The Fractal ID Wallet is a browser extension that lets users receive staking rewards for issuing a credential to a DID contract.
The Fractal ID wallet is a browser extension that lets users receive staking rewards for issuing a validated credential to a Decentralized ID (DID) contract. To use that, the user needs a pre-existing wallet with the respective tokens (e.g. MetaMask) and an existing level of an approved Fractal ID.
Once a KYC check has been conducted on the Fractal ID website, the user can issue a validated credential and initiate a transaction to a DID contract (=smart contract or set of contracts containing the credentials).
This allows access to a staking panel on the Fractal website: for each staking contract, the number of tokens can be set before submitting the transaction. At any time, the user can choose to withdraw tokens from each of the staking contracts. The panel includes a preview of the amount they would earn by withdrawing. The user is only able to deposit once and withdraw the total amount per each contract. Yet, they can see the current balance, yield already generated & current APY.