Sorry if this has been asked before but with staking in the wallet, does the wallet have to be online all the time? is the reward proportional to the uptime? what proportion of the month is required to qualify for block reward?
Thanks
Hi Variant65, not a problem. The wallet does need to be up all the time and staking for staking reward. The reward is proportional to the number of coins being staked for that block.
Thank you, so the reward is paid per block? ie every minute? so the monthly reward would then be proportional to the uptime, correct?
Oh, the CRISP monthly interest doesn't require staking or uptime. You will get that even if you store your DNotes offline in cold storage.
You receive 0.5% of your coins monthly on coins that remain at the same address for the CRISP period (every 30 days).
Additionally there is a staking reward, for active stakers on a block by block basis. The block reward is 2% of total coins yearly, but calculated each block. Currently the block reward is roughly 5.9 DNotes per block with roughly 53 million being staked. So your reward at this rate would be more like 6+% yearly and compounding.