With Enjin Blockchain governance, staked ENJ tokens are locked in a nomination pool and you receive sENJ tokens in return. The ENJ to sENJ ratio isn't always at a 1:1 ratio if (for example, if the pool has already started earning rewards), which makes it difficult to calculate the sENJ in ENJ when using blockchain explorers. This guide will help you calculate your staking balance, or in simpler terms, the equivalent of your sENJ balance in ENJ. For this guide we are using the Subscan explorer.
Please note, the steps outlined below are for calculating your ENJ balance for a single nomination pool. If you have staked in multiple nomination pools, you need to follow these steps for each individual stake. Avoid mixing values from different staking pools as it will lead to incorrect calculations. You can differentiate between stakes by the pool id.
Step 1: Find the Nomination Pool
Go to the Enjin Nomination Pool page and locate the nomination pool you are staked in.
Step 2: Copy the Total Bonded
Place your cursor over the "Total Bonded" value and click on the extended value to copy it. Make sure to save it somewhere. This is your pool active balance.
Step 3: Find the Degen Associated with the Nomination Pool
Go to the Degens Collection page. Find the Degen that is linked to the pool. Place your cursor over the supply and copy it. Save this number as well, this is the pool supply.
Step 4: Find Your Account sENJ Balance
Search and navigate to your wallet address on Subscan. In the “Balance” section, click on the sENJ collection (it should be labeled as “Asset” with ID of #1). Find the sENJ token that is linked to the pool and copy the balance (the token ID matches the pool ID). This is your account sENJ balance. *Note, any funds distributed from the Early Governance Reward Program are already included in the account sENJ balance.
Step 5: Perform the Calculation
Here's how you calculate your staking balance in ENJ:
- Multiply the "Total Bonded" value (from Step 2) by 10^18 and save the result.
- Divide the result from the previous step by the pool supply number (from Step 3).
- Multiply the result from the previous step by your account balance (from Step 4).
- Finally, divide the result from the previous step by 10^18.
The final result is the expression of your sENJ balance in ENJ.
For convenience, The Enjin Wallet app displays your staked balances in ENJ automatically.
Example
Let's say an account has an active stake in a Nomination pool with:
- 10,000,000 Pool Active Balance
- 8,000,000,000,000,000,000,000,000 sENJ Pool Supply
- The account holds 20,000,000,000,000,000,000,000 sENJ
Here's how the calculation would look:
- 10,000,000 * 10^18 = 10,000,000,000,000,000,000,000,000
- 10,000,000,000,000,000,000,000,000 / 8,000,000,000,000,000,000,000,000 = 1.25
- 1.25 * 22,119,477,649,025,456,529,099 = 25,000,000,000,000,000,000,000
- 25,000,000,000,000,000,000,000 / 10^18 = 25,000
Thus, this account has 25,000 ENJ staked in the nomination pool.
Comments
2 comments
A few questions for clarity if you could,
1. The hyperlink for Step 3 (Degens Collection page) brings you to the Degens with collection ID 1, and they all have "unknown collection" and "unknown token" showing. Should we just select the token from this collection that corresponds to the token from collection ID 2 (Subscan | Aggregate Substrate ecological network high-precision Web3 explorer) ? i.e. if you have 2-5, then just select 1-5 here instead?
2. Step 4 says to navigate to your wallet. Do you mean the wallet which we transferred the ENJ from, or the wallet which we transferred the ENJ to (i.e. the Pool#...stash)?
Thanks
Hi John,
Thank you for your questions!
1. We appreciate your patience and understand that it can be confusing currently. We're working on an update for the Enjin Wallet that will include the "Pool ID" in the staking pool overview screen. Once this update is live, you'll be able to easily determine the pool id with the corresponding nomination pool, making it clearer which pool to look for on Subscan.
2. In Step 4, when we mention navigating to your wallet address, we're referring to the wallet from which you staked your ENJ. You can find this address by following the guide here: Finding your Enjin Relaychain wallet address.
I hope this answers your questions. If you have any more, feel free to ask!
Best,
Etay.
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