Mina is a decentralized proof-of-stake blockchain with a constant-sized chain of ~22kb, which is possible due to utilising zero knowledge proofs.
Such a small size allows anyone to synchronise the chain almost instantly making participation in consensus quick and efficient.
Developers will be able to build SNARK-powered applications, Snapps, on top and empower privacy and data security features and users will be able to control their personal information through sharing proofs instead of the data itself.
Current State & Market Potential
Mina Protocol was successfully launched on mainnet on March 23, 2021, after more than two years of continuous research and development.
The problem of personal data has become more relevant than ever. According to CSIS, two-thirds of people online suffered from bad actors resulting in leaks of personal data. Adding to this, more than 290 million identities were compromised in 2020 alone.
Giving up the right to verify data by a single third party leads to the risk of giving it to the wrong entities. Through being a light-weight protocol, Mina allows anyone to run a node, increasing the number of participants who add up to the decentralization at lower cost of operating an infrastructure.
For example, current Bitcoin chain size is over 320Gb while Mina would allow full node security with just ~22kb of data, by utilizing recursive zk-SNARKs (a type of zero knowledge proof), eliminating the requirement for nodes to store the whole chain state.
Mina native token is a staking unit serving the purpose of securing the network and incentivizing nodes to provide their services. Transaction fees are also denominated in the native MINA token, as well as SNARKs, which are necessary to maintain the lightness of the Mina blockchain.
There will be a MINA public sale via Coinlist on 13th of April. To acquire tokens you should register in advance and await further instructions.
Staking Economics
Mina currently uses Ouroboros Samasika consensus. Block producers for a particular epoch (~14d 21h) are selected using verifiable random function and chances to win a slot are proportional to the delegated stake.
During the first year, block rewards will target an annual inflation of 12% decreasing down to 7% after 2 years. Each successfully produced block contains a coinbase (reward for producing the block), which is currently equal to 720 MINA. If the account that has won a slot has no locked up tokens on a balance (e.g. users who purchase tokens from the Coinlist sale), the block coinbase will be supercharged resulting in a double reward. Supercharged rewards are in place for the first 15 months of mainnet.
Holders can delegate their funds in a non-custodial manner to earn a share of rewards in proportion to their stake. Staking since the beginning of the mainnet will result in higher returns for delegators.
We encourage delegators with locked tokens to transfer rewards to a separate fresh address and stake from there to increase the chances of a supercharged coinbase.
Slashing Risks
There is no risk of slashing due to the specifics of Ouroboros consensus family. Nevertheless, in order to receive a reward a block producer must be online at a given time slot.
Want to stake Mina with us? Visit p2p.org/mina to find out more about Mina staking and our special offer.
If you have any questions, feel free to join our Telegram chat, we are always open for communication.
Special thank you to Emre Tekişalp for the contributions to this article.
About P2P Validator
P2P Validator is a world-leading non-custodial staking provider securing more than $3 billion in staked assets by over 10,000 delegators across 25+ high-class networks. P2P Validator is an early genesis member and one of the early seed peer providers. We have been participating in Mina since the first testnet and intended to support Mina in the long term.
<p><em>This simple guide will walk you through the steps of staking your Regen Network (REGEN) tokens using the Keplr wallet extension and/or Ledger wallet.</em></p><hr><p><a href="https://www.regen.network/?ref=p2p.org">Regen Network</a> is a network to enhance regenerative land management through an improved alignment of economic incentives. </p><p>Regen is a PoS network, meaning contributors can stake their REGEN tokens to contribute to the security of the network and earn staking rewards in the process of doing so. </p><h3 id="how-to-stake-regen">How to stake REGEN</h3><p>1) Visit <a href="https://wallet.keplr.app/?ref=p2p.org">wallet.keplr.app</a> using your Chrome browser, where you will be asked to connect your Keplr extension.</p><p>If you have registered the Regen Network address with Ledger, make sure that your firmware is up to date. To check, unlock your Ledger hardware wallet and open the Cosmos application.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/unlock-your-Keplr-account.PNG" class="kg-image" alt loading="lazy" width="1866" height="786" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/unlock-your-Keplr-account.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/unlock-your-Keplr-account.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/unlock-your-Keplr-account.PNG 1600w, https://p2p.org/economy/content/images/2021/04/unlock-your-Keplr-account.PNG 1866w" sizes="(min-width: 720px) 720px"></figure><p>2) Login to your Keplr account. If you have multiple accounts click on the extension icon in the top right corner and select the account you used for Regen address registration.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/2.PNG" class="kg-image" alt loading="lazy" width="1860" height="959" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/2.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/2.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/2.PNG 1600w, https://p2p.org/economy/content/images/2021/04/2.PNG 1860w" sizes="(min-width: 720px) 720px"></figure><p>3) Navigate to the Regen Network.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/3.PNG" class="kg-image" alt loading="lazy" width="1893" height="964" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/3.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/3.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/3.PNG 1600w, https://p2p.org/economy/content/images/2021/04/3.PNG 1893w" sizes="(min-width: 720px) 720px"></figure><p>4) Press the <strong>Stake</strong> button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/4.PNG" class="kg-image" alt loading="lazy" width="1890" height="903" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/4.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/4.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/4.PNG 1600w, https://p2p.org/economy/content/images/2021/04/4.PNG 1890w" sizes="(min-width: 720px) 720px"></figure><p>5) On the Keplr dashboard, select P2P as the validator and click <strong>Manage.</strong></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/5.PNG" class="kg-image" alt loading="lazy" width="1893" height="909" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/5.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/5.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/5.PNG 1600w, https://p2p.org/economy/content/images/2021/04/5.PNG 1893w" sizes="(min-width: 720px) 720px"></figure><p>6) Click <strong>Delegate.</strong></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/6.PNG" class="kg-image" alt loading="lazy" width="1912" height="910" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/6.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/6.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/6.PNG 1600w, https://p2p.org/economy/content/images/2021/04/6.PNG 1912w" sizes="(min-width: 720px) 720px"></figure><p>7) Specify the amount of REGEN to stake and press <strong>Delegate</strong>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/7.PNG" class="kg-image" alt loading="lazy" width="1915" height="910" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/7.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/7.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/7.PNG 1600w, https://p2p.org/economy/content/images/2021/04/7.PNG 1915w" sizes="(min-width: 720px) 720px"></figure><p>8) Select the transaction speed and approve it - wait for a confirmation.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/8.PNG" class="kg-image" alt loading="lazy" width="1906" height="912" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/8.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/8.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/8.PNG 1600w, https://p2p.org/economy/content/images/2021/04/8.PNG 1906w" sizes="(min-width: 720px) 720px"></figure><p>Congratulations, you have successfully delegated your REGEN tokens. This contributes to the security of the Regen Network and allows you to earn staking rewards in the process. Staking rewards are accrued in real time and should be claimed manually to re-stake achieving compounding effect.</p><hr><p><em>Do you have issues with REGEN staking? Join our</em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em> Telegram</em></a><em>, and we can help you get set up as a delegator. </em></p><hr><h2 id="about-p2p-validator"><strong>About P2P Validator</strong></h2><p>P2P Validator is a world-leading staking provider with the best industry security practices and proven expertise. <strong>At the time of the latest update, over $3 billion of USD value is staked with P2P Validator by more than 10,000 delegators across 25+ networks</strong>. Our infrastructure is under advanced monitoring with alerts and 24/7 technical support making it the best choice for institutional investors. We have been involved in Regen Network testnets and invested own funds intending to provide long term support.</p><hr><p><strong>Web:</strong><a href="https://p2p.org/?ref=p2p.org"> p2p.org</a><br><strong>Twitter:</strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a><br><strong>LinkedIn:</strong><a href="https://www.linkedin.com/company/p2p-org/?ref=p2p.org"><strong> </strong>LinkedIn.com/company/p2p-org</a><br><strong>Telegram:</strong><a href="https://t.me/P2Pstaking?ref=p2p.org"><strong> </strong>t.me/P2Pstaking</a></p>
<p>The following is a step-by-step guide to transferring MPONDs earned in FlowMint stakedrop from Matic to Ethereum, and staking them using the Marlin network for an approximate APR of 10-12%.</p><h3 id="adding-mpond-to-metamask">Adding MPOND to MetaMask</h3><ol><li>To begin, you must <a href="https://p2p.org/economy/how-to-claim-mpond-during-flowmint-stakedrop/">harvest your MPOND</a> from FlowMint stakedrop.</li><li>To see your MPONDs on the MetaMask on Matic, add the MPOND token as a Custom Token in the MetaMask settings. To do so, navigate to MetaMask, click 'Add Token' and input the contract code below:</li></ol><p> MPOND contract - <strong>0x27B064fE4B708fDa0fD0C4ff2b78a1e4DAB812D1</strong>.</p><h3 id="transferring-mpond-from-matic-to-metamask">Transferring MPOND from Matic to MetaMask</h3><ol><li>To begin the process, go to <a href="https://wallet.matic.network/bridge?ref=p2p.org">wallet.matic.network/bridge</a> and connect your MetaMask using the Matic Network add-in.</li></ol><p>When prompted, select the following options:</p><ul><li><em>From Matic to Ethereum</em></li><li><em>Transfer Mode: PoS Bridge</em></li><li><em>Token: Marlin (Mpond)</em></li></ul><p>After configuring details, press Transfer.</p><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/-EPHar6mXzR9g4b_aUHtuwoYeNopbVCum-9xgKtG2oYHAogiNDx8kA39im7CPhDp08P9uywP7hMABMUWXYT2hyes8q2Xk-PUmsUW4ZsiWhdvCi4vXVUY4KfcZCBREuevG0iAeT57" class="kg-image" alt loading="lazy"></figure><p><br>After pressing transfer you will be prompted with a transaction overview screens. Press continue as in the screenshots pictured below. </p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-2.png" class="kg-image" alt loading="lazy" width="2000" height="915" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-2.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-2.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>After confirming the transaction, you have to wait for the initialisation process. You can see the transaction status in the upper right corner. After a successful confirmation, you will pay fee in MATIC.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-1.png" class="kg-image" alt loading="lazy" width="2000" height="774" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-1.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-1.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Once the "Checkpoint" has arrived [see image on the right above], switch the network in the MetaMask settings from Matic to Ethereum and click Continue.</p><p>Sign the transaction on the Ethereum network to initiate the withdrawal of MPOND tokens from Matic to Ethereum.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-3.png" class="kg-image" alt loading="lazy" width="2000" height="1072" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-3.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-3.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>After the transaction is signed, you will receive the MPOND tokens on the Ethereum network. To see the MPOND token in Metamask, use the MPOND contract address on the Ethereum network. </p><p>MPOND contract address: 0x1C77d15857646687005dbbAfFf5873F4495a9731</p><p>Now you can stake your MPOND tokens! </p><p>Use the following tutorial to <a href="https://p2p.org/economy/stake-pond-with-marlin/">stake your POND/MPOND tokens with P2P Validator</a>.</p><hr><p><strong><strong>If you have any questions, </strong>please stop by the<strong> </strong><a href="https://t.me/P2Pstaking?ref=p2p.org">P2P T<strong>elegram</strong></a>.</strong></p><hr><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p>P2P Validator is a world-leading non-custodial staking provider securing more than $3.2 billion from over 10,000 delegators across 25+ high-class staking networks. </p><h3 id="learn-more-">Learn more:</h3><p><strong>Web</strong>: <a href="https://p2p.org/?utm_source=blog&utm_campaign=sol_guide">p2p.org</a><br><strong>Twitter</strong>: <a href="https://twitter.com/P2Pvalidator?ref=p2p.org">@p2pvalidator</a><br><strong>LinkedIn</strong>: <a href="https://www.linkedin.com/company/p2p-org/?ref=p2p.org">linkedin.com/company/p2p-org</a><br><strong>Telegram</strong>: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a></p>
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