JOGUE AGORA

OPEN STAKING: The Delegator Journey on Harmony Protocol


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LIVE � �  � � 


04.05.2024

When you first jump into the staking. dashboard it might be a little. overwhelming. you've got validators you've got metrics. but what do they all mean for staking. returns as a delegator after all who you. choose to delegate to has a significant. bearing on your return so let's break it. down there are two key pieces of. information you need to hand when. selecting a validator one expected. return and to reputation for track. record the expected return is a snapshot. of a validators forwardlooking expected. earnings in ep OS a validators expected. earning rate primarily depends on their. stakes relative position compared to the. median stake in order to maintain. decentralization for example if a. validated stake is a hundred million but. the median stake is only 50 million then. this validated will earn as if he has 50.

7.5 million and the expected return rate. will be low what a validated stake. becomes too far away from the median. 1.15 of the median is the cutoff their. percentage earning rate goes down let's. say there's another validator with 10. million at stake this validate is. effective stake will be 40 2.5 million. or 0.85 of the median this validator is. also far away from the median but on the. lower side of it and that means that. this validator will earn as if he had 40. 2.5 million whereas he's only faking 10. million so this validates is expected. return rate will be very high but note. that validators expected return rate. goes down as their stake grows too much. and you should also keep this in mind if. the tokens you intend to delegate will. significantly change the total stake of. a validator if you delegate too much the.

Rewards will go down so expected return. rate is a killer metric because it. already factors in all of the median. stuff above and if you don't have time. to look at anything else just look at. the expected return. reputation is the track record of a. validator that indicates their behavior. over time and it's generally better to. select a validator with the following. attributes one they've been a validated. for a decent period of time which will. indicate their commitment to being a. genuine participant in the network to. consistent returns and uptime which. shouldn't be too volatile and will. demonstrate that they're not trying to. game the system three lower commission. fees which would indicate the validator. isn't greedy and four they've attracted. more delegate errs and a larger group. indicates confidence in the validator.

Handily you can see all of these. insights on the validator profile page. and a top tip always make sure to. diversify your stake across multiple. credible validators to minimize slashing. risk same as you would for any. investment so now that you've created. your stake portfolio what should you do. firstly monitor the performance of your. validators on the portfolio page if you. observe some of their metrics went down. or the validator became unelected you. can choose to under legate from this. validator and delegate to a new one but. don't forget the under Legation period. is seven epochs before the funds become. available and do make sure to check for. changes in commission fees secondly. check your reward balance claim your. awards and read Ella gate to validate us. of your choice so that should give you a.

good starting point for maximizing your. delegator rewards but do check out the. other videos in the series to learn more. about the specifics of the EP os. consensus mechanism. I remember delegate collect repeat

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