Celo is a Proof of Stake blockchain with smart contracts. The technology uses a phone-number-based identity system with address-based encryption and eigentrust-based reputation. Their first application, Valora, is a social payments system that can be used on a smartphone. The native Celo token (CELO) is the utility token on the Celo network. CELO are used to pay for transactions and are also staked by token-holders to earn rewards, participate in governance, and to vote for validators.
Market Cap
Staking Rewards Rate
| Price | $0.45 |
| Percentage of Total Supply Staked | 48.22% |
| Auto-Compounding | Yes |
| Reward Frequency | Per Epoch |
| Unbonding Period | 3 Days |
| Slashing Penalties Enabled | Yes |
Go to https://celowallet.app/setup. The first thing you need to do is create a wallet. Download and store the passphrase. If you already have a Celo account, you can use the Ledger wallet app to import a new address.
Market Cap
Staking Rewards Rate
| Price | $0.45 |
| Percentage of Total Supply Staked | 48.22% |
| Auto-Compounding | Yes |
| Reward Frequency | Per Epoch |
| Unbonding Period | 3 Days |
| Slashing Penalties Enabled | Yes |
Estimated staking information, Market Cap and SRR (Staking Rewards Rate). Data is approximate and subject to change.
Figment clients benefit from our engineering and protocol expertise to earn consistent staking rewards via our safety over liveness approach.
Manage your staking positions, view detailed and comprehensive rewards statements, analyze data on protocol wide and validator specific performance, and interact with blockchains with our Staking and Rewards APIs.
Off-the-shelf coverage for Figment customers to help offset the risk of slashing, downtime, and missed rewards backed by insurance and Figment’s balance sheet.
Celo’s native token, CELO, is used for staking and participating in on-chain governance.
The baseline reward estimate is about 6% annually. This baseline reward amount for stakers will decrease when more of the CELO supply is staked, and decrease when less of the supply is staked. If the validator group you vote for has perfect performance, you can expect to earn 100% of your rewards. If members of your validator group experience downtime, you will earn fewer rewards. This amount will decrease rapidly the longer that validator members are offline. Delegators are directly compensated by the protocol. Validators do not have a comission. This also means that delegators do no have tokens taken away from them when validators are slashed.
If you’re staking CELO, you’ll be rewarded in CELO about once per day (epoch). The rewards automatically get compounded (restaked) unless the you decide to unlock a portion or all of your staked amount. Validators get rewarded in Celo Dollar tokens (cUSD) once per epoch (roughly each day, initially). Validator group owners can take a commission of these rewards.
Stakers are not exposed to slashing, only validators and validator group owners can be slashed.
The target curve of remaining epoch rewards declines linearly over 15 years of 50%, and then will decay exponentially. Actual rewards paid out at the end of an epoch is the multiplication of the on-target rewards with a rewards multiplier. This factor mointors the remaining epoch rewards and the target epoch rewards to ensure that the target release schedule is achieved.
Figment has partnerships with a number of top-in-class custodians. Please contact sales@figment.io for more inquiries.
Celo uses on-chain governance where one token represents one vote. This means that any use with locked CELO can particiate in the process. Delegators can vote on Celo terminal, the native interface for transacting on Celo or by going to celo.staked.id. Discussions on governance proposals happen on the forum before being introduced on-chain.
The 30% of tokens at launch were set aside for staking rewards and delegators will continue to earn inflationary rewards until 2050. After this date, the rewards will be created from transaction fees on the network. Depending on the adoption rate of this network, rewards will vary.
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