STAKING MECHANISM ON BLUZELLE ECOSYSTEM

  • First, one is expected to load his etherum BLZ account on metamask, this is possible if a user is in the etherum mainnet and has enough ETH in his wallet that will facilitate the movement of funds to the etherum BLZ account.
  • Generate a bluzelle BNT that corresponds with the already created etherum account. For new users,there is a seed phrase to be generated, and it is important to copy and save the seed phrase as one will need it in order to log in.
  • Here, a user is required to convert the erc-20 BLZ token to the bluzelle BNT token which is ideal for staking on the bluzelle platform. Under the etherum account block, click on ‘’convert to BNT’’ and input the amount to be converted, then confirm your transaction on metamask.
  • As soon as the BNT balance reflects and is verified on the users account,one can begin staking by clicking on the ‘stake’ button,select a validator from a list of validators and input the staking amount.
  • At this point,staking rewards can be claimed by validators. This is possible in two ways.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store