This article is intended for developers interested in joining Astar or Shiden Networks.
You probably have heard that Astar Network has a unique feature called dApp staking, which allows developers to earn financial incentives. In a previous article, we talked about how to use this unique feature for stakers. In this article, we will guide you through how this feature works for developers. We will also look into how developers can earn and claim their rewards through dApp staking.
How dApp staking benefits developers
dApp staking allows developers to earn financial incentives and can support developers as a basic source of income. It works similarly to staking on validators. At every block, some of the rewards go to developers who participate in our #Build2Earn program, so that developers can earn basic income as long as their dApps are nominated by dApps stakers.
Now that you have a basic idea of how dApp staking is a product to benefit developers we will show you how to take advantage of this. Any project that is live on our networks can register for dApp staking. Below, we introduce how you register your dApp and can begin to earn dApp staking rewards.
Register your dApp
Instructions
Step 1
First, make sure that you import your developer’s wallet which is the Polkadot native wallet, not the EVM wallet (Metamask).
Make sure your wallet has at least either
- 101 SDN for registering on Shiden
- 1001 ASTR for registering on Astar
Your developer account also needs to be whitelisted. To whitelist your developer account, you need to contact Astar core members and share the project you created. The best spot to get a hold of the team is through Astar SpaceLabs. Astar SpaceLabs Program is the easiest way to scale your dApp and infrastructure on our mainnet.
Step 2
Next, click “+Register dApp” on the top right corner and provide the necessary information.
For the smart contract section, use either your smart contract or this sample smart contract which can be found on our GitHub.
After you fill in the required information, your dApp is registered in the dApp staking program. DApp rewards calculation starts immediately.
For more detailed information about registering your dApp on Astar, please check our documentation.
Claiming your dApp staking rewards
Now, that your dApp is registered with dApp staking you will begin earning rewards. Eventually, you’ll want to claim your staking rewards for covering up your development cost, rewarding your dApp stakers, or supporting an initiative of your project. This is the time for you to use the benefits of dApp staking to accelerate your project and team. We will guide you on how you can claim your staking rewards.
It often gets overlooked, but keep in mind that you need to claim your reward first in order to receive any staking rewards. It is recommended to do so once a week.
You can claim your staking rewards by clicking the “Claim” button under Unclaimed Rewards. By doing so, your total reward will be shown in the “Total rewards you have claimed” section.
Lastly, we will discuss a breakdown of how staking rewards are calculated and distributed to you, as a developer.
How are rewards distributed?
“How much will I receive through dApp staking?” is a common question for new Astar developers. To answer this we need to discuss how ASTR rewards are distributed across all participants.
The graph above displays the reward distribution of ASTR rewards for the ecosystem. The total distribution of ASTR block rewards is as follows:
- Base Treasury Rewards: 10.00%
- Collator Rewards: 10.00%
- Developer(dApps) Rewards: 15.00%
- Base Staker Rewards: 20.00%
- Adjustable Rewards: 45.00%
Adjustable rewards affect both staker rewards and treasury rewards, but developer rewards are always a fixed 15% of the total rewards, as shown in the graph above. Our developers will always receive a fixed portion of ASTR rewards.
In terms of the total ASTR tokens that a developer receives since 1 era is 7200 blocks and 266.4ASTR are issued per block, 266.4 ASTR x 7200 x 15% = 287,712 ASTR are distributed as developer rewards every era.
These total developer rewards are distributed proportionally to the total amount staked on each developer’s dApp. So, creating a great project that gets more support from a growing community of stakers will increase the rewards you earn.
In summary, registering with dApp staking entitles you to a portion of roughly 287,712 ASTR every 24 hours! You can visit our main Portal Page now to get an idea of what your rewards will look like for your project on Astar.
Closing thoughts
DApp staking is great because you, as a developer, can focus more on building a great project and community, and less on where to get funding. Having stable financial incentives allows developers to spend more time developing and improving their dApps, which is difficult to do without a mechanism like dApp staking. #Build2Earn makes developers and their users happy, just check out how Astar Degens has supported their community and treasury through staking rewards. We believe that providing a basic income to our builders is the most important thing in web3.
We are creating a developer-friendly ecosystem through dApp staking, and hope that this article helps you to take advantage of this unique feature to earn a basic income and enjoy building your dApp on Astar.
About Astar
Astar Network — The Future of Smart Contracts for Multichain.
Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM). We are made by developers and for developers. Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for the code they write and dApps they build.
Astar’s vibrant ecosystem has become Polkadot’s leading Parachain globally, supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.
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