After over three months of adversarial and stability testing on Findora Anvil Testnet, staking and delegation is now live on Findora Mainnet Beta through the release of Findora v0.2.0.
Staking on Findora
The Findora v0.2.0 release on Findora Mainnet Beta includes support for staking, delegation, and a major refactoring of existing code. Findora v0.2.0 has undergone extensive testing on Anvil testnet through the Findora Frontier staking incentive program where 75 validators from all over the world were invited to help test the latest release. In addition to the incentivized Findora Frontier validators, dozens more freely contributed by running validator nodes to support the testing.
Validators on Findora Mainnet Beta can contribute to consensus, participate in future governance, and act as stewards of the organic evolution of the Findora public network. Validators can algorithmically earn block rewards for proposing and signing blocks on Findora as part of the consensus process. For example, if the percentage of circulating supply staked is 2%, then the Findora network will distribute an annualized 268% rewards rate to incentivize more FRA holders to stake.
As part of the Findora tokenomic design in addition to validators being rewarded for good behavior by participating in consensus, the Findora PoS implementation also punishes validators for bad behavior such as double signing, and validator downtime. The “slashing” penalty protects the Findora public network from adversarial attacks.
The Findora public blockchain is completely permissionless, meaning anyone can operate a validator and contribute to consensus. No special permission or authorization from anyone is needed to operate a Findora validator on Testnet or Mainnet Beta.
Delegating on Findora
With the v0.2.0 release on Findora Mainnet Beta, FRA token holders can now elect to delegate their stake directly to other validators to support the public network without technically running a validator. Delegators can share rewards with validators based on fee splits determined by each validator in their discretion. Delegators can set up, and manage their delegation via the Findora reference wallet, or any other platform that supports delegation on Findora.
Get Involved
If you are a validator operator that is interested in staking on Findora Mainnet Beta, or a developer interested in building on Findora, then you can start by reading the documentation, joining the Discord channel and applying for a grant through the Findora Foundation website.
About Findora
Findora is a Layer-1 protocol delivering zero-knowledge solutions to Web3.
Findora integrates two ledgers into a single chain: an EVM ledger for interoperability and a UXTO ledger optimized for zk operations. This dual-layer architecture lets Findora encrypt blockchain data for programmable transparency and public use. By providing new use cases, Findora’s zk tech prepares Web3 for real-world adoption.
We appreciate our developers and would love to onboard you to the Findora ecosystem! Please reach out, and join our social channels for more.
