Tezos (XTZ) Staking Guides

Tezos Tezos Mumbai Upgrade Now Live!

We are excited to announce that the Tezos Mumbai upgrade has successfully passed and is now fully operational on Mainnet.The Tezos Mumbai upgrade brings with it a host of new features and improvements, including:<ul><li>Epoxy - Tezos Validity Rollup (aka ZK-rollup) solution, allowing for instant finality due to SNARK’s proof-of-validity.</li><li>Reduced block time to 15 seconds, thanks to improved pipelining.</li><li>Ticket transfers between accounts, including implicit accounts.</li><li>New RPCs for ticket balances, improving ticket ownership visibility.</li><li>New Michelson operations, allowing for logical operations on bytes.</li></ul>The Mumbai upgrade also includes the activation of Smart Rollups on Mainnet, a powerful scaling solution that allows anyone to deploy decentralized WebAssembly applications with dedicated computational and networking resources. Furthermore, the upgrade disables Transaction Optimistic Rollups on Mainnet, as these can now be easily implemented through Smart Rollups.In addition to the successful upgrade of the Tezos network, we are pleased to announce that our baker infrastructure has been upgraded as well. Our bakers have completed the necessary upgrades to ensure that they are able to continue providing secure and reliable services to XTZ stakers.To learn more about the Tezos Mumbai update, check out the full preview post on the<a href="https://research-development.nomadic-labs.com/mumbai-preview.html?ref=p2p.org"> Tezos website</a>. The<a href="https://tezos.gitlab.io/protocols/016_mumbai.html?ref=p2p.org"> changelog</a> provides a detailed list of changes, and a general technical overview of Mumbai can be found in the protocol proposal’s<a href="https://tezos.gitlab.io/mumbai/protocol.html?ref=p2p.org"> technical documentation</a>.This is a joint post from Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda & Functori.<h1 id="about-p2p">About P2P</h1>P2P Validator began in 2018 with a mission to positively influence the development of POS technologies. 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 work closely with each network we support to push the developments of each project to new limits.

P2P Validator

from p2p validator

Tezos, Staking P2P Launched Dashboard For All Tezos Users

From now, P2P Staking Dashboard expands tracking for all Tezos bakers. You can check received and pending rewards, balances and current delegations across any amount of addresses for any baker in one place.Try it now at <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org</a><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/Connect-with-manual4b1e6e8eea0a0233.gif" class="kg-image" alt loading="lazy" width="1440" height="616" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/Connect-with-manual4b1e6e8eea0a0233.gif 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/Connect-with-manual4b1e6e8eea0a0233.gif 1000w, https://p2p.org/economy/content/images/2020/09/Connect-with-manual4b1e6e8eea0a0233.gif 1440w" sizes="(min-width: 720px) 720px"></figure>Token holders in the Tezos network are faced with the problem of tracking received and expected rewards from their baker. Often, a user who has delegated his assets does not have the opportunity to check and if the baker delays payment or stops paying at all (as was the case with Flippin Tacos), he loses the reward.All this is even more difficult if you are baking with several bakers or splitting your assets between different addresses.P2P Dashboard gives Tezos users an easy way to track payouts for unlimited addresses for all bakers. By adding one or more addresses to the panel, you can find information about current delegations, balances, and payments.<blockquote>“ In building P2P Validator we have gained a lot of experience and learned about delegators’ needs by communicating with those in the Tezos network. We feel the love from the Tezos community and want to pay something back by solving the problem of tracking Tezos portfolios with multiple addresses. We launched P2P Dashboard and our goal is to make life easier for delegators who have 1 or more Tezos accounts!</blockquote><blockquote>Paul P. - product manager at p2p.org”</blockquote>To start, go to <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org</a> and click on the Get started button in the right corner. Connect to the panel by manually entering the address or using your Ledger device.Try it now at!<hr>Web: <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org</a>Stake Tezos with us: <a href="https://p2p.org/tezos?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org/tezos</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>

Pavel Pavlov

from p2p validator

Tezos Confusion with calculation of available staking capacity in Tezos. Who is right?

Tezos ecosystem includes solid tools to monitor network performance and staking rewards. Block explorers represent a major part of the ecosystem transparency and health. Delegators and bakers often rely on such tools before making decisions such as, should I add to my self-bond or which baker to stake with. Diversity of these services provide users with unique experience and allow them to choose one that corresponds to a particular need.Analytical explorers display two types of parameters. The first is derived right from the blockchain data and in most cases they are identical on different analytical tools. Values of these parameters can be slightly different on various explorers because of the network data update frequency. The second type of parameters is calculated using network variables and blockchain data.It may lead to a confusion when the same variable has different values on multiple resources. It can be because of different approaches taken for calculation or using different timeframes. Currently, available staking capacity has different values for the same bakers on various analytical websites. It represents an amount of XTZ that can be staked with a particular baker without making him over-delegated. Delegated tokens above the limit will not contribute to the power of the baker.<h3 id="example">Example</h3>Stats for P2P Validator on various analytical tools for 19.03.2020:Tzstats.io: staking capacity = 14 048 492 XTZ resulting in available staking capacity = 1 971 806 XTZ.MyTezosBaker: available staking capacity = 802 752 XTZ| staking capacity = 12 881 681 XTZ.Tezos Nodes: available staking capacity = 2 007 769 XTZ resulting in staking capacity = 14 079 769 XTZ.Baking Bad: available staking capacity = 1 972 000 XTZ resulting in staking capacity = 14 044 000 XTZ.In some cases, the difference between the values above is significant and cannot be explained by fluctuations of baking rights and endorsements. Who is right?The purpose of this post is to establish a single approach for available staking capacity calculation and eliminate errors and confusion for end users on various analytical resources. Below I share my understanding of the correct approach to calculate this parameter and invite everyone in Tezos community to join the discussion, express your point of view or suggest other ways of thinking about this parameter.<h1 id="security-deposit">Security deposit</h1>In order to create blocks baker should maintain a specific amount of self-bond that is used for security deposit required by the Tezos protocol and subjected to slashing as a measure against misbehavior. Security deposit per created block is equal to 512 XTZ and per endorsement is equal to 64 XTZ. When validator bakes block or endorses, these funds become frozen for a number of preserved cycles defined by the protocol and unfreeze at their end.If we assume that 100% of total supply participate in staking we can calculate the minimum bond requirement for a baker: <code>((block_security_depo + endorsement_security_depo * endorsers_per_block) * blocks_per_cycle * (preserved_cycles+1)) / total_supply</code>Let's split this formula into parts:Part 1: <code>block_security_depo + endorsement_security_depo * endorsers_per_block</code>In this part we calculate the total amount of security deposit per block.Part 2: <code>blocks_per_cycle * (preserved_cycles+1)</code>By multiplying the total security deposit per block by the number of blocks in the cycle and frozen period plus one we get the total amount of XTZ that are frozen for preserved cycles.Part 3: <code>Part 1 * Part 2 / total_supply</code>Here we finally calculate the security deposit share of the total supply.Let's crunch some numbers:<code>block_security_depo = 512 XTZ</code><code>endorsement_security_depo = 64 XTZ</code><code>endorsers_per_block = 32</code><code>blocks_per_cycle = 4096</code><code>preserved_cycles = 5</code>All these parameters are derived from a Tezos protocol and represent constant values until community decides to propose changes via governance procedure. The only dynamic parameter is <code>total_supply</code> which is equal ~ 829,34 million XTZ (19.03.2020).The actual self-bond requirement is floating as baking frequency and endorsement rights are changing but for this case we will not take possible baking deviations into consideration.The whole calculation of minimum self-bond requirement if 100% tokens at stake look like: <code>((512 + 64 * 32) * 4096 * (5+1)) / 829 340 996 = 7,59%</code>.With a decrease of total supply percentage at stake, minimum self-bond requirement will increase as overall share of frozen XTZ in a security deposit related to the participating tokens will be higher.To calculate the exact self-bond requirement we can simply put the exact number of tokens at stake instead of <code>total_supply</code> or divide the result of previous calculation, made for 100% staked tokens, by the actual percentage of staked XTZ. It will result in ~9,64% of actual self-bond requirement for a baker.The only caveat here is that <code>total_supply</code> is growing over time while security deposits remain the same. In the long run it will result in lower self-bond requirement as well as the network security.<h1 id="available-staking-capacity">Available staking capacity</h1>After finding the exact self-bond requirement we can answer two questions:1) Does a particular baker maintain sufficient self-bond?2) How many XTZ a particular baker can accept before it becomes over-delegated?To answer the first question we should find a self-bond share in the total staking balance.<code>staking_balance = self_bond + delegated_balance</code><code>self_bond / staking_balance * 100 = X%</code>.If <code>X > actual_self_bond_req</code> then baker has enough self-bond and won't miss baking or endorsement slots.The answer to the second question is available staking capacity. To find this value we should substract staking balance from the maximum balance.<code>max_balance = self_bond / actual_self_bond_req</code><code>available_staking_capacity = max_balance - staking_balance</code>To make calculation of available capacity even more precise you can adjust <code>self_bond</code> by <code>frozen_fees</code> + <code>frozen_rewards</code> as they do not take part in security deposits and use actual rolls of a baker to get the actual <code>staking_balance</code>.Using formulas from above we get <code>available staking capacity of P2P Validator ~ 1 997 663 XTZ</code> (19.03.2020).Seems like <a href="https://baking-bad.org/?ref=p2p.org">Baking Bad</a>, <a href="https://tzstats.com/tz1P2Po7YM526ughEsRbY4oR9zaUPDZjxFrb?ref=p2p.org">Tzstats</a> and <a href="https://www.tezos-nodes.com/?ref=p2p.org">Tezos Nodes</a> are quite aligned with the value and use similar approach for calculation of a baker free space.Now you have all the necessary information to check by yourself if the self-bond is sufficient enough to bake and what is the available staking capacity of a baker. In addition, we have created a <a href="https://docs.google.com/spreadsheets/d/1ZxRBHETPixxeYAG0efJbXsKeiIHPq1nGWJ2ZazND2a8/edit?ref=p2p.org#gid=1765745933">spreadsheet with prepared calculations</a> for simplicity. We also improved a calculation for self-bond and staking balance of a baker to make available capacity value even more precise.<hr>Special thanks to Baking Bad and StakeNow for paying attention to the article and facilitating valuable discussions.<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>Stake XTZ with us: <a href="https://p2p.org/economy/p2p.org/tezos">p2p.org/tezos</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

Tezos P2P Validator: our payout model for Tezos rewards is changed

At <a href="https://p2p.org/?ref=p2p.org">p2p.org</a> we want to build the most simple and secure staking service for our clients. Our delegators prefer to get their rewards faster and we have done it! We are improving the staking experience for all our delegators making P2P Validator a comfortable and robust partner to stake with.<h1 id="first-tezos-payout-40-faster">First Tezos payout 40% faster</h1>When someone delegates XTZ to a baker, the staked amount begins to generate rewards 7 cycles (1 cycle ~ 3 days) after the cycle the delegation was made. At the end of this period stake earns a portion of the total rewards generated in each of the following cycles. These rewards get frozen for 5 cycles together with the security deposits. If a baker double-bakes or double-endorses these funds get seized from the baker as a punishment measure. In addition, the baker loses all the rewards and fees that were locked together with the security deposits.Each baker decides their reward payout model. To make the staking process easier we will pay rewards that are frozen from our own funds since they are already earned. The first payout will follow after the 7th cycle. All delegators will get their rewards in advance even in cases of slashing.<h3 id="new-delegators">New delegators</h3>Example - you started staking at <code>cycle 154</code>. The user will get their first reward after twelve cycles. Rewards begin accumulating after the 7th cycle. The first reward will follow at <code>cycle 166</code>. However, if you delegate to <a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> you will get your first payout at <code>cycle 161</code>, which is 15 days earlier than originally expected. This method decreases the wait period for the first payout by 40%.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-10.png" class="kg-image" alt loading="lazy" width="1743" height="361" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-10.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-10.png 1600w, https://p2p.org/economy/content/images/2020/09/1-10.png 1743w" sizes="(min-width: 720px) 720px"></figure><h3 id="recent-delegators">Recent delegators</h3>On October 1, 2019 our existing delegators will get their rewards that are currently frozen and will continue to receive payouts each following cycle. For example, if you delegated in <code>145 cycle</code>, you will get rewards for two cycles (C152, C153) with two transactions. Each payout will correspond with the reward of the cycle. After that you will get payouts each cycle, so the next reward will be distributed at <code>cycle 155</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-12.png" class="kg-image" alt loading="lazy" width="1639" height="295" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-12.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-12.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-12.png 1600w, https://p2p.org/economy/content/images/2020/09/2-12.png 1639w" sizes="(min-width: 720px) 720px"></figure><h3 id="early-delegators">Early delegators</h3>For our early clients who have been with us for more than twelve cycles, these changes will mean that you will receive your frozen rewards immediately. For example, if you delegated at <code>cycle 142</code> under the old payout model you would have received rewards for <code>cycle 149</code> at <code>cycle 154</code>. In our new model, at <code>cycle 154</code> you will receive five payouts for cycles 149, 150, 151, 152, 153 that correspond with the reward of the cycle. After that cycle you will continue to receive rewards each following cycle without further delays or shortfalls. Thank you for delegating with us!<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-11.png" class="kg-image" alt loading="lazy" width="1734" height="275" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-11.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-11.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-11.png 1600w, https://p2p.org/economy/content/images/2020/09/3-11.png 1734w" sizes="(min-width: 720px) 720px"></figure>We have confidence in the resilience of our infrastructure. We take full responsibility for any losses in the event of double-baking/endorsing occurring. In other words, if such an event takes place all delegators will get their rewards as planned and losses will be assumed by our bakery.Safety of rewards for our delegators is our top priority. We insure our payouts with Baking Bad so, if we miss a significant number of blocks or endorsements (in other words if our performance is less than 90%), the corresponding reward will still be paid. We actively manage our self-bond to increase capacity and maintain the highest possible reliability AAA+ rating.We hope such a payout model will add value for our delegators and simplify the understanding of our rewards payout schedule for Tezos.If you have any questions feel free to contact our team. We are always open for communication.<hr>Thanks to <a href="https://sure.baking-bad.org/?ref=p2p.org">Baking Bad</a>, David Telfer and our active delegator John for their help in improving this article.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.Web:<a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a>Stake XTZ with us: <a href="https://p2p.org/tezos?ref=p2p.org">https://p2p.org/tezos</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

Tezos Stake Tezos with Ledger on p2p.org

Staking is always comes with some degree of risk. The delegation process in most cases is not a simple one and a possible danger lies in the need to store your tokens with a third party provider in order to improve your staking experience. The fundamental rule is: your keys - your crypto. When you hold your keys you control the risk, when you use third parties in order to simplify the delegation process you transfer the risk to them.One of the most secure ways to become a delegator is to use cold staking from your hardware wallet even if sometimes it is less convenient. Now you can simply hold your Tezos in your Ledger and safely delegate to P2P Validator using a simple staking tool on our website.To get started go to <a href="https://p2p.org/tezos/?ref=p2p.org">p2p.org/tezos</a> and click on “Delegate with Ledger” button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-4.png" class="kg-image" alt loading="lazy" width="2000" height="741" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-4.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-4.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-1-choose-tezos-from-the-list-of-available-networks">Step 1. Choose Tezos from the list of available networks</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-5.png" class="kg-image" alt loading="lazy" width="1368" height="1040" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-5.png 1000w, https://p2p.org/economy/content/images/2021/04/image-5.png 1368w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-2-connect-your-ledger-device-and-navigate-to-tezos-app">Step 2. Connect your Ledger Device and Navigate to Tezos App</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-7.png" class="kg-image" alt loading="lazy" width="1364" height="974" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-7.png 1000w, https://p2p.org/economy/content/images/2021/04/image-7.png 1364w" sizes="(min-width: 720px) 720px"></figure>After a successful connection, you will see your address and available balance for delegation in the opened window.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-6.png" class="kg-image" alt loading="lazy" width="1356" height="1102" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-6.png 1000w, https://p2p.org/economy/content/images/2021/04/image-6.png 1356w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-4-confirm-transaction">Step 4. Confirm Transaction</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-8.png" class="kg-image" alt loading="lazy" width="1372" height="1354" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-8.png 1000w, https://p2p.org/economy/content/images/2021/04/image-8.png 1372w" sizes="(min-width: 720px) 720px"></figure>Some key facts about Tezos (XTZ) staking with P2P:<ul><li>You will get your first reward 40% faster with P2P.</li><li>There is no unstaking period and your tokens will be transferable immediately upon unstaking.</li><li>Staking rewards distributed every cycle (~2,8 days).</li><li>All staking rewards are compounded automatically.</li></ul><hr>If you have any additional questions, please don't hesitate to ask them in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram </a>community and support at <a href="https://p2p.org/?ref=p2p.org">p2p.org</a>.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.Web: <a href="https://p2p.org/?ref=p2p.org">p2p.org</a>Stake your XTZ with us: <a href="https://p2p.org/tezos?ref=p2p.org">p2p.org/tezos</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/p2pvalidator?ref=p2p.org">t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Explain Like I'm Five, Tezos, Staking No loss of rewards, change a baker!

<blockquote>Enjoy a second post in our comic-strip <a href="https://p2p.org/economy/category/Eli5/">style Eli5 series</a> covering loss of rewards, stopping baking and redelegation in Tezos blockchain.</blockquote>Arthur is having dinner with Kate, a colleague from work. They get on very well and talk about a lot of things about themselves. They discover they both have the same opinion about banks - they are crypto-enthusiasts.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>Arthur and Kate share their experiences with PoS tokens. They both love Tezos as an up-and-coming network.Arthur: Who is your delegator? I have been with P2P Validator since 2018. I love their intuitive dashboard - I can see my rewards and rewards history at a glance.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/2-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>Kate: Oh, I really struggle to find out my rewards. My delegator is terrible at keeping me in the loop. I discovered they didn’t pay my rewards on time or in full. It’s a real headache.A: Be carefull, maybe in future they may not pay at all. Why not change? It's really simple.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/3-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>K: Won't I lose my rewards while I’m redelegating?A: No, your rewards from your old baker must be paid to you in full even when you stop baking completely. If you redelegate, your new baker will start to pay your rewards automatically when they are due.K: That sounds great! How do I get started?A: It’s easy, just follow these simple steps:<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/4-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>step 1: Open your wallet and select your delegating accountstep 2: Press Delegate than Update delegate buttonsstep 3: Confirm with Ledger and enter P2P Validator address, finally Confirm once more.K: Do you recommend that I choose P2P Validator?<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-8.png" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-8.png 1000w, https://p2p.org/economy/content/images/2020/09/5-8.png 1280w" sizes="(min-width: 720px) 720px"></figure>A: Absolutely. They are extremely efficient, have a great track record and only charge a fair validator fee.K: You’ve sold them to me. How about coming up for a cup of coffee and help me to do it now.A: This will be the beginning of a beautiful relationship!<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-5.png" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-5.png 1000w, https://p2p.org/economy/content/images/2020/09/6-5.png 1280w" sizes="(min-width: 720px) 720px"></figure>In our next story you will learn about Proof-of-Stake (POS) and staking. Let us know what you think and make suggestions for topics you would like us to cover.Let’s stake together!Website: <a href="https://p2p.org/?utm_source=Tezos1post&utm_medium=creds_link&utm_campaign=blog">p2p.org</a>Stake XTZ with us: <a href="https://p2p.org/tezos?ref=p2p.org">p2p.org/tezos</a>Twitter: <a href="http://twitter.com/p2pvalidator?ref=p2p.org">twitter.com/p2pvalidator</a>Telegram: <a href="http://t.me/p2porg?ref=p2p.org">t.me/p2porg</a>

Alex Michailow

from p2p validator

Explain Like I'm Five, Tezos, Staking When do I start receiving Tezos rewards?

<blockquote>Enjoy our first light-weight post of <a href="https://p2p.org/economy/category/Eli5/">Eli5 series</a> covering a reward distribution in Tezos blockchain in the form of comic-strip style story.</blockquote>John has some Tezos tokens and wants to receive rewards. He takes them to a baker*, P2P Validator.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/1-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>John makes an agreement to delegate his tokens to P2P Validator and becomes a delegator.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-2.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-2.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-2.jpg 1000w, https://p2p.org/economy/content/images/2020/09/2-2.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>The tokens remain in John’s wallet, but the staking balance of P2P Validator increases.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-2.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-2.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-2.jpg 1000w, https://p2p.org/economy/content/images/2020/09/3-2.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>P2P Validator bakes John’s tokens for 7 cycles (typically 21 days).<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-2.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-2.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-2.jpg 1000w, https://p2p.org/economy/content/images/2020/09/4-2.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>After 7 cycles John can see on P2P Dashboard by how much his tokens have grown.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5.jpg 1000w, https://p2p.org/economy/content/images/2020/09/5.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>It worked! John started getting rewards on his delegator address as soon the 7th cycle was completed (typically 21-23 day). The delegating process continues afresh and compounds automatically, so John’s reward tokens work with his original stake to increase his rewards in the next cycle.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6.jpg 1000w, https://p2p.org/economy/content/images/2020/09/6.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>P2P Validator receives 9.95% validator fee and uses it to pay for:<ul><li>server time & running costs</li><li>building better infrastructure</li><li>24/7 technical support</li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/7.jpg 1000w, https://p2p.org/economy/content/images/2020/09/7.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>P2P Validator is part of a tezos network, which is a decentralised one. There are many validators (bakers) in the network and each one makes their own decision on what fees to charge. If a fee is too low there is a risk to the baking process. We believe in charging a fair fee for a good service. Choose P2P Validator and get:<ul><li>First reward 40% faster</li><li>Efficiency 101.18%</li><li>Payout accuracity AAA+</li><li>Baking Bad rewards insurance</li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/8.jpg 1000w, https://p2p.org/economy/content/images/2020/09/8.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>In our next story you will learn how to redelegate (change a baker) and how to stop the delegation.Let’s stake together!Website: <a href="https://p2p.org/?utm_source=Tezos1post&utm_medium=creds_link&utm_campaign=blog">p2p.org</a>Stake XTZ with us: <a href="https://p2p.org/tezos?ref=p2p.org">p2p.org/tezos</a>Twitter: <a href="http://twitter.com/p2pvalidator?ref=p2p.org">twitter.com/p2pvalidator</a>Telegram: <a href="http://t.me/p2porg?ref=p2p.org">t.me/p2porg</a>

Pavel Pavlov

from p2p validator

Subscribe to P2P-economy

Blog