Create a Co-staking Offer

Co-Staking operates as a smart contract on the blockchain, allowing device owners to invite co-stakers to contribute to their stake in exchange for a share of block rewards.

Table of Contents

Create a Co-staking Offer

Prerequisite

Before creating a Co-Staking offer, ensure that your device meets the minimum staking requirement. If the requirement is not met, the option to create a Co-Staking offer will be disabled (grayed out).

Steps to Create a Co-Staking Offer

  1. In the Staking Actions column, click the three dots next to your device and select Create Co-Staking Offer.

  2. Set the amount of IO you’re requesting from a potential co-staker using the slider on the Co-Staker Contribution page. The maximum co-stake is 50% of the total stake.

  3. On the Block Reward Sharing page, define the reward percentage for the co-staker using the slider. In the screenshot below, the co-staker will receive 74% of the block reward.
    Below the slider, we provide the estimated block reward per block for your co-staker based on the previous 7-day average.

  4. Review your choices on the Summary page and click Create a Co-Staking Offer.

  5. A unique offer link will be generated. Share this link with your collaborators.

  6. To see your device, return to the Staking section and find your device listed under the Co-Staking Devices tab.

Offer Status

Track your Co-Staking offer in the Co-Staking Devices tab. Statuses include:

  • Sufficient State (Wait Period): The co-staker has unstaked, and their contribution is in the 7-day Wait Period. The stake still counts toward the device’s minimum staking requirement but does not earn block rewards.
  • Sufficient State (Waiting for Co-Staker): The owner has staked the device and is awaiting a co-staker.
  • In Cooldown: The unstaking process has completed the wait period and is now in a 14-day cooldown, where funds remain locked.
  • Co-Staker Withdrawn: The co-staker has successfully withdrawn their funds after completing the unstaking process.
  • Co-Staker Unstaked (In Wait Period): The co-staker has initiated unstaking, and their funds are in the 7-day wait period.
  • Offer Closed: The offer has been closed by the owner or due to other circumstances and is no longer available in the marketplace.
  • Insufficient Stake (Waiting for Co-Staker): The device does not meet the minimum stake requirement and is waiting for a co-staker to fulfill it.

Managing Co-Staked Devices

  1. To view and manage your co-staked devices, click Co-Staked Devices tab.

  2. To view offers, click the ellipsis next to the device and choose Co-Staking Details.

  3. The Check Offer modal shows you the parameters of the Co-Staked Device.