The Baker’s Info Kit
As part of wrapping XTZ, users will be able to delegate their vault to a Baker of their choice. Many XTZ holders will want to continue their relationship with their existing Baker, and we are providing this information so that you can support these users, and successfully interact with the wXTZ contract when you send users their rewards.
Rewards payout fees:
Bakers should be aware that staking done through the wXTZ contracts will increase reward payout fees. This is because the wXTZ smart contracts execute code upon receiving rewards.
Additionally, Bakers should be aware that the StakerDAO governance model may upgrade wXTZ smart contracts from time to time which may change payout fees. Therefore hardcoding fees is not recommended.
Bakers should contact the distributors of their reward distribution software to better understand the options available to them. StakerDAO is in conversations with Tezos Rewards Distributor (TRD) to support this functionality out of the box.
Not Recommended:
If you’d like to hardcode fees to payout vaults, we recommend the following parameters for maximum safety:
- Fee: 0.018000 XTZ (18000 Mutez)
- Gas Limit: 150,000 units
Storage Limit: 10 bytes
We invite you to join our wXTZ webinar — Jan 26, 10am PST.
Join StakerDAO and Stove Labs in this webinar to learn more about wXTZ, how it works, and its use cases.
During this webinar, we will also have live demos of wXTZ in:
- Galleon Wallet Demo
- Vault Manager by Stove Labs
- wXTZ on DEXter
Join our community or visit wXTZ Docs and FAQ to learn more about wXTZ.
Stay tuned to more StakerDAO news
Telegram channel: @stakercommunity
Twitter: StakerDAO
Reddit: r/Staker_Governance
LinkedIn: @StakerDao
YouTube: StakerDAO
