Staking Vaults overview 🚀

The journey to get here. 

We’re all excited, but before we begin talking about Divi Vaults, we need to first mention the incredible effort it has taken to get to this point. The road has not always been easy, as we forge a path through uncharted territory, building crypto-functionality that has never been created before. There are no rules, nor framework, for a technology such as staking vaults. We created it. With this comes plenty of learning. We’ve learned a lot. Thank you once again to our incredible community for your patience, not only in us but also with our vision. We’re building something spectacular - something groundbreaking - and we’re humbled to be able to share that with you. 

The importance of easy-staking. 

Staking provides incredible value to users, communities, and blockchains. It’s an efficient way of validating a blockchain, and users earn rewards for participating in this work. But, as with most crypto-features, there are very few that exist that are easy for the user. And when you combine ease-of-use, with non-custodial, there are even fewer. Until now.

Now let’s chat about vaults: why are they special?

1. The most flexible way to earn crypto: There is no minimum deposit. You can start with as little as you want. We’ve created a feature that allows everyone to be a part of the network. 
2. A world-first: non-custodial staking: Your keys, your coins, always. We’ve created a vault in the truest sense. With Divi Vaults, you do not trade security for convenience, you get both. 
3. Uncompromising control: Some non-custodial staking solutions require relinquishing your voting power. Not with Divi. You keep your voice. You remain truly in control and have a say in the governance of the network. You delegate the staking responsibility, not the ability to make decisions. 

How you can set one up 

Staking vaults have technically been a part of our blockchain since January of this year when staking manager functionality was added. For the purposes of this article, we will cover mobile staking vaults, through Divi Wallet, which pushes all the technical details into the background providing a seamless and intuitive user experience. . Setting up your mobile staking vault couldn’t be easier. If you are interested in establishing a manual staking vault, we’ll be publishing a how-to on that subject too!

Setting up a Vault in Divi Wallet:

1. Download Divi Wallet if you haven’t already. 
2. Back up your wallet. 
3. Purchase Divi from an exchange, or send some from another wallet. 
4. Select the ‘Earn’ tab and select ‘staking vault’.
5. From here, you will be able to add funds to the vault.

That’s it. You’re done. 

At this point, you’re supporting critical blockchain functions, on a secure server and not for one moment did your funds leave your custody. No longer must you leave your computer running 24/7. Now you can keep up to date with your earnings within the beautiful UI of the mobile wallet. You can even get push notifications every time a reward comes in! No draining of your battery. No complex coding. No maintenance. It could not be easier. 

How does the pricing work?

We have decided upon a pricing structure that we think will feel fair to our community, whilst making it easy to begin staking. We have decided upon subscription pricing at a flat rate per month, so as the DIVI coin price increases you will benefit even more.

• We have also tried to account for newcomers to the space, by adding incentives to those holding under 50,000DIVI. If you fall into this category (1 - 49,999 DIVI) you will pay $0 per month. We hope this makes our newer members feel included and inspires them to collect DIVI and reach the higher tiers.
• If you have between 50,000 and 99,999 DIVI in a vault, the base cost will be $7USD per month. From here (100k - 700k), every 50,000 DIVI increases the cost by $7USD per month, up to $98USD per month.
• There is no upper limit on how much DIVI you can stake, however, the pricing is capped at 700,000DIVI. Please note, we will only offer monthly subscriptions for both Nodes and Staking on Mobile.
  

So where to from here?

We are incredibly excited to see how the ecosystem develops as we further increase accessibility. With the introduction of staking vaults, we’re extending access to our community members with under 100,000DIVI. Up until now, those people have not had a dedicated, easy-to-use way to put their Divi to work. Now they can. 

We cannot overstate how excited we are to get Divi Vaults into the hands of our community but if you think that’s the only application of this revolutionary tech, we have some surprises for you.