HELA_LABS ON STAKING
Hela represents the next generation of Layer 1 blockchain protocols, built upon the principles of Web 3.0. Designed with a user-centric approach, Hela empowers users by providing enhanced asset integration, flexible personal sovereignty, and an exceptional user experience, while ensuring auditability and compliance of their
data.
STAKING DELEGATION IN HELA
Delegation
Staking delegation is a mechanism that allows participants to delegate their staking rights to other validators on the network.
On Hela, staking involves holding and “staking” a certain amount of HELA tokens as collateral to secure the network and participate in block validation. However, not everyone may possess the technical expertise, resources, or competitive edge to run their validator nodes or effectively cover the costs associated with node operation. Staking delegation addresses this challenge by enabling individuals to delegate their staking rights to trusted and competent validators who can carry out the validation process on their behalf. By delegating their stake, participants can still earn staking rewards.
Under a delegation mechanism, participants have three choices, these choices include;
(i) operating a node to run for validators,
(ii)becoming a delegator, and
(iii) abstaining.
Researchers have studied participants’ strategic behavior using game theory.This research provides insights as to how much commission fees validators should earn to maximize their revenues. As only the internal nodes organize the committee in Phase 1, the delegation mechanism will be rolled out in
Phase 2.
In HeLa ,you can earn points in Discord and also participate in raffles to earn HLUSD ,one HLUSD =$1
Join us on Discord and start earning Juicy rewards:
https://discord.gg/8BKwtWvjDd