Binance Smart Chain Delegator

What's the role of a delegator?

A delegator can delegate its BNB to a chosen validator to participate the consensus and earn rewards.

Staking BNB directly contributes to the security of the entire network.

How to delegate my BNB?

Please read the guide here

You can use:

How to undelegate my BNB?

Delegates and validators themselves may choose to unbond their BNB for a variety of reasons. It is important to note that these BNB are subject to what is known as the UnbondingTime, an on-chain parameterized period of time upon which all delegates, including validators, must wait for their BNB to become fully unbonded. In addition, these BNB are still subject to be potentially slashed upon commitment of any byzantine behavior. The UnbondingTime ensures a variety of security measures in the network, such as accounting for network synchrony assumptions, providing a lower bound for the length of a long-range attack and solving the “nothing-at-stake” problem.

The current UnbondingTime in Binance Smart Chain mainnet is 7 days.

How to redelegate my BNB?

Redelegations between a unique delegator, source validator, and destination validator can only happen once every UnbondingTime

How many tokens are required to stake BNB?

The minimum delegated amount is 1BNB.

How to claim my rewards?

The rewards will be distributed to every delegators from bscvalidator smart contract everyday.

You can read about the details here

When can I receive my staking rewards?

Since validatorset info is updated every day UTC 00:00, to make some room for the error handling, we distribute the fees of day N-1 in the next breathe block (day N+1). Thus, after you sent delegate transaction, you will receive your first staking rewards at the second UTC 00:00. Afterwards, you will receive your rewards everyday at UTC 00:00.

When can I receive my undelegated BNB?

Since Unbonding Period is 7 days. Thus, after you sent undelegate transaction, your staked BNB will not receive any rewards since the next UTC 00:00. After 7 days start from the next UTC 00:00, you will receive your BNB .

What's the potential loss for delegators?

The only risk for delegators is the loss of rewards when their staked validator is slashed. Their staked BNB will not be impacted.

Can a validator run away with their delegators' BNB?

By delegating to a validator, a user delegates voting power. This does not mean that the validator has custody of their delegators' BNB. By no means can a validator run away with its delegator's funds.