What is Vara?
The Vara Network is a substrate-based smart contract platform known for its speed, scalability, and forward-looking design. It is prominently recognized as the first stand-alone network within the Gear Protocol framework, which is geared towards the creation and deployment of decentralized applications (dApps).
How often are staking rewards distributed?
Rewards on the Vara network are distributed at the end of each era, which lasts 12 hours.
Is there an unstaking period?
There is a 7 days lock-out period for unstaking during which you will not receive staking rewards.
Is there a slashing risk for validators?
Yes, there is a slashing risk if a validator acts maliciously or negligently, such as through equivocation (double-signing), unresponsiveness, or producing an invalid block.
Is there a minimum staking amount for Vara?
The minimum self-stake required for a validator is 50 VARA, but the actual amount may be significantly higher due to competition.
Do staking rewards compound?
The Vara network offers the option to compound staking rewards, where the rewards are automatically re-staked and bonded.
What is the Vara inflation rate?
The maximum inflation rate in the first year is 6.00%, which gradually decreases to a minimum of 3–4% beyond the fifth year.
For more information on staking Vara (VARA) with P2P.org, visit https://p2p.org/networks/vara.
For additional staking support, visit the P2P VARA Help Centre.
You can also get in contact with a live agent by selecting the speech bubble at the bottom right of this page, sending a message to the Telegram bot, or emailing [email protected].