Deposit Funds into Escrow

Using Saga Web App

You can contribute funds towards any chainlet from the Saga Web App as long as you have the requisite funds in your wallet.

In the image below, we have a chainlet called anewchain and we would like to add funds to it's escrow account, thereby increasing the length of time the chainlet can run.

You can simply add the number of additional days you would like to fund the chainlet. The min and max buttons calculate the days of credit automatically, based on your wallet balance.

In the image above, we are adding 5 additional days to the chainlet. Simply click Fund Chainlet and follow the approval prompts from your Keplr wallet to process the funding transaction.

Transactions submitted via the Saga Web App will require approval in Keplr wallet. Simply follow the Keplr wallet prompts to approve and process the transactions.

We can see that the chainlet has been funded and it's balance has been increased to 320 PSAGA.

Note: In the image above, the Funders list (bottom right) now includes the address that added funds to the chainlet, and also reflects the stake (%) the additional funds provided to the funding address.

Using sagacli

sagacli enables you to contribute funds towards a chainlet, thereby giving you a stake in the chainlet. You can use your account functions to fund your own chainlet or any other chainlet on the SAGA network. Your funding account will be made public on the SAGA network for that Escrow.

IMPORTANT: To deposit funds into an escrow account, you will need the chain-id associated to the chainlet you wish to contribute towards. You will also need to have an account that has enough balance to cover your deposit.

To make an escrow deposit, you will execute the following command:

sagacli account deposit-escrow <chain-id> <amount to deposit> --from <key name or account address making the deposit>

Deposit Example

Let us see this deposit via an example.

Let's say we have a chainlet with a chain-id of magicwarriors_1698795593524888-1. It was launched by a user holding the key named ash.

Now, a user with the key fundkey wants to contribute some funds towards this chainlet. Once the holder of key fundkey makes an escrow deposit, these funds will be placed in an escrow account associated to chainlet magicwarriors_1698795593524888-1.

To make this deposit, we will execute the following command:

$ sagacli account deposit-escrow magicwarriors_1698795593524888-1 10000000 --from fundkey

You are about to sign and broadcast a transaction, with the following configurations:
* Keyname:                fundkey
* Keyring:                file
* Address:                saga17gk4chqd0lrkyamrxdmu62czmu0dpnemmxlymn
* Network RPC:  
* Platform chain id:      spc-testnet-1
* Ledger:                 false
* Gas limit:              250000
* Message Detail:

Do you want to proceed? (y/N):
2023-10-31T17:11:36-07:00 INF tx broadcasted to the remote node code=0 gas_used=0 gas_wanted=0 hash=4F60AFB3F923AB9AAD56D71B65651DBB5FC7C438777DE54D312ACD35CDF1C49E
ChainId                              TotalBalance        Funder                                          FunderDeposit
-------                              ------------        ------                                          -------------
magicwarriors_1698795593524888-1     290000000upsaga     saga17gk4chqd0lrkyamrxdmu62czmu0dpnemmxlymn     10000000.0000upsaga
magicwarriors_1698795593524888-1     290000000upsaga     saga1yuvju0cztlahsf6f37z9j83vwyzgj6pzhx090f     280000000.0000upsaga

As you can see, the deposit was successfully made and the output above shows the balance breakdown of funds held in escrow for chainletmagicwarriors_1679599719-1.

Further Deposit Details

For further details on making deposits to the escrow, run

sagacli account deposit-escrow --help

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