TETRA is Orbs’ dedicated staking wallet, from which any ORBS holder can easily stake tokens with a Guardian of their choice.
With TETRA, it’s much easier for ORBS holders to stake their tokens for Rewards. But it has another important benefit to the project: Allowing Orbs community members to contribute to the network’s security and operation, making the Orbs Network the first choice for enterprise applications.
Before we even start, you want to make sure you already have MetaMask set up on your browser. For those of you who are unfamiliar, MetaMask is a common (some will say mandatory) browser extension made by the ConsenSys team and which enables your browser to interact with Dapps on the Ethereum blockchain.
Click STAKE YOUR TOKENS, and enter the amount you want to stake. In the screenshot below, 50K ORBS are chosen to be staked:
Click APPROVE and choose the ETH fee for broadcasting the transaction in the MetaMask window, followed by SAVE. Faster transactions mean higher fees:
Note: Neither the gas fee nor the speed of transaction are connected to the Orbs Network; these depend on activity on the Ethereum blockchain.
Now let’s wait for the request to be broadcasted. Orbs recommends waiting for 7 confirmations which may take time. This is what you will see upon confirmation, 1 of 7:
Once confirmed to your satisfaction, PROCEED to select a Guardian for staking.NOTE: If you are a returning user who already staked before, you will see a KEEP option here as well.
Scroll down and Select your Guardian. The screenshot below is from a demo, your list may look a bit different:
Once you SELECT, click on the gas fee in the browser pop-up window and wait patiently for MetaMask to do its thing.
Scroll down to see your Guardians. Select the one you prefer to stake with, using the radio button selector on the right:
Enter the gas fee via MetaMask and wait for the transaction to be broadcasted.
And that’s it! Your ORBS are safe with a new guardian now.
Make sure that you are familiar with how to stake tokens in order to avoid mistakes.When using Tetra, always check that you are on the correct URL (The official Tetra URL is staking.orbs.network, you should not use any other website), and beware of phishing attempts. In addition, verify the transaction content before signing it.
Tetra is the simplest and easiest way to stake your ORBS tokens and earn rewards. If you are more technically advanced and would like to interact directly with the Ethereum staking contract, make sure to use only the contract interface functions.
Never transfer tokens directly to the staking contract address. Tokens transferred directly to the staking contract address are not staked and cannot be recovered.
Finally, make sure to only delegate to identified and reputable Guardians who are active in fulfilling their responsibilities in order to maintain a high-quality network and avoid loss of rewards.