Skip to main content

Band Protocol

Powering Web3 with Decentralized Oracles​

Welcome to Band Protocol, a cross-chain data oracle platform that connects smart contracts with real-world data.

Band Protocol provides reliable, secure, and decentralized oracles for a range of blockchain projects, including DeFi, gaming, and more.

πŸ“Š Chain Parameters​

πŸ“ˆ Parameter🎯 Value
🎁 Reward rate (APR/APY)11.63% / 12.33%
πŸ’° Commission5% of the reward rate
πŸ”’ Minimum tokens to stake1 BAND
⏳ Unbonding period21 days
❌ Slashing for downtime0.01%
πŸ’₯ Slashing for rogue nodes5%

🌐 Wallet Choices​

Band Protocol is supported by multiple wallets, including Keplr, Ledger, and Cosmostation.

🏁 How to Stake​

Open the webapp Ping.pub, connect your wallet and click Delegate.

info
restake.app also provides the functionality.

🚨 Always keep some coins to pay fees with. Never stake your entire wallet amount. Without money for fees, you can’t make any transactions!

πŸŽ‰ Congratulations, you’ve just delegated BAND!

❓ FAQ​

What are Band Protocol staking reward rates?

The current rate is 13.63%, taking into account our validator commission of 5%.

Are there any risks when delegating?

Slashing is enabled, meaning any validator misbehaving can lose a portion of their tokens, plus the delegated ones. In case of prolonged downtime, the slashing amount is 0.01% once. In case of double sign, it is 5% and the validator is forever banned.

How does Band Protocol service fee work?

The protocol automatically pays a commission to all active validators participating in the minting of new blocks. It is a percentage on all rewards earned related to the staking power of each validator.

Can I vote on governance proposals?

Yes, all users with staked tokens can vote on any proposal using Keplr or another wallet. Validators are able to cast votes on behalf of their delegators, but the votes of the users override them.