Bifrost

Delegation TutorialThis tutorial will guide you to delegate for collators.Delegating and StakingThe following steps will guide any BNC holder to do Staking on Bifrost, delegate BNCs for Collators and receive Staking rewards. Learn more about the <a href="https://wiki.bifrost.finance/node/bifrost-collator-obt" rel="noopener noreferrer nofollow">Collator System and parameters</a>. (*This tutorial was capturing under the testnet, ASG equals to Bifrost BNC on mainnet.)Step 1: Make sure you have BNC (claim test-BNC on <a href="https://t.me/bifrost_faucet" rel="noopener noreferrer nofollow">Bifrost Faucet</a>), go to <a href="https://bifrost.app%2C/" rel="noopener noreferrer nofollow">https://bifrost.app,</a> switch to Bifrost Stage Network check all Collators.Active: Active Collators, producing blocks and releasing Staking rewards. (The more stake a Collator has, the less reward the delegator gets, and vice versa)Waiting: Collator candidates, no Staking rewards.Tip: For each Collator, only top 100 delegators can receive Staking rewards, the ranking relates to delegating amount.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a2358a84649540cd9471836b8a48727f.png" />Step 2: Choose one Collator and click “delegate”, confirm the minimum bonding amount and start delegating.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/0a62659eda584930bd108e4f5c1021f0.png" />Step 3: Check your Staking data &amp; status.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a8f75c03e89643238d7f95b738c9ed5f.png" />Step 4: Unbond, revoke delegating. Click “unbond” and redeem your bondings, wait 24 rounds then you can receive it (no reward during the revoking period).<h2 id="header-0">Run a Collator</h2>Bifrost Pre-production Environment:rpc&#xff1a;wss://bifrost-rpc.testnet.liebi.com/ws<h2 id="header-1">Download Chain Spec</h2><ul><li>Relay chain spec: <a href="https://raw.githubusercontent.com/bifrost-finance/bifrost/2d0e2535752c886f8afe3bfd62ed847e8b3f5493/node/service/res/stage/rococo-local.json" rel="noopener noreferrer nofollow">rococo-local.json</a>​</li><li>Bifrost chain spec: <a href="https://raw.githubusercontent.com/bifrost-finance/bifrost/2d0e2535752c886f8afe3bfd62ed847e8b3f5493/node/service/res/stage/bifrost-stage.json" rel="noopener noreferrer nofollow">bifrost-stage.json</a>​</li><li>​<a href="https://github.com/bifrost-finance/bifrost/releases/download/v0.9.30-rc5/bifrost" rel="noopener noreferrer nofollow">Bifrost Binary</a>​</li><li>​<a href="https://github.com/bifrost-finance/bifrost/releases/download/v0.9.30-rc5/bifrost" rel="noopener noreferrer nofollow">Bifrost Source Code</a></li></ul><h2 id="header-2">Run a Collator Node</h2>1 /path/to/bifrost \2 — collator \3 — force-authoring \4 — chain &lt;/path/to/bifrost-stage.json&gt; \5 — base-path &lt;DATA_PATH&gt; \6 — ws-port&#61;9944 \7 — port&#61;30333 \8 — prometheus-external \9 — state-cache-size 0 \10 — \11— chain &lt;/path/to/rococo-local.json&gt; \12 — execution wasm<h2 id="header-3">Set SessionKey</h2><ol><li>Generate SessionKey</li></ol>curl -H “Content-Type: application/json” -d ‘{“id”:1, “jsonrpc”:”2.0&#34;, “method”: “author_rotateKeys”, “params”:[]}’ http://COLLATOR_IP:99332. Set SessionKey<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/feac9b28d79f4f04804223486d4a1716.png" /><h2 id="header-4">Claim test-BNC</h2><ul><li>Bifrost Faucet: <a href="https://t.me/bifrost_faucet" rel="noopener noreferrer nofollow">https://t.me/bifrost_faucet</a></li></ul>!drip &lt;address&gt;- Send 110 BNC to your address.!top — Top 30 with the most delegate or collator rewards.!rank &lt;address&gt;- Rank and rewards obtained by.!help — show all commends<h2 id="header-5">Apply for Candidate</h2><ul><li>extrinsic</li></ul>parameters:bond: candidate bonding amount 100,000,000,000,000 (100 BNCs)candidateCount: existing candidate amount<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/78c56df06f894ca38302461f4edec631.png" /><ul><li>event</li></ul><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ea09405169ad487786a0d5d4a7a63b48.png" />If the total amount of Total Bonded is in the top 16, after 2 rounds, the new Collator can start to generate blocks and receive rewards.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/779b996657f1499fbe97cb51b255b7bd.png" />

Tutorial | How to delegate token & run a collator

Table of Contents

Bifrost_

Other articles published on Mar 1, 2022

WAX Blockchain CPU Usage Explained

Kommunitas x Ninja'S In Calls

ZEDXION EXCHANGE

Kommunitas x DEC Ventures

ZEDXION HELP CENTER

Affyn Airdrop Winners

Join our free newsletter for daily crypto updates!