Desmos
The Social Chain
Welcome to Desmos, the social blockchain designed to power the next generation of decentralized social networks.
Desmos focuses on user privacy, data ownership, and customizable experiences to revolutionize social media.
🔐 Validator address: desmosvaloper1mxt66nphve6pgkcwvjqmvjg9f7w569f5e500k4
📊 Chain Parameters
| 📈 Parameter | 🎯 Value |
|---|---|
| 🎁 Reward rate (APR/APY) | 19.27% / 21.25% |
| 💰 Commission | 5% of the reward rate |
| 🔒 Minimum tokens to stake | 1 DSM |
| ⏳ Unbonding period | 21 days |
| ❌ Slashing for downtime | 0.01% |
| 💥 Slashing for rogue nodes | 5% |
🌐 Wallet Choices
Desmos is supported by multiple wallets, including Keplr, Ledger, and Cosmostation.
🏁 How to Stake
Open the Keplr app, select the chain and click on the Stake button.
Search for High Stakes in the list of validators and click on Manage. A new window will appear.
Click on Delegate and enter the amount you want to delegate. Confirm by clicking on Delegate again.
🚨 Always keep some coins to pay fees with. Never stake your entire wallet amount. Without money for fees, you can’t make any transactions!
🎉 Congratulations, you’ve just delegated DSM!
❓ FAQ
The current rate is 19%, taking into account our validator commission of 5%.
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.
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.
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.