How to claim staking rewards in a blockchain network?
- Edgeware Validator
- Edgeware Nominator
- Edgeware Staking
- EDG token Edgeware
I have been staking my tokens in a blockchain network for a while now and I am not sure how to claim my staking rewards. Can someone guide me through the process of claiming staking rewards in a blockchain network? Are there any specific steps that I need to follow? Any help would be appreciated. Thank you.
Answers 1
To claim staking rewards for a validator, a single transaction must be made within 84 eras. This can be done by anyone from the validator or corresponding nominators, and the rewards for the top 256 nominators will be claimed. If no one claims the rewards, they will expire after 21 days. It's important to note that claiming rewards frequently can lead to better compounding, but be aware that claiming on behalf of all nominators and the validator may result in significant transaction fees.