Announcing Public Launch of Staking on Curio Parachain for all CGT Holders
Starting July 12th, СurioDAO offers staking to all users who have CGT on Curio Parachain. Although CGT can be received as rewards (airdrop), CurioDAO plans to integrate a third-party bridge for the exchange of CGT between Ethereum and the Curio Parachain in the near future. A user of a CGT on the Curio Parachain wallet is eligible to stake as a nominator and receive a CGT reward on the Curio Parachain network.
It is desirable to have a stake of more than 5,000 CGTs on the Curio Parachain in order to be nominated, however, you may participate with any number of CGTs. Staking involves selecting a validator to whom we would like to nominate and executing a stake transaction with a CGT block. It is possible to unlock funds for transfer after 28 days following termination of participation as a nominator in the staking process. The gas fees for transactions on the Curio Parachain network are very low and are paid in CGT tokens.
Staking APY regarding individual validators can be seen here: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fparachain.curioinvest.com#/staking/targets
Here is how to connect / create a wallet on Curio Parachain: https://wiki.parachain.curioinvest.com/guides/how-to-create-and-connect-the-wallet-to-curio-parachain
The following is a guide to staking as a Nominator: https://wiki.parachain.curioinvest.com/guides/how-to-stake-on-curio-parachain-as-nominator
Here is information about staking on Curio Parachain: https://wiki.parachain.curioinvest.com/learn/staking-on-curio-parachain
Snapshot of ERC-20 CGT holders and distribution of rewards for them on Curio Parachain
On July 12, CurioDAO snapshots CGT holders on Ethereum and distributes CGT on Curio Parachain to those users who passed KYC on CurioInvest (https://curioinvest.com/register) and linked Parachain wallet and Ethereum wallet.
You need to have a minimum amount of 1000 ERC-20 CGT on the Ethereum wallet that you specified when passing CurioInvest KYC. All members with 1000 CGT+ will get 10% of ERC-20 CGT amount on Curio Parachain and can start staking on Curio Parachain. For example, holding 2000 ERC-20 CGT on the Ethereum wallet, which is listed in the CurioInvest account, you can get 200 CGT on the Curio Parachain network to the wallet indicated on CurioInvest in the account.
Running staking for validators on Curio Parachain
The validator node allows you to participate in staking on Curio Parachain on a larger scale, but it also requires technical knowledge to set up and maintain the autonomy of the node on the server. To participate in validator staking, it is desirable to have more than 25,000 CGTs in stake on Curio Parachain in order to successfully compete with other validators. Among the advantages of the validator: you can attract stake nominators and receive your set fee percentage for your successful work as a nominator. Of the minuses: for non-autonomous operation of the node, slashes are provided for the stake validator and its nominators.
Find out guides for advanced users on configuring and running our Curio Parachain validator node below.
Parachain wallet connecting guide: https://wiki.parachain.curioinvest.com/guides/how-to-create-and-connect-the-wallet-to-curio-parachain
Setup validator guide: https://wiki.parachain.curioinvest.com/guides/how-to-become-a-validator-of-curio-parachain
Curio Parachain App: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fparachain.curioinvest.com#/staking
Curio Parachain Telemetry: https://telemetry.polkadot.io/#list/Curio
Learn staking on Curio Parachain: https://wiki.parachain.curioinvest.com/learn/staking-on-curio-parachain
Curio Parachain on Kusama about page: https://capitaldex.exchange/#/kusama-slot
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