Staking

This wiki is still in progress.

Staking

This wiki is about the development details of staking. please refer to http://docs.iotex.io/docs/ioctl.html#stake-vote for how to use ioctl to stake.

Buckets

A bucket is a collection of IOTX used in stake. Any bucket has the following properties

1. delegate name (whom the IOTX is staked to)
2. duration (in days, how many days the bucket is staked for)
3. Auto-stake (On/Off, if the stake duration stay the same or not)

A bucket has three possible status

1. Ongoing (the bucket is actively staked)
2. Unstaking (user has submitted unstake request after stake duration is over)
3. Ready to withdraw (3 days after unstaking, IOTX in the bucket can be withdrawn)

Also, a bucket is Burndrop eligible if it meets

Duration >= 91 days and Auto-stake is On