Edgeware

Edgeware is a high-performance, self-upgrading WASM (WebAssembly) smart contract platform, in the Polkadot ecosystem.

Bison Trails' Validator Address

https://polkadot.js.org/apps/#/staking

Minimum Stake

0.1

Unbonding Period

7 days

Commission

10%

Delegation Instructions

Please note

The screenshots are from the testnet so you will not see our validators in the search results for nominations.

Edgeware Nomination
Nominating

1. IMPORT YOUR STASH - If you have already imported your Edgeware stash to the Polkadot UI, skip to step 2.

  1. Install the Polkadot.js extension for Chrome
  2. Click the extension icon in your browser
  3. Click I have a pre-existing seed, import the account
  4. Enter your mnemonic seed
  5. Name the account
  6. Create a password & verify
  7. Click Add the account with the supplied seed




Edgeware Bonding
Bonding

2. BOND YOUR EDG

  1. Go to Polkadot UI
  2. Click STAKING in the left-hand navigation
  3. Select the ACCOUNT ACTIONS tab at the top of the screen
  4. Select NEW STAKE at the top right of the screen
  5. In the modal, select your stash account and, if applicable, controller account
  6. In the value bonded field, input the amount of EDG you’d like to bond
    - If you’d like to bond all of your EDG, leave 5-10 EDG in your stash account for transaction fees
  7. Select your preferred payment destination:
    - Select Stash account (increase the amount at stake) to compound your rewards on your Stash account (most common), or
    - Select Stash account (do not increase the amount at stake) to leave your rewards un-bonded and spendable in your Stash account
  8. Click BOND
  9. Confirm the correct amount of EDG is being bonded
  10. Enter your password
  11. Click Sign and Submit

3. NOMINATE BISON TRAILS’ VALIDATORS

  1. Go back to ACCOUNT ACTIONS screen
  2. Click NOMINATE
  3. Search for and select the Bison Trails validators. This will nominate all of the Bison Trails Edgeware validators, distributing stake among them evenly:
    Bison Trails/Bison Trails 1
    Bison Trails/Bison Trails 2
    Bison Trails/Bison Trails 3
    Bison Trails/Bison Trails 4
    Bison Trails/Bison Trails 5
  4. Click Nominate
  5. Confirm you are nominating the correct validators
  6. Click Sign and Submit

Congratulations! You are now nominating the Bison Trails validators.

FAQ

How is the reward rate determined?

Edgeware’s native rate of participatory rewards is determined by the staking rate of the protocol, capping out at 20% when 80% of the protocol’s tokens are staked.

An inflation model calculator can be found here.

What are the risks associated with delegating?

If a validator doesn't follow protocol rules, Edgeware slashes their bonded tokens as well as the EDG delegated to them.

  • Double signing: If someone reports on chain A that a validator signed two blocks at the same height on chain A and chain B, the validator will get slashed on chain A.
  • Unavailability: If a validator’s signature has not been included in the last X blocks, the validator will get slashed by a marginal amount proportional to X. If X is above a certain limit Y, then the validator will get unbonded.

Bison Trails takes these risks extremely seriously and have built our infrastructure to protect our customers and minimize slashing risk.

Read more about how we minimize risk, or read our guide about the Cosmos proportional slashing proposal.

Does everyone who delegates to the validator receive rewards?

In Edgeware, only the 64 largest delegators to a validator will receive rewards. You can see the list of all delegators on Bison Trails’ validators in the Polkadot UI when searching for “Bison Trails.”

How does Bison Trails’ commission work?

Bison Trails charges a 10% commission on all rewards earned by tokens delegated to our validator. The commission is paid to Bison Trails automatically by the protocol. You can then withdraw your rewards from the protocol directly.

Anything else I should know?

Learn more about Bison Trails and how our platform minimizes the risks of slashing. Please also review our full Digital Asset Rights Delegation Agreement.

View more protocols

Questions?

If you have questions, or if you are interested in running a validator on the Bison Trails platform, please contact us. Our protocol specialists are happy to assist you.