Token HoldersMaking Deposits

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.

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Once you make a deposit, you will only be able to withdraw the unlocked tokens as per the linear vesting schedule.

Head over to the Main Dashboard and select the Token Holder tab. Read and accept the terms and conditions and connect your wallet.

For testnet, you can use the Testnet Dashboard.

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Accept the terms and conditions and connect your wallet.

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Add the TIG Token to your wallet and sign the message. You will now be redirected to the Deposit Dashboard.

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The Deposit Dashboard displays information about:

  • The current round
  • Total amount of TIG earned for that round
  • Total TIG deposits and average weight
  • Current estimated APY for delegating to a Benchmarker

To make a deposit, scroll down to the Token Holders section. Enter the amount of TIG tokens you want to lock and the duration of the lockup.

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You are required to lock a minimum of 100 TIG tokens and for a minimum duration of 1 week.

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After entering the amount and duration, click on the button and confirm the transactions in your wallet.

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TIG uses Sablier which is a free-to-use infrastructure for on-chain token distribution and locking. Sablier’s Linear Vesting lockup allows token holders to lock their TIG tokens for a specified period of time and release them linearly over the duration of the lockup.

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, click on the Delegate button for the respective Benchmarker.

You can check the estimated APY for delegating to a Benchmarker in the Delegate Deposit section.

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