OPEN CALL: Explore & evaluate our sleek new staking portal in exchange for $ZIL rewards!
If you’ve been following us on Twitter, you might have seen that we have launched a brand new non-custodial staking portal called Zillion to provide our users with a simplified and elegant user experience when staking $ZIL.
Scroll down for our step-by-step guide to navigating testnet staking on ‘Zillion’
If you’ve been following us on Twitter, you might have seen that we have launched a brand new non-custodial staking portal called Zillion to provide our users with a simplified and elegant user experience when staking $ZIL.
We’ve got more good news! You can now play around with Zillion by participating in our public beta testing for non-custodial staking on our testnet. Your feedback is paramount to us as we prepare for the staking mainnet launch. With a cap of 5000 USD for the week-long campaign, we will be offering discretionary rewards between US$5 to US$200 worth of ZIL based on the quality and type of feedback.
We’ll be accepting reports till 25 September 2020 via this link. Winners will be announced via a blog post at the end of the campaign period.
Remember, rewards for feedback/suggestions provided will be given on a first-come-first-serve basis! You can cross-check for existing bug reports on our issue tracker. For UI/feature suggestions, please check out this TO-DO list to see a list of the existing suggestions that have been taken into consideration.
*Note: For feature suggestions, we are looking at practical incremental improvements to Zillion. The improvements should also be specific and not general high level suggestions. Any suggestion should be aimed at improving the overall user experience of Zillion.
The following suggestions will be out of scope:
- Integration with other platform(s)
- Integration with new wallet(s)
- Adding new FAQs and tutorials
- Adding of social media information
For you smart contract security experts out there — we will soon be launching a Bug Bounty Programme as an extension of this beta test. With our commitment to user safety, your expertise is much needed in helping us identifying and resolving large and small bugs ahead of the Zillion’s mainnet launch. Details to come!
In the meantime, the below guide will help you easily navigate Zillion, earn rewards along the way and give you an accurate idea of what the real staking experience will be like.
*Note: For the initial public beta testing phase, it would be most ideal for users to use Zillet, Ledger, or ZilPay wallets. Support for more wallets will be introduced subsequently.
Disclaimer: DO NOT send any mainnet $ZIL to the SSN (Staked Seed Node) addresses that are displayed in the Zillion portal — your ZIL will be permanently lost. Always ensure that you are using testnet, not mainnet.
Stage 1: Getting Testnet ZIL from the ZIL Faucet
Step 1: Go to https://dev-wallet.zilliqa.com/home
Step 2: Click on ‘ZIL Faucet’ as shown in the screenshot below.
Step 3: Enter your ZIL wallet address as shown in the screenshot below, check the box to verify that you are not a bot, and click on ‘Run Faucet’ to receive 5,000 testnet ZIL.
*Note: There is no difference between testnet and mainnet wallet addresses, both share the same private keys. The only difference is the network that they are using (Testnet / Mainnet). In short — your mainnet ZIL wallet will be able to hold both mainnet and testnet ZIL.
Step 4: Wait a few minutes for the transaction to be confirmed.
Step 5: You can verify if the testnet ZIL have reached your wallet address by checking on Viewblock. Select ‘Testnet’ as the network and enter in your wallet address as shown in the screenshot below.
*Note: Testnet transactions on Viewblock will only be accessible from 19 September 2020 onwards.
Stage 2: Staking Testnet ZIL on Zillion
Step 1: Go to the Zillion Staking Portal (Testnet) at https://testnet-stake.zilliqa.com
Step 2: Click on ‘Sign in for Delegators’ as shown in the screenshot below.
Step 3: Choose your preferred way of connecting your ZIL wallet from the 3 options shown in the screenshot below.
*Option 1: Connect your wallet using your Keystore (.json), Option 2: Connect your wallet using the Ledger Nano S or X, and Option 3: Connect your wallet using ZilPay (a Google Chrome extension).
Option 1: Connecting to Zillion using your Keystore (.json):
Option 2: Connecting to Zillion using your Ledger wallet:
Option 3: Connecting to Zillion using your ZilPay wallet:
**Note: As shown in the video guide below, please make sure to select ‘Testnet’ as the network for transaction in ZilPay. Failure to do so WILL result in the permanent loss of your mainnet ZIL.
These steps should get you started with Zillion. Once you have staked your tokens, you will earn rewards after every 1 hour. You have to manually claim these rewards by clicking the appropriate action button. Once, you have claimed your rewards, you can re-stake them by following the same steps as above. Along with the staking rewards, you will also earn a new token named gZIL which is a fungible token different from ZIL. For every ZIL earned as staking reward, you should earn 0.001 gZIL. These gZILs are sent to your address along with your ZIL rewards. You can transfer these gZIL to any other address by importing the address of the gZIL token contract (`zil10w2fwf5kdwqvjd2zyv6nr7da2d2z63g5dvtvsy`) in Zillet. Once the contract is imported into Zillet, you can try to transfer gZIL tokens around. Have fun!
PS: The Zillion portal is in active development and you may see some new features getting enabled if you are testing in the next few days.
Key things to note for testnet staking (conditions will revert to those set out in ZIP-11 when non-custodial staking goes live on mainnet) —
- Some testnet contract parameters will differ from the actual production contract
- Instead of the 14-day bonding period, this round of public beta testing will only have a ~1 hour bonding period
- There is a minimum stake amount of 10,000 ZIL per seed node instead of 10,000,000 ZIL
- There is a minimum stake amount of 100 ZIL per delegator instead of 1,000 ZIL
- Testnet gZIL will only be issued for 100,000 blocks instead of 1 year, starting from the date that testnet ZIL non-custodial staking goes live, and the total supply that will be issued will be adjusted accordingly for testnet staking
FAQs
Q: How do I use Binance or other exchange wallets to log in to Zillion?
A: You will not be able to use exchange wallets to log in to Zillion, which is our non-custodial staking portal.
Q: Which wallets provide Keystore (.json)?
A: At present, only Zillet provides users with a Keystore (.json) file upon registration.
Q: How much staking rewards can I get?
A: The rate will vary depending on the total circulating supply of ZIL staked across all seed nodes. An approximate guide would be:
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