Staking is the Proof-of-Stake equivelant of mining in Proof-of-Work blockchains. Stakers validate transactions on the network. These transactions are grouped in blocks. With Scalaris, there is 1 block every minute with a 1 SCA reward. You can stake with any amount of SCA and are rewarded for supporting the network with block rewards and all the transaction fees included in that block.
Staking can be performed with any amount of SCA, there is no minimum. However, since staking with Scalaris is probability-based, you will receive rewards more frequently by owning and staking more SCA. SCA can be acquired through various options available.
Use the following guide to enable staking and start earning rewards.
Stake using the redesigned wallet
- Install and setup the Scalaris wallet.
- Open and sync the wallet.
- Make sure there's SCA in your wallet.
- Unlock the wallet for staking only.
- It may take a minute for the staking to activate.
You can verify the wallet is staking with the status icon in the upper-right corner.
The 2nd icon from the left indicates the staking status. If it is Red, staking is inactive. If it is Green, staking is active. You can also hover over the icon to read the staking status.
Note: Staking will not activate if the wallet is not synced.
Since staking is the act of confirming the latest transactions, staking cannot be active until the wallet is synced to the more recent transaction on the network.
Note: Newly deposited SCA can't stake for 60 minutes.
Funds cannot stake until they have had 60 confirmation on the network. This a security precaution and will take roughly 60 minutes (1 confirmation a minute) to be eligible for staking.
When staking, you may see your wallet balance show as Immature. This is a normal part of staking. The funds in your wallet that "won" the staking reward will remain immature until they have 101 confirmations (101 minutes). When funds are immature, they are unspendable and do not count towards your probability for receiving another reward. After 101 confirmations, these funds can be spent again and the balance will show up as normal.
Warning: Beware of scams
Be cautious of users sending you private messages on Discord to help with troubleshooting, even if they claim to be team members. Scammers will often prey on those having issues and offer help in an attempt to steal funds. This is usually done by impersonating team members.
The selection of the staker that confirms each block is probability-based. This means that everyone’s chance of being selected to confirm the next block is equal to the amount of SCA staking divided by the total amount of SCA being staked on the network.
Example: Calculating staking reward probability.
- You're staking 5000 SCA
- There's a total of 3,325,000 SCA active staking on the network
The probability you will earn the next reward is:
5000 / 3325000 = 0.0015 * 100 = 0.15%
This means that, on average, you will earn a reward every:
1 / 0.0015 = 665 minutes = 11.08 hours
And the average amount of SCA rewarded per day is:
1440 minutes a day / 665 minutes per reward * 1 SCA per reward = 2.16 SCA
With SCA valued example at $2, that would equate to $4,32 per day and $1576,8 per year.
Building off the probabilistic ratio above, the following equation can be derived to estimate the yearly return (in SCA) on the initial amount started with. This does not account for compounding, which would increase this value.
Staking ROI = (  / [total SCA staked on the network] ) * 100
- 525600 = 1 SCA reward per minute * 1440 minutes per day * 365 days per year
Example: Calculating staking reward ROI.
- There's a total of 3,325,000 SCA staking on the network
- The amount you're staking is irrelevant because ROI is a per unit value
The yearly ROI under these conditions will be:
525600 / 3325000 = 0.158 * 100 = 15.8%
This means that in a year, if you staked 1000 SCA the rewards would be:
1000 * 0.158 = 158 SCA
With SCA valued at $2, that would equate to $316 per year.