Staking

To encourage providers to secure their nodes, they must stake Chroma tokens representing the provider's stake in the Chromia economy. The stake is used as collateral and forfeited when the provider's nodes misbehave.

Currently, anyone can stake Chromia tokens. Staked tokens currently receive a governance reward of 25% annual percentage rate (APR). This rate might change in the future.

The staking contract is deployed on the Ethereum and Binance Smart Chain (BSC) blockchain so users can use existing ERC20 wallets, such as MetaMask, to interact with it.

Currently, all dapps must stake a minimum of 100 Chroma tokens for hosting on the Chromia Testnet.