AirGap — One Transaction Tezos Delegation

Starting with version 2.3.0 of AirGap you can delegate your XTZ to the tezosAirGap baker and earn returns on your staked Tezzies.

AirGap

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AirGap

4 min readMay 14, 2019

Introducing tezosAirGap

We’re excited to introduce the AirGap bakery with the name tezosAirGap tz1MJx9vhaNRSimcuXPK2rW4fLccQnDAnVKJ

tezosAirGap is open for delegations and has a fee of 10%, which means delegators receive 90% of the rewards. From cycle 105–110 we have a special offering with a 5% fee.

The rewards are paid out every cycle, after they are generated and unlocked. For a new delegation the first payout will occur after ~21 days (7 cycles) and for existing delegations it is ~15 days (5 cycles) after the rewards are generated.

How to delegate from AirGap

With this step by step guide we’ll walk you through a delegation with AirGap.

Requirements
This guide does not touch on the setting up of AirGap itself, for this please follow the instructions outlined in the AirGap — the step by step guide. We assume that you’ve already setup your AirGap Vault and AirGap Wallet respectively and have a funded XTZ Account in your AirGap Wallet.

1 ¬ Select Account / 2¬ Delegate / 3 ¬ Vault interaction

1 ¬ Select Tezos Account

Open AirGap Wallet and select your XTZ Account. In the detail screen of your account you can select “Delegate”

2 ¬ Delegate

You’ll be presented by an overview of your delegation and the conditions of the baker. Select “Delegate” again to create the delegation transaction.

Keep in mind if you delegate a new so called kt account is being generated this requires a network fee of 0.265 XTZ which will be burned as well as a small transaction fee. Your full balance will be transferred to this new account.

3 ¬ Vault interaction

Select “offline device” if you’re using the offline approach or “same device” if you’ve installed both apps on the same device.

4 ¬ Transaction QR / 5 ¬ Sign transaction / 6 ¬ Authenticate

4 ¬ Created transaction can now be signed by AirGap Vault

The delegation transaction is now prepared, you need to sign it with AirGap Vault. Scan the transaction QR code if you’re using the offline approach. You’ll be automatically forwarded to the Vault if you’re using the same device approach.

5 ¬ Sign transaction with AirGap Vault

The delegation transaction prepared transaction is now ready to be signed in AirGap Vault.

6 ¬ Unlock the secret

Access the secret in the secure enclave of the AirGap Vault app with your fingerprint, pattern or Face ID.

7 ¬ Signed Transaction

The delegation transaction has been signed with your secret and is ready to be broadcasted. Scan the QR with the AirGap Wallet app or broadcast it on the same device. If you’re using the same device approach you will be automatically forwarded to the AirGap Wallet app.

8 ¬ Confirm transaction in AirGap Wallet to broadcast.

After confirming the transaction in AirGap Wallet it will be broadcasted to the blockchain.

9 ¬ Success!

Your AirGap Tezos Delegation transaction has been broadcasted to the Tezos blockchain.

10 ¬ Delegated!

After a few minutes a new account will be added to AirGap Wallet with the status “delegated” and the full amount you’ve had on your initial address minus the network fees.

You’ll be eligible for a payout after 20 days (7 cycles), from then on you’ll receive a payout of your delegated XTZ every cycle. You can check your status on the “Delegation” page.