Collateral

Collateral is not required for Deimos mining, however, if you opt to deposit collateral, you will receive 100% of the mining reward, 85% more than when you don't deposit anything.

Zero collateral: 15% of the total reward Full collateral: 100% of the total reward

Option 1: Zero Collateral

Getting started with Deimos mining is simple and flexible. Once you purchase a Deimos device, you may begin mining without depositing collateral. However, if you choose to deposit collateral (Option 2), your mining rewards will increase significantly, allowing you to maximize returns.

Option 2: Full Collateral

The full collateral represents the maximum number of tokens a miner can stake for a single Deimos device. Collateral deposits are locked during the mining period and will be returned in full to Deimos owners after 360 days, ensuring security and fairness in the reward system.

The full collateral for each Deimos I device is 500 $OORT.

The full collateral for each Deimos II device is 6,000 $OORT.

The full collateral amount will be changed based on the network size and the token circulation.

New Features

Manage Collateral in OORT Wallet

Miners can add, remove and check their real-time collateral info via the OORT Edge (DEN) dApp.

You can access/launch The OORT Edge (DEN) dApp in OORT wallet by navigating to the "Browser" page and search for "OORT DEN" in the search bar.

Online Collateral Staking Platform

Deimos owners will soon gain access to an online staking platform that enables them to raise tokens for collateral from other community members. Full details of the platform will be disclosed in upcoming announcements.