celer
How to Stake CELR via MathWallet
Celer Network is a layer-2 blockchain scaling platform that enables fast, secure, and private off-chain transactions for crypto payments and
APR 29, 2023
Delegate Celer (CELR) to Everstake
Everstake Validator Address
0x4b43a015F56154bb60bC3C783E5e1153d0BE50b6
TL;DR
Delegation is non-custodial: delegated CELR is held in Celer's Staking smart contract on Ethereum, only the delegator's address can withdraw it, and Everstake cannot move it.
Full staking details ↓
Everstake runs a validator on the Celer State Guardian Network (SGN), so you can stake CELR by delegating it to Everstake on the SGN dashboard at sgn.celer.network.
Everstake's commission is 10% of rewards and the minimum stake is 1 CELR.
Rewards accrue with every SGN block, and unstaking takes 7 days.
Delegated CELR generates two types of rewards: SGN staking rewards and a share of cBridge transaction fees, claimed manually on the SGN dashboard.
Celer in the Everstake Blog
Table of Contents
CELR staking terms: commission, minimum, rewards and unstaking
Where to stake CELR: the Celer SGN dashboard and wallets
Everstake as a Celer validator: custody, address and slashing risk
What Celer and the State Guardian Network (SGN) do
Staking more than $500K of CELR
CELR staking terms: commission, minimum, rewards and unstaking
Everstake stakes CELR on the Celer SGN at a 10% commission with a 1 CELR minimum and a 7-day unbonding period.
| Parameter | Value |
|---|---|
| Token | CELR (ERC-20 on Ethereum) |
| Network | Celer State Guardian Network (Tendermint-based proof of stake) |
| Everstake commission | 10%, deducted from rewards, never from principal |
| Minimum stake | 1 CELR |
| Maximum per validator | Below one-third of total bonded CELR (Celer contract cap) |
| Reward types | SGN staking rewards + a share of cBridge transaction fees |
| Reward accrual | Every SGN block, starting immediately |
| Claim type | Manual on the SGN dashboard; no auto-compounding |
| Unstaking period | 7 days, then a withdraw transaction |
| Slashing | Enabled: validator downtime and double signing, including CELR in unbonding |
| Transaction fees | Paid in ETH on Ethereum Mainnet |
How to stake CELR with Everstake in 4 steps:
- Connect a wallet. Pick a wallet that supports CELR staking and connect it to the Celer SGN dashboard on Ethereum Mainnet. Keep a small amount of ETH for gas.
- Choose Everstake. Select Everstake from the validator list and confirm the address matches 0x4b43a015F56154bb60bC3C783E5e1153d0BE50b6.
- Delegate. Enter the CELR amount, approve the token permission, then confirm the delegation transaction.
- Claim rewards. Claim staking rewards from the My Rewards page on the SGN dashboard. cBridge fee rewards are claimed separately, per chain.
Every step happens on the Celer SGN dashboard, not on everstake.com.
Where to stake CELR: the Celer SGN dashboard and wallets
Where to stake CELR: the Celer SGN dashboard and wallets
- Celer SGN staking dashboard: the official interface for delegating, claiming, unbonding and withdrawing.
- How to stake CELR via MathWallet: Everstake's step-by-step MathWallet guide.
- How to stake CELR via imToken Mobile Wallet: Everstake's step-by-step imToken guide.
- Celer's official SGN staking guide: Celer's own walkthrough, demonstrated with MetaMask.
Everstake as a Celer validator: custody, address and slashing risk
Everstake, an independent validator operator, runs the Celer validator at 0x4b43a015F56154bb60bC3C783E5e1153d0BE50b6. Delegators can verify this address on the SGN dashboard before delegating, and Everstake documents its validator security practices.
- Custody: delegated CELR is held in Celer's Staking smart contract on Ethereum. Only the delegator's address can undelegate and withdraw it, and Everstake has no ability to move it.
- Commission: Everstake keeps 10% of rewards; the delegator keeps the rest.
- Slashing: the Celer protocol can slash part of the CELR delegated to a validator that goes offline or double signs. CELR in the 7-day unbonding period remains exposed to slashing.
- Liquidity: unbonding CELR cannot be transferred until the 7 days end and the delegator submits a withdraw transaction.
What Celer and the State Guardian Network (SGN) do
CELR is the native ERC-20 token of Celer Network, a blockchain interoperability protocol. CELR is staked on the SGN, a Tendermint-based proof-of-stake chain that routes messages and token transfers between blockchains; Everstake's guide to what CELR is and how CELR staking works details its reward model.
- Inter-chain messaging: Celer IM lets dApps pass messages and value between chains, with SGN validators routing them.
- Bridging: cBridge moves tokens between blockchains. The SGN manages its liquidity pools, node selection and service-level arbitration.
- Fee sharing: SGN validators and delegators earn fees paid by cBridge and Celer IM users, on top of block rewards.
- Governance: CELR stakers vote on SGN parameters such as supported chains, tokens and fee settings.
- Economic security: a guardian that acts maliciously loses its staked CELR to slashing, so SGN security scales with the value of staked CELR.
Staking more than $500K of CELR
CELR holders staking more than $500K can arrange dedicated validator terms with Everstake's Business Development team.
Everstake also offers institutional staking and Validator-as-a-Service for organisations that need dedicated validator infrastructure.
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