Lisk staking rewards
Lisk staking rewards is currently temporarily suspended. We will inform you the restarting schedule as soon as it is decided.
■Summary
Lisk staking rewards is a part of the bitFlyer staking rewards service that offers rewards to customers who hold Lisk in their bitFlyer accounts.
■How to get staking rewards
Lisk uses a consensus algorithm called Delegated Proof of Stake (DPoS).
Under DPoS, Lisk holders vote for 101 delegates who are appointed to approve transactions. The voting rights of the 101 delegates is determined by their Lisk holdings.
Those 101 delegates then receive Lisk as a forging reward for each transaction they approve.
If bitFlyer is selected as one of the 101 delegates and receives forging rewards, a portion of the forging rewards will be distributed to customers who hold Lisk in their bitFlyer account and qualify for the Lisk staking rewards.
■Requirements to be eligible for staking rewards
Customers must meet all of the following requirements to be eligible for staking rewards.
1. The customer must maintain a daily average of at least 10 LSK in their bitFlyer account during the corresponding period.*
2. The customer must have completed their account information by the time of distribution.
3. The customer must not meet any of the following criteria for disqualification.
・Account closure
・Negative balance in a margin account
・Frozen account
・Accounts with restrictions or limited functionality in place
*The corresponding period will be determined at bitFlyer’s discretion.
■Date of distribution
Tuesdays*
*The date of distribution is subject to change at any time. If bitFlyer does not receive awards as a delegate, no rewards will be distributed.
■Amount
The amount of reward to be granted to each qualifying customer will be determined by how much Lisk is held in the corresponding customer’s bitFlyer account. The amount of rewards for delegates may vary, so the amount to be distributed may vary.
■Important notes regarding this service
• This service uses the LSK held in bitFlyer accounts for being appointed as a delegate.
• bitFlyer may choose the amount and destination for voting.
• This service may be suspended at any time without prior notice.