Marten Jung, Unibright CEO, had this to say:
Dear Community,
Mainnet Launch is coming closer - and we are happy that one of the council members () already set up their UBT proxy-staking pool on GYSR!
https://app.gysr.io/pool/0xfaf957614dadac83363c097aa52c320cf4a75445
Read a short manual here: https://spo.de/gysr.html (and make sure to read the Gysr Docs)
Please note that this is not a Unibright offering, but be sure we actively support the first validator who offers proxy-staking, and hope this encourages others to do the same.
Things are really coming together nicely!
have released complete instructions on their dedicated webpage on how to stake UBT in their pool. Geyser.io has undergone several audits, is non custodial meaning you are in control of your funds, and has a simple to use interface which is compatible with all your favourite wallets through METAMASK and WalletConnect (e.g. Ledger, Trezor, Trust Wallet and so on)
https://app.gysr.io/pool/0xfaf957614dadac83363c097aa52c320cf4a75445
2. Connect your wallet
3. Approve UBT and sign transaction.
4. Deposit UBT and sign transaction
When it comes to claiming/unstaking, again you must connect your wallet and press the relevant button.
The vesting period is explained - stake for 60+ to receive your full reward allocation. Anything less than that works has a proportional weighting.
for example. 30 days would get you 50% of what you could get, 15 days would be 25% and so on.
Quick FAQ
1. What is the APY?
Deposits are open, rewards are not live yet (Hence 0% on the page).
Once the mainnet and staking rewards are live the page will report an APY.
2. Do I need GYSR tokens?
The GYSR multiplier is set to 1x. That means you earn the same whether you deposit GYSR tokens or not. So, in short, NO.
3. I thought nodes were capped at 1m UBT? I can see way more than that staked.
Validator power is capped at 1m, but more can be staked.
e.g even though x million are staked on the node, it is only weighted at 1m when validators are being selected for work.
4. Will there be other options for proxy staking?
Yes, but this is the first option and others may not be ready for the launch date. Expect the number of nodes offering proxy staking to increase over time as the network matures.
For more Unibright and Baseledger Updates on PUBLISH0X click here
Baseledger - The Blockchain built for Baselining
A public-permissioned, council-governed blockchain network that fulfills the major requirements of enterprise organizations for participating in Baseline-enabled processes: A unified architecture ensuring service quality, data privacy and integration.
Baseledger has been launched by Unibright and Provide as an open-source initiative, aiming to build a tokenized ecosystem and open community around Baseledger.
Unibright and Provide bundle years of experience in (enterprise) blockchain development, product building and customer satisfaction (Lufthansa, CONA (Coke One North America), Deutsche Bahn among them). Unibright and Provide are main drivers of the Baseline initiative, which was launched together with ConsenSys, Microsoft and EY.
Official Website: Baseledger.net
Governance Council: Baseledger.Foundation
Baseledger Medium Blogs
Official Twitter: BaseledgerNet
Baseledger Whitepaper
UBT Token Details on Coingecko
