Staking on Sonic

Staking

Sonic uses a Proof-of-Stake system that requires validators to hold Sonic S. Validator nodes are critical to the Sonic chain, responsible for validating transactions and creating new blocks in accordance with the consensus protocol. Anyone with at least 1,000,000 Sonic S can run their own validator node to earn epoch rewards and transaction fees.

Stakers can delegate Sonic "S" tokens to a validator that participates to the consensus of Sonic. The more stake assigned to the validator, the more often it is chosen to write new transactions, and therefore the more it earns rewards.

Origin Sonic's staking contract delegates S to a subset of active validators on Sonic. Those validators receive rewards from staking every 10 minutes. The rewards are then distributed to holders of OS through its rebasing mechanism.

While Origin has carefully selected and monitored validators, there exists a risk of one or more of the validators being slashed. To combat this, we have distributed staked S across multiple validators, minimizing the slashing impact arising from the actions of any individual validator.

Withdrawals

Upon withdrawing from a validator there is a 14 day waiting period to be able to claim the funds.