Tutorial - How to stake my BNC and earn rewards?

Bifrost has completed the mainnet Collator upgrade at 10am GMT on March 22, and has now launched Collator mainnet access and $BNC staking! See more collator and delegator parameters in Bifrost Wiki.

If you have a technical foundation, you are welcome to register for Collator directly and participate in the active Collator campaign. If you only want to participate in BNC Staking, please refer to the video below to understand the operation from swap to delegating :)

FAQ

1. How to choose a Collator?

Delegator can choose a Collator to entrust according to his/her node operation configuration + BNC ( Testnet ) bonding+ node operation stability, etc

2. What’s the maximum of Collators number?

There is no upper limit for Collator candidates. Anyone who meets the technical configuration and bonding quantity is eligible to register Collator. However, we set the number of active collectors with block qualification. At the beginning, we set it as 16, and gradually increase the number of active collators at an appropriate time according to the operation situation until the maximum number 64.

3. What are the minimum requirements for becoming a Collator?

Technically, you need to meet the minimum node configuration. In addition, you also need to register node session key and meet the conditions of minimum self bonding quantity and minimum total bonding quantity.

4. Where can you check your BNC staking reward?

Log in to the Bifrost Collator, and you can see the daily Staking reward in the upper right corner. Click “recent staking reward” below to view each round of BNC rewards.

What is Bifrost

Bifrost is a Web 3.0 infrastructure that provides cross-chain liquid staking, providing decentralized, cross-chain liquid staking services for multiple chains through the Cross-Chain Communication Protocol (XCMP).

Bifrost’s mission is to provide standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains, and heterogeneous public chains bridged with Polkadot by aggregating over 80% of PoS consensus chains’ staking liquidity through cross-chain derivatives, lowering users’ staking threshold, increasing multi-chain staking ratio, and improving ecological application revenue base, creating a positive cycle of StakeFi ecosystem with three-way empowerment of users, multi-chains, and ecological applications.

Bifrost has received millions of dollars of funding from NGC, SNZ, DFG, CMS and other institutions and Web3 Foundation Grant, and is also a member of Substrate Builder’s Program and Web3.0 Bootcamp.