Alex Bondar

How To Stake Sui With Suiscan

If you hold SUI tokens, you can help secure the network by delegating to validators on the mainnet. This way, proof of stake delegators can keep or grow their percentage of the total supply over time.<h3 id="why-delegate-sui">Why delegate Sui?</h3>Sui network rewards participants with extra subsidies from 10% of the total supply, on top of gas fee rewards. Delegation is non-custodial, so validators cannot access or take your tokens. Sui does not slash your initial delegation, but your staking rewards may be lost if validators perform poorly. So choose your validators carefully.P2P.org is a trusted SUI validator that participated in all pre-mainnet tests, including the validator game. We have over six years of experience validating 40+ proof of stake networks with top ratings. Our support team is available 24/7 to assist you or answer your questions. You can join our <a href="https://t.me/P2Pstaking?ref=p2p.org">telegram</a> channel or visit https://p2p.org/ website for more information.<h3 id="step-by-step-staking-instruction">Step-by-step staking instruction</h3>To start, you need to download <a href="https://chrome.google.com/webstore/detail/sui-wallet/opcgpfmipidbgpenhmajoajpbobppdil?ref=p2p.org">Sui wallet browser extension</a> for Chrome<ul><li>Register in Sui wallet. You might lose control over your funds if you lose access to your seed phrase. Save it in a safe place. You can unlock Sui wallet from your device using the password.</li></ul><figure class="kg-card kg-image-card"></figure>

Alex Bondar

from p2p validator

Sui Wallet Staking and Delegation Guide

Sui network allocated 10% of the total supply to incentivize participants with additional subsidies paid on top of gas fee rewards. It allows proof of stake delegators to maintain or increase their share of the total supply over time.<h3 id="what-is-sui-staking">What is SUI staking?</h3>Every SUI token holder can improve network security by delegating to mainnet validators. The process is non-custodial, and validators cannot control or steal delegated tokens. Sui does not imply slashing of initial delegation. If validators cannot maintain good performance, it can result in staking rewards being seized. It is essential to select validators wisely.P2P.org is an early SUI validator that participated in all pre-mainnet testing phases, including the validator game. Our team has over six years of experience validating 40+ proof of stake networks with AAA staking rewards ratings. Our 24/7 support team is eager to help or answer your questions, feel free to join our <a href="https://t.me/P2Pstaking?ref=p2p.org">telegram</a> channel or visit <a href="https://p2p.org/?ref=p2p.org">https://p2p.org/</a> website.<h3 id="step-by-step-staking-instruction">Step-by-step staking instruction</h3>To start you need to download <a href="https://chrome.google.com/webstore/detail/sui-wallet/opcgpfmipidbgpenhmajoajpbobppdil?ref=p2p.org">Sui wallet browser extension</a> for Chrome<ul><li>Register in Sui wallet. You might lose control over your funds if you lose access to your seed phrase. Save it in a safe place. You can unlock Sui wallet from your device using the password.</li></ul><figure class="kg-card kg-image-card"></figure>

Alex Bondar

from p2p validator

P2P Joined Sui Mainnet as a Genesis Validator

The world of blockchains is evolving rapidly, with innovations and improvements in design and user experience. The goal is to create a platform that can serve the needs and aspirations of billions of people worldwide. Today, we are excited to celebrate the launch of Sui - a next-generation layer one blockchain with modular architecture and parallel execution powered by Move language.Sui uses a proof of stake mechanism that aligns validators' incentives with the network's long-term health. The team introduces the reference gas price (RGP) and storage fund to ensure predictable and affordable gas costs for users and to cover the data storage costs for validators. For every epoch, validators collectively choose the RGP, which determines their expected gas fee revenue. The storage fund is a pool of funds compensating validators for storing data on the chain over time.Sui is based on an object-oriented data model, where each object is a data piece with its own identifiers and attributes. Users can freeze objects or share them without giving up their ownership rights. This allows for more flexibility and creativity in designing applications on Sui, including collaborative scenarios. For example, users can share the game object with a streaming platform object to broadcast the game live or freeze the game object to preserve its original version.We are proud to be a genesis validator for Sui mainnet after participating in all the testing phases. This aligns with our vision of supporting the most cutting-edge projects fostering adoption in the blockchain space.Our infrastructure is secure, reliable, and distributed across different locations. We have a dedicated team of experts monitoring infrastructure 24/7 and ensuring smooth and timely upgrades. We also have a robust alert system that enables us to respond quickly to any issues or updates.If you hold SUI tokens, you can delegate them to our public node and earn rewards for securing the network.<h3 id="about-sui">About Sui</h3>Sui is a revolutionary blockchain network that aims to achieve high scalability and low costs while maintaining fast and secure transactions. Sui team has a wealth of experience and expertise in building scalable and secure systems since working on Novi/Diem at Meta. Sui has also attracted the support of prominent investors such as Jump, a16z, Binance Labs, Kosmos VC, and many others.To find out more and join the community, visit the official<a href="https://sui.io/?ref=p2p.org"> Sui website</a>,<a href="https://sui.io/developers?ref=p2p.org"> developer portal</a> and join<a href="https://discord.gg/sui?ref=p2p.org"> Discord</a><h3 id="about-p2p">About P2P</h3>P2P Validator is a leading staking provider with a proven track record and best-in-class security standards. We carefully select evaluating the most promising networks and offer only the best staking opportunities. As of the latest update, over 1.5 billion USD worth of assets staked with us by more than 40,000 delegators across 35+ networks. We have also successfully participated in all phases of Sui testing prior mainnet. P2P is committed to the long-term success of Sui ecosystem.Feel free to join the P2P community, visit the <a href="https://p2p.org/?ref=p2p.org">official website</a>, and subscribe to our<a href="https://twitter.com/P2Pvalidator?ref=p2p.org"> Twitter</a> and<a href="https://t.me/P2Pstaking?ref=p2p.org"> Telegram</a>.

Alex Bondar

from p2p validator

Sui Sui testnet wave-2: A look from the inside

On January 25th, 2023, P2P joined the Sui network testnet wave-2. We had also participated in the first wave of the testnet with the goal of understanding the node operation nuances of the Sui blockchain. The second testnet was a game played by validators and delegators to understand the network economics and staking specifics.<h3 id="high-level-overview-of-sui-economics-specifics">High-level overview of Sui economics specifics</h3>Sui is a layer one blockchain focused on scalability, user and developer experience, and utilizes its own variant of the Move programming language. It allows for consensus to be forgotten in simple use cases, and transaction processing is parallelized.In this article, we will briefly cover two elements of the Sui economy:<ul><li>Storage Fund</li><li>Reference Gas Price Mechanism</li></ul>Let’s start with the storage fund. It plays the role of a compensation buffer to reward validators for on-chain data storage. It is evenly staked to validators and a portion of staking rewards get reinvested back into the fund. This parameter influences the overall reward calculation. It starts relatively low in the beginning but its share steadily increases slowly along with the storage growth.Another element influencing the validator rewards is a Reference Gas Price [RGP]. It represents the minimum price at which validators are willing to process transactions. For users, it plays the role of a guide when propagating transactions ensuring that gas prices close to the reference price will be executed appropriately. Every epoch, validators submit their quotes for RGP and the protocol chooses the 2/3's percentile by stake as the epoch reference price.Staking rewards consist of stake subsidies and gas revenue. Subsidies are known for each epoch. For testnet-2 epoch, subsidies were equal to 0,01% * total stake (mainnet subsidies will differ from wave-2) making them relatively low compared to gas revenue. Validators could calculate expected gas revenue based on the selected RGP and on-chain activity. Each participant received random costs and had to select RGP to remain profitable but at a reasonable level to improve UX and maintain lower transaction costs for users.<h3 id="testnet-overview">Testnet overview</h3>The Sui team has prepared a dashboard to track the progress of the validators during the testnet If validators selected an RGP that was equal to or lower than the final epoch RGP, they received a bonus point. Points were also assigned for maintaining positive profitability during the epoch. The score rules were changed after the 6th epoch to switch the behavior of participants during the game, so some data will be split in two groups: The first group from epoch 2 to epoch 6, and the second group from epoch 7 to epoch 31. The first two epochs were experimental and were not counted and we excluded them from the analysis.Validator shares and costs varied during the testnet, resulting in different capabilities to remain profitable and get into the ⅔ percentile in RGP voting leading to a semi-random points distribution. The analytics below can bring some clarity to the actual activity of participants during the testnet. Important note, validators could have different goals and strategies for the game, and the data below should not be taken as a representation of participation quality. We set the following goals for the testnet:<ul><li>To align with Sui economics specifics</li><li>To understand the RGP selection process and build a reliable model to calculate it</li></ul>We decided to prioritize the calculation precision and set our RGP quotes for each epoch with a targeted profitability margin of 5-15%. Our goal was to strike a balance between maintaining profitability without overpricing the user experience. It’s important to note that the logic for the mainnet may differ from that of the testnet.<h3 id="wave-2-analytics">Wave-2 Analytics</h3>The economic conditions during the testnet changed every epoch, requiring validators to adjust their strategies in order to remain profitable. Out of the 41 validators, only 17 changed their RGP for 80% of the epochs during the testnet.<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/Kz0Q0-DgbF35ujQVJbD2hJ083ZFVCJ6HzY7JjfBd5sOgr3J5roudMxqoFNfpFMZobviLue1kpd_mbU2G2ebHCyPrTMdO1PttWC8dPs5dOw9ZtxLYO6QDxizl4W-ryEAfUZtM5M8HH4pvN18x48Vw8tE" class="kg-image" alt loading="lazy" width="615" height="351"></figure>Profitability was an important part of the assessment, and the following breakdown shows the number of epochs in which each validator had positive profits. However, it is important to note that validators may have had different goals for the testnet. Nonetheless, over 50% of participants were able to make a profit in 80% of the epochs.<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/DBwnNdG7x-WMqH9NevDtILzT8muOnKQmAA1vi00V3Olo_x9nC713a98Au4BYljCHAqJ-Ey-QovfX9OhRbk3tAswqGlhvwPS-O3YXS6LhQ2nmAzoCGNEsoJ-5ToA1_AQduBzBEDNbhZ2AFFbPOuv6M7k" class="kg-image" alt loading="lazy" width="624" height="296"></figure>This chart shows the total margin of validators during the testnet. We can observe changes in behavior after the rule change that stopped punishing validators for not being in the ⅔ percentile with their RGP quotes.<figure class="kg-card kg-image-card kg-card-hascaption"><img src="https://lh4.googleusercontent.com/MNJK1YAe8-t2MqRNbiAK-PqKKofoEi02oNgVaCcVdIivrJN8m7fmeuy5rw3PKfFqZeavV5wibb-7ewuWHHxCO1KRh_hBlAzh4K2KRNvTGmaDqTJzSSIivrA4bP4HrmuHdAXxY59N1zKqbG2jvi93YOY" class="kg-image" alt loading="lazy" width="624" height="304"><figcaption>Epochs 2-6</figcaption></figure>Epoch 7-31 resulted in a more selective approach that takes profit into consideration.<figure class="kg-card kg-image-card kg-card-hascaption"><img src="https://lh3.googleusercontent.com/P1bFZ02CXinViO1MTRo4xpJFGiJbf6io0xZX2Uz26PPDUAbCx9BjTKDnmTvV3TkobVWkxKrs3yFfLKH3KDkB_wrUseLcaPqrOSxR4D9-OctEFIjTDVQr_oddggTDX4qTECOVJ7ZNKotFUdj-KZ76rh8" class="kg-image" alt loading="lazy" width="624" height="304"><figcaption>Epochs 7-31</figcaption></figure>In the following plots, we will display the standard deviation of each validator, which indicates how stable and precise their margin was. A lower standard deviation indicates more precise and consistent RGP quotes. For instance, if a validator quoted around 10% margin most of the time, their deviation would be low.<figure class="kg-card kg-image-card kg-card-hascaption"><img src="https://lh5.googleusercontent.com/wn2t8VuyRxjTSWm8oBEYyNClUV-2WRc2jWuPrjFr27lGjFs0zqJmctTxbk65mpOcC1Db6SWJMD772ok_U5ZTCMlFUgplSQg6ghdFGsWzDtXDHuNBxkxuuIJtTecFg86wE59lfDVg0I0symK6pJhwxVQ" class="kg-image" alt loading="lazy" width="624" height="315"><figcaption>Epochs 2-6</figcaption></figure><figure class="kg-card kg-image-card kg-card-hascaption"><img src="https://lh3.googleusercontent.com/sofwFnKTNhtRXpRCAKN2bdZBsJUsOOCpkZ_Rsql67YEMFuChDmYKIfOvPZ0o6iFYiPoRwkWq-OMOsznP5SUVOgvehZ68yboAda2HJXpoGDaVIClwEJfyuRAmlRoFWtOYwDFcyMizoslIhFd9_VCn3TU" class="kg-image" alt loading="lazy" width="624" height="272"><figcaption>Epochs 7-31</figcaption></figure>Another way to represent margin statistics is through the mean, total and median margin parameters, which also provide insights into validator behavior. This chart excludes extreme values that deviate from the average by more than 2.5 standard deviations. If all three parameters are similar, it indicates that a participant successfully targeted and maintained the margin. For instance, the mean, total and median parameters for P2P vary from 8 to 11 percent, falling within the selected 5-15 percent range that we aimed for internally beforehand.<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/zYeUw2njbpfDchttyajDZN5o_z0yS6SuhDXBHSdDCqhIQuhJb0RBZcNjzXf5ZoEFLlU-XNfNADzqUD4j5pk4q_WD9rieY2NG7Kc8WJ7yvf_BclWRA-O_FWYI99ZZdN1MvfQMuhAJ-zf918yo-3auryU" class="kg-image" alt loading="lazy" width="624" height="268"></figure>Feel free to explore the <a href="https://docs.google.com/spreadsheets/d/1XAe7rFMQ2I9BZHNiJHbcMZvgRXdu9KcGKXPfQo84Yus/edit?usp=sharing&ref=p2p.org">spreadsheet with the data</a> and graphs provided in the article.For a more detailed picture we have compiled a heatmap showing the deviation from each validator’s optimal RGP for each epoch. We assumed that the validator's optimal RGP is calculated based on a random margin value within the 5-15% interval. We can infer that In the second part of the game, validators moved towards profitability and calculated their RGP more precisely.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/rmUHootLT_PQVFlI-hVLXMDAbtiYWtVGUIiMbvWZiNS1B1n6cn5vtI4Rr2wS3gx-d6MDlQlhV1oRv3inaytTRf_fHexlbeyskVzNPJKmv9QVeGUKKXTYRvPgbp1JqUqjGL6mka5tL_BW_4zYK2Kvj2c" class="kg-image" alt loading="lazy" width="624" height="573"></figure><h3 id="summary">Summary</h3>The Sui testnet-2 was an intriguing experiment that contributed to a better understanding of staking economics and network specifics.<ul><li>Validators were able to experiment with different calculations to develop their own strategies during the game</li><li>The main purpose of RGP is to maintain a balance between validator profitability and end-user experience</li><li>Using an optimal margin level for calculating RGP may be an effective way to achieve both goals</li><li>Calculating RGP involves multiple parameters that can fluctuate and may be difficult to predict in advance leaving room for modeling improvements over time</li><li>Participating in a testnet is an excellent opportunity to familiarise with network specifics and prepare for mainnet launch.</li></ul>If you’re interested in staking or in launching a white-label validator with us, feel free to express interest on p2p.org. We’ll keep you informed about key milestones and help you get onboarded to the mainnet from the very beginning.<hr>Special thanks to Alexey Toporov for aggregating the data and creating the charts for the article.<hr><h3 id="about-p2p-validator">About P2P Validator</h3><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading staking provider with the best industry security practices AAA SR-rating and proven expertise. We provide comprehensive due diligence on digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than 1 billion USD value is staked with P2P Validator by over 40,000 delegators across 40+ networks. We have successfully participated in Sui testnet-1 & testnet-2 to become the most comprehensive partner for staking and branded node maintenance.

Alex Bondar

from p2p validator

Quicksilver P2P Joines Quicksilver Mainnet as a Genesis Validator

Liquid staking became one of the key elements of modern DeFi. It gives higher flexibility for end users and allows them to capitalize on illiquid staking positions based on their risk appetite. Liquid staking can improve decentralization and censorship resistance for the underlying proof-of-stake network. Quicksilver is a sovereign protocol that aims to bring liquid staking to the broad Cosmos ecosystem.Most TVL in Cosmos is locked in staking making users decide between DeFi and participation in network security. Quicksilver will utilize the liquidity staking module (LSM) that allows delegators to avoid unstaking their assets and make deposits into the protocol without losing rewards during the unbonding period. It also helps to maintain better security of the underlying chain. In the long term, it will seamlessly boost DeFi within the Cosmos ecosystem involving a portion of assets that are locked in staking and not transferable.Quicksilver Protocol will be able to query the number of qAssets of a user and provide the ability to participate in governance according to the voting power, without the need to return qAssets. Through its concept of proxy governance, users will be able to vote on proposals directly through Quicksilver.We are thrilled to announce that<a href="https://p2p.org/?ref=p2p.org"> P2P.ORG</a> joins Quicksilver as a genesis validator. It aligns with our intention to improve security, censorship resistance, and support better decentralization.P2P has broad expertise in operating Cosmos SDK chains. We participated in the launch of Cosmos Hub mainnet and more than 10 other networks. P2P participated in the Quicksilver testnets to get familiar with operation specifics and prepare for mainnet launch. Our team provides 24/7 technical support and maintenance using best security practices.<h1 id="about-quicksilver">About Quicksilver</h1>Quicksilver is a liquid staking protocol that will bring liquidity to staked assets within Cosmos ecosystem. The team consists of former engineers from Chorus One. Quicksilver funding was received from investors like Strangelove Ventures, Interop Ventures, Iqlusion, Ki Foundation, Cerulean Ventures, and validators aligned with the ecosystem's values. More than 50% of QCK supply is expected to be airdropped to the users.Learn more by visiting the<a href="https://quicksilver.zone/?ref=p2p.org"> official website</a> and<a href="https://twitter.com/quicksilverzone?ref=p2p.org"> Twitter</a>. If you are a developer, explore Quicksilver in more detail on<a href="https://discord.com/invite/xrSmYMDVrQ?ref=p2p.org"> Discord</a>.<h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading staking provider with the best industry security practices<a href="https://www.stakingrewards.com/savings/p2p-validator/?ref=p2p.org"> AAA SR-rating</a> and proven expertise. We provide comprehensive due diligence on digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than 750 million USD value is staked with P2P Validator by over 35,000 delegators across 40+ networks. We have successfully participated in Quicksilver testnets willing to provide long-term strategic support to the project.

Alex Bondar

from p2p validator

Agoric P2P Validator Joins Agoric as a Node Operator

Agoric is a secure JavaScript smart-contract platform that allows developers to reuse a set of trusted components to build decentralized applications (dApps). Smart-contracts power the new efficient economy that doesn't rely on a third party while all the interactions within the system are fair and transparent. Critical smart-contract bugs result in million dollar losses for developers and users of dApps. They are still considered risky and difficult to use.Agoric uses an object-capabilities (ocap) security architecture defining constraints on how references to the objects are obtained. It simplifies building an application allowing developers to focus on it's purpose and makes interaction with contracts much safer. With the Zoe framework developed by Agoric even a buggy contract won't lead to the loss of funds put inside as they become automatically escrowed.Another well-known problem is a lack of developers in crypto. Many exciting use cases are still to be invented. Inflow of new talents can boost the ecosystem’s growth adding to composability. JavaScript remains the most fast-growing programming language having over 10 millions developers all over the world. We believe that a composable framework built by Agoric is capable of attracting a significant portion of JavaScript developers into the space.We are excited to announce that P2P Validator joined Agoric mainnet as a node operator. Agoric vision is fully in line with our mission to make decentralized finance secure, accessible and simple for everyone.Our team has more than 3 years of experience in validating Tendermint based networks. P2P Validator maintains highly-available nodes, uses advanced alerting and monitoring systems providing 24/7 technical support. We are early Agoric investors having our own skin in the game.Currently Agoric is in phase 0 of mainnet. We have prepared a <a href="https://p2p.org/economy/staking-agoric-with-keplr-wallet/">staking guide</a> to simplify delegation process. Feel free to visit <a href="https://p2p.org/agoric?ref=p2p.org">p2p.org/agoric</a> to find out more.<h3 id="about-agoric">About Agoric</h3>Agoric is developing a secure distributed ocap platform for smart-contracts and market-oriented programming. It provides a reusable library of safe composable DeFi components to build decentralized applications at scale. It is built by the team that is deeply involved in the JavaScript and Cosmos ecosystem. Agoric is supported by notable venture funds including Polychain, Outlier Ventures, Placeholder, Compound and many others.Learn more by visiting the<a href="https://agoric.com/?ref=p2p.org"> Agoric website</a>,<a href="https://twitter.com/agoric?ref=p2p.org"> Twitter</a> or<a href="https://t.me/agoricsystems?ref=p2p.org"> Telegram</a>. If you’re a developer, explore possibilities<a href="https://agoric.com/develop/?ref=p2p.org"> here</a> and join the discussion on<a href="https://agoric.com/discord?ref=p2p.org"> Discord</a>.<h3 id="about-p2p">About P2P</h3><a href="https://p2p.org/?utm_source=p2p_agoric_announcement&utm_medium=blog_post&utm_campaign=announcement_about_p2p_agoric&utm_id=2">P2P Validator</a> is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than 3 billion of USD value is staked with P2P Validator by over 20,000 delegators across 25+ networks. We are early Agoric investors committed to provide a long term support for the ecosystem.

Alex Bondar

from p2p validator

Mina Mina Protocol Staking Economics & Rewards

In this blog post we will briefly walk through the Mina protocol incentives and cover staking rewards calculation.Staking economics is very important for proof of stake (PoS) networks. Proper incentives help blockchains to maintain properties such as immutability and censorship resistance, building a solid foundation of node operators securing the network participating in consensus.  <h3 id="mina-inflation">Mina Inflation</h3>Most PoS networks implement continuous token emission to incentivize node operators and delegators. Mina is not an exception. There is no cap of a max MINA supply as it grows every block. Every canonical block (successfully produced block written in the main chain) contains a coinbase (block reward) that is distributed to a node operator that produced it.Currently, block rewards are fixed at 720 MINA to constitute the inflation of 12% assuming that all tokens are staked. In future it is expected for block rewards to be dynamic targeting inflation depending on a staking ratio to incentivise participation in staking. The less tokens are staked the higher will be the coinbase.Token emission will decrease periodically until it reaches 7% annually. This schedule can be changed by the community via governance procedure in future.<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/x0gebrSAlSXAjB8-rg0c8BVUr_RAAtrW1ywDEmakBgNCCWKDc3cuxz4sSO-c-0qVAidRHOEAGWh-W-isPlH5FqmdWR8LVloHMtlgY_DfBKx31fqrZvJ2FsxPDUjwMlhieGvUO1Fe" class="kg-image" alt loading="lazy"></figure>For token holders, staking is important to avoid dilution of their total share in Mina network. Some MINA tokens are locked for a certain period of time. They are not transferable but capable of being delegated or staked. Coinlist token sale participants and those who purchased MINA on exchanges have unlocked MINA that can be transferred to any Mina address.To further incentivise staking every address without locked Mina will receive a higher return on its Mina due to supercharged coinbase. <h3 id="mina-protocol-specifics">Mina Protocol Specifics</h3>In Mina periods are split into epochs that last approximately 14 days and 21 hour. Staking operations like delegating and undelegating are executed immediately, but effects are applied only a couple epochs later due to Mina specifics. Stake distribution and balances are fixed for a particular epoch and any changes are taken into account with a time lag of 1-2 epochs.Epoch consists of 7140 slots, each is a period of time when node operators can create a block and produce SNARKs (proofs for transactions that compress the size of a blockchain). Currently it lasts ~3 min, but it can be shortened in future.Chances of being selected as a block producer are proportional to the node operator's stake. The final output is determined by a<a href="https://en.wikipedia.org/wiki/Verifiable_random_function?ref=p2p.org"> verifiable random function</a> (VRF). Multiple pools can be assigned with the same slot potentially resulting in a short-range fork that will be resolved by <a href="https://minaprotocol.com/blog/how-ouroboros-samasika-upholds-minas-goals-of-decentralization?ref=p2p.org">Ouroboros Samasika</a>.In fact, all accounts delegated to a particular pool participate in the VRF distribution to win the slot. Staking pool that is being delegated by the winning account can compete for the slot and receive a reward if the block was selected by the consensus rules as a canonical one. In general, coinbase is 720 MINA at the moment, but if the account that was assigned to that slot holds only unlocked tokens - coinbase is doubled being equal to 1440 MINA.There is no slashing in protocol rules, but rewards to delegators are distributed by block producers manually, pro rata to their share in the pool. It is important to select a reliable block producer as malicious actors can withhold rewards, which will result in a time lost for re-delegating to another pool. In case of a supercharged block, share of delegators with unlocked tokens is doubled to reflect their contribution to the increased coinbase (mechanics might differ among block producers). <h3 id="staking-return-calculations">Staking Return Calculations</h3>There are ~24 epochs in a year and APR will vary in a short period of time (a few epochs) but should smoothen in the long term as more epochs pass. To define expected annual staking return we can extrapolate epoch performance to future periods. This method doesn't give us precise results but allows us to see which epoch had better return compared to others.annual_apr = epoch_reward / epoch_balance * n_epochs_yearepoch_reward = total_pool_epoch_rewards * (1 - pool_fee) * delegator_sharedelegator_share = delegator_epoch_balance / total_pool_stakeCalculation above doesn’t take fees into consideration. The more epochs are aggregated for averaging the better is the approximation of annual staking return. It also doesn’t take compounding into account, but it is possible to summarise actual rewards for a year and see the overall annual return.In Mina, rewards received from delegating are staked automatically by design. Try to use a<a href="https://docs.google.com/spreadsheets/d/124XccIxA3O3K6vKxmflp3oOzFRTNGhEQRCGo4j_cLd0/edit?usp=sharing&ref=p2p.org"> simple spreadsheet</a> to check your epoch rewards. We provide reward reports for P2P delegators by request, visit p2p.org/mina for more details.<hr>Note, that payout is not always equal to an epoch reward as some pools (including P2P) distribute rewards more frequently, so you will need to add up those. If you have questions, feel free to join our<a href="https://t.me/P2Pstaking?ref=p2p.org"> telegram chat</a>. We are always open for communication.<hr><h3 id="about-p2p-validator">About P2P Validator</h3>P2P Validator is a world-leading non-custodial staking provider securing more than $3.2 billion in staked assets by over 10,000 delegators across 25+ high-class networks. P2P Validator is an early genesis member and one of the early seed peer providers. We have been participating in Mina since the first testnet and intended to support Mina in the long term.Web: <a href="https://p2p.org/?ref=p2p.org">p2p.org</a>Stake MINA with P2P: <a href="https://p2p.org/mina?ref=p2p.org">p2p.org/mina</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>LinkedIn: <a href="https://www.linkedin.com/company/p2p-org/?ref=p2p.org">LinkedIn.com/company/p2p-org</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Mina Mina Staking Guide: Stake MINA Using Clorio Wallet

Clorio wallet is in beta version with an open sourced codebase. It is highly recommended to verify the checksum of the application if using a desktop version.<a href="https://p2p.org/mina?ref=p2p.org">Mina</a> is a lightweight, highly efficient blockchain allowing network participants to seamlessly join the network to verify and secure the chain. On the Mina blockchain you can stake your MINA tokens to earn staking rewards - currently up to 24% APY. The following guide walks you through Mina staking using <a href="https://clor.io/?ref=p2p.org">Clorio wallet</a>. Clorio is a Mina specific wallet which lets you store, send and stake your <a href="https://p2p.org/mina?ref=p2p.org">Mina</a> tokens.<hr><h2 id="staking-mina-protocol-mina-video-guide">Staking Mina Protocol (MINA): Video Guide</h2><iframe width="560" height="315" src="https://www.youtube.com/embed/Pgbt-DXWX_A" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe><hr><h2 id="staking-mina-using-clorio">Staking MINA Using Clorio </h2>For more information, follow the steps below.<ol><li>Creating a Mina Wallet</li><li>Staking Mina using Clorio</li></ol> <h3 id="1-creating-a-mina-wallet">1. Creating a Mina Wallet </h3>It is possible to access Clorio using Ledger wallet if you have installed the <a href="https://docs.minaprotocol.com/en/advanced/ledger-app-mina?ref=p2p.org">Mina app</a>.<ol><li>Visit <a href="https://mainnet.clor.io/?ref=p2p.org">mainnet.clor.io</a> and press Create wallet. Select your preferred way of accessing the wallet.</li></ol><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/uxaxr6vCdtp5Ey8JfYfkKrN3zov67lUyqNGylWldR1n2PxH0yO5f6ZpobmhKzgFPH270NHbn860d41GoUSdczbmH7mZsegxGEvaKLVlZg0fZ8x-5BdiZR2uJtbJxLFT0uDAcMMul" class="kg-image" alt loading="lazy"></figure>2. Save your private key in a safe place. Download a PDF paperwallet and press Continue.<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/G0CSbFS6gCocTHjnrEqb0t5N1gjWtCTbsqWYivolqbBlw2tQRo_OOSPxNrmDKkvSkjXtGcZ0PqVkiV0orpUA6a-13yQBFFwO74882yFH9pKPIgNhrQ33xbKGJvije702lS5rSs43" class="kg-image" alt loading="lazy"></figure>3. Verify your private key and press Continue.<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/5uMlUgP9jFsUiVd6rHZyX5vTrYDznK_3t59MS_ue5WrYHpI559hq_OAo9OW0SxMIKmyIpZ6OgzkrYyj1lJtwihA4xHtqaLTjjBJcJxld3UDDtRHFrX8G3a62utUDz4PEva187eGi" class="kg-image" alt loading="lazy"></figure>4. Transfer Mina to your address. Note that for the first transaction, 1 MINA will be taken by the protocol as a wallet creation tax.<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/ors6Ati_Uz4xLH3ZSXF7GOH4Hahcx9obpe3xx3Sbg_wtsXQASsR7OJygHoGFmkcBEnXVxODnH5qOtq7DbRi550KuE0KST2thuNX1syi0kcrBHIf21dLdRmHyC7eZ2waXzZQXDqia" class="kg-image" alt loading="lazy"></figure>Your Mina wallet is now live and you can manage your Mina assets on the blockchain.<hr><h3 id="2-stake-your-mina-tokens-with-p2p">2. Stake your MINA tokens with P2P </h3>To stake your <a href="https://www.p2p.org/mina?ref=p2p.org">MINA</a> tokens and earn staking rewards, follow the steps outlined below.<ol><li>Access your wallet if needed and go to the staking hub. Select P2P Validator and click Delegate.</li></ol><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/nj32r4V7V15HEwQ0cG8dskV6lgv0K4KNcSkiv7bGY_OY-5Fj9riesVov8gw5fsF7VCgVYGsZlYUILlVFvikOciLKd2nT8CEK9XVx6U_2mA3qdiQoqI7QkoluzqpE9_o2k6Y8GTqi" class="kg-image" alt loading="lazy"></figure>2. Confirm the action.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/0RLBTMZ_V9i7YHKwffPYTwXu9NXY2bu9CKTbWmYtwr15AaS6i9xpxKtOFV-RVfoK_mYrqZsC10OOSVyMNXsyhgf79X3wTZtcUn6UFxMhAQc3poyEkA8ojBtzaRnWUFD5zpg9WnFE" class="kg-image" alt loading="lazy"></figure>3. Set the transaction fee and click Proceed. In most cases you can use a default value. It is possible to check <a href="https://feenow.minascan.com/?ref=p2p.org">feenow.minascan.com</a> to see the current state.<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/TG2ea1yagMJO8XF9K4jlUdbJvA35ojQLtgArLTKhv707FZRuDio3X2qJ7Eg6FP4bFgh8ePv3L1OS1IRJMX_bSICPUt47mFBRy7-tMLtxQhLVtzON7azUwja9sDdMCirZVdjOpVvI" class="kg-image" alt loading="lazy"></figure>4. Confirm the transaction using your Private Key.<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/4OVTlFVH4BAN1Qd3fJQ69G6KmuI-mhxIheb3cneH_Ge1dpPXJ-h_idoFlI5P4iJ0KyEZm9SEzHk3rP9YXBhmpQbPvBrfjxBP4hPC7R3KGXtqeKzWqyzgWQ1UOTc1U5eu_xMw9D5y" class="kg-image" alt loading="lazy"></figure>5. After the confirmation you will be able to see your current delegation. Also, you can go to the overview tab to check the transaction status.<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/HBddWKJjO-Su1ZUnbI7yUyQDHHZm6MqgxVkS3gnOIFwWJdCq3QacC5kvRdOlCoZBldVHvuazif9WtCdLga7tuHBpMBFmpWNYpRl7rfP8WnfZDxe0VhhvEHHQsiAwGYJ8oAf2d_mW" class="kg-image" alt loading="lazy"></figure>Congratulations! You have successfully delegated MINA to P2P Validator. You will now start earning regular staking rewards. <hr>Each block producer has own payout conditions, manually distributing staking rewards. Your delegation will start participating in the consensus after the next epoch (1 epoch is ~15 days). If you delegate from a locked account it is recommended to create a separate address, periodically transfer rewards and delegate from there as well. It increases the chances of receiving a supercharged coinbase (double block reward) benefitting all delegators of a particular pool.<hr>If you have any questions, please feel free to join our <a href="http://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a>. We are always open for communication.<hr><h3 id="about-p2p-validator">About P2P Validator</h3>P2P Validator is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than $3.2 billion is staked with P2P Validator by over 10,000 delegators across 25+ networks. We are actively involved in <a href="https://p2p.org/mina?ref=p2p.org">Mina staking</a> since the first testnet being an early genesis member and mainnet seed peer provider. <ul><li>Web: <a href="https://p2p.org/?ref=p2p.org">p2p.org</a></li><li>Stake Mina with P2P: <a href="https://p2p.org/mina?ref=p2p.org">p2p.org/mina</a></li><li>Twitter: <a href="https://twitter.com/P2Pvalidator?ref=p2p.org">@p2pvalidator</a></li><li>LinkedIn: <a href="https://www.linkedin.com/company/p2p-org/?ref=p2p.org">linkedin.com/company/p2p-org/</a></li><li>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a></li></ul>

Alex Bondar

from p2p validator

Near NEAR Protocol - Network Overview

<a href="https://p2p.org/near?ref=p2p.org">NEAR Protocol</a> is an open-source platform built to streamline the development and growth of decentralized applications (dApps). NEAR is designed with security and performance at the core, allowing developers to create applications which manage high-value assets including money, identity and contractual information, whilst at the same time allowing for quick and efficient access. With a focus on providing developers with a clean, user-friendly experience, NEARs approach to development is one focused around accessibility and scaling blockchain applications to accelerate the world’s transition to open, decentralized technologies. The protocol is a public, sharded, developer-friendly, proof-of-stake blockchain, making it an efficient platform due to its scalability and ease of use.NEAR is compatible with Ethereum 1.0 today providing a complete integration with Solidity contracts (without the need for rewrites). Furthermore, an ETH-NEAR bridge allows for cross-chain interoperability and communication. This provides developers with flexibility and removes the need to fully commit to just one tech stack. <h2 id="market-size-potential">Market Size & Potential</h2>Near Protocol was launched in 2020 with a vision to give back control of financial assets and sensitive data to the users to which it belongs, with an ambition to build digital infrastructure for a new internet where evil actors are barred from manipulating it.Similar to what has been developed by Ethereum and Polkadot, NEAR is a base-layer blockchain allowing for applications and programs to be built on top of it. Imagine Amazon’s AWS, except controlled by the NEAR community. Through the use of <a href="https://near.org/blog/the-beginners-guide-to-the-near-blockchain/?ref=p2p.org">Sharding</a>, NEAR has a capacity to scale up significantly beyond the capabilities of existing blockchain solutions. Unlike with non-sharded networks, transaction fees on the NEAR network can be kept low due to congestion on the network being alleviated through dynamically expanding the system’s capacity via resharding.<h2 id="token-allocation-utility">Token Allocation & Utility</h2>The NEAR platform is built around NEAR - a token which enables holders to use, build and deploy applications, take part in the governance of the network and earn staking rewards in the process. <figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/RzQWj6MXQhRsAoLx2H9SwVaV0csfZ3IuJTF25tpNLZyVdd7W3rQcm1bFH7HDq0woP0xvXDnj0jr5yC8v3Tec1s4Y9WUkqNRDRWTzs-9BW7XFWB6LKD5E5MJv9XamXSEBQFtiLs-8" class="kg-image" alt loading="lazy"></figure> The NEAR token sale was conducted in August 2020 with a fundraising goal of $12,500,000 which was successfully met. Investors include MetaStable, Electric Capital, Accomplice, SVAngel, Amplify and HomeBrew.  <figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/QDO53uGsKFjvI_svYrUOV6y0DXL8PXBkJGViIPZ3mU2h0EUVkxxt5qahiDMkvNT65-YZcpDdo-XeyhjQT0lqnjGIDWRVJjracdZryC63zsh7GUswd4wEbQ6c3ZXnj7MUmeDBipvq" class="kg-image" alt loading="lazy"></figure> The NEAR token is the manner in which users - developers, builders, community members, use applications on top of the NEAR network. By “use”, this refers to e.g. submitting transactions on the network. This makes the NEAR token an essential utility unit within the network.The network utilises a “gas” model very similar to that deployed by Ethereum used to pay for transactions on chain. Through a “block-rewards-with-burn” model, NEAR supply decreases over time as token supply is burned with rates of high usage. The annual token emission is 5%, while the final inflation can fluctuate based on usage and transaction burns.Even a negative inflation is a possibility based on the amount of fees burned. The effective inflation rate is calculated every epoch (½ a day). NEAR validators are rewarded with a predetermined inflationary reward with incentives aligned to incentivise enhanced network usage through improving validator return rates and security.<h2 id="slashing-risk">Slashing Risk</h2>Currently slashing is turned off but it is considered to be added with an increase of shards in the system. NEAR validators can be penalised in two primary ways resulting in a partial loss of a delegated stake:<ol><li>Double Signing: Signing two blocks at the same height.</li><li>Invalid Chunks: Producing a chunk with invalid data.</li></ol>These types of errors can occur for a number of reasons, both due to malicious intentions, as well as due to non-malicious errors or misconfigurations.To better manage the risk of accidental slashing, NEAR network uses a progressive slashing system where the portion of slasked stake is a multiple of the amount of stake that exhibited the double signing behavior during the epoch in question.<h2 id="useful-near-resources">Useful NEAR Resources</h2><ul><li><a href="https://near.org/?ref=p2p.org">Website</a></li><li><a href="https://near.org/papers/the-official-near-white-paper?ref=p2p.org">Whitepaper</a></li><li><a href="https://near.org/blog/?ref=p2p.org">Blog</a></li><li><a href="https://github.com/near?ref=p2p.org">Github</a></li><li><a href="https://twitter.com/nearprotocol?ref=p2p.org">Twitter</a></li><li><a href="https://t.me/cryptonear?ref=p2p.org">Telegram</a></li></ul>To learn more about delegating NEAR with P2P, visit <a href="https://www.p2p.org/near?ref=p2p.org">www.p2p.org/near</a>. <h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion in staked assets by over 10,000 delegators across 25+ high-class networks. Our infrastructure is under advanced monitoring with alerts and 24/7 technical support making it the best choice for institutional investors.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">p2p.org</a> Stake NEAR with us: <a href="https://p2p.org/near?ref=p2p.org">p2p.org/near</a> Twitter: <a href="https://twitter.com/P2Pvalidator?ref=p2p.org">@p2pvalidator</a> Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Regen Regen Network (REGEN) Staking Guide [Keplr & Ledger Wallet]

This simple guide will walk you through the steps of staking your Regen Network (REGEN) tokens using the Keplr wallet extension and/or Ledger wallet.<hr><a href="https://www.regen.network/?ref=p2p.org">Regen Network</a> is a network to enhance regenerative land management through an improved alignment of economic incentives. Regen is a PoS network, meaning contributors can stake their REGEN tokens to contribute to the security of the network and earn staking rewards in the process of doing so. <h3 id="how-to-stake-regen">How to stake REGEN</h3>1) Visit <a href="https://wallet.keplr.app/?ref=p2p.org">wallet.keplr.app</a> using your Chrome browser, where you will be asked to connect your Keplr extension.If you have registered the Regen Network address with Ledger, make sure that your firmware is up to date. To check, unlock your Ledger hardware wallet and open the Cosmos application.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/unlock-your-Keplr-account.PNG" class="kg-image" alt loading="lazy" width="1866" height="786" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/unlock-your-Keplr-account.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/unlock-your-Keplr-account.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/unlock-your-Keplr-account.PNG 1600w, https://p2p.org/economy/content/images/2021/04/unlock-your-Keplr-account.PNG 1866w" sizes="(min-width: 720px) 720px"></figure>2) Login to your Keplr account. If you have multiple accounts click on the extension icon in the top right corner and select the account you used for Regen address registration.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/2.PNG" class="kg-image" alt loading="lazy" width="1860" height="959" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/2.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/2.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/2.PNG 1600w, https://p2p.org/economy/content/images/2021/04/2.PNG 1860w" sizes="(min-width: 720px) 720px"></figure>3) Navigate to the Regen Network.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/3.PNG" class="kg-image" alt loading="lazy" width="1893" height="964" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/3.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/3.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/3.PNG 1600w, https://p2p.org/economy/content/images/2021/04/3.PNG 1893w" sizes="(min-width: 720px) 720px"></figure>4) Press the Stake button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/4.PNG" class="kg-image" alt loading="lazy" width="1890" height="903" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/4.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/4.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/4.PNG 1600w, https://p2p.org/economy/content/images/2021/04/4.PNG 1890w" sizes="(min-width: 720px) 720px"></figure>5) On the Keplr dashboard, select P2P as the validator and click Manage.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/5.PNG" class="kg-image" alt loading="lazy" width="1893" height="909" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/5.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/5.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/5.PNG 1600w, https://p2p.org/economy/content/images/2021/04/5.PNG 1893w" sizes="(min-width: 720px) 720px"></figure>6) Click Delegate.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/6.PNG" class="kg-image" alt loading="lazy" width="1912" height="910" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/6.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/6.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/6.PNG 1600w, https://p2p.org/economy/content/images/2021/04/6.PNG 1912w" sizes="(min-width: 720px) 720px"></figure>7) Specify the amount of REGEN to stake and press Delegate.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/7.PNG" class="kg-image" alt loading="lazy" width="1915" height="910" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/7.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/7.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/7.PNG 1600w, https://p2p.org/economy/content/images/2021/04/7.PNG 1915w" sizes="(min-width: 720px) 720px"></figure>8) Select the transaction speed and approve it - wait for a confirmation.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/8.PNG" class="kg-image" alt loading="lazy" width="1906" height="912" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/8.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/8.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/8.PNG 1600w, https://p2p.org/economy/content/images/2021/04/8.PNG 1906w" sizes="(min-width: 720px) 720px"></figure>Congratulations, you have successfully delegated your REGEN tokens. This contributes to the security of the Regen Network and allows you to earn staking rewards in the process. Staking rewards are accrued in real time and should be claimed manually to re-stake achieving compounding effect.<hr>Do you have issues with REGEN staking? Join our<a href="https://t.me/P2Pstaking?ref=p2p.org"> Telegram</a>, and we can help you get set up as a delegator. <hr><h2 id="about-p2p-validator">About P2P Validator</h2>P2P Validator is a world-leading staking provider with the best industry security practices and proven expertise. At the time of the latest update, over $3 billion of USD value is staked with P2P Validator by more than 10,000 delegators across 25+ networks. Our infrastructure is under advanced monitoring with alerts and 24/7 technical support making it the best choice for institutional investors. We have been involved in Regen Network testnets and invested own funds intending to provide long term support.<hr>Web:<a href="https://p2p.org/?ref=p2p.org"> p2p.org</a> Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a> LinkedIn:<a href="https://www.linkedin.com/company/p2p-org/?ref=p2p.org"> LinkedIn.com/company/p2p-org</a> Telegram:<a href="https://t.me/P2Pstaking?ref=p2p.org"> t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Mina Mina Protocol - Network Overview

Mina is a decentralized proof-of-stake blockchain with a constant-sized chain of ~22kb, which is possible due to utilising zero knowledge proofs.Such a small size allows anyone to synchronise the chain almost instantly making participation in consensus quick and efficient.Developers will be able to build <a href="https://minaprotocol.com/docs/architecture/snapps?ref=p2p.org">SNARK-powered applications</a>, Snapps, on top and empower privacy and data security features and users will be able to control their personal information through sharing proofs instead of the data itself.<h2 id="current-state-market-potential">Current State & Market Potential</h2>Mina Protocol was successfully launched on mainnet on March 23, 2021, after more than two years of continuous research and development.The problem of personal data has become more relevant than ever. According to <a href="https://www.csis.org/analysis/economic-impact-cybercrime?ref=p2p.org">CSIS</a>, two-thirds of people online suffered from bad actors resulting in leaks of personal data. Adding to this, more than <a href="https://notified.idtheftcenter.org/s/resource?ref=p2p.org#annualReportSection">290 million identities were compromised</a> in 2020 alone.Giving up the right to verify data by a single third party leads to the risk of giving it to the wrong entities. Through being a light-weight protocol, Mina allows anyone to run a node, increasing the number of participants who add up to the decentralization at lower cost of operating an infrastructure.For example, current Bitcoin chain size is over 320Gb while Mina would allow full node security with just ~22kb of data, by utilizing recursive zk-SNARKs (a type of zero knowledge proof), eliminating the requirement for nodes to store the whole chain state.<h2 id="token-allocation-utility">Token Allocation & Utility</h2><a href="https://minaprotocol.com/blog/mina-token-distribution-and-supply?ref=p2p.org">Mina raised ~$29 million</a> from over <a href="https://minaprotocol.com/about?ref=p2p.org">46 institutional backers</a>, including Accomplice, Paradigm, Fenbushi, Naval Ravikant and Bixin Ventures.The overall token allocation looks as follows:<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/4LCyUILYTJx73CcdbQcprJiykrcsXh8OM1fCH0O8N2rWgNTq4K6To0kc3haEmCxOYPYnNl-AJJk2iCE3Ajsj_6oN6ZHTD7zKvkIc4DKDcMKk_VsrlN9pfYsnJ38N4Z7vuocSO_1M" class="kg-image" alt loading="lazy"></figure>Mina native token is a staking unit serving the purpose of securing the network and incentivizing nodes to provide their services. Transaction fees are also denominated in the native MINA token, as well as SNARKs, which are necessary to maintain the lightness of the Mina blockchain.There will be a MINA <a href="https://coinlist.co/mina?ref=p2p.org">public sale via Coinlist</a> on 13th of April. To acquire tokens you should register in advance and await further instructions.<h2 id="staking-economics">Staking Economics</h2>Mina currently uses <a href="https://minaprotocol.com/blog/how-ouroboros-samasika-upholds-minas-goals-of-decentralization?ref=p2p.org">Ouroboros Samasika</a> consensus. Block producers for a particular epoch (~14d 21h) are selected using verifiable random function and chances to win a slot are proportional to the delegated stake.During the first year, block rewards will target an annual inflation of 12% decreasing down to 7% after 2 years. Each successfully produced block contains a coinbase (reward for producing the block), which is currently equal to 720 MINA. If the account that has won a slot has no locked up tokens on a balance (e.g. users who purchase tokens from the Coinlist sale), the block coinbase will be supercharged resulting in a double reward. Supercharged rewards are in place for the first 15 months of mainnet.Holders can delegate their funds in a non-custodial manner to earn a share of rewards in proportion to their stake. Staking since the beginning of the mainnet will result in higher returns for delegators.We encourage delegators with locked tokens to transfer rewards to a separate fresh address and stake from there to increase the chances of a supercharged coinbase.<h2 id="slashing-risks">Slashing Risks</h2>There is no risk of slashing due to the specifics of Ouroboros consensus family. Nevertheless, in order to receive a reward a block producer must be online at a given time slot.<h3 id="useful-mina-resources">Useful Mina resources</h3><ul><li>Website: <a href="https://minaprotocol.com/?ref=p2p.org">minaprotocol.com/</a></li><li>Github: <a href="https://github.com/MinaProtocol/mina?ref=p2p.org">github.com/MinaProtocol/mina</a></li><li>Docs: <a href="https://minaprotocol.com/docs/getting-started?ref=p2p.org">minaprotocol.com/docs/getting-started</a></li><li>Technical Whitepaper: <a href="https://minaprotocol.com/static/pdf/technicalWhitepaper.pdf?ref=p2p.org">minaprotocol.com/static/pdf/technicalWhitepaper.pdf</a></li><li>Economic Whitepaper: <a href="https://minaprotocol.com/static/pdf/economicsWhitepaper.pdf?ref=p2p.org">minaprotocol.com/static/pdf/economicsWhitepaper.pdf</a></li><li>Blog: <a href="https://minaprotocol.com/blog/?ref=p2p.org">minaprotocol.com/blog/</a></li><li>Forum: <a href="https://forums.minaprotocol.com/?ref=p2p.org">forums.minaprotocol.com/</a></li><li>Community: <a href="https://discord.com/invite/Vexf4ED?ref=p2p.org">discord.com/invite/Vexf4ED</a></li></ul><hr>Want to stake Mina with us? Visit p2p.org/mina to find out more about Mina staking and our special offer. If you have any questions, feel free to join our<a href="https://t.me/P2Pstaking?ref=p2p.org"> Telegram chat</a>, we are always open for communication.Special thank you to <a href="https://twitter.com/etekis?ref=p2p.org" rel="noopener noreferrer">Emre Tekişalp</a> for the contributions to this article.<hr><h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion in staked assets by over 10,000 delegators across 25+ high-class networks. P2P Validator is an early genesis member and one of the early seed peer providers. We have been participating in Mina since the first testnet and intended to support Mina in the long term.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">p2p.org</a>Stake MINA with P2P: <a href="https://p2p.org/mina?ref=p2p.org">p2p.org/mina</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>LinkedIn: <a href="https://www.linkedin.com/company/p2p-org/?ref=p2p.org">LinkedIn.com/company/p2p-org</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Mina Mina Protocol (MINA) Staking Guide

This delegation guide will walk you through the steps of staking MINA tokens using the client interface to earn <a href="https://p2p.org/mina?ref=p2p.org">Mina Protocol staking</a> rewards. To get started, please ensure that you have a wallet funded with MINA tokens.<h3 id="step-1-set-up-the-environment">Step 1: Set up the environment</h3>To get started here, install Ubuntu 18.04/Debian 9. Upon successful installation, please follow the steps outlined below: <ol><li>Add repository: echo "deb [trusted=yes] http://packages.o1test.net release main" | sudo tee /etc/apt/sources.list.d/mina.list</li><li>Update: apt-get update</li><li>Install the latest Mina daemon: apt-get install -y curl unzip mina-mainnet=1.1.3-48401e9 (check release notes for the newest version)</li></ol>To confirm correct configuration, check the version: mina version (you should see: Commit 48401e92d94948c066c03ca76326c065e5cbfc92 on branch master)<h3 id="step-2-delegate-mina">Step 2: Delegate MINA </h3>Upon successfully configuring the staking environment, refer to the steps below to start delegating. 1. Unlock your account.<pre><code class="language-bash">mina account unlock -public-key $MINA_PUBLIC_KEY</code></pre>2. Delegate to a selected block producer. If you wish to stake with P2P, use our delegation address: B62qs2Lw5WZNSjd8eHBUZXFYyRjV8oKtrZMFDn1S1Ye62G71xCQJMYM3. Paste the following code:<pre><code class="language-bash">mina client delegate-stake \ -receiver B62qs2Lw5WZNSjd8eHBUZXFYyRjV8oKtrZMFDn1S1Ye62G71xCQJMYM \ -sender $MINA_PUBLIC_KEY \ -fee 0.1</code></pre>Your delegation will start to take part in consensus after the next epoch or two (~15 - 29 days). There is no MINA un-bonding period and staking rewards are distributed manually every epoch (~14d 21h) and automatically staked if your account is delegating.If you delegate from an account with locked tokens it is highly recommended to transfer your rewards to a separate fresh account and stake from there to increase the probability of receiving a supercharged coinbase.<hr>If you have any questions, please refer to our<a href="https://t.me/P2Pstaking?ref=p2p.org"> Telegram chat</a>. We are always open for communication.<hr><h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than three billion of USD value is staked with P2P Validator by over 10,00 delegators across 25+ networks. Our infrastructure is under advanced monitoring with alerts and 24/7 technical support making it the best choice for institutional investors.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">p2p.org</a>Stake MINA with us: <a href="https://p2p.org/mina?ref=p2p.org">p2p.org/mina</a>Twitter: <a href="https://twitter.com/P2Pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Near Near Protocol (NEAR) Staking Guide

The following guide walks you through the process of NEAR staking. This guide is for those who already have a funded NEAR account. If you don’t, go to <a href="https://wallet.near.org/?ref=p2p.org">wallet.near.org</a> to set up an account.<hr>Near Protocol (NEAR) is an open-source platform which is designed to build and empower decentralised applications. NEAR token holders can stake their tokens to earn up to 11% APY. The following guide walks you through the Near staking using <a href="https://wallet.near.org/?ref=p2p.org">Near Wallet</a>. Near Wallet is a Near specific wallet which lets you store, send and stake your tokens.<hr><h3 id="staking-near-protocol-near-video-guide">Staking Near Protocol (NEAR): Video Guide</h3><iframe width="560" height="315" src="https://www.youtube.com/embed/aRXNQlEa4D4" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe><hr><h3 id="staking-near-using-near-wallet">Staking NEAR using Near Wallet</h3>1. Import your account from <a href="https://wallet.near.org/?ref=p2p.org">wallet.near.org/</a> and access it. If you use ledger make sure that firmware and NEAR application is up to date.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2022/01/image-1.png" class="kg-image" alt loading="lazy" width="2000" height="895" srcset="https://p2p.org/economy/content/images/size/w600/2022/01/image-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2022/01/image-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2022/01/image-1.png 1600w, https://p2p.org/economy/content/images/size/w2400/2022/01/image-1.png 2400w" sizes="(min-width: 720px) 720px"></figure>2. Navigate to the Staking tab and press Stake My Tokens.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2022/01/image-2.png" class="kg-image" alt loading="lazy" width="2000" height="630" srcset="https://p2p.org/economy/content/images/size/w600/2022/01/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2022/01/image-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2022/01/image-2.png 1600w, https://p2p.org/economy/content/images/size/w2400/2022/01/image-2.png 2400w" sizes="(min-width: 720px) 720px"></figure>3. Look for a validator you wish to stake with or simply type its name in the search bar.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2022/01/image-3.png" class="kg-image" alt loading="lazy" width="2000" height="642" srcset="https://p2p.org/economy/content/images/size/w600/2022/01/image-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2022/01/image-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2022/01/image-3.png 1600w, https://p2p.org/economy/content/images/size/w2400/2022/01/image-3.png 2400w" sizes="(min-width: 720px) 720px"></figure>4. Press on Stake With Validator.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2022/01/image-4.png" class="kg-image" alt loading="lazy" width="2000" height="519" srcset="https://p2p.org/economy/content/images/size/w600/2022/01/image-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2022/01/image-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2022/01/image-4.png 1600w, https://p2p.org/economy/content/images/size/w2400/2022/01/image-4.png 2400w" sizes="(min-width: 720px) 720px"></figure>5. Specify the amount you wish to stake or click on the Use Max button in case you want to delegate the whole available balance. Scroll down and press Submit Stake.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2022/01/image-8.png" class="kg-image" alt loading="lazy" width="2000" height="889" srcset="https://p2p.org/economy/content/images/size/w600/2022/01/image-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2022/01/image-8.png 1000w, https://p2p.org/economy/content/images/size/w1600/2022/01/image-8.png 1600w, https://p2p.org/economy/content/images/size/w2400/2022/01/image-8.png 2400w" sizes="(min-width: 720px) 720px"></figure>6. Confirm staking in the new window.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2022/01/image-10.png" class="kg-image" alt loading="lazy" width="2000" height="787" srcset="https://p2p.org/economy/content/images/size/w600/2022/01/image-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2022/01/image-10.png 1000w, https://p2p.org/economy/content/images/size/w1600/2022/01/image-10.png 1600w, https://p2p.org/economy/content/images/size/w2400/2022/01/image-10.png 2400w" sizes="(min-width: 720px) 720px"></figure>7. Approve the transaction on your hardware wallet if you use Ledger. You will be asked to authorize two transactions.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/02/7confirm-with-a-ledger.PNG" class="kg-image" alt loading="lazy" width="1893" height="868" srcset="https://p2p.org/economy/content/images/size/w600/2021/02/7confirm-with-a-ledger.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/02/7confirm-with-a-ledger.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/02/7confirm-with-a-ledger.PNG 1600w, https://p2p.org/economy/content/images/2021/02/7confirm-with-a-ledger.PNG 1893w" sizes="(min-width: 720px) 720px"></figure>8. If everything is fine you will see a Success window. Your stake will start generating rewards from the next epoch (~12-14h). Those rewards are automatically added to the active stake. To claim rewards or change a validator you will need to undelegate and wait for 36-52h before withdrawing.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2022/01/image-11.png" class="kg-image" alt loading="lazy" width="2000" height="895" srcset="https://p2p.org/economy/content/images/size/w600/2022/01/image-11.png 600w, https://p2p.org/economy/content/images/size/w1000/2022/01/image-11.png 1000w, https://p2p.org/economy/content/images/size/w1600/2022/01/image-11.png 1600w, https://p2p.org/economy/content/images/size/w2400/2022/01/image-11.png 2400w" sizes="(min-width: 720px) 720px"></figure><hr>If you have any questions, feel free to ask in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a>. We are always open for communication.<hr><h2 id="about-p2p-validator">About P2P Validator</h2>P2P Validator is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than three billion of USD value is staked with P2P Validator by over 10,000 delegators across 25+ networks. Our infrastructure is under advanced monitoring with alerts and 24/7 technical support making it the best choice for institutional investors.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">p2p.org</a> Stake NEAR with us: <a href="https://p2p.org/near?ref=p2p.org">p2p.org/near</a> Twitter: <a href="https://twitter.com/P2Pvalidator?ref=p2p.org">@p2pvalidator</a> Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Solana Solana Inflation and Staking Rewards

This post will outline incentives for Solana token holders to stake SOL and earn rewards by securing the network.Stake your SOL and earn up to 8% in staking rewards using our simple <a href="https://p2p.org/economy/stake-sol-solana-with-solflare-wallet-and-ledger/">step-by-step guide</a> for staking with Solflare Wallet and Ledger Nano S/X.Inflation has been enabled in <a href="https://p2p.org/solana?ref=p2p.org">Solana</a> allowing SOL delegators to earn rewards for contributing to the security and decentralisation of the network. We've gathered the most important information related to SOL staking and inflation below. For more details, visit <a href="https://p2p.org/solana?ref=p2p.org">p2p.org/solana</a>. <h2 id="solana-inflation">Solana Inflation</h2>In order to compensate node operators for state validation and delegators for locking their funds, every epoch (~2-3 days), protocol issues new SOL based on emission rate called inflation. Every epoch staking rewards are added to the active stake automatically. Inflation parameter is defined on a protocol level representing annual emission percentage. The exact value of new minted SOL is recalculated every epoch based on the total supply.Solana token emission is distributed among validator pools based on their stake weight in the network. Every epoch a special program on Solana calculates the weight of all active stakes and assigns points that are used to proportionally divide SOL rewards among participants for that period.A decision about inflation rate value is very important for sustainable network growth. It should incentivize participants to stake, cover costs of operating for validators and at the same time avoid over dilution of network users. For the first year annual emission will constitute 8%. In the following years inflation percentage will be decreasing by 15% per year until emission reaches ~1,5%.Another revenue source is derived from transaction fees. It is expected to be relatively low for the first years. In current implementation 50% of transaction fees is burned while the rest goes to the current leader who processed the transaction.<h2 id="sol-staking-rewards">SOL Staking Rewards</h2>With the enabling of Solana inflation, SOL token holders are now able to earn rewards on their staked tokens. <ul><li>The Solana inflation/emission rate will start at 8% and decrease by 15% annually until it reaches a long-term inflation of 1.5%.</li><li>The SOL rewards are distributed to delegators every epoch, which is approximately ~2 days.</li><li>The Solana warm-up period - the time taken for your SOL stake to start earning rewards is approximately ~2 days if the amount is less than 25% of staked tokens.</li><li>The Solana cool-down period - time for your stake to become liquid after you stop staking is approximately ~2 days if the amount is less than 25% of staked tokens.</li><li>Your staking rewards are compounded automatically. </li></ul>In the beginning all Solana staking rewards will be distributed to validator pools. In the future, additional percentages from total issuance can be directed to the ecosystem development purposes and archivers, network participants who provide storage service downloading parts of the ledger and providing proof of replication of storing the segments.The efficiency of Solana staking from an economic perspective depends on the overall participation. The total issuance is distributed to active delegators. If less than all SOL are staked, delegators will receive higher rewards than initial inflation.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/02/Sol-infl.png" class="kg-image" alt loading="lazy" width="775" height="436" srcset="https://p2p.org/economy/content/images/size/w600/2021/02/Sol-infl.png 600w, https://p2p.org/economy/content/images/2021/02/Sol-infl.png 775w" sizes="(min-width: 720px) 720px"></figure>For every epoch (2 days), the annual staking yield can be calculated using the formula:APY = inflation * archiver_share * foundation_share / staking_ratio, where staking_ratio = staked_tokens / total_supplyAt time of launch, archiver_share and foundation_share are planned to be set to 0%, so 100% of emission will initially be going to validator pools. The first years will be the most attractive for Solana delegators representing an opportunity to increase the network share.With the development of staking derivatives it will be possible to generate additional yield on top of staking rewards.<hr>Special thanks to <a href="https://twitter.com/sciencethedata?ref=p2p.org">Eric Williams</a> for valuable additions. Having trouble getting started? Please get in touch with a P2P representative by emailing [email protected] or ask for assistance in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a>.<hr><h2 id="about-p2p-validator">About P2P Validator</h2>P2P Validator is a world-leading non-custodial staking provider securing more than 3 billion USD value from over 10,000 delegators across 25+ high-class networks. We are early investors in Solana and have supported the network from the first block taking part in all stages of testing and voting.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">p2p.org</a> Stake SOL with us: <a href="https://p2p.org/solana?ref=p2p.org">p2p.org/solana</a> Twitter: @p2pvalidator Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

TheGraph Loss of Epoch Rewards in Graph Network: A Post-mortem

<h2 id="tldr">TLDR</h2>Due to an old version of an indexer agent combined with a short-time node desynchronisation, closed allocation resulted in a zero proof of indexing on February 6th 2021. Due to this rewards for the epoch vanished. Lost rewards will be fully compensated by waiving our fee and sharing our own indexing rewards with our delegators. <h2 id="what-happened">What happened?</h2>An oversight in an upgrade process led to the indexer-agent version being out of date. A minor hiccup in Ethereum node operation coincided with the allocation closing, resulting in the closing of an allocation without a proof of indexing being submitted. Rewards will be fully compensated over the course of 12 days by charging 0% fee and sharing our own indexing rewards. <h2 id="what-went-wrong">What went wrong?</h2>We provide regular reward stats on a daily/weekly basis for delegators with locked GRT and thus had no monitoring of epoch rewards after closing an allocation. This led to a minor delay in reaction as reports are filled automatically without human intervention. Right after realising that rewards had been lost we set up an internal investigation.Additionally was the absence of a well-reviewed upgrade procedure for new indexer releases. The upgrade procedure had no clear standard and checklist of actions to follow. New allocations were opened and no technical mistakes occurred, but existing monitoring that allocation was insufficient. We noticed that monitoring for a subgraph syncing delay had insufficient resolution time-wise so failed to catch a small hiccup in Ethereum node operation.<h2 id="what-went-well">What went well?</h2>We close and open allocations on a daily basis so we lost only one day of rewards. We collect statistics on stake changes every day and spotted a problem with reward crediting. We also thank our delegators who have noticed the issue and pointed concerns out in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram channel</a>. <h2 id="impact-on-clients">Impact on clients</h2>All our Graph Network delegators lost one day of indexing rewards. To compensate and mitigate their loss, P2P will waive the fees for 12 days in addition to distributing all the rewards from our own indexer stake for that period. <h2 id="lessons-learned">Lessons learned</h2>We should have had monitoring for new version releases and checked that software is up to date before taking actions. To avoid such issues in the future we have defined a clear written procedure for upgrades and set monitoring for all necessary releases. This case revealed flaws in our existing monitoring so we have now initiated a deep analysis of all metrics improving it from ground up and adding necessary alerts to support this. We have decided to make reviews for all standard operating procedures more rigorous by allocating more engineering time to these activities. Testing and improvement will be continued on the new testnet where we are already set up. All the crucial operations, upgrades and innovations that can potentially lead to a financial loss will be implemented on testnet first.P2P takes full responsibility for this and we are sorry for the inconvenience. Please be assured that P2P is taking actions to eliminate even a small probability of such an event occurring in future.

Alex Bondar

from p2p validator

Cosmos Stargate and the new beginning of Cosmos

We have voted YES to initiate the Stargate upgrade for the Cosmos Hub. We believe in the potential of the Cosmos ecosystem to grow and that<a href="https://stargate.cosmos.network/?ref=p2p.org"> Stargate</a> opens a new page of ecosystem evolution being a huge step towards the original Internet of Blockchains vision.By being an active contributor to the Cosmos ecosystem, P2P has built the dashboard to track delegation history across all the hub versions and claim rewards - a ledger delegation interface to securely stake in three simple steps. We participated in<a href="https://cosmos.network/goz?ref=p2p.org"> Game of Zones</a> to test IBC in action and won the first prize in two phases. Our validator has taken part in a series of<a href="https://github.com/cosmosdevs/stargate?ref=p2p.org#testnet"> testnets</a> since the beginning to prepare.<a href="https://stargate.cosmos.network/?ref=p2p.org">Stargate</a> is the largest upgrade in the Cosmos ecosystem due date. What does it mean for the Cosmos network?<h3 id="road-to-million-blockchains">Road to million blockchains</h3>The current state of the ecosystem can be compared to the cities of a country struggling to communicate without capital and financial centers to connect them with each other. With the enablement of<a href="https://github.com/cosmos/ics/blob/master/papers/2020-05/build/paper.pdf?ref=p2p.org"> Inter-Blockchain Communication</a> (IBC) the value can be seamlessly transferred across the ecosystem unleashing the synergetic effect among application-specific blockchains. Cosmos Hub will become the first intermedium to connect them with each other.The real long term challenge is to attract more builders and projects to the ecosystem to increase the cumulative value flow within the network. Notable improvements in performance and migration to<a href="https://medium.com/tendermint/tendermint-0-34-protocol-buffers-and-you-8c40558939ae?ref=p2p.org"> Protobuf</a> blockchains will implement the upgrade to achieve higher throughput to handle the rising transaction volume. The ability to interoperate will bring composability to the ecosystem, with Protobuf it will be much easier for developers using various programming languages to communicate within the ecosystem and create novel applications.In synergy with tools like<a href="https://github.com/tendermint/starport?ref=p2p.org"> Starport</a> that allow developers to launch blockchains with a few commands and further coordinate the testnets with validators much faster, we can imagine the emergence of novel use cases and accelerated growth in areas like Decentralized Finance (DeFi) and Collectible economies powered by Non-Fungible Tokens (NFT).<h3 id="road-to-stargate-and-ibc">Road to Stargate and IBC</h3>Secure connection between blockchains requires trust in validators maintaining the actual state of the network. The Game-of-Stakes attracted and prepared solid staking providers and in March of 2019 Cosmos Hub was successfully launched on mainnet. There were two major upgrades, for the first year the focus was to battle-test staking, on-chain governance and provide a stable functioning network with a strong set of contributors.Game of Stakes granted validators experience to be flexible to changing network conditions and on the 1st of May 2020 another incentivized competition called<a href="https://cosmos.network/goz?ref=p2p.org"> Game of Zones</a> was launched to collect valuable data and prepare teams for the release of the IBC module. There were more than 150 participants.IBC has been in development since the release of the original Cosmos whitepaper - ongoing work to prepare and release the first version of the <a href="https://github.com/cosmos/ics/blob/master/spec.pdf?ref=p2p.org">IBC specification</a> that outlines the overall design logic and architectural overview.The plan of transition from hub-3 to hub-4 was outlined in the<a href="https://www.mintscan.io/cosmos/proposals/27?ref=p2p.org"> Stargate proposal</a>. It was followed up with a<a href="https://stargate.cosmos.network/?ref=p2p.org"> series of testnets</a> to examine the main features and ensure that the ecosystem participants are prepared for software changes being in line with the upgrade procedure.On December 15th the finalized<a href="https://blog.cosmos.network/announcing-the-ibc-1-0-implementation-release-candidate-29f3245d7848?ref=p2p.org"> version 1.0 of the IBC candidate</a> was announced. Multiple teams and contributors were involved in the process of improving, testing and finding bugs.And now we have come to the point to finally bring the original vision of interoperability to the Cosmos network.<h3 id="what-to-expect-after-the-stargate-upgrade">What to expect after the Stargate upgrade?</h3>The rollout will happen in two phases as happened with with the launch of the Cosmos Hub on mainnet. During the first phase cross-chain transfers will be disabled to ensure the network is stable. Activation of the token transfer protocol will happen via on-chain governance. A proposal with parameter changes and timelines will be submitted and if passed we can utilize a fully functioning TCP/IP for blockchains in production.With the enablement of the IBC, healthy competition among hubs can drive the development of the whole ecosystem. Novel use cases like liquidity mining over IBC can become a reality. New projects will be able to easily attract validators from the hub and ATOM will play the role of insurance against misbehavior providing strong security guarantees for new projects in the Cosmos network. Another interesting utility is that ATOM might be able to accrue fees in whitelisted tokens.The IBC is still in its early days and adoption will take some time. Cosmos has made huge progress in these two years and P2P is proud to be part of it as a validator and contributor from the very beginning of the journey.<h3 id="about-p2p-validator">About P2P Validator</h3>P2P Validator is a world-leading non-custodial staking provider securing more than $3 billion from over 10,00 delegators across 25+ high-class networks. We are early ATOM investors and Game of Zones winners. P2P has supported Cosmos Hub from the first block taking part in all stages of testing and voting.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a> Stake ATOM with us: <a href="https://p2p.org/cosmos?ref=p2p.org">https://p2p.org/cosmos</a> Twitter: @p2pvalidator Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

TheGraph The Graph Delegation Guide For Locked GRT

If you have participated in private sale of GRT and received email from The Graph team with a vesting contract address this guide will help you to delegate locked tokens.<ol><li>Go to<a href="https://network.thegraph.com/?ref=p2p.org"> </a><a href="https://remix.ethereum.org/?ref=p2p.org">https://remix.ethereum.org/</a></li><li>Press on a “browser +” symbol</li></ol><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/R0dIgqHs-32c5FRTcmhy3Bqhm-0x_aiuz2TMuGww8eHf5IkfH2K-rzG8IT9SfFN64TZeiFr6oGuxkJbkrBLjIwc9QaNcK8ODUWbayleXAWT-ms-PfgCJDsCW5Cf8UqMXtQmQEVBn" class="kg-image" alt loading="lazy"></figure>3. Add a name TokenLock.abi<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/al_4QAWsYDWJPt82NVQ14sDP5nF_HkQwtZTLqmeMkOZPgKOoU9du05ZFGEdj2TgCyyolWDlhLtJ9Ol-Oyatb6pSL3DWArNYzXtpQFWMevYHio9ltQ9z4Y1GJXqelF_b9ijtpXGe2" class="kg-image" alt loading="lazy"></figure>4. In a separate browser tab open: <a href="https://gist.githubusercontent.com/abarmat/20ac76441a7f4832ddc7e9a8b6fc2301/raw/3cc959f8233d35852afd81f42eba1fa8dac9f5a2/TokenLockWalletABIRemix.json?ref=p2p.org">https://gist.githubusercontent.com/abarmat/20ac76441a7f4832ddc7e9a8b6fc2301/raw/3cc959f8233d35852afd81f42eba1fa8dac9f5a2/TokenLockWalletABIRemix.json</a> Copy the whole code and paste it in the TokenLock.abi that you have created in the previous step<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/JVNktjogZZ-Rez2_5t3qbaLtUduetWNY1JmaAFAdjfd44YnRrIgZ6GKxsjz870NLasKtCVjObj9NJqjYPRXcIc1eIhmHkxPwVZBGZvmqO9eEWenkBGF2Yis6FSTYGijq1jD6bYza" class="kg-image" alt loading="lazy"></figure>5. Press on a Deploy & Run a Transaction button<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/cNdKvmMPeZ_iAAJqsRQlDGiEjXnPuXMoSiYpJNgForBl0kNrwfJsoydwTgjjkaOc6cK-Gsd63BlXL5sPgIPssuoeU4vTdnYnp_7Mjrm91ZWDHAGVxDsyPgstcNfqwikGPSqermFp" class="kg-image" alt loading="lazy"></figure>6. In the Environment drop-down field select Injected Web3. It should cause automatic connection to MetaMask extension<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/jXoXqtUWd2Wc20yKZToqCBumxLJmoUGmNufRPn4W_Isu2F9fosV4LYTaOyqzAj1m_E7DidgtJD1lPItlbi8m5SkeQUGkjRMsJHpeNXaL4Am9tRppwS7-fwEEuekJ5KaqJrQHed-3" class="kg-image" alt loading="lazy"></figure>7. Paste vesting contract address from email that was sent by The Graph team. Press At Address<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/TVCJOSfer3NfjH9txEIg5jGDrJvaAMHkBQesuEcloRDLPL2W1uVG1IWDqGpObRXZUGKbfvZ3DNpF62aft4k_pcLXKqQA1mVWGp6a5I5ifonqcDKj2dT2PRmMm4EnWj-NXZrJDtex" class="kg-image" alt loading="lazy"></figure>8. Click on a Deploy Contract arrow to expand the drop-down menu<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/BxV18U5PUuikOFP-U3N_Pkpx6dEr552c2dqKcHf9ebP4uA5DcuMNRRSjCwnTHqOm2aafkKJnnjHEw-ndiUZl4SwPH4QpgSLm0Pu0H0gFfw8exDsYZyCaomDuvOuVt4MXEB410SKF" class="kg-image" alt loading="lazy"></figure>9. Click on currentBalance to check if it matches with the one from the email. If balance is correct press approveProtocol. Confirm the transaction<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/coyF3BSuofW8efgvr8lkB9L_5xAjhJeusvit-FjyLZxbZvqis-f73f0aoRjO3syB62G9koW2JPSJARxPeJOHr5wB51ZJA5lXSGT6e73RforKeIp0BK4pxph0DL6ancPyk-fQTRmi" class="kg-image" alt loading="lazy"></figure>10. Copy the balance to proceed with delegation<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/9t8Lm9LHLThfgDdKd16g4CNsyXx5OKShCKYThvZZB63m1y6MEMd9qjU8gzMuRsT4UbpL_l2s9EPiGwU5TqR3aySvr9Oma0zV-TLy5QWIrnr9KthDMYok3VS7Pl8UtmYHvWqOzT9F" class="kg-image" alt loading="lazy"></figure>11. Press on the Delegate arrow to expand the section<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/NKXvNbArlEBrPPlfaN0070G1KT0zEGNFCLnNAVTHUmd833CSOnjEQs18zoJvnneAxXpu-K0q02NwDlRJYDVhU6RhbcqMJyk_7aC0GapwBdyJ1Safe7Wk0wfmfZwkY5soQQTbltbj" class="kg-image" alt loading="lazy"></figure>12. Paste the balance you copied to the tokens field. P2P has two indexers available for delegation: a) Indexer address: 0x5a8904be09625965d9aec4bffd30d853438a053e Max capacity: 533M GRT Fee: 8% b) Indexer address: 0xf4a097ce3a4efbd1748b2ef2076813961e4e6fa7 Max capacity: 17M GRT Fee: 8%Paste the chosen indexer address in the indexer field and press transact button. Confirm the transaction. You will be required to pay 0,5% GRT deposit tax<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/5YkXxRZbCoovWL51VKKX8nfO4TNImtGpPzKbT32VedjWYi7qvAz7HFtye3yZnUycJhhMlhcgENCt-I2KOHxN50XGp0bVEyF-NHnq-TAbK5Ubxypf4tRwPjDES_KKXFKB0SGJlmxZ" class="kg-image" alt loading="lazy"></figure>Rewards are automatically added to staked deposit and paid when indexer closes allocation. There is no slashing for delegators. Unbonding period lasts 28 days.<hr>If you have any questions, contact @Aleksei_W in Telegram or via email [email protected]<hr><h2 id="about-p2p-validator">About P2P Validator</h2>P2P Validator is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than 3 billion of USD value is staked with P2P Validator by over 10,000 delegators across 25+ networks. We are early The Graph investors who participated in testnet from the day one with a goal to provide long term support for the ecosystem. We operate the biggest indexer globally with highest own stake of 33M GRT and available capacity of > 500M GRT making it ideal choice for large GRT holders.<hr><ul><li>Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=flow_annoncement"> https://p2p.org</a></li><li>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></li><li>Telegram:<a href="https://t.me/P2Pstaking?ref=p2p.org"> https://t.me/P2Pstaking</a></li></ul>

Alex Bondar

from p2p validator

TheGraph The Graph Delegation Guide For Locked & Unlocked GRT

Use this simple step-by-step guide to delegate either locked and unlocked GRT to receive a share of staking rewards. If your funds are managed by multi-sig you may contact directly @konstantin_rm in telegram or via email [email protected] for personal assistance.<ol><li>Go to<a href="https://network.thegraph.com/?ref=p2p.org"> https://network.thegraph.com</a>.</li><li>Connect your wallet using MetaMask.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/02/connect-wallet.PNG" class="kg-image" alt loading="lazy" width="1902" height="672" srcset="https://p2p.org/economy/content/images/size/w600/2021/02/connect-wallet.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2021/02/connect-wallet.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2021/02/connect-wallet.PNG 1600w, https://p2p.org/economy/content/images/2021/02/connect-wallet.PNG 1902w" sizes="(min-width: 720px) 720px"></figure>If you have tokens locked with a vesting contract press an arrow and navigate to in in the UI. If your GRT are not vested, skip this step.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/02/--------------2021-02-03---20.07.05.png" class="kg-image" alt loading="lazy" width="2000" height="789" srcset="https://p2p.org/economy/content/images/size/w600/2021/02/--------------2021-02-03---20.07.05.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/02/--------------2021-02-03---20.07.05.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/02/--------------2021-02-03---20.07.05.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/02/--------------2021-02-03---20.07.05.png 2400w" sizes="(min-width: 720px) 720px"></figure>3. Choose an indexer. P2P has launched two indexers. Select our indexer 0x5a89 from the list in the beginning if you have >5M GRT or paste 0xf4a0 in the search field to select the second one if you have less than 5M GRT. a) Indexer address #1: 0xf4a097ce3a4efbd1748b2ef2076813961e4e6fa7 Max capacity: 18M GRT Fee: ~8% Description: small subgraphs strategy, a little bit more volatile on short period of time, but potentially higher APY, less flexible. Best choice for delegators with less than 5M GRT. Avg reallocations time: 3-4 weeks (or when market significantly changes) b) Indexer address #2: 0x5a8904be09625965d9aec4bffd30d853438a053e Max capacity: 580M GRT Fee: ~8% Description: balanced strategy, with less volatile returns, higher than average Network APY (but less than APY on our first Indexer). Best choice for delegators with more than 5M GRT. Avg reallocations time: 7-10 days (or when market significantly changes) Press on the blue button to proceed and select Delegate.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/12/scroll-down.PNG" class="kg-image" alt loading="lazy" width="1903" height="863" srcset="https://p2p.org/economy/content/images/size/w600/2020/12/scroll-down.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/12/scroll-down.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2020/12/scroll-down.PNG 1600w, https://p2p.org/economy/content/images/2020/12/scroll-down.PNG 1903w" sizes="(min-width: 720px) 720px"></figure>4. In the opened window specify the amount you wish to delegate. Press Submit Transaction. You will be required to pay 0.5% GRT deposit tax.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/12/input-amount-1.PNG" class="kg-image" alt loading="lazy" width="1893" height="865" srcset="https://p2p.org/economy/content/images/size/w600/2020/12/input-amount-1.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/12/input-amount-1.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2020/12/input-amount-1.PNG 1600w, https://p2p.org/economy/content/images/2020/12/input-amount-1.PNG 1893w" sizes="(min-width: 720px) 720px"></figure>5. Approve the transaction using MetaMask. First, allow interaction with your wallet and second, confirm the delegation. You will need to have some ETH to pay the transaction fee.6. After a successful confirmation you can observe information about your delegation by pressing on your account in the right top corner<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/12/my-wallet.PNG" class="kg-image" alt loading="lazy" width="1908" height="865" srcset="https://p2p.org/economy/content/images/size/w600/2020/12/my-wallet.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/12/my-wallet.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2020/12/my-wallet.PNG 1600w, https://p2p.org/economy/content/images/2020/12/my-wallet.PNG 1908w" sizes="(min-width: 720px) 720px"></figure>7. Rewards are automatically added to staked deposit and paid when the indexer closes allocation. There is no slashing for delegators on The Graph. The Graph GRT unbonding period lasts 28 days.<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/LnKQ69DE9wFPNdY53-Liog91UcZZyU0MmTgNkmwFEAlYrvoHxw1EdqYVtyMGsC_RAj2KQVlth7S14HD5_erh0DE9fUwLNZeXduXgIeTqMVbYM3H5y0TLT3-IShUtPMytallp0mIY" class="kg-image" alt loading="lazy"></figure>8. You can look at your current delegation, amount of rewards and other information in our common <a href="https://datastudio.google.com/u/0/reporting/77297334-1671-4d36-a563-443dd93a19a0/page/p_amrhxw5hnc?ref=p2p.org">Rewards report</a>, just put your delegator address in the Delegator key field. If you have more than 1M GRT, please mail to [email protected] and we create your own report, customized with your wishes.<hr>If you have any questions, feel free to ask in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> on contact Konstantin via email [email protected]<hr><h2 id="about-p2p-validator">About P2P Validator</h2>P2P Validator is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than 3 billion of USD value is staked with P2P Validator by over 10,000 delegators across 25+ networks. We are early The Graph investors who participated in testnet from the day one with a goal to provide long term support for the ecosystem. We operate the biggest indexer globally with one of the highest own stake of 33M GRT and available capacity of > 500M GRT making it ideal choice for large GRT holders.<hr><ul><li>Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=flow_annoncement"> https://p2p.org</a></li><li>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></li><li>Telegram:<a href="https://t.me/P2Pstaking?ref=p2p.org"> https://t.me/P2Pstaking</a></li></ul>

Alex Bondar

from p2p validator

Polkadot Staking Polkadot and Kusama with Ledger

This guide will walk you through the process of creating an account in Polkadot using Ledger hardware wallet and staking using a proxy account. If you have more than 200,000 DOT <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_ledger_guide" title="Get a special offer">contact us</a> to find out about our special staking conditions. <div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">In a recent Polkadot update controllers’ accounts were depreciated in favour of proxy accounts. From now on it’s impossible to attach a controller account to a stash. The only remaining option is to directly connect a proxy account to the stash account, with the proxy granted limited rights.</div></div>To continue with Kusama switch the network and follow the same steps as for Polkadot.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/11/switch-2.PNG" class="kg-image" alt loading="lazy" width="1920" height="867" srcset="https://p2p.org/economy/content/images/size/w600/2020/11/switch-2.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/11/switch-2.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2020/11/switch-2.PNG 1600w, https://p2p.org/economy/content/images/2020/11/switch-2.PNG 1920w" sizes="(min-width: 720px) 720px"></figure>Table of contents I. <a href="#create-polkadot-account-with-your-ledger">Create Polkadot account with your Ledger</a> II. <a href="#bond-the-amount-of-dot-you-wish-to-stake">Bond the amount of DOT you wish to stake</a> III. <a href="#nominate-validators">Nominate validators</a> <h3 id="create-a-polkadot-account-with-your-ledger">Create a Polkadot account with your Ledger</h3>Download <a href="https://www.ledger.com/ledger-live/download/?ref=p2p.org">Ledger Live</a> on your device and connect your hardware wallet. Make sure that Ledger firmware is up to date. Install the Polkadot/Kusama application.<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/y5-RjvLZp7Ka9cpLZgpzYWEA2UyyELASDYqnSX9xCaiximIeqfNi9qe7oIrycLqc4N_9xcApzSLJJesT7PveasSN7_85-pWocmgA1Ne8wQTUXoCL8lAl5tNY_Ixik3GQT0YETVI2" class="kg-image" alt loading="lazy"></figure><ol><li>Go to <a href="https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc.polkadot.io&ref=p2p.org#/settings">PolkadotJS UI</a> using Chrome and navigate to the Settings tab. In the dropdown menu related to hardware connections select Attach Ledger via WebUSB and press Save.</li></ol><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/wMpvsexAYA8YDwB5xvt7cnKmMeuskWRcQLFdkwXqxVipjZHR8B7G64AAQsmv_cz1AYmEbr7WXd53ziAHgp0jvPvL0wlQJssWaLXV9qA_5y1BRWz96T6LiG5c8bRpGxFLSAa3ljv7" class="kg-image" alt loading="lazy"></figure>2. Go to the Accounts tab and press Add Ledger button to create an account<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/G_VJSqbDxNdUJGnvgV1F5-D1qrlEfN8o7XfgxQ6B1VG-B3vmJpWpByGEbVDsGPsb8Ps3G-mCDzYgkwyC2NaTGln33I9fQZ_c6pXZAO-sBMPovKcewsgJN_hHQntKeEnIXPDoILRg" class="kg-image" alt loading="lazy"></figure>3. On your Ledger wallet, navigate to the Polkadot/Kusama app that you downloaded in Step 1 and select it by pressing two buttons on your Ledger. Go back to the screen on your device and click Save.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/L659ZpiW6Awwsr3GmoRsG5m8VZ6C8zTdcnWyQSonlQ4_trJt5qS8qQ4GpvPUMQTpDX7JkHMa5Rw7GY2ijb-gS5HJKHX47vS-iFDBGm65e9YFbYGZhPdkfKtDyWXlB8-l33CvjAJx" class="kg-image" alt loading="lazy"></figure>4. You will be asked to confirm the connection of your Ledger via web interface. Select it in a dialog window and press Connect.<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/IgDYDyvEm6v5Bac0aWSZHWAYa3nGoWrlWoSRv8-zKna3pIv_b637HJgz1nBeKfuxV7EZ0rkJv-HPLOWu2tMdKCwqbzH_A2WomgkGf9ZuKYxgWmttk8Th7BvqHypMnpR53kQi3YyT" class="kg-image" alt loading="lazy"></figure><ol start="5"> <li>The account should appear on the screen. This account will play the role of your stash. If your stake is higher than 200k DOT - <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_ledger_guide" title="Get a special offer">contact us</a> to receive a special offer from P2P. To generate multiple addresses repeat steps 3,4 but every time choose a different address index in the drop-down menu of step 3.</li> </ol> We will continue with a single account but if there are multiple ones the following process should be repeated for each of them.<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/zOgHQZdtDfwmwYfC1i7iGeVgvEJ_sJhP3oKFx7Wm_XgeX23okGrNYzmMK4Jm67G4gduYAOFD1zmJqHvwyW4sqrq1MP7VzdU_Xi500EK3aBAMO7rkeDVjkBamSt2qqluK7dzOMFtO" class="kg-image" alt loading="lazy"></figure>Left-click on the icon to copy the address and send DOT tokens to it.<h3 id="bond-the-amount-of-dot-you-wish-to-stake">Bond the amount of DOT you wish to stake</h3><ol><li>Go to Network -> Staking and navigate to Account Actions by pressing the tab.</li></ol><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/s5zgusv6II9zV9uYwRs_XXChVpkxFyncnWQ9TW2NTrgW20h0cQk4ZExuIi7KPAFYDSAS7kmsWvmWQKBCNHx8NaoDRcn9t7D-48uMIMVl9xbaGN0sAdNvSUGnm1NWIXFOx3cHpQhl" class="kg-image" alt loading="lazy"></figure>2. Bond the amount you wish to stake. Leave at least 2-3 DOT unbonded to cover future transaction fees. In the dropdown menu you can specify the desired way of receiving rewards. There are several options available: Staked (auto compound rewards); Stash (send rewards to the stash account); Controller (send rewards to the controller account); Account (send rewards to any 3rd party account).<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/w1Nng_MmpnpKj3tpEKx2B5_OinchL7uSjJt69asmImIIrT1APTYkusX_S-CtnCLwJKh9HmyXg0Iov4GARnX4ZwNZXesYhIlZAWCbQmmXHX2u10759UzH7uEqFJtNcJn7KnRUHF11" class="kg-image" alt loading="lazy"></figure>We make payouts every day or three so you won’t need to pay a tx fee by yourself.3. Press Sign and Submit, then confirm the transaction on your Ledger device<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/vVURso4mV9O0Dq0j82rfft7FsT6mol--8_SCr4zAbGuPpxiS7FXv9XMpIUGkt7aiEYVpm2Sj-KBWbJlRPgOraokh0XX57DAvyJizmuEi0fQEnXYGDNZFGniz7kKnFfM4TCkB1FIh" class="kg-image" alt loading="lazy"></figure>If the hardware wallet becomes disconnected, re-enter the Polkadot application and continue making actions on the PolkadotJS screen. You will be asked to connect Ledger via web interface as in step 5, after that continue with the step where the connection was lost.4. After successful bonding your stash appears in the Account Actions tab. We recommend assigning a proxy account. It is a separate account that you should fund with 2-3 DOT and connect with your primary one to perform staking related operations on behalf of your stash, like triggering payout or nominating a validator. A staking proxy has no access to the funds on the stash account.<h3 id="nominate-validators">Nominate validators</h3><ol><li>Press Nominate button</li></ol><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/cgkEcRpMBOxmnhmqOMUQ8vEjSJFzpixp3hKjZZKuH8cO49tdW92pYgHzqWXP-b_HM20jnXlnh7iyKJvjbD3jzucmQ_DlBb9XCYFA6WnBoUIG78TzII93Nja93ZQPVjGti8TfFPkC" class="kg-image" alt loading="lazy"></figure>2. In the opened window select up to 16 validators you wish to stake with. If you would like to nominate P2P go to <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a> and select validators from there. We update the list on a regular basis.<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/fS5UnK-NZvAPCLEbSlIqcm4B7w-4Q9FD2XO6C68e8wMQw0HE9mkbMJSNSucCjeg_hadaXhOyZaqeLrng68frTAZjgs8pOK3juLy3oeTcd6-JUouv9CVOF5aFkujqgLt3ZbfH_SWA" class="kg-image" alt loading="lazy"></figure>3. Chosen validators will appear in the right column. Press Nominate.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/OQk6oaLdyU7oMzLRNUMcIyDEwWaOa3Kls269kUHf2ZZQgNCSDplnPWnxeLhqwaIWZecWU3msVQdZECm8vEuh-OcVViPbZSm_t8iX9HnCoQCEJ6SQikEpapb6VRql7NGgXJiVK3oa" class="kg-image" alt loading="lazy"></figure>4. You may perform staking actions from both stash and proxy accounts. We recommend to use your proxy account for staking actions.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/11/Sign---submit-ser.PNG" class="kg-image" alt loading="lazy" width="1920" height="865" srcset="https://p2p.org/economy/content/images/size/w600/2020/11/Sign---submit-ser.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/11/Sign---submit-ser.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2020/11/Sign---submit-ser.PNG 1600w, https://p2p.org/economy/content/images/2020/11/Sign---submit-ser.PNG 1920w" sizes="(min-width: 720px) 720px"></figure>5. In the top right corner you should see that transaction is confirmed. Your screen should be updated and current nominations should appear in the Account Actions tab. From here you will be able to manage your staking in future.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/6W7zmuhtnP062W3Nvm2xdv-snh07v580ogpm-s5j1vOVJE6TF-W5LEojRqld7NFtjQA6SSVhTzf54alOPEFGNRjPhHJioEvvQUkJxdmgh8rnUuXKAFPyVEm7pmVx-apyCvlwR71y" class="kg-image" alt loading="lazy"></figure>Staking will begin from the next era or two (24 - 48 hours). You will be able to track nominations from Staking -> Account Actions. At least one nomination should become active thus your stake is working in full and generating rewards.<h3 id="ledger-guides">Ledger guides</h3><ol><li><a href="https://support.ledger.com/hc/en-us/articles/360018131260?docs=true&ref=p2p.org">Ledger’s guide on staking Polkadot (DOT) thought Ledger Live</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7402653416477-How-to-use-the-Polkadot-Staking-Dashboard?docs=true&ref=p2p.org">Ledger’s guide on using Polkadot Staking dashboard</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/4403056215825-Set-up-and-use-polkadot-js-to-access-your-Ledger-Polkadot-DOT-accounts?docs=true&ref=p2p.org">Ledger’s guide on set up and use polkadot js to access your ledger Polkadot (DOT) accounts</a> and <a href="https://support.ledger.com/hc/en-us/articles/4416512532625-Set-up-and-use-polkadot-js-to-access-your-Ledger-Kusama-KSM-account?docs=true&ref=p2p.org">guide Kusama (KSM) accounts</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7533743296797-How-to-join-a-Polkadot-nomination-pool?docs=true&ref=p2p.org">Ledger’s guide on how to join a polkadot nomination pool</a></li></ol><h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been presented in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram </a>chat or contact Alex via [email protected]. We are always open to communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_nominate"> https://p2p.org</a> Stake DOT with us:<a href="https://p2p.org/polkadot?ref=p2p.org"> https://p2p.org/polkadot</a> Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a> Telegram:<a href="https://t.me/P2Pstaking?ref=p2p.org"> https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

NuCypher NuCypher Brief Overview

NuCypher is a decentralized secret management network where a group of nodes (workers) perform proxy re-encryption to manage permissions on encrypted data instead of a centralized server. It allows safe data exchange without ability for proxies to learn the plain text info. Correctness of worker behavior is guaranteed by staking and cryptographic proofs. Additional token emission incentivizes node operators to maintain high availability infrastructure and in the case of network rules violation a portion of their holdings will be slashed.<h3 id="current-state-and-market-potential">Current state and market potential</h3>NuCypher mainnet successfully launched on 15th October 2020 allowing token holders to stake their NU.Privacy of sensitive data is a vexed problem and services provided by NuCypher project are attractive and valuable not only in crypto space. The highest growth of<a href="https://www.statista.com/statistics/798564/number-of-us-residents-affected-by-data-breaches/?ref=p2p.org"> data breaches in USA</a> was in the healthcare sector demonstrating 80% increase from 2017 to 2019 including the transmission of confidential data without proper encryption.Enterprises also are seeking ways to avoid data leaks and securely manage and share sensitive data.<a href="https://www.marketresearchfuture.com/reports/key-management-service-market-8188?ref=p2p.org"> The Global Key Management as a Service Market</a> market size is expected to grow from $363 million in 2018 to $1,28 billion by 2023 and is estimated to reach $2,29 billion by 2025 during the period 2019–2025.<h3 id="token-allocation">Token allocation</h3>NuCypher raised $750k in 2016 ; $4.3 million in 2017 and $10,7 million in 2018. The overall token allocation showed in a diagram below.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/10/image-2.png" class="kg-image" alt loading="lazy" width="1600" height="897" srcset="https://p2p.org/economy/content/images/size/w600/2020/10/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/10/image-2.png 1000w, https://p2p.org/economy/content/images/2020/10/image-2.png 1600w" sizes="(min-width: 720px) 720px"></figure><h3 id="staking-economics">Staking economics</h3>In order to participate in the network as a worker and perform re-encryption, node operators have to lock NU tokens. At the start rewards from providing re-encryptions might be low so until the project gets traction, node operators will be incentivized mostly by emission of new tokens. Holders can delegate their funds and earn a share of rewards in proportion to their stake.Compensation is higher when tokens are locked for a longer period. To get maximum compensation stakers have to lock their funds for at least a year to be allowed to accept policies with longer terms. Shorter commitment will result in lower rewards for participants and they will not be allowed to provide re-encryption if the length of a particular policy is higher than chosen lock-up period. Staking since the beginning of mainnet with compounding of rewards also will result in higher returns. The whole stake can be split into sub-stakes where each will have its own lock-up period.In existing representation only one staker can delegate to a worker in near future, staker can be a smart contract that accepts delegations from various addresses. We believe in future adoption of NuCypher and will provide the long term staking maximizing staking rewards.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/10/table-14.png" class="kg-image" alt loading="lazy" width="1368" height="668" srcset="https://p2p.org/economy/content/images/size/w600/2020/10/table-14.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/10/table-14.png 1000w, https://p2p.org/economy/content/images/2020/10/table-14.png 1368w" sizes="(min-width: 720px) 720px"></figure><h3 id="native-token">Native token</h3>NuCypher token NU is ERC20 token the main purpose of which is to act as a staking token in the network with limited liquidity and low volatility. Amount of provided re-encryptions will be proportional to stake which is guaranteed to be locked at the end time of the policy. Node operators with higher stake presuming higher loss in case of bad behavior and ability to accept policies with longer terms.NuCypher based on Ethereum blockchain means that users should have ETH on the worker node’s address to pay tx fees. Workers also share service fees paid by end users in ETH for providing re-encryptions.Over 350 000 ETH were locked in the smart contract by participants to take part in<a href="https://blog.nucypher.com/the-worklock/?ref=p2p.org"> WorkLock token distribution model</a> proposed by NuCypher team.<h3 id="slashing-risks">Slashing risks</h3>There are two potential slashing conditions:<ul><li>Providing incorrect responses</li><li>Continuous downtime</li></ul>At network genesis, the protocol will be able to detect and attribute instances of incorrect re-encryptions. If there are many sub-stakes and misbehavior occurs, unlocked tokens which do not participate in staking will be slashed in the first place and then ascending sub-stakes with lower lock-ups.A false re-encryption is not like a double-sign. Correctness of a re-encryption can be proved via a zero-knowledge proof. If users receive incorrect re-encryption, they can provide this proof to the network, which will result in the node getting slashed. For each violation, 2×10−18 NU tokens will be deleted from the offender’s stake. In the future, slashing parameters can be changed by the Decentralized Autonomous Organization (DAO) that is managed by NU stakeholders who operate nodes. It makes NuCypher a community driven project from the very beginning.At network launch slashing for worker unavailability is turned off until it will be enabled by the DAO if needed. Stakers will not receive inflation rewards for any period the node is offline. A worker that doesn't timely apply updates and constantly experiencing downtime will also miss rewards.<h3 id="about-p2p-validator">About P2P Validator</h3><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators across 25+ high-class networks. Our team has close connections with NuCypher and we have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in NuCypher project in 2017 and intends to support the network in the long term.<h3 id="useful-nucypher-resources">Useful NuCypher resources</h3><ul><li>Website:<a href="https://www.nucypher.com/?ref=p2p.org"> https://www.nucypher.com/</a></li><li>Github:<a href="https://github.com/nucypher/?ref=p2p.org"> https://github.com/nucypher/</a></li><li>Docs:<a href="https://docs.nucypher.com/en/latest/?ref=p2p.org"> https://docs.nucypher.com/en/latest/</a></li><li>Whitepaper Technical:<a href="https://github.com/nucypher/whitepaper/blob/master/whitepaper.pdf?ref=p2p.org"> https://github.com/nucypher/whitepaper/blob/master/whitepaper.pdf</a></li><li>Blog:<a href="https://blog.nucypher.com/?ref=p2p.org"> https://blog.nucypher.com/</a></li></ul><hr>Want to stake NU with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.<hr><ul><li>Stake NU with us: <a href="https://p2p.org/nucypher?ref=p2p.org">https://p2p.org/nucypher</a></li><li>Web:<a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a></li><li>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></li><li>Telegram:<a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a></li></ul>

Alex Bondar

from p2p validator

Oasis Oasis - Network Overview

Oasis protocol is a decentralized privacy-preserving platform for cloud computing that allows safe data sharing and ownership enabling computationally complex applications. Oasis provides confidentiality at every layer of the protocol. The network is secured by proof-of-stake where the rectitude of validators responsible for consensus and nodes providing computations is provided by slashing in case of misbehavior. At the outset, validators are incentivized by gradually decreasing emission schedule and transaction fees.<h3 id="current-state-and-market-potential">Current state and market potential</h3>Oasis team plans to launch Mainnet Beta (fully featured network with disabled transfers) soon after Mainnet Dry Run that is launched to ensure that the network is healthy.<a href="https://www.gartner.com/en/newsroom/press-releases/2019-04-02-gartner-forecasts-worldwide-public-cloud-revenue-to-g?ref=p2p.org">Gartner projects</a> the market size and growth of the cloud services industry at nearly three time the growth of overall IT services by 2022. According to IDC forecast worldwide spending on public cloud services and infrastructure is set to double growing from $229 billion in 2019 to almost $500 billion by 2023.At the same time more data is stored in the clouds posing higher security and privacy risks which are the most concerning for data owners. The danger of cloud breach <a href="https://leftronic.com/cloud-computing-statistics/?ref=p2p.org">has increased by 18.4% since 2016 while 60% of companies</a> use cloud technology to store confidential data.Oasis team addressed privacy issues by implementing<a href="https://docsend.com/view/3aznduk?ref=p2p.org"> Ekiden</a> that allows nodes to perform computations off-chain in a trusted execution environment without access to the data itself.<h3 id="token-allocation-and-purpose">Token allocation and purpose</h3>Oasis Labs raised $45 million. The overall token allocation presented in the graph below. Total supply is capped at 10 billion ROSE. For staking rewards foundation allocated ~2 billion ROSE.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/token-dist-oasis-pie.png" class="kg-image" alt loading="lazy" width="695" height="371" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/token-dist-oasis-pie.png 600w, https://p2p.org/economy/content/images/2020/09/token-dist-oasis-pie.png 695w"></figure>Oasis native token is a staking unit with limited liquidity and low volatility serving the purpose of securing the network and incentivizing nodes to follow the protocol rules. Transaction fees are also denominated in ROSE as well as a payment for provided computations after this feature will be enabled.There will be no public sale due to regulation risks. To acquire tokens you should wait for official announcements from the Oasis team and listing on exchanges.<h3 id="staking-economics">Staking economics</h3>Oasis currently uses Tendermint consensus. Nodes performing confidential computations utilize TEEs to execute smart contracts and do not have access to the data itself while validators finalize transactions and update the state of the blockchain. Oasis network will launch with a focus on the consensus layer of the protocol. To begin with, rewards from staking will be ~15% and then decrease to 12% in six month. Holders can delegate their funds increasing overall security of the network and earn a share of rewards in proportion to their stake. There is a minimum required delegation of 100 tokens. Staking since the beginning of mainnet will result in higher returns for delegators.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/table-8-1--1.png" class="kg-image" alt loading="lazy" width="1368" height="620" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/table-8-1--1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/table-8-1--1.png 1000w, https://p2p.org/economy/content/images/2020/09/table-8-1--1.png 1368w" sizes="(min-width: 720px) 720px"></figure><h3 id="slashing-risks">Slashing risks</h3>At the time of mainnet launch, the protocol will slash only for double-signing. At the start the minimum amount of 100 tokens will be slashed and node functioning stopped in order to prevent the node from being over-penalized and resulting in losing delegations. Validators will have to change operating address and attract delegations to participate in consensus. There is no slash for liveness or uptime at launch, but a node would need to sign at least 75% of blocks in the epoch to receive corresponding rewards.<h3 id="about-p2p-validator">About P2P Validator</h3><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion trusted by over 10,000 delegators across 25+ high-class networks. Our team has close connections with Oasis team and we have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in Oasis project and intends to support the network in the long term.<h3 id="useful-oasis-resources">Useful Oasis resources</h3>Website:<a href="https://www.oasislabs.com/?ref=p2p.org"> https://www.oasislabs.com/</a>Github:<a href="https://github.com/oasislabs?ref=p2p.org"> https://github.com/oasislabs</a>Whitepaper:<a href="https://docsend.com/view/grdq39h?ref=p2p.org"> https://docsend.com/view/grdq39h</a>Non-tech paper:<a href="https://docsend.com/view/5uuhcj3?ref=p2p.org"> https://docsend.com/view/5uuhcj3</a>Blog:<a href="https://www.oasislabs.com/blog?ref=p2p.org"> https://www.oasislabs.com/blog</a><hr>Want to stake Oasis with us? Paul will be happy to help. Contact p.pavlov@p2p.org to get personal assistance.<hr>P2P Validator provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.Web:<a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Solana, Serum P2P Validator Joins Serum Project as a Node Operator

This year has been marked by the surge of decentralized finance (DeFi) and rise of a value locked through Uniswap - an automated market maker. Despite this, notable limitations like slow transaction processing, a spike in gas prices and the absence of trustless cross-chain swaps still exist, aggravating user experience.Serum is going to eliminate these limitations of DeFi space. It is a trustless decentralized exchange by design built on top of Solana blockchain implying low latency and high transaction speed. Serum has cross-chain support and does not rely on centralized price feeds. It is fully interoperable with Ethereum ecosystem and provides the same trading experience that users get on centralized platforms by being the first high-throughput exchange that has a fully on-chain orderbook and matching engine.Due to impressive performance qualities Serum can become a foundational block for DeFi.With that in mind, P2P Validator is thrilled to announce the launch of Serum node with the mission of fostering DeFi growth and supporting censorship-resistance of value exchange.Our team has extensive experience in setting up secure infrastructure. P2P Validator maintains high-availability nodes and provides secure staking services for the most groundbreaking projects in the blockchain space. We are an early Solana investor and active contributor operating a robust validator for mainnet beta. The node infrastructure is under advanced monitoring with 24/7 technical support, backups and alerts.<h3 id="about-serum">About Serum</h3><a href="https://projectserum.com/?ref=p2p.org">Serum</a> is a trustless decentralized exchange that enables seamless cross-chain trading and outstanding user experience. It allows fast order placement and on-chain order matching overcoming existing limitations in the space. It was founded by a group including team members from<a href="https://ftx.com/?ref=p2p.org"> FTX</a> and<a href="https://www.alameda-research.com/?ref=p2p.org"> Alameda Research</a> supported by advisors from Compound, BitMax, TomoChain and other notable projects. The list of partners include: Aleph.im, BitMax, FTX, Kyber Network, Leminscap, Multicoin Capital and many other well-established companies.Learn more by visiting the<a href="https://projectserum.com/?ref=p2p.org"> Serum Project website</a>,<a href="https://twitter.com/ProjectSerum?ref=p2p.org"> Twitter</a> or<a href="https://t.me/ProjectSerum?ref=p2p.org"> Telegram</a>. If you’re a developer, read a technical<a href="https://docs.google.com/document/d/1isGJES4jzQutI0GtQGuqtrBUqeHxl_xJNXdtOv4SdII/edit?ref=p2p.org#"> introduction to Serum</a> and join the discussion on<a href="https://discord.com/invite/MxZFT4v?ref=p2p.org"> Discord</a>.<h3 id="about-p2p-validator">About P2P Validator</h3><a href="https://p2p.org/?utm_source=blog&utm_campaign=serum_intro">P2P Validator</a> is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than 3 billion of USD value is staked with P2P Validator by over 10,000 delegators across 25+ networks. We are early Solana investors and contributors having a goal to provide the long term support for the ecosystem.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=serum_intro"> https://p2p.org</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Polkadot P2P Staking Strategy in Polkadot Before DOT Transfers

Polkadot staking has successfully launched. Validator elections has been held and issuance of first rewards has been started. If you have not nominated yet it is a good time to <a href="https://p2p.org/economy/polkadot-nomination-guide?utm_source=strategy&utm_campaign=strategy">do it now</a>.P2P Validator has more than three years of experience as a non-custodial staking provider. We make staking clear and attractive to simplify the process, incentivizing token holders to secure the network. The main goal of our staking strategy is maximizing rewards for token holders.To reach that goal in Polkadot, we have been validating Kusama since the first day to polish our approach. Currently, we operate over 25 Kusama nodes with 300,000 KSM nominations and provide ~15% benefit for our nominators compared to average.Below I will briefly describe a temporary approach we are taking while DOT transfers are not enabled.<a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">Nominate P2P</a> to take part in this exciting journey.<h1 id="staking-in-polkadot">Staking in Polkadot</h1>In Polkadot nominators don't choose the amount delegated to a particular validator. Instead, they select preferred validators and their bonded stake automatically spreads amongst them to achieve an optimal distribution. Each token holder can pick up to 16 targets and the system will decide which ones will receive a delegation and the amount.Nominations represent stake-weighted voting for validators who compete for the active set. In the long term validators in the active set receive equal rewards meaning that the least staked node can potentially be more efficient.For example, assuming 0% commission, a nominator with <code>10 000 DOT</code> will receive 50% if the total stake of a validator is <code>20 000 DOT</code> and only 25% if <code>40 000 DOT</code>. But, if a staking provider does not have enough votes it can remain outside of the active set.To provide sustainable services validators need to find an optimal relation between the number of nodes and their total nominated stake. We run multiple nodes to provide an even distribution of stake for our nominators.<h1 id="dynamic-adjustment-strategy">Dynamic adjustment strategy</h1>The lower threshold of nominated stake decreases as the number of available seats in the active set increases and we will adjust to it retaining the number of our active nodes to be always one unit higher than the number that can win in elections.The reserved validator will enter the active set if it is expanded or more token holders vote for these nodes. Once this happens tokens will be distributed amongst the higher quantity resulting in a lower stake on each node. In this case nominators get a higher share in it. To explain the idea let's look at an example, which is simplified for better understanding.<h3 id="example">Example</h3>Let's assume that <code>12 000 DOT</code> is required to win in elections and <code>30 000 DOT</code> is staked with three validators two of which are in the active set while the third one is in reserve. In this case, tokens will be evenly distributed among the two active ones resulting in <code>~15 000 DOT</code> staked with each of them.If nominators vote for these three nodes with an additional <code>6 000 DOT</code> or the number of validators in the active set increases, the reserved validator will most likely win in the next elections. Stake of nominators will be redistributed resulting in <code>~10 000 DOT</code> per node and nominators will obtain a higher share. We will set a new reserve node that nominators can include in their nomination list in case of future changes.<hr>This temporary strategy will help us to remain flexible in the changing conditions of the network optimizing staking return for nominators who included all validators.Currently, we have ten nodes, which you can<a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy"> add to your nomination list</a>.<h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=strategy">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always ready to help and open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=strategy"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Polkadot 3 reasons to stake DOT right now

Transition to NPoS is expected to happen this week. Validator elections and rewards will be activated during this stage. Is it reasonable to stake at the very beginning or better to wait for exchange listings and activation of token transfers?There are more arguments for early staking, than against.<h1 id="time-is-rewards">Time is rewards</h1>During NPoS, all nominators will earn staking rewards. For those who haven't nominated yet, each day will result in a missed opportunity to receive additional interest on their DOT holdings.The period between NPoS and transfer activation is not defined. Some time will be taken to ensure that the network is stable enough before the next steps. After the enablement of decentralized governance, a technical committee and first councils should be elected. It will take at least 14 days. After that, someone will make a runtime upgrade proposal to remove sudo module, voting will take 28 days with an additional 30 days of enactment period before the upgrade.If a proposal to enable transfers will be the next one it will also take 28 days to vote for and 30 more days of enactment period. To sum up, more than 4 months and more than one third of annual DOT rewards can be lost just waiting for the right moment to stake.<h1 id="lower-staked-dot">Lower staked DOT</h1>In the early days of the network the number of staked DOT will start from a lower value and will increase gradually over time as new holders will join staking. Assuming a constant number of validators before network stabilization, the barrier for a node to enter the active set will be lower in the beginning.The average annual percentage return for a nominator depends on his share in the validator's total stake. It means that nominators who stake early obtain a bigger share in the validator pool receiving a higher portion of rewards. With enabled compounding nominators will be able to retain or even increase their share.If Joe has 15,000 DOT and the total stake of a validator is 30,000 DOT, Joe will receive one half of the rewards obtained by this validator node. If the total validator stake is 45,000 DOT Joe will receive only one third. In this example, commission rate is not taken into consideration for illustrative purposes.After raising the number of validator slots in the set, the barrier will decrease as well as the average stake among active validators meaning that the nominator's staking returns might increase even more.<h1 id="you-shall-not-miss">You shall not miss</h1>Polkadot investors have been waiting more than three years for a return on their initial investment. Some are worried that locking DOT in staking can interfere with a quick reaction when DOT become transferable and appear on exchanges.Enablement of transfers will be approved by the community of DOT holders via governance. The proposal will be voted for 28 days and if it is accepted, there will be an enactment period of 30 days before the upgrade. Tokens of participants who cast a Yay vote will be locked.In Polkadot, it is possible to vote without locking DOT in the enactment period, in this case, the weight of a vote will be decreased by 90%. There will be enough time to initiate unbonding for those who wish to fix a portion of DOT holdings as soon as possible. It is much more attractive than refusing three months of additional interest.In addition, we will notify nominators about the most important milestones and provide individual assistance in our<a href="https://t.me/P2Pstaking?ref=p2p.org"> Telegram chat</a>.<h1 id="staking-in-polkadot-is-simple">Staking in Polkadot is simple</h1>If you lack educational information and can't find guides explaining the required steps, read the detailed guides we have prepared to simplify the process:<ol><li><a href="https://p2p.org/economy/create-account-in-polkadot-network/">Create a Polkadot account</a></li><li><a href="https://p2p.org/economy/claim-dot-with-polkadotjs">Claim DOT tokens</a></li><li><a href="https://p2p.org/economy/polkadot-nomination-guide/">Nominate validators</a></li></ol><h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=reasons_to_stake">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of publishing, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alexey via [email protected]. We are always ready to help and open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=reasons_to_stake"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=reasons_to_stake">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Polkadot Create Account in Polkadot Network

This guide will walk you through the steps of creating Polkadot account and receiving individual address to <a href="https://p2p.org/economy/claim-dot-with-polkadotjs">claim DOT</a> tokens and <a href="https://p2p.org/economy/polkadot-nomination-guide">start nominating</a>.<a href="https://p2p.org/economy/create-account-in-polkadot-network#create-an-account-using-polkadotjs-ui">Create an account using Polkadot.JS UI</a><a href="https://p2p.org/economy/create-account-in-polkadot-network#create-an-account-using-polkadotjs-browser-extension">Create an account using Polkadot.JS browser extension</a><h1 id="create-an-account-using-polkadotjs-ui">Create an account using PolkadotJS UI</h1>Visit <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot UI</a>, go to <code>Settings</code> tab and select <code>address prefix</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-4.png" class="kg-image" alt loading="lazy" width="1899" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-4.png 1600w, https://p2p.org/economy/content/images/2020/09/1-4.png 1899w" sizes="(min-width: 720px) 720px"></figure>In a dropdown menu select Polkadot (live).<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-7.png" class="kg-image" alt loading="lazy" width="1899" height="857" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-7.png 1600w, https://p2p.org/economy/content/images/2020/09/2-7.png 1899w" sizes="(min-width: 720px) 720px"></figure>Set the node/endpoint. Choose one hosted by Parity or Web3 as on screenshot below and click <code>Save & Reload</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-6.png" class="kg-image" alt loading="lazy" width="1901" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-6.png 1600w, https://p2p.org/economy/content/images/2020/09/3-6.png 1901w" sizes="(min-width: 720px) 720px"></figure>Go to <code>Account</code> tab and press <code>Add account</code> button. Polkadot mainnet address should start with "1".<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-3.png" class="kg-image" alt loading="lazy" width="1906" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-3.png 1600w, https://p2p.org/economy/content/images/2020/09/4-3.png 1906w" sizes="(min-width: 720px) 720px"></figure>Complete all the required fields and save all information in a secure place. For future ease add in the name of the account “stash” to identify it easily in the future or add a tag after creation. You will be able to download and store your encrypted keystore locally.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-3.png" class="kg-image" alt loading="lazy" width="1902" height="856" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-3.png 1600w, https://p2p.org/economy/content/images/2020/09/5-3.png 1902w" sizes="(min-width: 720px) 720px"></figure>Press <code>Save</code> and backup your account.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-1.png" class="kg-image" alt loading="lazy" width="1901" height="863" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6-1.png 1600w, https://p2p.org/economy/content/images/2020/09/6-1.png 1901w" sizes="(min-width: 720px) 720px"></figure>For secure staking you will need to have at least two accounts:Stash - the primary account that holds the funds. The funds can be kept in a cold wallet and all bonded DOT are locked. After unbonding, users must wait for 28 days before they can access the locked funds.Controller - a separate account to control and perform staking commands for stash account, like changing nominations, starting or stopping nominating and so on. It needs to have sufficient funds in DOT to pay for transaction fees when actions are taken.Now you have created one account that initially will perform both functions. It will appear in your <code>Accounts</code> tab. After enablement of token transfers, it is recommended to create a separate account, send 1 DOT to it and use it as a controller.<h1 id="create-an-account-using-polkadotjs-browser-extension">Create an account using PolkadotJS browser extension</h1>As an alternative way of creating Polkadot account you can use Polkadot.JS browser extension. It is available for Chrome and Mozilla users.First install the extension:<ul><li><a href="https://addons.mozilla.org/en-US/firefox/addon/polkadot-js-extension?ref=p2p.org">Mozilla</a></li><li><a href="https://chrome.google.com/webstore/detail/polkadot%7Bjs%7D-extension/mopnmbcafieddcagagdcbnhejhlodfdd?hl=en&ref=p2p.org">Chrome</a></li></ul>You will see the orange logo in the menu bar.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7-1.png" class="kg-image" alt loading="lazy" width="1877" height="766" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/7-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/7-1.png 1600w, https://p2p.org/economy/content/images/2020/09/7-1.png 1877w" sizes="(min-width: 720px) 720px"></figure>Open the PolkadotJS plugin and press <code>Create New Account</code> or simply press the cross in the middle.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8-1.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8-1.png 600w, https://p2p.org/economy/content/images/2020/09/8-1.png 800w" sizes="(min-width: 720px) 720px"></figure>Write down or copy your seed phrase and go to the next step. If you will try to paste it before finishing the process, extension window will close so you will need to repeat this step.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9-1.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9-1.png 600w, https://p2p.org/economy/content/images/2020/09/9-1.png 800w" sizes="(min-width: 720px) 720px"></figure>Choose the name of account and set a secure password. Press the orange button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/10.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/10.png 600w, https://p2p.org/economy/content/images/2020/09/10.png 800w" sizes="(min-width: 720px) 720px"></figure>You will see the account in the extension menu. Now you can paste a seed phrase if you copied it in a previous step. Now check that address displays as a Polkadot mainnet address that should start from "1". Press a "gear" in the right top corner. In the dropdown menu choose Polkadot (live). Click <code>back</code> and you will see that address will transform. Now you can copy it to save as a plain text.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/11.png" class="kg-image" alt loading="lazy" width="800" height="885" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/11.png 600w, https://p2p.org/economy/content/images/2020/09/11.png 800w" sizes="(min-width: 720px) 720px"></figure>Download a backup JSON by pressing three dots and choosing <code>Export Account</code>. The extension will ask you to enter the password which you specified in a previous step.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/12.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/12.png 600w, https://p2p.org/economy/content/images/2020/09/12.png 800w" sizes="(min-width: 720px) 720px"></figure>Now you can visit <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot UI</a> and let the extension to add your account. If there was no such intention you can simply press <code>Restore JSON</code> and drug the backup file saved in a previous step. Even if you haven't changed the address format to Polkadot (live) in extension it still can be imported to the <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot UI</a> and transformed in a <code>Settings</code> tab.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/13.png" class="kg-image" alt loading="lazy" width="1899" height="860" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/13.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/13.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/13.png 1600w, https://p2p.org/economy/content/images/2020/09/13.png 1899w" sizes="(min-width: 720px) 720px"></figure>For secure staking you will need to have at least two accounts:Stash - the primary account that holds the funds. The funds can be kept in a cold wallet and all bonded DOT are locked. After unbonding, users must wait for 28 days before they can access the locked funds.Controller - a separate account to control and perform staking commands for stash account, like changing nominations, starting or stopping nominating and so on. It needs to have sufficient funds in DOT to pay for transaction fees when actions are taken.Now you have created one account that initially will perform both functions. It will appear in your <code>Accounts</code> tab. After enablement of token transfers, it is recommended to create a separate account, send 1 DOT to it and use it as a controller.<h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_create_account">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.<hr>Now you have an account in Polkadot. The next step is to <a href="https://p2p.org/economy/how-to-claim-dot-tokens-with-pokadot-js">claim DOT</a> and <a href="https://p2p.org/economy/how-to-nominate-validators-in-polkadot">start nominating</a>. If you have any questions, join our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected], we will be happy to help.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_create_account"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_create_account">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

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