We are very excited to announce that we are now offering restaking capabilities via the Restake.App website. We've enabled all of our ValidatorNode Networks to work with the Restake.App for restaking, enabling you to maximize returns on staked assets.
The Restake. App allows delegators to grant permission for a validator to compound their rewards automatically via AuthZ. It is also a convenient staking tool, allowing you to claim and compound your rewards individually or in bulk. This can save delegators transaction fees, and time, and allows for maximizing profits from your staked assets.
Authz / How it works
Authz is a new feature for Tendermint chains (Cosmos based) which lets you grant permission to another wallet to carry out certain transactions for you. These transactions are sent by the grantee on behalf of the granter, meaning ValidatorNode will send and pay for the transaction, but the actions are reflected in your wallet (such as claiming rewards).
The Restake.App allows you to grant a validator (ValidatorNode) permission to send Delegate transactions on your behalf (for their validator only). The validator cannot send any other transaction types and has no other access to your wallet. As a delegator, you can grant/revoke this permission to ValidatorNode using the Keplr web wallet.
ValidatorNode processes restaking events every 6 hours automatically by searching all delegators, checking each for the required grants, and if applicable carrying out the Claim and Delegate transactions on behalf of their delegators in a single transaction. All fees incurred are paid by ValidatorNode!
Watch for us to post some future tutorials about getting started with this new service, offered by ValidatorNode to our staking delegators. For now, you can use this great guide on how to get started published by the creators of the Restake.App.
All ValidatorNode staking delegators are encouraged to visit the Restake.App website to see what they offer. Get started restaking today!
ValidatorNode is a fast-growing network of validator services. Having successfully partnered with many Cosmos-based networks, as a validator, we now have more than $10 million dollars worth of delegated crypto assets. Our innovative staking-as-a-service (SAAS) model allows retail investors/individuals to leverage their cryptocurrency tokens and earn profits. As a community-driven enterprise, we believe in mutual growth and forging meaningful partnerships.
ValidatorNode “Delegator Partners” benefit from the highly secure, advanced, and updated features of the ValidatorNode ecosystem. You make the maximum while we ensure seamless continuity and scalability of the validating and staking process.