Unbonding your tokens involves revoking votes, unlocking the CELO, and finally withdrawing the CELO. Detailed instructions are here.
Rewards for Locked CELO holders are targeted at 6% annually. This percentage can be adjusted by the protocol.
Holders of Locked CELO who voted in the previous epoch for a group that elected one or more validators and have activated their votes are eligible for rewards. These rewards are denominated in Locked CELO and reapplied as votes, so future rewards are compounded without the account holder needing to take any action.
In Celo, delegating is done in the form of voting for a Validator Group. Locked CELO holders’ are not at risk of slashing. However, if there’s a slashing event, the group, validators, and CELO token holders will all receive reduced rewards for the next month.
Updated 5 months ago