Radix

Radix is the first layer-one protocol specifically built to serve DeFi. This protocol is the basis of the Radix public network – a fully decentralized platform for DeFi applications and users. Decentralized finance applications are currently built on protocols that are not fit for this purpose, leading to congestion, hacks and developer frustration. Radix changes this by introducing a scalable, secure-by-design, composable platform with a DeFi centric development environment to make it easy to build and launch scalable DeFi products.

LetzBake Radix icon

Return on Stake (ROS) and Fee

ROS: ~15%
Fee: 2%

Radix Delegate Addresses

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Radix FAQs

We recommend using the Radix Wallet. You can safely generate your keys with the wallet and manage your delegation through the desktop app. The Radix Learn homepage offers good instructions on how to use the Radix Wallet and how to delegate to one or more validators.

Although hardware wallets are supported, the Radix app is currently awaiting approval by Ledger Inc. without a known ETA. However, if you are a bit tech savvy or adventurous, there is a way to sideload the Radix app onto your Ledger Nano S without using the Ledger Live application. There is a good and easy to follow guide available for Windows and MacOS users here.

Note that to participate in staking you need to lock (bond) your coins and that it takes 1-3 weeks – depending on network speed – until your funds will be transferrable after unbonding.

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!
After XRD are staked, starting with the next epoch (ie. after 30-90 minutes), that stake begins earning emissions rewards at the end of each epoch that follows.

Emission rewards (XRD) are automatically created in a staked state; they are emitted pre-staked to the same validator as the originally staked XRD and immediately begin earning emissions. This means that you do not need to continuously stake emitted tokens to “compound” your emissions earnings.

Because emitted tokens are automatically staked, claiming rewards simply means unstaking some amount of staked tokens whenever you choose (source).
No, Radix is not a blockchain! Its design is radically different from all other decentralized networks.

Radix is the result of more than seven years of research that started with a deep dive into the mechanics of Bitcoin in 2012, identifying that blockchains fundamentally couldn’t scale. The conclusions from that research led to the beginnings of the project in 2013, and the realization that the heart of the problem – and the solution – was always going to be consensus.

At the core of Radix lies its unique consensus protocol, Cerberus. Cerberus has two distinct features that no other Distributed Ledger Technology (DLT) has yet achieved: (1) practically infinite linear scalability; while preserving (2) cross-shard atomic composability.

Learn more about this exciting new technology in Radix' Cerberus Infographic Series here.
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 Radix:
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.