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Marlin Protocol (POND) Staking Guide

Published · Updated

Admin

A step-by-step guide on how to stake POND/MPOND tokens using the Marlin staking platform together with Metamask or Wallet Connect.

Marlin is a layer-0 protocol focused on network-layer performance, security and robustness. Marlin Protocol speeds up block propagation of existing blockchains to enable higher throughput.

Marlin Protocol Staking

When you stake POND or MPOND tokens, you are increasing the security of the Marlin network while earning more POND tokens by delegating your tokens to clusters that participate in Marlin network.

If you own a hardware device such as a Ledger Nano S or X, we strongly suggest using it for your staking operations. The process is pretty much the same as described in this guide. The only difference is that you need to sign transactions via your hardware device instead of using your browser.

Staking your POND/MPOND via the Marlin staking platform or the MetaMask wallet involves two main steps:

Step 1: Connecting your MetaMask wallet address to the Marlin staking platform.

Step 2: Creating a stash and delegating your POND/MPOND tokens to P2P.

Step 1: Connect your MetaMask wallet address

Visit https://arb1.marlin.org/relay/stash and connect your ETH address with POND or MPOND. Note that the address must be connected to the Ethereum network. After a successful connection, click the "Add Stash" button.

Step 2: Create a stash and delegate POND/MPOND

To delegate your tokens to the cluster you must create a stash. Tokens are moved to a stash and then you can choose whichever cluster the tokens in the stash should be delegated to. You can have multiple stashes to delegate to multiple clusters. This just provides more flexibility.

To get started with a delegation, enter the number of PONDs/MPONDs you plan to delegate, as well as the operator address as follows:

P2P Validator Operator Addresses:

  • 0x6017b5df98118730e4c31b17c5a7438ecaa8887b
  • 0x785ceab6bec10ca9634bce3a60f4124add801f0c
  • 0xcbebfc74163cf5777a58201702e27dbfded6e2f5
We recommend that you create several stashes at the first stage to deposit some of your funds. This is because the probability of choosing a cluster is quadratic. Clusters with a large number of delegations may give lower returns. The un-delegation period is 30 days. We will monitor the performance of our cluster and take the necessary actions to increase the profitability of our delegates.

To stake POND, a user must first make an Approve transaction before creating a Stash. If you are going to create multiple stash accounts, you can make an Approve transaction for the full amount of one transaction and then create stash accounts afterwards.

Approve the numbers and click the Confirm button and confirm the transaction on the MetaMask wallet. In order to succeed, you will need to have ETH to pay for the transaction fee. After the transaction, it takes some time for your stash to be reflected in the interface.

If you don't see your stash for a long time, make a hard reload of the page by pressing ctrl/cmd + shift + R.

After successfully creating a stash, you will see all the information about your POND/MPOND Delegation within the interface. To delegate more POND or MPOND to an existing stash, click on Add Tokens underneath the My Stashes section.

Marlin (POND) Staking FAQ:

  • Rewards are distributed once per day.
  • Rewards do not auto-compound. To compound your POND rewards, you must claim them.
  • Unclaimed rewards (in POND) appear under My Stashes at app.marlin.pro/relay/stash.
  • Click the Claim button to withdraw rewards. Rewards can be withdrawn at any time and do not affect on-going delegations.
  • The Marlin un-bonding period is currently set to 30 days.
  • Re-delegation of POND tokens to another delegator has a delay of 6 hours.

Alternative approach: Choosing Operator

Alternative to the steps above, you can stake directly with P2P through the following steps:

  1. Visit https://arb1.marlin.org/relay/operator
  2. Connect your wallet via the ‘Connect Wallet’ button in the top right corner. You can use either MetaMask or WalletConnect.
  3. Pick P2P.ORG as your Marlin cluster operator by clicking on the Delegate icon.
  4. A pop up will appear - choose the amount of POND and/or MPOND token you want to stake and approve.
  5. Once the transaction has been mined, click Confirm to create a stash and delegate it to P2P.

Once completed you will be able to view the Stash within the My Stashes section. Here you will also be able to view staked POND and MPOND tokens by clicking Show Delegated Tokens.

To delegate more POND or MPOND to an existing stash, click on Add Tokens underneath the My Stashes section.

About P2P Validator

P2P Validator is a world-leading non-custodial staking provider securing more than $3 billion from over 10,00 delegators across 25+ high-class networks.

Website: p2p.org

Twitter: @p2pvalidator

Telegram: t.me/p2pvalidator

LinkedIn: linkedin.com/company/p2p-org/

Admin

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