FAQ's
What is the minimum stake amount?
1 RAMA is the minimum stake amount. (These are test numbers subject to change anytime)
Why does my transaction take so long?
All staking transactions of Ramestta happen on Polygon for security reasons.
The time it takes to complete a transaction depends on the gas fees you have allowed, as well as the amount of congestion on Polygon at the time. When you use the "Speed Up" option, you can increase the gas fee to expedite the transaction.
Which wallets are currently supported?
Just MetaMask at the time being.
Are hardware wallets supported?
No, hardware wallets are not supported as of now.
I have completed my delegation, where can I check the details?
You can check the details by clicking on My Account.
Where can I check my rewards?
You can check the details by clicking on My Account.
Do I need MATIC to pay for Gas fees?
Yes, gas fees must be paid in MATIC, the Polygon network's native cryptocurrency.
Do I need to deposit RAMA tokens to the Ramestta Testnet network for staking?
No. All your funds need to be on the Polygon Network.
When I try to do the transaction my Confirm button is disabled.
This might be because you have an insufficient amount of the native token necessary to pay for the transaction.
When does reward get distributed?
Rewards are paid out after every checkpoint is submitted.
Why does reward keep getting decreased every checkpoint?
Rewards earned will depend on the amount of locked supply in the network at each checkpoint. It is expected that this will vary significantly as the number of RAMA tokens locked in staking contracts increases. The rewards will start out higher, and then decrease as the locked supply percentage rises. The checkpoints capture this change in locked supply, which is then used to calculate rewards.
How can I claim my rewards?
Once the unbonding period is complete, the Claim Stake button will be enabled and you can then claim your staked tokens. The tokens will be transferred to your account.
Go to https://validator.ramestta.com (coming Soon)
Now check the claim stake enabled button.
Click on Claim Now.
You will get this pop up.
Now click on confirm, you will get a MetaMask confirmation or rejection option.
What is the Unbounding period?
The unbounding period on Ramestta is approximately 8-9 days. This period applies to the originally delegated amount and re-delegated amounts - it does not apply to any rewards that were not re-delegated.
Will I keep receiving rewards after I unbound?
No. Once you unbound you stop receiving rewards.
How many transactions does the delegation require?
Delegation requires 2 transactions one after the other - one to approve and another one to deposit.
What does Redelegate Rewards mean?
Redelegating your rewards simply means that you want to increase your stake by restaking the rewards you have accumulated.
Can I stake to any validator?
Yes.
Which browser is compatible with Staking Dashboard?
All the browsers compatible with MetaMask.
My Metamask is stuck at confirming, what can I do?
You may try the next solutions.
1. Restart your browser, or force close the mobile app and reopen.
2. Restart your computer or mobile device.
3. Lock and unlock MetaMask.
4. If your problem relates to a specific transaction, check the relevant block explorer for the network you're using, such as Polygonscan.(https://mumbai.polygonscan.com/)
How do I send funds from Binance or other exchanges to Ramestta wallet?
First you must withdraw your funds from Binance or any other exchange to your Polygon address on Metamask.(Coming Soon)
I have earned rewards while delegating. What happens if I add additional funds to the same validator node?
If you have not re-delegated your rewards before delegating additional funds to the same validator node, your rewards will be withdrawn automatically.
In case you don't want that to happen, re-delegate your rewards before delegating additional funds.
I have delegated my tokens via MetaMask on the Staking dashboard. Do I need to keep my system or device on?
No. Once your Delegation transactions are confirmed, and you can see your tokens reflected in the Total Stake and New Reward cards/sections, then you are done. There is no need to keep your system or device on.
I have unbounded, how long will it take to Unbond
The unbounding period is currently set to 82 checkpoints. This is approximately 9 days. Every checkpoint takes approximately 34 minutes. However, some checkpoints could be delayed upto ~1 hour due to congestion on Polygon.
I have unbonded and I see the Claim Stake button, but it is disabled.
The Claim stake button will only be enabled when your unbonding period is complete. The unbounding period is currently set at 82 checkpoints. This is approximately 9 days.
How do I switch my delegation from Foundation Nodes to External nodes?
You can switch your Delegation using the Move Stake option on the Staking UI. This will switch your Delegation from the Foundation node to any other external node of your choice.
Select the validator frm where you want to migrate the stake.
Will there be any unbounding period when I switch delegation from foundation nodes to external nodes?
You will not experience an unbounding period when switching delegation between foundation and external nodes. It will be a direct switch without any delays. However, if you are unbounding from a foundation node or an external node there will be an unbounding period for that.
Are there any specifics to choose an external node during switch delegation?
No. You can choose any node.
What happens to my accrued rewards if I switch delegation from foundation to external node?
If you haven't already claimed your rewards before switching delegation, then upon successful switch of your delegation from Foundation to External the Rewards that were accumulated till then will be transferred back to your account.
Will delegation on the external nodes work the same as foundation nodes?
Yes, it will work the same as foundation nodes.
Will I still get rewards after delegating to an external Node?
Yes, rewards will be distributed the same as earlier with the foundation nodes. Every successful submission of a checkpoint will yield in rewards. Rewards will be distributed and calculated at every checkpoint relative to the stake ratio, as currently implemented.
Will there be any unbounding period if I unbound from an external node?
Yes, the unbounding period will stay the same as currently implemented 82 checkpoints. This is approximately 9 days.
Will there be any locking period after I switch my delegation from foundation to external node?
No. There won't be any locking period after you switch your delegation.
Can I partially switch my delegation from foundation to external nodes?
Yes, you will have the option to partially move your stake from foundation node to an external node. The remaining partial stake will remain on the foundation node. You can then move that to another node of your choice or the same node.
Can I switch delegation from an external node to another external node?
No, the Move Stake option is only available on the foundation nodes. If you want to switch your delegation from an external node to another external node, you will have to unbound first and then delegate to another external node.
How many transactions do I need to pay for Gas when I do a Move Stake?
The Move Stake is a single transaction only. All transactions would be on the Polygon Blockchain so you would need to spend some MATIC while doing the Move Stake transaction.
Some of the information found on this page has been developed using the open-source information provided by Polygon.
Last updated