Nomination

How to nominate?

There are 2 ways to nominate validator, bond FIS and then nominate validator, or combine bond and nominate operations together. It is recommended to follow the 2nd way.
Differences: Operational Fee will be charged form Stash account in the 2nd way, while fee charge is separated in the 1st way. Bond fee will be charged from your Stash account , and a nominate fee will be charged from Controller account. You can read notes when you are nominating.

Nomination Guide 2 (Recommended)

1.Select Stakingon the upper menu's Networksubmenu, then select Nominatoron Account actions.
2.Select Stash Account and Controller account on setup nominator pop up page, then fill in Bond amount, and clickNext.
Select list
Explanation
Stash account (increase the amount at stake):
Continue to nominate the validator after the reward is successfully claimed
Stash account (do not increase the amount at stake)
After the reward is received, the balance of the Stash account will be added
Controller account
The rewards is distributed to the Controller account
3.You can select up to 16 validators. Validators can be selected through addresses, names or click them directly in validator list. When you finish selecting, click Nominate
4.Confirm the transaction fee, fill in password, then clickSign and Submitto submit info.
5.The red box below shows that the nomination is successfully completed.

Nomination Guide 1

1.Click Network and select Stakingin the box to jump to the 'Staking' page. Then select Account actions. At the beginning, setup Stash and Controller account by clicking Stash.
2.Select Stash and Controller account on ‘Bond Preferences’ page, then enter the Bond amount, and click Bond.
Select list
Explanation
Stash account (increase the amount at stake):
Continue to nominate the validator after the reward is successfully claimed
Stash account (do not increase the amount at stake)
After the reward is received, the balance of the Stash account will be added
Controller account
The rewards is distributed to the Controller account
3. Confirm all info, then click Sign and Submit.
Note: The transaction fee will be deducted from the Stash account for the Bond operation is executed through that account instead of the other.
4.Once Bond action succeeded, your page will be like below. To the next step, click Nominate to start the nomination.
5.You can select up to 16 validators. Validators can be selected through addresses, names or click them directly in validator list. When you finish selecting, click Nominate
6.Confirm the transaction fee on 'authorize transaction' page, and fill in Controller account and password and click Sign and Submit.
7.If you successfully nominated, the waiting nominations will be shown in the red box below.

More to know

Stash and Controller

The Stash account and Controller account can be set to the same, but for security concerns, it is recommended to set 2 different accounts respectively.
When the Stash account and the Controller account are set to different accounts, the Controller account balance cannot be 0, and a small amount of FIS must be sent to the Controller account in advance as a fee for the nomination cost. Otherwise the nomination transaction will fail.Note

When does nomination take effect

If you nominate validators during the first 45 minutes of 5th Epoch in a Era, and the nominated validators has been listed by the (N+1)th Era, then the rewards will be generated at the (N+1)th Era, while reward can be claimed at(N+1+1)th Era.
In the Last 15 minutes of the 5th Epoch in the Nth Era, all data will be freezed temporarily. Nominations are not allowed during this period.
If you nominate validator during the 6th Epoch of the Nth Era, all validators of the (N+1)th Era have already been elected, so your nomination and rewards will not take effect until the (N+1+1)th Era. That is to say, you can claim the rewards in the (N+1+1+1)th Era.
Last modified 1yr ago