Moonriver

Moonriver is a fully Ethereum-compatible environment on Kusama. It is a highly specialized Layer 1.5 chain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonriver platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.

Moonriver launched as a parachain on the Kusama network and is a companion network to Moonbeam. Moonriver provides a permanently incentivized canary network to which new code is shipped first, where it can be tested and verified under real economic conditions. Once proven, the same code ships to Moonbeam on Polkadot.

LetzBake Moonriver icon

Return on Stake (ROS) and Fee

ROS: ~15%
Fee: n/a

Moonriver Collator Address

0xdd16C266534C6729112B8AA501F797Ec33c122f7

Moonriver FAQs

As Moonriver is fully Ethereum-compatible, we recommend using MetaMask for either Chrome, Firefox, Brave, or Edge. Once you have MetaMask installed, you need to configure the wallet for Moonriver. Find a good guide on how to do that here.

You can then connect MetaMask to the Moonriver app to nominate the LetzBake! collator. After connecting MetaMask, click on "Manage nominations", then select our collator address in the drop-down menu under "Nominate", and enter the MOVR amount you want to stake. When you click on "Nominate", MetaMask opens and asks to confirm the transaction. Click on "Confirm" to finalize the transaction.

We also recommend using a Ledger or Trezor hardware wallet to safely store your MOVR tokens. Both devices are fully compatible with MetaMask on Moonriver, but, in the case of Ledger, you need to use the Ethereum app to interact with the network. Trezor automatically detects the appropriate app, so you can use your device as you are used to on Ethererum or any other Ethereum-compatible chain.

Contact us with any questions you may have. We’re happy to help!

Only download wallets from the original sources, and never from a random link on the Internet!
Reward payouts are quite straightforward in Moonriver and are automatically delivered to your wallet at the end of every round, with one round being 300 blocks or about one hour. Note that after you set up your nomination, it will take two rounds (about two hours) before you will start receiving your staking rewards.
Moonriver targets a 5% annual inflation rate. Of the 5% inflation, 2.5% go to users that stake their MOVR tokens and help power the collator selection process, 1.5% go to the Moonriver parachain bond reserve, and 1% go towards incentivizing collators. As the percentage of the inflation emission the different groups receive is fixed at protocol level, collators cannot set their own fee, as is common on most other chains.
There are many exchanges out there that fake trading volume, and thus, these cannot be trusted. Find below a list of exchanges whom we trust to buy Moonriver:
Although we trust these exchanges to behave fairly, we advise to never leave your crypto on any of these long-term and instead use a hardware wallet for long-term cold storage.