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RE: Making VSC Staking Easier (and Safer!) with a Simple Tool
How does staking work on VSC? The transaction doesn't do anything on layer 1 (except for a custom JSON). I don't get it.
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You are viewing a single comment's thread:
How does staking work on VSC? The transaction doesn't do anything on layer 1 (except for a custom JSON). I don't get it.
Good question for @vaultec !
The transaction is executed on the VSC L2. You'll need to have balance on VSC in order for the staking operation to work. This is consensus staking so it is locking up Hive to participate in VSC consensus. We also support HBD staking which earns 15% APR while still being transferable
Ok, so I guess that before executing the staking operation, a transfer to a separate account needs to take place for it to be valid on the L2, correct?
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