IOV Token Staking and Rewards
The IOV Name Service is implementing the Cosmos SDK staking module.
Staking the IOV Token means delegating your IOV Token to a Validator for a minimum bonding period. The bonding period starts when you give the command to unbond your tokens. To stake your IOV Tokens, you first need to pick a Validator to delegate to. You can see the list of Validators on our block explorer https://big-dipper.iov-mainnet-2.iov.one/validators
List of IOV Name Service active Validators at launch
You can click on a Validator to find its operator address, it starts with
starvaloper1....Then to delegate 1000 IOV Tokens from your address you use the
delegate command:iovnscli tx staking delegate <starvaloper1....> 1000000000uiov --from <mykey> --fees 2000000uiov
It is possible to move your stakes from the current Validator to another Validator by using the command
redelegateiovnscli tx staking redelegate <validator_from> <validator_to> 1000000000000uiov --from <mykeys> --chain-id iov-mainnet-2 --gas-prices 10.0uiov
To withdraw your rewards and IOV Tokens, you may unbind the IOV Tokens with the command
iovnscli tx distribution withdraw-all-rewards --from <mykey> --fees 2000000uiov
This will start the unbonding period at the end of which you can use your IOV Tokens again. During the unbonding period, the IOV Tokens do not qualify to receive rewards. The command is
unbondiovnscli tx staking unbond <validator_from> 1000000000000uiov --from <mykey> --fees 2000000uiov