Findora Foundation
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Findora Foundation

💡 Findora Validator x Grantee Spotlight💡: Smart Stake — a performance and analytics dashboard for Findora Validators

Validator Spotlight showcases the great teams working to guarantee the security and decentralization of the Findora blockchain. 💡Grantee Spotlight highlights core contributors building impactful tools in the Findora ecosystem.

With up to 20% of FRA total supply ($105.6M at the time of launch) allocated as part of a multi-year community-led commitment, the Findora Ecosystem Fund is dedicated to support Findora ecosystem research, development, infrastructure, and liquidity projects building upon Findora’s privacy-preserving technology.

Developers and validators can apply for grants via the Findora Foundation website to help seed their ideas and accelerate their growth. The Findora community will be able to vote on which projects get funded through a governance process administered by a DAO.

Apply for a Findora Grant or write to grants@findora.org.

Tell us about SmartStake

Smart Stake provides staking validation services for Proof of Stake (PoS) and Delegated Proof-of-Stake (DPoS) blockchains. We provide a transparent, reliable, and feature rich staking service. Smart Stake is all about enhancing the ecosystem of the blockchains where we provide validation services. Staking is a very engaging activity for all participants of the network. The high degree of involvement by all community members means that there are always questions around various aspects that are generally not thought of earlier or are not first class features of the network’s staking dashboards. We saw that the community & validators struggled with answering basic aspects around performance and returns. Smart Stake builds analytical tools to augment the features offered by other tools and provide a way to answer commonly asked questions.

What should we know about the SmartStake team?

Smart Stake is based in Canada and founded by an IT professional with 20+ years of experience in enterprise software development. BigB is the sole operator of the validator service and the delegates are supported by a team of community managers on Telegram.

What makes your dashboard stand out from the rest?

Staking is a long term game. Delegates must be provided with ways to assess validators on several different ways including long term historical performance statistics. Findora Analytics dashboard @ findora.smartstake.io provides exactly those features to delegates with customizable views for comparison.

https://twitter.com/SmartStake/status/1464032574381121537
https://twitter.com/SmartStake/status/1464032574381121537

Why was Findora an appealing destination for Smart Stake?

Smart Stake participates in networks that offer distinctive features, have good fundamentals, have reasonable transparency, and a solid experienced team. Privacy features on public blockchains opens the doors for many exciting use cases and enterprise adoption. Looking forward to Findora gaining widespread adoption.

Where can the Findora Community learn more about Smart Stake?

SmartStake.io is a good place to start to learn more about Smart Stake. We encourage the community to have 1–1 conversations with validators to understand more about their offering before staking. Smart Stake support is available on Telegram at t.me/SmartStake. Community can also tag @bigb4ever in Findora Telegram group or at @BigB-SmartStake#5671 in discord. Smart Stake is also reachable on twitter at twitter.com/SmartStake.

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.

How to delegate to Smart Stake Validator?

Setup Findora Wallet

1/ Go to the official Findora Wallet website and download the desktop wallet. Detailed instructions can be found here. Please always make sure you back up the mnemonic / seed phrase of your wallet.

2/ Transfer FRA from an existing Findora wallet to your Findora Address (if you don’t own any FRA, you can buy from a crypto exchange that lists FRA first).

3/ Go to the “STAKE” tab to stake your FRA tokens.

  • Select a validator to delegate your FRA tokens to, you can check detailed info of a validator by clicking on “View” button which directs you to Findorascan.io. You can find Smart Stake in the list (always DYOR before delegating to any validator.)
  • Enter the amount of the FRA tokens you wish to stake. When you click on “Max” remember to reserve a minimum amount of FRA tokens to cover transaction fees

STAKE:

  • By clicking on the “STAKE” button, you agree to immediately bond your FRA tokens with the validator to earn FRA rewards.
  • Please carefully check the validator you choose, your delegated tokens are subject to slashing & penalties.

UNSTAKE:

  • By clicking on the “UNSTAKE” button, you unbond your FRA tokens with the validator.
  • The unbonding period lasts 21 days. FRA that is in the process of being unbonded can not be traded on an exchange or sent to other users.
  • Your FRA tokens are still eligible for the block rewards and slashing risk during the unbonding period.

Useful Links

Go through Findora’s staking model and rewards mechanism before you kickstart your conquest — here’s a list of useful links:

About Findora

Findora is a public blockchain with programmable privacy and full EVM compatibility. Originally conceptualized as a university cryptography research project in 2017, and finally launched to the public in 2021, Findora utilizes the latest breakthroughs in zero-knowledge proofs and multi-party computation, to allow users transactional privacy with selective auditability. For more information, please visit findora.org.

Social Media and Channels

Discord | Twitter | LinkedIn | Website | Medium

Resources

Whitepaper | Github | Newsletter | Testnet

Mainnet

Wallet | Explorer

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