Cold staking

Cold staking is a protocol that rewards long-term coin holders for staking their Callisto coins.

Coming soon

Cold staking will go live on the Callisto Network after Hard fork #1

83
days
21
hours
55
minutes
56
seconds

November 11, 2018

What is Cold Staking?

Cold Staking is not related to Proof of Stake or a consensus mechanism. Cold stakers have no rights in generating blocks or confirming transactions. They receive interest for holding their coins. Think about cold staking as a form of passive income on your investment.

What is Cold Staking
Earn money with Cold Staking

How does one earn money with cold staking?

The Callisto cold staking protocol is written in Solidity, a smart contract programming language. The cold staking contract receives 20% of all mining rewards per block and distributes this amount among cold stakers in direct proportion to their stake.

The reward for each staker is calculated at the moment of reward claiming.

How much I can earn on my investment?


You can quickly estimate your earnings with this calculator

Percent of total supply in the staking pool
50 %
0100%
Your CLO staking deposit
Holding Period
Reward
ROI
One month
1430.57
14.31%
Two months
1393.21
13.93%
Three months
1899.19
18.99%
Four months
1337.22
13.37%

The calculator is a rough estimation based on the published protocol description. Cold staking rewards will be significantly higher in the first three months after hardfork #1. After month three, cold staking rewards will normalize. The accuracy of the calculator will be improved once cold staking is live as it depends on real data.

How does it work?


CLO
Grid Circle
Cold Staking smart contract
Grid Triangle
Grid Circle
Funds locked
Grid Triangle
Grid Circle
Grid Line Down
Locking period expired
Grid Triangle
Grid Circle
Grid Line Down
Staker claims the reward and continues staking
Grid Triangle
Grid Circle
Staker claims the reward and the stake
Grid Triangle
Grid Circle
The stake will continue generating rewards
Grid Triangle
Grid Circle
Staker inactive for 1 year
Grid Triangle
Grid Circle
Smart contract will release the funds
Grid Triangle
Grid Triangle
Staker can withdraw their initial stake or reward at any time
Grid Triangle
Smart contract release the initial stake
Grid Triangle

Cold Staking Workflow:


1

After the Callisto owner has deposited their coins into the staking contract, the funds are locked for a certain period of time (approximately 1 month).

2

The cold staker cannot access their funds during the locking period.

3

The longer a staker “stakes”, the higher the reward will be.

4

After the locking period expires, there are three options for the cold staker: (1) claim the reward and continue staking, thus locking their funds for another month. (2) claim the reward and withdraw their entire stake, or (3) Do nothing.

5

When a staker does nothing for a certain amount of time (1 year) after the locking period has ended, then they are considered inactive and are removed from the staking contract. The inactive stake is returned to the stakers address. No reward shall be paid to inactive stakers.

6

Each staker can independently claim their reward at any time after the locking period. The staking reward depends on the total amount of CLO that is currently in the cold staking contract. As a result, each staker's reward depends on other stakers' stakes.

7

There is no minimum staking amount.

8

A cold staker can only stake with their own deposit address. It is not possible to send rewards to someone else's address, or grant someone permission to claim the reward on your behalf.

9

A cold staker does not need to run a node to stake. They only need to invoke the staking contract twice: once to make a deposit and again to claim the reward. The ClassicEtherWallet is sufficient for this procedure.

Long story short


To participate in cold staking, a user must:

Send CLO
1

Send CLO to staking contract

Wait
2

Wait a month or longer

Invoke Withdrawal
3

Invoke the withdrawal function of the staking contract to earn the reward