Foreword
At present, the Conflux mainnet has been upgraded to v2.0, and the PoS system has been successfully introduced. The PoW+PoS mechanism will make the Conflux mainnet more secure and stable. After the mainnet upgrade, the staking in the PoS system will be rewarded (expected 10%), and the original 4% staking reward will no longer be given.
CFX holders pledge their CFX to PoS nodes and participate in the PoS process, and will get a certain amount of CFX as a reward. There are two ways for CFX holders to participate in PoS: One way is to run a Conflux node themselves and stake CFX in this node. Another way is to stake your own CFX in a PoS mining pool, so there is no server cost and no need to maintain nodes, but you need to pay a small fee.
Introduction to ABC Pool
The name of our mining pool is ABC Pool, which is a Conflux PoS mining pool organized by the community. It allows CFX holders to stake their tokens in the PoS mining pool and get rewards without running a node. It has The following features:
1. Safe and stable
Completely use official open source code. There are professional and technical personnel to maintain the mining pool. Run the mining pool with big brand servers.
2. Easy to use
The staking and retrieval process is simple (see the tutorial below).
Currently ABC Pool has been deployed to the Conflux mainnet, link: https://confluxpos.cn/ . The page of ABC Pool is shown in the figure below.
ABC Pool usage tutorial (main network)
Step 1: Click “Connect Portal” in the upper right corner to connect the wallet.
From left to right, the page information is the status of the mining pool, the name of the mining pool, the total amount of pledged CFX, and the APY.
Step 2: Enter the amount of pledge (the amount must be a multiple of 1000), and then click “Stake” to pledge.
Step 3: Click “Stake” to confirm.
Step 4: Click “Confirm” in the wallet to complete the pledge operation.
The “Transaction Submitted” pop-up window is displayed to prove that the pledge has been completed. Click on the hash value to view the transaction record on the blockchain browser.
Close the pop-up window and display the following page. You can view information such as the number of pledges and the rewards generated by the pledge. The operations of withdrawal and pledge are similar. Enter the withdrawal amount in the lower left corner (it needs to be a multiple of 1000), and click “Unstake” to withdraw.
Note: The rules of pledge:
- The amount of Stake/Unstake CFX must be a multiple of 1000
- The lock-up period of Stake/Unstake is 7 days
- The pool performance fee is 3.99%
- Rewards are updated every hour
Detailed explanation of the rules:
The reward will be calculated immediately after the pledge, and the income will be displayed after an hour, and the reward will not be calculated immediately after the pledge is released.
There is a seven-day lock-up period after the operation of Stake/Unstake. That is to say, it takes seven days for the pledged votes to be unpledged; similarly, it takes seven days for the unpledged tickets to be withdrawn. If users do not want to continue staking, they can click “Unstake” 7 days after the staking operation to unstake, and click “Unstake” 7 days after the unstaking operation to withdraw the unstaking CFX.
During the 7-day lock-up period after the unstaking operation, Unstake’s CFX will not generate rewards.
Rewards will be updated every hour, and you can click “Claim” to withdraw the generated rewards.
Risk Warning⚠️
According to the rules of Conflux network, staked CFX on PoS chain is somewhat risky (but we will try to avoid this risk as much as possible).
Serious warning! The following operations may cause your staked tokens to be permanently locked, and the user is responsible for losses caused by these risks.
1.Pool running multiple nodes with the same private key
2.Theft or loss of the Pool’s PoS private key
The following circumstances may prevent you from receiving a reward or reduce your reward during normal pool O&M and network upgrades, including but not limited to:
1.Fail to run the PoS node or connect to the PoS network during O&M or network upgrades
2.Run the PoS node successfully, but the token is forceRetired due to various reasons such as network conditions, and there is no reward for the unlock period
At present, the ABC Pool mining pool has been registered with the Conflux Foundation .
Welcome to the ABC Pool mining pool to pledge! The earlier you stake, the reward will be higher.
Thank you !