Orbs (ORBS)
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What is Orbs
Currently, Moonstake supports multi-chain staking of ORBS on Ethereum and Polygon. The Orbs Network is a public blockchain infrastructure designed for businesses looking at trust as a competitive strategy. The ORBS token is accessible across eight major chains: Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, Fantom, Harmony and Cronos. This guide is for staking ORBS on Ethereum.
Proof of Stake
Delegators are ORBS token holders who assign their voting weight (stake) to Guardians, empowering them to maintain security and uphold the long term vision of the ecosystem.
Staking
To take part in the staking of ORBS on Ethereum, you must:
- Hold ORBS Token.
- Select a worthy Guardian to delegate your voting power to
- Agree to lock in and stake ORBS.
- For staking ORBS on Ethereum, the gas fee for transactions will be in ETH instead of MATIC tokens like staking ORBS on Polygon.
Rewards
- Token holders that delegate to an active Guardian are rewarded in proportion to their stake
- Annual reward is up to 8% of the Delegator’s staked tokens (subject to an 80M Orbs Token cap on total rewards).
Unstaking
If you want to send an asset that is currently staked, you will need to unstake it first. The unstaking of your tokens will take a full 14 days before they become available, therefore you will not be able to send the tokens immediately. The period during which the tokens cannot be transferred is called the 'lock period.'