Staking

In order to be allocated work on the Sylo Network, Seeker Nodes must have Sylo Tokens (SYLO) staked against them, on-chain. These tokens are still owned by the person who staked them, but are locked in a smart contract for a period of time.

Seeker Node runners provide Node Staking.

Sylo users can stake toward Nodes via Delegated Staking.

Using the total amount staked to Nodes across the Network, the Stake Directory is updated each epoch. The Stake Directory is used by the stake-weighted scan function for users to know which Node is assigned to which user.

Each node must also have an activated Seeker in order to participate in the network.

Node StakingDelegated StakingThe Stake Directory