Delegate Tezos

Total delegated to Everstake: 45 501 111 XTZ
xtz
Tezos Logo in Cube
Tezosstats
6.16%
apr
6.16%
apr
price
1.16 $
reward frequency
Every cycle (3 days)
CALCULATE your PROFIT
ENTER your AMOUNT
EVERSTAKE FEE: 15 %
your earnings will be:
daily
0.02 xtz
monthly
0.51 xtz
yearly
6.16 xtz
The calculations only give an approximate amount, as the price fluctuates.
calculator – your earnings
daily
0.02 xtz
monthly
0.51 xtz
yearly
6.16 xtz
price
1.16 $
reward frequency
Every cycle (3 days)

Tezos

EVERSTAKE validator address

tz1aRoaRhSpRYvFdyvgWLL6TGyRoGF51wDjM

Delegating step-by-step

Tezos is a public, open-source blockchain protocol relying on low power consumption and energy-efficient consensus. The protocol also incorporates a self-amending governance system, which allows continuous improvements while preserving the integrity of this consensus. To achieve its consensus, Tezos uses Liquid Proof of Stake.

If you are interested in staking over 100 000 XTZ, please email us or book a call with our Tezos Blockchain Manager to discuss advantages for prime customers.

Why delegate Tezos with baker Everstake?

Delegating XTZ with baker Everstake will help you to increase your yields. Tezos Delegated Proof of Stake blockchain network requires a high-end node setup, with powerful hardware, well-maintained software, and a stable and fast Internet connection. Any of these factors contribute to the yields, and if something is far from perfect, you will end up in losses. Everstake is on guard of making Tezos staking hassle-free. We have a highly experienced engineering team with hands-on expertise in PoS staking spanning from its very beginning.

Delegation Guides via:

AirGap Wallet

Atomex Wallet

Atomex Web Wallet

Atomic Wallet

Cool Wallet

Exodus Wallet

Galleon Wallet

Galleon Mobile Wallet

imToken Wallet

Kukai Wallet

Ledger Live

Plenty Wallet

Temple Web Wallet

Temple Mobile Wallet

Trust Wallet



faq

What is Tezos?

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Tezos is a blockchain that provides institutional-grade security, is energy efficient, brings endlessly upgradable, and is powerfully scalable. Known widely as a self-amending blockchain, Tezos is a layer-1 blockchain that was founded in August 2014 by Arthur and Kathleen Breitman, who published a Tezos position paper.

The Tezos initial coin offering (ICO) launched on July 1, 2017, and the two-week sale managed to raise ~$232 million in Bitcoin ($BTC) and Ethereum ($ETH), exceeding the project's target of $20 million. It was the largest ICO at the time.

Tezos employs a Liquide Proof-of-Stake consensus mechanism designed to maximize the decentralization of governance and encourage participation among XTZ holders of all sizes.

Tezos is also fundamentally designed to provide code safety through Formal Verification.

What is Tezos delegation?

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XTZ delegation is a process of selecting one of the block-producing nodes by freezing a part of your assets as a part of their staking balance. In return, you get a share of the block production income.

Is it secure to delegate Tezos?

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Absolutely! Once delegated, your stake physically remains in your wallet. That means delegators have full control of the assets anytime. 

Plus, Tezos has a slashing mechanism which is a risk for Tezos bakers, that’s why it is important to carefully choose a baker. 

Not revealing nonces and double signing are punishable. If a validator does not reveal its nonce by the end of the cycle, it does not receive its endorsing rewards. If a validator double signs, that is, it double bakes (which means signing different blocks at the same level and same round) or it double (pre)endorses (which means voting on two different proposals at the same level and round), a part of the frozen deposit is slashed. The slashed amount for double baking is 640 tez. The slashed amount for double (pre)endorsing is a fixed percentage of 1/2 of the frozen amount. 

The Tezos network freezes Security Deposits from the baker's own funds: 10% of the stake at the beginning of each cycle (68 hours). If a baker tries to sign a block twice and receives a reward, the protocol will take away the Security Deposits. The network unfreezes the security deposit after 5 cycles (14 days).

If a baker does not have enough funds to make the security deposit for the next cycle, they and their delegates miss their turn and lose profits. This is called over-delegation. 

How to delegate Tezos?

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Delegating Tezos with Everstake is an easy feat. Note that after the Babylon update staking via KT addresses is not supported anymore. To start delegating your XTZ, you have to use an ordinary TZ address. Choose the desired wallet for staking, such as Exodus, Kukai, Temple wallets, or any other, and delegate your XTZ to Everstake. Your cryptocurrency remains physically in your wallet, and you get rewarded for staking!

You can check our detailed staking guides above.

What is the profitability of staking?

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Staking Tezos allows delegators to earn a passive income of up to 6% per year by actively participating in the validating of transactions on the network.

First Tezos payment

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Delegator starts producing rewards in ~23 days. Let’s have a closer look, at why it takes so long to process the delegation.

You’ve successfully delegated your funds to the baker, but your rights are not transferred yet. This delay is required to prevent the network from some forms of abuse. The Pending status has started and it takes 2 cycles (or ~6 days) to complete. The next stage is the Confirmation stage which takes 5 cycles (or ~14 days) means that your delegation is confirmed and the baker received future baking rights (to produce and endorse future blocks). And then you should wait for a cycle to end for your first payout. So, it looks like this: 2 cycles (pending period) + 5 cycles (confirmation period) + 1 cycle = ~23 days

Can I lose my Tezos? Is there a risk of losing my funds?

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You can’t lose your Tezos while delegating. Just remember:

- Never share your seed phrase.

- Beware of advertising suspicious links.

- Download applications only from links on official websites.

What is a cycle

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Blocks in Tezos are Grouped into Cycles, every Cycle contains 8192 blocks.1 cycle = 8192 blocks = 4096 minutes (each block every ~30 seconds) = ~2.8 days.

What is baker commission/fee?

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These are the service fees that Everstake and other bakers charge to each account using the staking service. 

The fee is taken from the rewards. It's already included in ROI. The fee isn't taken from the funds staked by the delegators. 

Which wallets are secure for storing and delegating ?

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All wallets are safe for staking. However, if you want 100% security, you need to connect the Ledger. For example, you can connect a Temple wallet or Kukai wallet to a Ledger.

You can also stake directly through the Ledger or Trezor.

Difference between delegation and baking

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Baking is how staking is known on the Tezos. It is the act of signing and publishing blocks to the Tezos blockchain by bakers (validators)

Delegation is when you give your baking rights to a baker.

Who controls the delegator’s funds after the delegation was initiated?

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Delegation does not transfer ownership of coins. Hence bakers cannot spend or control the Tez delegated to them, ensuring that bakers cannot appropriate the delegators' funds.

So, the only one who can control your XTZ is you.

What is overdelegation?

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Overdelegation it’s when the baker does not have sufficient funds relative to its stake. However, they do not miss the acquired slots because of a lack of security deposit and thus will not slow down the chain anymore.

The over-delegated baker will not maximize its staking power, since more Tez are delegated compared to what it should own (at least 10% of the total staking balance).

Do I need to claim my rewards? Is there compounding?

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In Tezos, delegators' rewards are automatically compounded, so you don't need to re-delegate your rewards.

How to add more XTZ to delegation?

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You need to add funds to your account, and your assets will be automatically staked with your Baker. Note that it takes 23 days for your rewards to increase as it takes time for your new delegation to start generating revenue.

What is the reward frequency?

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Delegators' first reward is in 23 days, but further reward frequency is every cycle (every 3 days).

Is it possible to delegate a portion of the xtz?

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In the Tezos, it's impossible to divide the delegation. This means that you stake your address. If you want to divide your delegation, you need to create different addresses.

However, some wallets, such as Temple Wallet and Kukai Wallet, allow you to create multiple addresses in one wallet that you can use for different purposes.

Are there unstaking period? Are my tokens locked after the delegation?

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No, there is no unstaking period in the Tezos network and your XTZ will be transferable immediately upon unstaking.

If you want to withdraw funds, they will arrive with a delay of 5 cycles. It's the same with a restake. Thus, when the delegator withdraws staked XTZ (this can be done without delay), the delegator is still rewarded, and therefore additional funds can be received.

Is there a minimum staking amount for staking?

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No, there is no exact minimum amount of XTZ required to stake. This minimum is very tiny. But some bakers can set their minimum. Everstake has a minimum amount of 0.0001 XTZ.

What is the tezos inflation rate?

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The current inflation rate for Tezos is 4.87%.

Where I can check my payouts?

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You can check your payouts directly in the Wallet where you stake your XTZ or within Tezos Explorers. Or in Tezos Staking Rewards Auditor - Baking Bad.

Tezos explorers

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TzKT - Tezos blockchain explorer

TzStats - Tezos blockchain explorer

Better Call Dev - Smart Contract Explorer

SmartPy - Contract Explorer

Baking Bad - Delegation Explorer

Tezos nodes - Services that monitor nodes' performance in Tezos

Where to buy Tezos?

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You can buy Tezos with a credit or debit card on a crypto exchange like Coinbase or Coinmama. 

A list of exchanges where you can buy Tezos is here.

I have a question. Where I can get help?

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If you have any questions you can ask us via e-mail, Discord, and Twitter.

Contact us

Have questions?
We’re always there to answer!

Our distributed team of 20+ community managers is online 24/7 and is ready to assist you.