Frequently Asked Questions
Last updated
Last updated
General Questions
Q: What is TrustedStake? A: TrustedStake is a permissionless, non-custodial staking service within the Bittensor ecosystem. It’s designed to optimize staking returns by providing an automated and seamless staking solution.
Q: How does TrustedStake work? A: TrustedStake leverages the Substrate proxy pallet, enabling users to delegate TAO hotkey permissions in a trustless manner. TrustedStake can manage your staking allocations without accessing or controlling your tokens. Our automated system distributes stakes based on performance metrics to maximize returns and mitigate value loss.
Q: Is TrustedStake secure? A: Security is a top priority. TrustedStake employs industry-standard cryptographic measures, time-delayed proxies, and continuous monitoring of staking activities to ensure the safety of your tokens. In the event of suspicious behavior, we can reset the proxy relationship to prevent unauthorized actions.
Staking Process
Q: How do I start staking with TrustedStake? A: To start, connect your wallet to our platform and delegate the necessary permissions. Detailed setup instructions are available on our website and in the documentation.
Q: Can I withdraw my TAO at any time? A: Yes, you retain full control of your tokens and can withdraw at any time, subject to performance fees. Initiating a withdrawal reallocates your tokens back to TAO and ends the proxy relationship.
Q: How does TrustedStake allocate my stake? A: We use a weighted allocation model based on each subnet's key performance indicators (KPIs). TrustedStake’s proprietary algorithms dynamically respond to market demand and performance metrics, optimizing allocations to maximize your returns while mitigating value loss. In conjunction with our custom tooling, our team of expert analysts and Rao enthusiasts use their breadth of knowledge and intuition to make the final insightful allocation decisions.
Security and Control
Q: Do I lose control of my tokens when I delegate to TrustedStake? A: No. TrustedStake is a non-custodial service, meaning you retain full control. TrustedStake can only perform staking operations as per the permissions you’ve delegated.
Q: What happens if TrustedStake’s proxy key is compromised? A: In such an event, an attacker would only be able to undelegate or redelegate tokens but cannot transfer or steal your funds. TrustedStake continuously monitors staking activities and can reset the proxy relationship to prevent unauthorized actions.
Q: What is the proxy address I should approve?
A: Ensure you approve the correct proxy address: 5F1k451t2EQyQxBVpSxokmPeULWcHKunx8idgNP8vpguBKHK. This information is provided during the setup process.
Performance and Rewards
Q: How can I track the performance of my stake? A: TrustedStake provides transparent performance tracking. Our user dashboard lets you view investment performance, allocations, and stats, providing complete insight into your stake.
Q: What are the fees for using TrustedStake? A: We charge a performance-based management fee for our services. The exact fee structure is clearly outlined on our website.
Q: How does TrustedStake aim to maximize returns? A: TrustedStake combines proprietary algorithms, tooling, market analysis, and years of experience to optimize staking allocations. Our system ensures your stake is strategically distributed across high-performing subnets to maximize your returns.
Technical Details
Q: What is the Substrate proxy pallet? A: The Substrate proxy pallet allows delegating permissions in a trustless manner, meaning TrustedStake can manage staking allocations without control over the actual tokens.
The official announcement about the addition of the Proxy Pallet within Bittensor.
Official proxy documentation that explains how the Staking Proxy works in substrate chains like Bittensor.
Q: How does TrustedStake handle the expansion of the Bittensor ecosystem? A: TrustedStake’s system is designed to scale and adapt as Bittensor grows towards thousands of subnets. We continuously monitor and analyze the ecosystem to ensure optimal stake allocation across all available subnets.
Support and Resources
Q: Where can I find more information about Bittensor? A: For general questions about Bittensor, visit the Bittensor FAQ.
Q: How can I get support if I have issues or questions? A: Reach out to our support team through our Discord.
Q: Where can I learn more about the team behind TrustedStake? A: Our website and the documents provide information about our team, including their experience and expertise in the Bittensor ecosystem.
Note: This FAQ is a living document and will be regularly updated. If you have additional questions, join our Discord community!
Discord: https://discord.gg/kTZrNNWb