Staking Platform

Overview

The Staking Platform is a platform where IAG token holders can participate in the Iagon network by delegating their tokens to nodes, contributing to their total stake in exchange for a share of the node's earnings. The Staking Platform interacts directly with the blockchain indexer to offer real-time updates on storage stake and delegation.

From a user's perspective, the Staking Platform is a closed ecosystem as it interacts directly only with the Adagio protocol and Fermato.

Delegated staking works similar to node staking and is subject to the same 3 month withdrawal period. Delegated staking positions can also be liquidated at any time on the Staking Platform's Market. The buyer of a delegated position from the Market earns any future earnings for that position, and the seller keeps their accumulated earnings. You may move your IAG delegation to a new node at any time if you're not satisfied with a node's performance or earnings.

Getting Started

Stake your IAG tokens

IAG token holders who don't want to run their own node can delegate their IAG tokens to existing nodes to earn a share of the node's earnings.

• Visit the Staking Platform and log in with your Cardano wallet.
• For a quick and easy experience, select the Quick Delegate page from the navigation bar on the left.
  • With the Delegate option selected, input the amount of IAG tokens you want to delegate, optionally set your preferred filters, and then select Find Nodes.
  • The best available nodes will be automatically selected based on your delegation amount, sorted by lowest node margin to highest.
  • You can select Repeat Search and modify your search filters or IAG token amount.
  • Once you've found a node or nodes that you're happy with, select Delegate to delegate your IAG tokens to the selected node(s).
• For a more curated experience, select the Market page from the navigation bar on the left.
  • Select the Nodes tab.
  • Use the filters to find the node that best suits your preferences.
  • Select Delegate to delegate your IAG tokens to the selected node.
  • You may delegate to multiple nodes if your top pick doesn't have enough storage availability for your token amount.

Buy IAG tokens that are already staked

ADA holders who don't want to run their own node can buy IAG tokens that are already delegated to a node and earn a share of the node's earnings.

• Visit the Staking Platform and log in with your Cardano wallet.
• For a quick and easy experience, select the Quick Delegate page from the navigation bar on the left.
  • With the Swap option selected, input the amount of ADA you want to swap for IAG tokens, optionally set your preferred filters, and then select Find Positions.
  • The best available positions will be automatically selected based on your swap amount, sorted by lowest node margin to highest.
  • You can select Repeat Search and modify your search filters or ADA amount.
  • Once you've found a position or positions that you're happy with, select Swap to swap your ADA for IAG tokens that are already delegated.
  • You will receive all future earnings from the position(s) you now own.
• For a more curated experience, select the Market page from the navigation bar on the left.
  • Select the Positions tab.
  • Use the filters to find the position that best suits your preferences.
  • Select Accept to buy the position.
  • You may buy as many positions as you like.
  • You will receive all future earnings from any positions you buy.

Definitions

Reputation Score

The Reputation Score is a rating from 0 to 72 calculated based on the node's performance and uptime history. This score impacts the node's earnings.

Margin

The Margin is the percentage of the delegator's earnings pool that the node operator receives as a service fee, in addition to the node operator's own earnings. Updating a node's margin takes 2 epochs (10 days) to take effect.

Return on Delegation (ROD)

Return on Delegation is a metric that shows the percentage of rewards return on a delegator's token delegation in a delegated position, similar to the widely used Return on Investment (ROI) metric.

Quick Delegate

Delegate

The Quick Delegate feature allows token holders to delegate their tokens to a node quickly and easily by optionally selecting a few simple filtering and sorting parameters and being matched with the most suitable node or nodes based on the amount of tokens they want to delegate and the parameters they selected.

Swap

The Swap feature allows users to quickly and easily purchase the best available delegated staking positions listed on the Market.

Sell a Delegated Position

The Sell feature allows the owner of a delegated staking position to list their position for sale on the Market. The position is then matched with a buyer and the transaction is executed by an orderbook batcher. This feature allows delegated positions to be liquidated quickly, avoiding the 3 month withdrawal period. Any accumulated earnings still belong to the seller, and any future earnings will go to the buyer.

Increase Delegation

The Increase Delegation feature allows users to increase the amount of tokens they have delegated to a node they're already delegating to. This is done by adding more tokens to the existing delegation position, and requires the node to have the resources to accommodate the additional stake.

Withdraw Delegated IAG

The Withdraw feature allows users to withdraw their IAG tokens from a delegated position. This requires a 3 month waiting period, during which the node's commitment will be reduced and data/tasks may be moved to other nodes. After the 3 month period, the IAG tokens will be withdrawable from the Staking Platform.

Launching a Delegated Node

Node operators can selected Delegated Node as an option while launching a new node, or can convert an existing node to a Delegated Node by selecting the option on the node's details page. The latter option effectively resizes the node, committing more resources to the network, and making those additional resources available for delegation.