FAQ

1: What is OrangeLayer?

A: OrangeLayer is a staking platform that enables the staking of various Bitcoin representations (Native BTC, Wrapped BTC, StacksBTC, Nomic BTC, Interlay BTC) to support network operations and earn rewards, enhancing security and interoperability across blockchain ecosystems.

2: How does staking work on OrangeLayer?

A: Staking on OrangeLayer involves locking your Bitcoin assets (BTC, wBTC, StacksBTC, etc.) through the platform to contribute to network security and operations. In return, stakers earn rewards based on the amount and duration of their staked assets.

3: What wallets are required for staking on OrangeLayer?

A: The wallet requirement depends on the type of Bitcoin asset being staked: a Bitcoin wallet for Native BTC, a Stacks wallet for StacksBTC, a Cosmos-compatible wallet for Nomic BTC, and a Polkadot-compatible wallet for Interlay BTC.

4: Is my investment safe when staking on OrangeLayer?

A: OrangeLayer employs robust security measures, including the Guardrail Manager, for risk mitigation and operational oversight. However, as with any investment, there's inherent risk, and it's essential to conduct due diligence and consider using hardware wallets for added security.

5: Can I unstake my assets anytime on OrangeLayer?

A: Unstaking is subject to specific unbonding periods, which vary depending on the asset. This period allows the network to ensure security and stability before releasing staked assets back to the owner.

6: What are the rewards for staking on OrangeLayer?

A: Rewards vary based on the asset staked, the stake amount, and the staking duration. OrangeLayer aims to offer competitive rewards to incentivize network participation and security.

7: How does OrangeLayer handle depegging risks for assets like wBTC?

A: OrangeLayer monitors peg ratios in real-time and implements automated safeguards and peg restoration initiatives in case of significant depegging, protecting stakers and maintaining asset stability.

8: Can I stake assets other than Bitcoin on OrangeLayer?

A: Currently, OrangeLayer focuses on staking various representations of Bitcoin. Future updates may expand supported assets based on ecosystem needs and developments.

9: How does OrangeLayer contribute to blockchain interoperability?

A: By supporting the staking of Bitcoin representations from different blockchains (Ethereum, Stacks, Cosmos, Polkadot), OrangeLayer enhances cross-chain interactions and liquidity, contributing significantly to blockchain interoperability.

10: Where can I learn more about staking and participating in OrangeLayer?

A: For detailed information on staking procedures, rewards, and security measures, visit the official OrangeLayer website, consult the platform's documentation, and join the community forums for updates and discussions.