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How to setup a DeFiChain Masternode on Allnodes
How to setup a DeFiChain Masternode on Allnodes

DeFiChain (DFI) Masternode Hosting

Allnodes Team avatar
Written by Allnodes Team
Updated over a week ago

A DeFiChain Masternode can only be hosted with the DeFi Wallet desktop app.

There is an option to receive rewards more often, but you need to freeze your collateral for 5 or 10 years.

A legacy DFI address that starts with an 8 is required to host a Masternode. To generate a Legacy DFI address, check steps 2-4 of our instructions.

Instructions for the DeFI Wallet desktop app:

  1. Download and install the DeFi Wallet wallet from the official website:
    If you already have at least 20,010 DFI in your legacy address, start at step 5.

  2. Go to the "Balances" tab and press the down arrow in the DFI window.

  3. Press the "+ NEW ADDRESS" button and expand the "Show advance options".

  4. Select the "Legacy" address type and click the "Create" button.

  5. Send at least 20,010 DFI to your legacy DFI address.
    10 DFI is required to cover the costs of the initial activation transaction.

  6. Insert your collateral address here:

  7. Follow further instructions from Allnodes.

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