RadixStake is a platform that allows users to earn rewards in the form of Radix XRD tokens.
Overview
RadixStake is a platform that allows users to stake their Radix (XRD) tokens and earn rewards. It utilizes server uptime monitoring to ensure optimal operations of validator nodes, providing constant network connectivity. RadixStake works with top-tier cloud infrastructure providers, such as DigitalOcean and Linode, to host primary and backup validator nodes.
By staking their Radix tokens with validators like RadixStake, users can help secure the Radix ledger and protocol. The selection of validators is an important decision as it can impact the share of emission rewards from the Radix protocol.
In December 2021, eligible delegators who staked a certain amount of XRD with RadixStake were eligible for the final Radical airdrop. The airdrop distribution was calculated based on the total number of eligible delegators and their XRD amount staked with RadixStake.
Sources:
RadixStake - Earn Radix XRD Rewards
Benefits
If you join RadixStake, you can enjoy several benefits:
Radix Mainnet Validator
RadixStake has a qualified experience as a Radix Mainnet Validator, Betanet Validator, Stokenet Validator, and Cassandra Test Network node runner.
Reliable Node Operations
RadixStake provides 24/7 monitoring and alerting to ensure the optimal performance and uptime of their validator nodes.
Earn Radix XRD Rewards
By participating in staking with RadixStake, you can earn Radix (XRD) emissions reward. These rewards are automatically created in a staked state and are emitted pre-staked to the same validator where the originally staked XRD tokens were placed. You don't need to continuously stake emitted tokens to compound your rewards, as the emitted tokens immediately begin earning emissions.
Competitive Fee
RadixStake offers a fair and competitive fee of 1.49%. This fee is currently below the top 15 competing validator average and is designed to incentivize validators to perform well.
Products
RadixStake primarily offers a staking service for Radix (XRD) tokens. Here are the main products associated with RadixStake:
Radix Staking
RadixStake allows users to stake their Radix (XRD) tokens and earn rewards. By staking their tokens, users contribute to the security and operations of the Radix network while earning emissions rewards.
Validator Node Hosting
RadixStake works with top-tier cloud infrastructure providers, such as DigitalOcean and Linode, to host primary and backup validator nodes. This ensures constant network connectivity and optimal operations of the validator nodes,
Staking Process
The staking process with RadixStake typically involves the following steps:
Obtain Radix ($XRD) Tokens
First, you will need to obtain Radix ($XRD) tokens. You can acquire $XRD tokens through exchanges or other means, ensuring that you have the required amount for staking.
Choose a Validator
Once you have $XRD tokens, you need to select a validator to delegate your tokens to. RadixStake is a reputable validator provider that you can consider for this purpose.
Delegate Your Tokens
Transfer your $XRD tokens to the chosen validator's staking address. This process typically involves creating a transaction from your wallet to the specified staking address provided by the validator.
Wait for Confirmation
After delegating your tokens, you will need to wait for the transaction to be confirmed on the Radix network. This confirmation process involves the network validating and adding your transaction to the blockchain.
Start Earning Rewards
Once your transaction is confirmed, your tokens will start participating in the staking process. As a validator, RadixStake will handle the technical aspects of running the node and securing the network. You will start earning emissions rewards in the form of additional $XRD tokens based on your staked amount.
Manage Your Staked Tokens
You can choose to compound your earnings by staking the emitted tokens or withdraw them, depending on the staking protocols and rules set by RadixStake.