Delegation

~this feature is only available on the finney branch. Refer here to learn how to test the finney branch.

Any hotkey may become a delegate and receive nominations of stake from other wallets in the network. Key owners of delegates collect an 18% "take" on emissions of all delegated Tao.

When a coldkey creates a hotkey delegate, it will receive all of the emissions from the stake it adds to its hotkey delegate. The delegate owner will also collect 18% of the emissions from all delegated stake.

Turn your hotkey into a delegate:

btcli nominate

Stake to a delegate account:

btcli delegate

List all the delagates in the network

btcli list_delegates

E = emissions earned by the key per block

Sn = Stake from owner

St = Total stake on hotkey

Delegate key owner

Emissions received = E * 0.18+(Sn/St)*(E-E * .18)

~delegates receive an 18% tax

Delegated stake owners

Emissions received = (Sn/St)*(E-E * .18)

~delegated stake owners pay an 18% tax through emissions