Forta is the largest network of security intel in Web3. The decentralized Forta Network leverages machine learning and a community of security researchers to detect exploits, scams and other threats.
Why FORT
The Forta Network is dedicated to the mission of securing web3. To this end, AI-powered detection bots, operating on decentralized scan nodes, identify and mitigate threats throughout the web3 ecosystem. Leveraging the power of decentralization, the Forta Network not only detects real-time exploits and scams across blockchains but also enables the community to contribute actively to its security through the FORT utility token. The FORT token plays a critical role in the network, including ensuring that users receive sybil-resistant alerts promptly due to staking requirements. Since launching its delegated staking program in 2022, FORT holders have had an additional opportunity to become active participants in securing the network by increasing the economic consequences of nodes acting maliciously. If a node fails to broadcast network security data accurately or acts maliciously, they are at risk of their stake and any stake delegated to their node being slashed in accordance with the network’s Slashing Policy. Now, the FORT Staking Vault makes staking your FORT tokens and earning rewards easier than ever.
Introducing the Fort Staking Vault
The FORT Staking Vault, an open-source smart contract developed by Nethermind and funded by the Forta Foundation, is now integrated with a new UI in the Forta App to simplify the staking process within the Forta protocol. This innovative tool automates the allocation of stakes to Forta nodes, removing the need for users to manually select nodes—a process that previously demanded significant time and continuous understanding of network and node data. By streamlining this process, the FORT Staking Vault not only makes participation easier but also optimizes staking for enhanced security and increased rewards. The FORT Staking Vault can significantly reduce the time and effort users need to invest in managing their staking choices, thereby making the Forta Network staking experience more efficient and appealing for both experienced blockchain users and newcomers. However, even if nodes and their delegators have earned rewards in the past, if a node fails to broadcast network security data accurately or acts maliciously, they are at risk of their stake and any stake delegated to their node being slashed in accordance with the network’s Slashing Policy.
By simplifying the staking process, Fort Staking Vault aligns perfectly with the Forta Network’s mission to involve as many participants as possible in securing the blockchain ecosystem. This initiative lowers the entry barriers, encouraging widespread participation and fostering a more resilient and secure network.
Getting Started with the FORT StakingVault
Using the FORT Staking Vault is as easy as one, two, three! Maximize your FORT tokens’ potential while contributing to network security:
1. Connect: Access the Forta App and switch to the Polygon network. This step ensures your wallet is ready to interact with the open-source FORT Staking Vault smart contract.
2. Deposit: Stake the desired amount of FORT tokens. Your participation not only aids in securing the network but also enables you to earn more FORT rewards in return.
3. Secure: Once staked, you can earn rewards as the nodes you have delegated to perform in accordance with network SLAs without any further action.If a node fails to broadcast network security data accurately or acts maliciously, there is a risk of any stake delegated to that node being slashed in accordance with the network’s Slashing Policy.
With Forta, staking is made simple and efficient, earning you rewards while enhancing Forta’s security.
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