Provenance

Last updated: Jul 13 2021

Protocol teams occasionally change the delegation / staking process. If the following instructions do not work, please email support@bisontrails.co for assistance.


Provenance is a public, permissionless proof of stake network built to support the traditional financial industry.

Service Fee

10%

Minimum Stake

No minimum

Unbonding Period

21 days

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Bison Trails' Validator Address



Bison Trails' Validator Moniker

Delegation Instructions

Important:

Fake URLs impersonating the secure wallets and UIs used to delegate are circulating on the internet. Always confirm you are using the exact sites we link to here:

  • https://explorer.provenance.io/dashboard
  • https://provenance.io/wallet
  • https://www.figure.com/login/register


Currently, delegation is available in the Provenance Explorer UI using either The Provenance Wallet, a web application that allows users to store their key pair offline locally, or Figure's hosted wallet solution, a custodial option that supports all Provenance transactions and trading functions.

Using The Provenance Wallet

Note: if you have already created and funded your Provenance Wallet, please skip to Step Three: Delegate Hash below.

STEP ONE: Setup Your Wallet

  1. Ensure you are using an updated web browser with a password manager enabled
    Note: an active password manager is required by The Provenance Wallet in order to generate your encrypted private key successfully for use in future transactions.
  2. Navigate to https://wallet.provenance.io/ and select Connect
  3. At the bottom of the pop-up window, select Create new wallet
  4. Select Generate seed phrase and click Continue
  5. A new window will show your 24 word seed phrase. Write down your seed phrase and save it somewhere safe. You will need to verify a portion of your seed phrase to finalize the creation of your wallet.
    Note: ensure that you store your seed phrase somewhere safe where it cannot be lost or compromised. Your seed phrase is the master key to your wallet; loss or compromise of your seed phrase may result in permanent loss of your HASH.
  6. Once you have copied your seed phrase, select Continue at the bottom of the window
  7. Follow the on-screen prompts to verify a portion of your seed phrase in order to continue
  8. In the Wallet name field enter the name you want to identify your encrypted private key within your password manager
  9. Create a secure password, which will be used to encrypt your private key before it is stored within your password manager
  10. Select Continue
  11. On the SAVE TO KEYCHAIN page that appears, select the Copy icon to the right above to your encrypted private key
  12. Paste your encrypted private key in the Password field
    1. If a prompt from your password manager opens asking you to save your password, accept the prompt and select Save
    2. If a prompt does not appear, click the Key icon on the top right of your browser window and follow the password manager's prompts to save field as a password
  13. Select Continue
Note: future delegation actions will require using the information saved in the password manager to access your wallet via a Provenance login window. If you encounter errors related to your password manager not functioning as expected, you can select Create new wallet on the login page, followed by Create from existing seed phrase, which will allow you to use your 24 word seed phrase to access your wallet and set a new password.

STEP TWO: Fund Your wallet

  1. Navigate to Figure's website to create an account
  2. Enter the personal or business information to be associated with your account and select Sign up
  3. Select Create Wallet
  4. Select Continue if a pop-up message appears
  5. A window will appear to configure your default Figure Wallet. Change the wallet name if you would like to do so and select Submit
  6. Review Figure's terms of service as prompted
  7. On the Create Figure Passport page, select Set up Figure Passport and follow the on-screen prompts to configure ACH funding. Once approved, navigate back to the Figure Wallet dashboard after completion.
  8. On the right of the Figure wallet dashboard, click Menu and then select Link Provenance Wallet from the drop-down
  9. A pop-up window will open, prompting you to use your password manager to enter the key credentials for your Provenance wallet generated during in the “STEP ONE: SET UP YOUR WALLET” section above. After entering, select Submit
  10. Your Provenance Wallet should now show as the primary wallet on your Figure Wallet dashboard
  11. Select Deposit in the USD row of the dashboard
  12. Follow the on-screen prompts to send funds to your Figure Wallet
  13. Select Trade in the HASH row of the dashboard
  14. Follow the on-screen prompts to use your funds to purchase HASH
  15. Return to the Provenance Wallet dashboard. The HASH you secured in the previous steps should now show in the Holdings section of the Provenance dashboard.

STEP THREE: Delegate HASH

  1. Navigate to the Provenance Explorer Dashboard
  2. Select the key icon on the upper right of the page and select Provenance Wallet
  3. In the pop-up window use your password manager to enter the key credentials for your Provenance wallet generated during in the “STEP ONE: SET UP YOUR WALLET” section above. After entering, select Submit
  4. Select Staking on the top menu
  5. Search for the Bison Trails moniker or validator address:

    Validator address: pbvaloper16w74eff40g3eux8kz92tmwzjjcngckw2672ycs

    Moniker: Bison Trails

  6. In the Bison Trails moniker row select Delegate
  7. Enter the amount of Hash you would like to delegate in the Amount to Delegate field and select Delegate
  8. In the Provenance wallet pop-up window, confirm that the Bison Trails validator address is correct: "validatorAddress": "pbvaloper16w74eff40g3eux8kz92tmwzjjcngckw2672ycs"
  9. Select Confirm and Broadcast
  10. Your delegation will now show under the My Validators section of the Provenance Explorer Staking dashboard.

Congratulations! You're now delegating to the Bison Trails validator!

Support

We are available to answer your questions 9am–6pm ET Monday-Friday. Please contact us: support@bisontrails.co



FAQ

The Provenance protocol is non-inflationary, meaning that all rewards are based on transaction volume. Transaction fees are collected globally and distributed in proportion to stake, not based on the fees associated with the specific blocks produced by a validator.

As with other Tendermint chains, Provenance enacts slashing for excessive downtime and double signing, up to 5% of your delegated tokens. Slashing punishments are applied proportionally to all tokens staked to the validator.

Behavior Type

Criteria

Punishment

Excessive downtime Missing more than 50% of 32000 blocks 1% of all Hash on the validator
Double signing Proposing more than one block at the same block height 5% of all Hash on the validator

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

Interested in delegating on other protocols?

Have tokens on other networks? Learn more about delegating to our public validators on Celo, Cosmos, Edgeware, Kusama, Livepeer, Ontology, Polkadot, Solana, and more. We also offer dedicated participation clusters.


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THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY. PLEASE DO NOT CONSTRUE ANY SUCH INFORMATION OR OTHER MATERIAL CONTAINED IN THIS DOCUMENT AS LEGAL, TAX, INVESTMENT, FINANCIAL, OR OTHER ADVICE. THIS DOCUMENT AND THE INFORMATION CONTAINED HEREIN IS NOT A RECOMMENDATION OR ENDORSEMENT OF ANY DIGITAL ASSET, PROTOCOL, NETWORK OR PROJECT. HOWEVER, BISON TRAILS (INCLUDING ITS AFFILIATES AND/OR EMPLOYEES) MAY HAVE, OR MAY IN THE FUTURE HAVE, A SIGNIFICANT FINANCIAL INTEREST IN, AND MAY RECEIVE COMPENSATION FOR SERVICES RELATED TO, ONE OR MORE OF THE DIGITAL ASSETS, PROTOCOLS, NETWORKS, ENTITIES, PROJECTS AND/OR VENTURES DISCUSSED HEREIN.

THE RISK OF LOSS IN CRYPTOCURRENCY, INCLUDING STAKING, CAN BE SUBSTANTIAL AND NOTHING HEREIN IS INTENDED TO BE A GUARANTEE AGAINST THE POSSIBILITY OF LOSS. THIS DOCUMENT AND THE CONTENT CONTAINED HEREIN ARE BASED ON INFORMATION WHICH IS BELIEVED TO BE RELIABLE AND HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE BUT BISON TRAILS MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE FAIRNESS, ACCURACY, ADEQUACY, REASONABLENESS OR COMPLETENESS OF SUCH INFORMATION.

ANY USE OF BISON TRAILS’ SERVICES MAY BE CONTINGENT ON COMPLETION OF BISON TRAILS’ ONBOARDING PROCESS, INCLUDING ENTRANCE INTO APPLICABLE LEGAL DOCUMENTATION AND WILL BE, AT ALL TIMES, SUBJECT TO AND GOVERNED BY BISON TRAILS’ POLICIES, INCLUDING WITHOUT LIMITATION, ITS TERMS OF SERVICE AND PRIVACY POLICY, AS MAY BE AMENDED FROM TIME TO TIME.

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Questions?

Learn more about delegation in our guide to delegating digital assets.

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