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NORDEK
  • Summary
  • DOCUMENTATION
    • Learn about the Nordek Platform
      • Nordek Overview: vision, strategy and platform components
      • The Nordek Blockchain
        • Discovering the Network
        • Nordek Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting Nordek's Scalability
      • Nordek Token (NRK)
        • NRK Tokenomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting NRK
        • NRK on Other Chains
      • Interoperability
      • Nordek Governance and Development
        • Nordek Assembly
        • Nordek Improvement Proposals (NIPs)
      • Wallets supporting Nordek
    • Nordek for Business
    • Things you can do on Nordek
      • Interacting with the Nordek Blockchain
      • Nordek Ecosystem
      • Community
      • Grants and Bounties
    • Nordek Mobile Infrastructure Use Cases
  • DEVELOPERS
    • Network Details
      • Nordek Mainnet
      • Nordek Testnet Spark
      • Token Faucets
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • NIP's
    • Nordek Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes?
    • Resources & Tools
      • TheGraph
      • WalletConnect on Nordek
      • Supra Oracles
    • How to become a validator?
      • Getting started as a validator
  • LINKS
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    • Medium
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On this page
  • Stake
  • Delegate
  • Withdraw
  1. DEVELOPERS
  2. Nordek Consensus

Stake, Delegate and Withdraw

PreviousContracts OverviewNextVote

Last updated 10 months ago

The basic requirement to become a Nordek chain validator is to have a stake amount of at least 100,000 Nordek tokens. The stake amount is the sum of staked and delegated Nordek tokens of the address. This guide walks trough the process of using MEW (MyEtherWallet.com) in the process of using Nordek network.

Roadmap - Those functionalities will be built into our Studio and will not require any technical knowledge in the future.

Stake

There are two options to stake (both should be called from the address which would be the validator)

  1. Send Nordek tokens to the - 0x8db1436097E3d16DD366c138F6953Fb7ee9a96Ad on the Nordek network.

  2. Call the `stake` function on the - 0x8db1436097E3d16DD366c138F6953Fb7ee9a96Ad on the Nordek network.

Delegate

Nordek token holders who don't want to run a node by themselves but still wish to participate in governing the network can delegate any amount to one of the validators.Delegating is done by calling the `delegate` function on the with the validator address as data (see screenshot from MEW).

delegate

Withdraw

Both stakers and validators can withdraw their Nordek tokens, up to the staked/delegated amount, at any time. The withdrawn amount will be deducted from the validator stake amount, and if the stake amount becomes below the minimum stake amount - the validator will be removed from the Nordek chain validators list.There are two options to withdraw:

Call the `withdraw` function on the with one parameter - the amount to withdraw. This call is for stakers, and will reduce the stake amount of the sender address.

Call the `withdraw` function on the with two parameters - validator address and amount to withdraw. This call is for both stakers (who can use their own address as the parameter) and for delegators to withdraw their delegated stake on a specific validator.

withdraw option no. 1
withdraw option no. 2
consensus contract
consensus contract
consensus contract
consensus contract
consensus contract