Question 1

What is validating?

Accepted Answer

Validators provide the technical abilities to be able to offer a secure and stable infrastructure.   Validators create new blocks on Centrifuge.

Question 2

What is staking/nominating?

Accepted Answer

Not everyone has the know-how, time or ability to be a validator, however token holders can bond a portion of their CFG tokens in order to nominate a validator.    Nominating is the equivalent of staking.

Question 3

Why should you stake/nominate?

Accepted Answer

When you bond tokens to nominate a validator, you are helping to secure the network and you will receive rewards for your assistance.    Your tokens will always remain your property and Staking4All cannot move your tokens anywhere.

Question 4

Can you 'unstake'/'un-nominate'?

Accepted Answer

Yes, you can 'unstake' your tokens at any time. The unstaking process involves that you stop nominating and then unbond your tokens. It takes 7 days for your tokens to unbond and become transferrable.   You can adjust your nominations and select other validators without needing to unbond tokens.

Question 5

How do you stake/nominate?

Accepted Answer

You can go to the Centrifuge explorer to stake/nominate.   You can view our video above for a step-by-step guide on how to stake.

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