Start by downloading our Desktop app, here. In order to set up a validator using the app, you will need a cloud account, crypto wallet and 32ETH. The entire process is easy and seamless, just use the in-app walkthrough and start staking in no time.
32ETH is the current minimum staking amount. In the future, we will introduce non-custodial staking pools and a lower minimum deposit.
The fundamental principle behind Blox is that you alone retain control over your ETH and private keys, and that no vulnerabilities exist that would allow a third party to gain access to them. Notably, seed generation is completed locally and your validator key is segregated and protected in a remote signer that is solely accessible by you. We also guarantee optimal connectivity to the blockchain, and include slashing protection to avoid penalties and maximize your ETH returns. Learn more, here.
We aim to keep our attestation success rate at 99.9%.
Yes, every time a new staker sends their ETH to the deposit smart contract, the yearly fee will automatically be used to purchase CDT tokens in the open market and burn them. The model will be implemented as soon as Eth2 Phase 0 is launched.
CDT usage will be rolled out in 2 phases; CDT will be burnt against staker’s annual fee payment. For every $1 collected in fees, 1$CDT will be automatically purchased in the market and burnt. In the future, CDT 2 will serve as a native token in Blox’s decentralized staking pools. Block producers will secure the network and enforce a governance layer while being incentivized with CDT 2 rewards for performing their assigned duties.
Yes, Blox.io has created, and is operating 2 different products; Blox Finance and Blox Staking.
Validator fees are denominated in USD, but paid using ETH. Regardless of ETH price fluctuation, the cost of staking with Blox is fixed at $180 USD/validator.
Payment is made in ETH, however the price is denominated in USD. This means that the purchase amount in ETH will depend on its value in USD at the time of purchase.
There is an incremental 10% discount applied starting at the 6th validator. As an example, the pricing structure to create 20 validators looks like this:
validators 1-5: $180 each → $900
validators 6-10: $162 each → $810
validators 11-15: $145.8 each → $729
validators 15-20 = $131.2 each → $656
Total for 20 validators = $900 + $810 +$729 + $656 = $3095
And so on and so forth.
Payment is due upon validator set up. Your validator will be activated once payment is made.
After transfers are available in phase 1.5 OR after 2 years after you’ve activated your validator (whichever happens first), the fee per validator will be $180/year. In the case that you created a validator in the months leading up to transfers in phase 1.5, you will not be charged again until a year has passed since you activated your validator. For example, a validator activated 1 month before transfers are available will have 11 months remaining on their subscription before renewal.
The fee is purchased in ETH and automatically converted into CDT. For every $1 collected in validator fees, $1CDT will be automatically executed via decentralized exchanges and then burnt. In short, you pay with ETH, at a fixed dollar amount.