Stargaze
Cosmos SDK
Stargaze is a proof-of-stake blockchain within the Cosmos SDK. Stargaze aims to shift monetization from corporations to the actual users creating and curating the content.
The Stargaze protocol has three main functions:
- Content creators can post content, mintable as NFTs.
- Content curators can earn rewards for discovering good content early, while appraising it in the process.
- Buying the token of a creator to support them and follow their content.
APY | 97% |
Compounding | Manual |
Reward Distribution Period | Every block (~6 seconds) |
Unbonding Period | 21 Days |
Delegation Requirements (Min-Max) | min. 1 STARS |
Validator Self-Bond Requirement | No minimum but enough STARS tokens from self-bond and delegation to join active set of top 100 validators |
Inflation | 84% |
Figment Validator Address | starsvaloper13htkxk8nw6qwhfdugllp8ldtgt5nm80xf679h5 |
Recommended Wallet |
Double Signing | 5% |
Downtime | 0.01% |
- Rewards are distributed automatically every block
- Tokens are locked during the staking period
- A new delegation is required for compounding rewards
To acquire STARS tokens, swap for them on Osmosis Zone.
Confirm the transaction to receive STARS tokens.
Under “Aseets” in Osmosis Zone, scroll down to Stargaze $STARS and click “Withdraw”
Confirm the transaction, and then the STARS will appear in your Keplr wallet.
Once you have funded your Keplr wallet with STARS, visit https://stake.stargaze.zone/stake to begin the staking process.
Figment Validator Address: starsvaloper13htkxk8nw6qwhfdugllp8ldtgt5nm80xf679h5
Find the Figment validator, and select “Delegate”
Select the amount of STARS you wish to delegate, click “Delegate” and approve the transaction
Once the transaction confirms, congratulations! You have successfully staked $STARS tokens to the Figment validator. Rewards will accrue over time. View the Staking Dashboard here: https://stake.stargaze.zone/
Stargaze uses delegated On-Chain Governance. Any STARS holder can participate directly in Stargaze governance via CLI or Keplr.
Delegators inherit the vote of the validator they are delegated to unless the delegator actively submits a vote themselves, which overrides their inherited vote.
What is Stargaze?
Stargaze is a proof-of-stake blockchain within the Cosmos SDK. Stargaze aims to shift monetization from corporations to the actual users creating and curating the content. The Stargaze protocol has three main functions: Content creators can post content, mintable as NFTs. Content curators can earn rewards for discovering good content early while appraising it in the process. Buying the token of a creator to support them and follow their content. What is protocol staking? On a Proof of Stake blockchain, protocol staking is the act of depositing tokens in order to become a validator; that is, to participate in proposing and attesting to transaction blocks. Anyone with a minimum necessary coin balance can validate transactions and earn staking rewards on these blockchains.
What is the name of the asset being staked?
The native token on Stargaze is called STARS.
What is the STARS token used for?
The STARS token is used to vote on governance proposals, to cover transaction fees and smart contract costs on the network as well as for staking purposes to secure the network.
Where can I explore the network and create a Stargaze wallet?
Explorer: https://www.mintscan.io/stargaze Wallet: Keplr or Steakwallet
How long does it take to stake and unstake?
From the moment you initiate the unbonding process, it takes 14 days to unstake. During this time you will not earn rewards. When the process is complete, you can transfer/trade your STARS tokens.
Will I keep receiving rewards after I unbond?
No. Once you unbond you stop receiving rewards.
Which type(s) and what rate of rewards can I expect?
You should expect approx. 97% APY.
When do rewards get distributed?
Staking rewards in Stargaze get automatically distributed every block (roughly 6 seconds).
How is staking income disbursed? Is it liquid or automatically staked?
Figment is never in control of your rewards. There’s no auto compounding feature in Stargaze and therefore staking income remains liquid and must be restaked manually.
Can I lose potential staking rewards?
Your potential rewards depend upon validator performance. When your validator is down, you will not be earning staking income.
Can my staked STARS be slashed (seized or destroyed)?
Yes. In case of double-signing, the protocol will slash all stakes by 5%. In case of downtime, both validators and delegators would be slashed by 0.01% on all stakes.
What is the rate of new issuance (aka "annual inflation") for STARS?
How does the token supply change? Stargaze follows an inflationary model with an issuance rate reduced by 1/3 each year (similar to Osmosis), which leads to a fixed total supply of 4 billion STARS.
What is the total supply of the STARS token?
Stargaze has a fixed maximum supply of STARS tokens set at 4 billion. Do I maintain custody of my STARS tokens? Who or what controls my staked tokens? Yes, Figment is non-custodial, which means we are never in control of your staking income and staked asset. Figment has partnerships with a number of top-in-class custodians: For inquiries, please contact [email protected]
How are decisions about Stargaze made and executed?
Governance is generally performed via on-chain proposals and token-weighted voting. Any STARS holder can participate directly in Stargaze governance by discussing proposals within the community across social media channels: Discord, Twitter, and Reddit. A signaling proposal should be posted on Commonwealth for at least 3 days before ending as an on-chain proposal. Delegators inherit the vote of the validator they are delegated to unless the delegator actively submits a vote themselves, which overrides their inherited vote.
Last modified 5mo ago