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