SatoshiChain
  • What is SatoshiChain?
    • 1.1 Phases
    • 1.2 Connect To SatoshiChain
    • 1.3 Solutions
    • 1.4 Characteristics
  • Main Features
    • 2.1 'Clique' Proof-of-Authority (PoA) Consensus
    • 2.2 EVM-compatible
    • 2.3 Decentralized Governance
    • 2.4 Cross-chain Compatibility
  • Background
    • 3.1 Cryptographic Hash Functions
    • 3.2 Digital Signatures
      • 3.2.1 Secp256k1 Curve
      • 3.2.2 ECDSA Signature Algorithm
    • 3.3 Ethereum Virtual Machine (EVM)
    • 3.4 Consensus Protocols
      • 3.4.1 Proof-of-Work (PoW) - Nakamoto Consensus
      • 3.4.2 Istanbul Byzantine Fault Tolerant (IBFT)
      • 3.4.3 IBFT Proof of Authority (PoA)
      • 3.4.4 IBFT Proof-of-Stake (PoS)
      • 3.4.5 RAFT
      • 3.4.6 'Clique' Proof-of-Authority (PoA)
      • 3.4.7 Comparison and Selection
  • Developers
    • 4.1 SatoshiChain Layering Architecture
    • 4.2 SatoshiChain Cross-Chain Protocol
    • 4.3 SatoshiChain Design
    • 4.4 Native Currency of SatoshiChain: The $SC Token
    • 4.5 SatoshiChain Configurations
  • VE Model for SatoshiChain
    • 5.1 Voting Power
    • 5.2 How to Use $veSC
  • Smart Contracts of SatoshiChain
    • 6.1 Validator Set Contract
    • 6.2 Slashing Contract
    • 6.3 Staking Contract
    • 6.4 Governance Contract
    • 6.5 Vault Contract
    • 6.6 Bridge Contract
  • SatoshiChain Staking
  • SatoshiX Decentralized Exchange (DEX)
  • Potential Applications
    • 9.1 NFT
    • 9.2 DeFi
    • 9.3 GameFi
  • Become a Validator Node Operator
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SatoshiChain Staking

The SatoshiChain project will enable users to access three different token staking models in order to earn yields:

  • Staking $SAT tokens on the SatoshiChain blockchain will allow stakeholders to secure the native blockchain and receive $SC rewards.

  • Staking $SC tokens on the chain will provide additional $SC rewards.

  • Staking $SC tokens into the SatoshiChain Ve model will allow users to receive $veSC tokens. They can select a vesting time between half a year and 4 years, with longer vesting periods granting higher $SC rewards and more $veSC in return.

The process of staking goes as follows:

  1. Users bridge Bitcoin onto the SatoshiChain to receive $SAT.

  2. During the airdrop window, users receive a 1-time airdrop for this action in $SC tokens in an amount equal to their $SAT.

  3. Users can stake $SAT on SatoshiChain and receive $SC rewards.

  4. Users can stake the $SC they received as rewards on the Ve model and receive additional $veSC rewards.

  5. Users can stake $SC on SatoshiChain and lock up for a period of time to receive $SC rewards.

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Last updated 2 years ago