Making Deposits

Making a Deposit

Making a TIG token deposit allows token holders to participate by delegating their deposited tokens to a Benchmaraker and earn rewards. It also allows token holders to participate in the TIG’s Innovation Ecosystem by voting on new breakthroughs.

Deposits are also used by Benchmarkers to run a node and earn rewards. Their deposits are self-delegated to themselves.

Head over to the Main Dashboard and select Deposit under the Token Holders tab. Make sure you have already read and accepted the terms and conditions and connected your wallet.

For testnet, you can use the Testnet Dashboard.

To make a deposit, enter the amount of TIG tokens you want to lock. Click on Approve to approve the spending limit for your TIG tokens.

After approving the spending limit, click on Lock and confirm the transaction in your wallet.

Delegating your Deposited TIG Tokens

Once you have made a deposit, you can delegate it to a Benchmarker to earn rewards. Benchmarkers can share a portion of their rewards to incentivise other players to delegate their deposits to them.

To delegate your deposited TIG tokens to a Benchmaraker, head over to the Optimizer page.

With Automated Optimizer, you can monitor and adjust your delegation strategy to maximize your APY. Select how often you want the optimizer to check and update your delegations and click on Activate Optimizer.

You can head back to the Overview page to track your delegations and rewards.

If you want to manually delegate to specific Benchmarkers, use the API.