Stratis has introduced Masternode Staking (Beta), a new mechanism for staking STRAX while maintaining liquidity. This beta release allows users to stake STRAX, receive liquid staking tokens (mSTRAX), and register on the Masternode contract to earn staking rewards.
A detailed guide has been created to help you be involved in the beta:
Setup Guide: Masternode Staking Beta Guide
By participating in the beta, users can test the dual reward structure, where they earn from both validator operations and masternode participation. This release is intended for testing and feedback, with refinements expected before the full mainnet launch.
Phased Rollout of Masternode Staking
Masternode Staking is being introduced in multiple phases, ensuring the system is tested, refined, and fully integrated before mainnet deployment.
Phase 1: Initial Beta Testing (Current Phase)
- Users can stake STRAX, receive mSTRAX, and register on the Masternode contract.
- No rewards are currently being distributed to the Masternode contract.
- Focus on testing validator setup, staking mechanics, and system stability.
Phase 2: Hard Fork and Reward Redirection
- A hard fork will be implemented on the Auroria Network to redirect Masternode Rewards to the new Masternode Staking Contract.
- This phase ensures that mSTRAX holders start receiving Masternode rewards.
- Further optimizations based on beta feedback will be incorporated.
Phase 3: Mainnet Deployment
- The fully audited Masternode Staking contracts will be deployed on Stratis Mainnet.
- Full reward distribution to Masternode participants.
- Integration with additional Stratis on-chain protocols.
The contracts are scheduled for a security audit before the mainnet release to ensure robustness, reliability, and security.
Benefits of Masternode Staking
Masternode Staking is designed to improve capital efficiency and expand participation in the Stratis ecosystem. Key benefits include:
- Dual Yield Generation – Earn rewards from operating a validator and staking mSTRAX in the Masternode contract.
- Increased Network Participation – More tokens staked contribute to the security and decentralization of Stratis.
- Liquidity for Staked Assets – mSTRAX enables continued participation in on-chain protocols while maintaining staking rewards.
This beta phase is an opportunity to test the system, report feedback, and refine the staking model before the mainnet release.
How the Masternode Staking Beta Works
The Masternode Staking process consists of four key steps:
- Stake STRAX – Deposit the required collateral into the Masternode Staking protocol.
- Receive mSTRAX – Masternode Staking Tokens (mSTRAX) are issued in return for the staked STRAX.
- Register on the Masternode dApp – Staked mSTRAX is used to activate masternode participation.
- Earn Staking Rewards – Rewards are generated from both validator operations and masternode staking.
The beta phase will test the system’s efficiency, and overall integration within the Stratis ecosystem.
How to Get Started
To participate in the Masternode Staking beta, follow the detailed setup guide:
Setup Guide: Masternode Staking Beta Guide
The guide covers:
- Validator setup
- Staking deposit process
- mSTRAX issuance and usage
- Registering in the Masternode contract
Users should carefully follow instructions to ensure correct setup and operation.
Why Participate?
By joining the Masternode Staking Beta, users gain early access to the system and contribute to its improvement before the mainnet release. Testing during this phase ensures a more secure, efficient, and rewarding staking model upon full deployment.
For full setup instructions, visit: Masternode Staking Beta Guide
