Staking Information
A staked seed node serves as a direct access point (for end users and clients) to the core Zilliqa network to help validate transactions, but it does not participate in consensus. It does maintain the entire transaction history and the global state of the blockchain, which is needed to provide services such as block explorers.
Through our SSN people are also able to lock their tokens, also referred to as staking or delegating, to earn rewards on their coins. And crucial to say is that staking with Ignite DAO is fully non-custodial. By providing this service we are able to receive a commission from the users staking rewards which is being used to build products on the ZIlliqa ecosystem like Torch wallet.
When Do I Get My Staking Rewards?
Staking rewards are handed out at the same time no matter what provider you choose. Currently rewards are handed out every 2200 blocks, which is estimated to be between 22-24 hours. When you first stake your $ZIL you will enter a buffer first and start receiving $ZIL in the next cycle, so you may not receive any rewards for 2 cycles (44-48 hours) depending on the time you stake.