The Graph (GRT) Staking Guides

TheGraph, Staking, Guide How to Delegate GRT Tokens for the Graph Network: A Beginner's Guide

Staking GRT (Graph Tokens) is a fantastic way to participate in the growth of The Graph network while earning rewards. Whether you're new to cryptocurrency or a seasoned investor, this guide will walk you through the process of delegating your GRT tokens step-by-step.<h2 id="what-is-the-graph">What is The Graph?</h2>The Graph is a decentralized protocol for indexing and querying data from blockchains. It allows developers to build and query decentralized applications (dApps) quickly and efficiently. The Graph network relies on a decentralized community of indexers, curators, and delegators to operate.<h2 id="why-delegate-grt-tokens">Why Delegate GRT Tokens?</h2>As a GRT token holder, you can delegate your tokens to indexers and earn a portion of the rewards they generate.Delegating GRT tokens helps secure the network and ensures its efficient operation. In return, you receive a share of the rewards earned by the indexers. It's a way to earn passive income from your GRT holdings without needing to run your own node or perform technical operations.<h2 id="step-by-step-guide-to-delegate-grt-tokens">Step-by-Step Guide to Delegate GRT Tokens</h2>To help you get started, we've prepared a comprehensive video tutorial that walks you through each step of the delegation process. Watch the video below for a visual guide, and then follow the detailed instructions provided in this article.  <style> .responsive-video { position: relative; padding-bottom: 56.25%; /* 16:9 aspect ratio */ height: 0; overflow: hidden; max-width: 100%; height: auto; } .responsive-video iframe { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } </style> <div class="responsive-video"> <iframe src="https://www.youtube.com/embed/ptG6xCCizCY" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> </div>  <h3 id="step-1-connect-your-wallet">Step 1: Connect Your Wallet</h3>Connect Your Wallet: Click on the "Connect Wallet" button. Select your wallet type (MetaMask, WalletConnect, or Ledger) and follow the prompts to connect your wallet to the site.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled.png" class="kg-image" alt="Untitled" loading="lazy" width="2000" height="539" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled.png 2000w" sizes="(min-width: 720px) 720px"></figure>Go to The Graph’s Website: Visit the official Graph Network website (<a href="https://thegraph.com/explorer?ref=p2p.org">https://thegraph.com/explorer</a>).<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-2.png" class="kg-image" alt="Untitled" loading="lazy" width="2000" height="996" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-2.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-2.png 2000w" sizes="(min-width: 720px) 720px"></figure><h3 id="step-2-choose-one-of-the-p2p-indexer">Step 2: Choose One of The P2P Indexer</h3>Locate Our Indexer: P2P has two active indexers, you can either search <code>p2p</code> within the indexers or visit one below:<div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-text">* p2p-org-booster.eth - <a href="https://thegraph.com/explorer/profile/0xf00f7157fa8fd0420b87956d46058a16b2f23adc?view=Indexing&chain=arbitrum-one&ref=p2p.org" rel="noopener noreferrer">0xf00f7157fa8fd0420b87956d46058a16b2f23adc</a> * p2p-org-arbitrum.eth - <a href="https://thegraph.com/explorer/profile/0x2f09092aacd80196fc984908c5a9a7ab3ee4f1ce?view=Indexing&chain=arbitrum-one&ref=p2p.org" rel="noopener noreferrer">0x2f09092aacd80196fc984908c5a9a7ab3ee4f1ce</a></div></div><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-3.png" class="kg-image" alt loading="lazy" width="2000" height="736" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-3.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-3.png 2000w" sizes="(min-width: 720px) 720px"></figure>Review Our Metrics: Check the performance metrics and reward rates associated with our indexer. Our commitment to excellence ensures competitive rewards and reliable service.Select Our Indexer: Click on our indexer’s profile to see more details and proceed with delegation.<h3 id="step-3-delegate-your-grt-tokens">Step 3: Delegate Your GRT Tokens</h3>Initiate Delegation: On our indexer’s profile, click the “Delegate” button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-4.png" class="kg-image" alt loading="lazy" width="2000" height="1642" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-4.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-4.png 2000w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">You will be required to pay 0.5% GRT deposit tax.</div></div>Enter Amount: Specify the amount of GRT tokens you want to delegate. Make sure you leave some GRT in your wallet to cover potential transaction fees. 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/2024/07/Untitled-5.png" class="kg-image" alt loading="lazy" width="2000" height="1732" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-5.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-5.png 2000w" sizes="(min-width: 720px) 720px"></figure>Approve Transaction: Approve the transaction in your wallet. This step allows the staking contract to access your GRT tokens.Confirm Delegation: After the approval, confirm the delegation transaction. Pay the necessary gas fees to complete the process.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-6.png" class="kg-image" alt loading="lazy" width="2000" height="1402" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-6.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-6.png 2000w" sizes="(min-width: 720px) 720px"></figure><h3 id="step-4-monitor-your-delegation">Step 4: Monitor Your Delegation</h3>Track Performance: You can monitor the performance of your delegation on the staking dashboard. It will show you the rewards you’ve earned and other relevant metrics.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-7.png" class="kg-image" alt loading="lazy" width="2000" height="2033" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-7.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-7.png 2000w" sizes="(min-width: 720px) 720px"></figure>Un-delegate: If you wish to un-delegate your tokens, you can do so from the dashboard. Note that un-delegating may have a 28-days cooldown period before your tokens become available again.<div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">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.</div></div><h2 id="tips-for-successful-delegation">Tips for Successful Delegation</h2>Stay Informed: Keep up with news and updates from The Graph network to make informed decisions about your delegations.Be Patient: Staking and delegating are long-term strategies. Give your investments time to grow.By following this guide and choosing P2P indexer, you'll be well on your way to successfully delegating your GRT tokens and participating in The Graph network. Enjoy earning rewards while contributing to the future of decentralized applications!<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 over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. 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> Our team is here via our official Telegram channel if you have any questions or support. Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Kamil Jakub Natil

from p2p validator

TheGraph The Graph: How can you migrate your delegation from Ethereum to Arbitrum

<h3 id="why-should-you-migrate">Why should you migrate?</h3>The Graph has decided to move the protocol to Arbitrum since gas fees are smaller for all operations there, including delegating & claiming query fees.Many query fees on Ethereum remained unclaimed as it was more expensive to claim than their value. As it is cheaper to claim them, delegators will finally have additional revenue to their stake with indexers.<h3 id="what-is-the-migration-schedule">What is the migration schedule?</h3>At the moment of writing, 5% of the total rewards of the protocol issuance happens on Arbitrum, while 95% of the rewards are still being distributed on Ethereum.Sometime around September 10th, a shift to 25% / 75% distribution is expected.If everything goes well, 2-4 weeks after that, the distribution will be changed to 50%/50%.As soon as enough stake will migrate to Arbitrum, the distribution will change to 95% Arbitrum / 5% Ethereum.<h3 id="when-is-it-better-to-move-your-delegation">When is it better to move your delegation?</h3>We have prepared a dashboard to help you make data-driven decisions and maximize your revenue during migration. <a href="https://reports.p2p.org/superset/dashboard/153?ref=p2p.org">https://reports.p2p.org/superset/dashboard/153</a>We have prepared the best date for you to start the process on this dashboard. <figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/qUGx-xI_6MnHMqd4G5ckGvDX6uARjJQtN-YD_QivM-Cb-KteAGwpx6n-RPXY_PE_nJLddxTQbX4bduqsUP8qE9n4OT2BLarTN4LtblrZFiKWb9Gkj6eWdWMy-NaLXLEbnPAKtrjSUYKmovoXwPz3FLA" class="kg-image" alt loading="lazy" width="602" height="104"></figure><h3 id="how-was-this-date-picked">How was this date picked?</h3>Below the dates, you can see our currently opened allocations on both indexers. You get your rewards when we close those allocations. So, if the allocation is open for 20 days, those rewards are stored on the smart contract, and when we close the allocations, the rewards for these 20 days are assigned to your address. The recommended days are when you get most of the rewards from L1, thus making you ready to move to L2.<h3 id="will-my-unclaimed-rewards-be-transferred-as-well">Will my unclaimed rewards be transferred as well?</h3>Yes.<h3 id="how-can-you-start-the-migration-process">How can you start the migration process?</h3><ol><li>Go to <a href="https://thegraph.com/explorer?ref=p2p.org">https://thegraph.com/explorer</a> and connect the wallet with your current delegation in the top right corner.</li><li>Expand the menu in the top right corner and click on the overview button to look at the general stats of your activity within The Graph.</li><li>There, you will see a notification that gives you an option to start the migration process</li></ol><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/14C-CDwh80UFsHSiO3MOV9lrdpjuPSOhdUmY7pFe7pQwDKjMoerTcWP-szx0KdIazxtgGnVkRoqZhM5aTs7U7QzoDO-MhNMTT0kVtYMbgQrHVZcAA8ur09tsfRunqGeJNj57axOBLbmoeMAgV0Yf-Fw" class="kg-image" alt loading="lazy" width="602" height="220"></figure>4. Click on the Transfer Delegation button. You will end up on this page:<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/QAx84LQZXVPlUVw9-j1a6q_xVv57os8qvZg8NrrzXnybM4PBbWeTPZC80xb3KtVdPEy-W3X5tnFzpHBiw2Vwlv0FypEXFkYUgM6w9mOPWuiwYxUxShMfy0ca4QoATOVJVu1ATS_hsKGnxBfbJ4O7Qk4" class="kg-image" alt loading="lazy" width="602" height="383"></figure>5. The Receiving Arbitrum One Wallet Address will be pre-filled with the same address as your current Ethereum wallet.a) Make sure that you control that Arbitrum address! If that is an EOA (a common wallet labeled as “Address” in etherscan), you are good to go unless you want to specify another wallet address.b) IF YOU ARE USING SAFE OR OTHER SMART CONTRACT WALLET, THEN YOU PROBABLY NEED TO CHANGE THE ADDRESS IN THE RECEIVING ARBITRUM ONE WALLET ADDRESS ! Your Safe Wallet is a SMART CONTRACT! Thus, you most likely don’t control this contract address on Arbitrum. So, change this field to the address you control! It can be another Safe or smart contract wallet on Arbitrum and a regular EOA address, but make sure you own it!6. It is better to send some ETH to this wallet address via the official Arbitrum bridge <a href="https://bridge.arbitrum.io/?ref=p2p.org">https://bridge.arbitrum.io</a> if you don’t have ETH there to pay for gas. Optional: To ensure you control this wallet, you can make some transactions there, no matter which. Remember that the migration process can not be reverted, so sending the tokens to an address you do not control will lose them!7. Push the transfer delegation button. Your transfer will be initiated.<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/MU3ceFGFV9DI_MDMwdSgBjzAQmSRux49rLytrVZwkvHopczlkRYwaKXAt6VES9v_x7kDP9kV3PaymD5XXtDkCD6Bn37D5WtLqRSJOi9t8CrKXDVFGGeIYAm7OeHfRbtM2wkJYzMJXHDFjDgtFD3VhhA" class="kg-image" alt loading="lazy" width="602" height="408"></figure> 8. You will see the countdown appear. It is better to stay nearby as the network can have gas spikes, and some additional actions might appear on the left part of the screen. After the countdown reaches 0, the migration will be completed.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/HRE4texsUIJnS0Km0gVESmzpW2BsGn2PFq9RYSuupufPXwCnD4eknyVLY6XmXievJElDvHwWrXI77_1N7PM16dfU6DpWy9fFActnfu_Dbv0qai7lc7A-vFUa_kLNMECbhU0HtHoJk4rnnhfwQLCfzVw" class="kg-image" alt loading="lazy" width="602" height="332"></figure>There is also an official guide by The Graph Foundation with videos so that they might be helpful. In any case, if you have any questions, feel free to ask them on our P2P telegram chat: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>And remember, no one from P2P.org or The Graph Foundation will DM you first! It is better to verify the identity of any person talking to you in the official telegram chat.

Kamil Jakub Natil

from p2p validator

TheGraph The Graph: How to become a Curator

<h3 id="the-graph-overview">The Graph overview</h3>The Graph is a decentralised protocol for querying and indexing data from blockchains. It is the backbone of major crypto projects like Uniswap, Lido, Livepeer and Decentraland. Basically, any dApp in order to be truly decentralised has to store its data on a distributed database. And The Graph is where dApps can store and collect information in a familiar Web 2.0 fashion but with Web3 security and reliability.You can capitalise on major Web3 projects’ successes and failures and earn fees on The Graph platform. The Graph supplies the databases and computing powers to support these projects and this work is done by the indexers. This work is backed by delegators that stake GRT by delegating it to them. Anyone can become a delegator and get between 9% and 15% APY on their GRT tokens.Those looking for a higher yield and comfortable with higher risks can consider becoming a curator. <h3 id="how-to-become-a-curator-and-earn-up-to-30-apr-on-the-graph">How to become a curator and earn up to 30% APR on The Graph</h3>A Curators’ job is to identify the most prosperous Web3 projects that use The Graph as their database and buy their shares. When a curator holds these shares they get a part of the query fees served by indexers with some of them returning up to 30% APY. With the new dashboard made by P2P for curators, it has become easier than ever to make data-driven decisions.<a href="https://reports.p2p.org/superset/dashboard/graph_curation?ref=p2p.org">https://reports.p2p.org/superset/dashboard/graph_curation</a><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/LWEFh4gxRK4CE8sSXkllZBvzy36YjMQi451EtVbXDWa3eHQR8s8UczlTY6Tbmq5_fJ1oJae4keRPkUWjlb8P_JJfEnjdo6N19XL0KdeABpsAIj1u5rJk4KV8_zE1_rZRcvwvFdenPU9_bAQNkbGsHGrjvABnpwgb8rjVSo5goYyZc4ic6ZUaTBXnc2BwfA" class="kg-image" alt loading="lazy" width="602" height="197"></figure>The first tab (subgraphs) is designed to give you data on where the upcoming query fees are going to be higher. The creators’ share column would help you identify how many other curators may leave and thus lower your share price, as it is unlikely (but still possible!) for subgraph creators to abandon their own subgraph.Query fees (QF) probability is calculated based on the past 30 days. If there were no queries in the last month, the probability of new queries is close to 0. The percentage takes into account all closed allocations, their size, and duration and estimates the probability of the next query.QF APR is estimated based on the annualised Price per Share changes in the last 30 days based on indexers' allocation collect events.QF APR If You Signal N GRT is calculated considering current signals & query fees collected in the last 30 days.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/fPz7MeZb9VYyYw_iuPEagHOUkDL8YfaTa9lYmumMy2HQ0Uj9Tr87iApkHN2rS1z6WBC28LpmrQO9dvUGWpBNVZ-YO76Z4V3uKPA65sTplIWK_Of07bnIRIPEJv1QdEBWVNGGLj_JMNDdnxyR-k-5qblJEHdGDyMNhpvj4bBJyGbh_5Iafk99X34fyjPU9g" class="kg-image" alt loading="lazy"></figure><h3 id="how-are-query-fees-accrued">How are query fees accrued</h3>Everything starts with indexers allocating their GRT to subgraphs. They would allocate their tokens proportionally to the number of signals on the subgraphs. In the table below Proportion = Signals / Allocated GRT <img src="https://p2p.org/economy/content/images/2022/12/image.png"> If for example, curators added signals to the UMA subgraph, this would in theory lead to more indexers allocating GRT there. An allocation generates rewards for a period of 28 epochs only (approx. 28 days). After that, the allocation stops generating rewards and indexers have an incentive to close them. They may also close their allocation earlier if the signals on the subgraphs change. You can observe indexers' behaviour towards particular subgraphs in the Selected Subgraphs’ Current Indexers’ Allocations table.<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/A2KQHjzfMubFzSf3ZibEnHuYz0GCsRrsTNU5ygynfA_13tZzoOMiWI9ejdvDeqpfG7rO3u4rXDkeWQdWRBkPcDFdlb16_Oo_Hi4dQskoZRBl_mOJZXj7Qxakft6kF4KjlJ2X26jzZuBSWsllv9WqHq0s3r0VNB8MR9SpZjMKpV2bmuqL1lwDzBOnGLzV9A" class="kg-image" alt loading="lazy" width="602" height="99"></figure>Here's how the allocation lifecycle plays out:<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2022/12/image-1.png" class="kg-image" alt loading="lazy" width="647" height="133" srcset="https://p2p.org/economy/content/images/size/w600/2022/12/image-1.png 600w, https://p2p.org/economy/content/images/2022/12/image-1.png 647w"></figure>Because Indexers have to pay gas for every action sometimes they choose not to collect query fees if the reward doesn't outweigh the cost. They can store those query fees and accumulate them until it is economically viable to claim them. To help you predict whether an indexer will claim query fees, we provide you with the stats for previous allocations. Curators only get their share of query fees after the indexers claim them.<h3 id="differences-between-the-share-price-and-the-token-price">Differences between the share price and the token price</h3>Query fees are not the primary source of income for curators. Most of the tokens earned come from the shares' price changes.The share price is not tied to the project’s token price. For example, changes in the Uniswap token price, UNI, do not correlate with changes in price for its subgraph shares. Some of the projects with a subgraph do not have a token at all, for example, Connext has not released its token yet. You also need to pay attention to the subgraph publisher. For example, Messari has published subgraphs for Uniswap, Lido and other projects, but those subgraphs are not used by Uniswap or Lido, but by Messari.With the help of our new tools, you can take a look at how other curators earn GRT on the share price changes. You can try to figure out the tactics that others use to become more profitable by taking a look at their portfolio and the actions they took.<h3 id="shares-price-and-bonding-curve">Shares price and bonding curve</h3>When signalling onto the subgraph a curator buys shares. The price of a share is pre-determined by the bonding curve and each subsequent share is more expensive. The same logic applies in the opposite direction. If someone sells a share, the share price of each curator on that subgraph drops as the price goes down the bonding curve. This process is well documented in <a href="https://thegraph.com/docs/en/network/curating/?ref=p2p.org">The Graph's official documentation</a>. The primary way to earn rewards in curation is by being among the first to notice the true potential of a subgraph.There are a few tactics that can be applied to be successful in this way of earning rewards. One that is very frowned upon by the community is the use of front-running bots that signal on a subgraph as soon as it appears in the network. There are different proposals on how to decrease their impact on the industry. These bots are not as aggressive as in other parts of the crypto ecosystem, so they still leave an opportunity for common investors to earn rewards in the curation market.Projects with big names, such as Lido, Messari, and Curve get their signals very quickly as it is assumed that they will generate both hype and query fees that would generate rewards. But keep in mind that anyone can create a subgraph with any name, so it is better to make sure that the subgraph you plan to signal on is the official one. In all the cases mentioned above, a good place to discuss any Curation related questions is the official <a href="https://discord.com/invite/vtvv7FP?ref=p2p.org">discord channel</a>.We hope our new tool helps you in your curation process decision-making, or if it is the case, it helps you get started. We are always happy to hear your feedback on the work we are doing, so do not hesitate to reach out, and make suggestions on how we can make The Graph even better.Check out the tool below.<figure class="kg-card kg-bookmark-card"><a class="kg-bookmark-container" href="https://reports.p2p.org/superset/dashboard/graph_curation/?ref=p2p.org"><div class="kg-bookmark-content"><div class="kg-bookmark-title">Superset</div><div class="kg-bookmark-description"></div><div class="kg-bookmark-metadata"><img class="kg-bookmark-icon" src="https://reports.p2p.org/static/assets/images/favicon.png" alt></div></div><div class="kg-bookmark-thumbnail"><img src="https://reports.p2p.org/static/assets/images/loading.gif" alt></div></a></figure><hr><h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_fee">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. At the time of publishing, P2P Validator is trusted with over $1B in staked assets by over 30,000 delegators across 40+ networks.

P2P Validator

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

Staking, TheGraph Graph Network - Brief Overview

The Graph Network is an indexing protocol built for the decentralised web. Users of the Graph Network can build and share open APIs across Ethereum and IPFS to allow for fast and reliable blockchain data access. Data is managed and processed via open networks, providing users with verifiable integrity.<h2 id="current-network-state">Current network state</h2>The Graph Network was <a href="https://medium.com/graphprotocol/introducing-the-graph-4a281b28203e?ref=p2p.org">introduced</a> in July 2018 and launched their <a href="https://thegraph.com/blog/the-graph-network-launches-mainnet?ref=p2p.org">mainnet</a> this year, on December 17th, as the first decentralized blockchain data network.The Graph Network works to improve access to decentralized applications through public and open APIs named subgraphs. Subgraphs dictate which data the network will index from Ethereum, as well as how this data is stored. Upon deployment, a subgraph forms part of a global blockchain data network. During their testnet phase, Graph saw over 200 active indexers, together with more than 1600 individuals, complete their <a href="https://thegraph.com/blog/curator-program-launch?ref=p2p.org">Curator Program</a> for decentralising data across DeFi.Between June and November 2020 they have seen a 10x increase - from 1 to 10+ billion monthly queries - with usage across Curve, Uniswap, Decentraland and more. <h2 id="grt-token-allocation">GRT Token allocation</h2>In October 2020, Graph Foundation <a href="https://thegraph.com/blog/public-sale-announcement?ref=p2p.org">announced a public sale</a> of GRT and successfully raised $12M. Earlier this year the Graph Foundation raised $5M in a <a href="https://thegraph.com/blog/funding-announcement?ref=p2p.org">private token sale</a>.The details of the GRT token can be found below: <ul><li>Symbol: GRT</li><li>Type: ERC-20</li><li>Initial Circulating Token Supply: ~1,245,666,867 GRT</li><li>Initial Total Token Supply: 10,000,000,000 GRT</li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/12/GRT_Piechart_v2-2.png" class="kg-image" alt loading="lazy" width="2000" height="1288" srcset="https://p2p.org/economy/content/images/size/w600/2020/12/GRT_Piechart_v2-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/12/GRT_Piechart_v2-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/12/GRT_Piechart_v2-2.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/12/GRT_Piechart_v2-2.png 2400w" sizes="(min-width: 720px) 720px"></figure>More information on the <a href="https://thegraph.com/blog/announcing-the-graphs-grt-sale?ref=p2p.org">GRT token sale</a> is available here: thegraph.com/blog/announcing-the-graphs-grt-sale 4% of the total GRT supply - 400M tokens - was allocated to 4,500+ persons across more than 90 countries. These delegators can contribute to the Graph Network through delegating their stake to network Indexers - like P2P - to earn indexing rewards.<h2 id="graph-network-staking-economics">Graph Network staking economics</h2>Staking in the Graph Network is a method of securing their data network and rewarding network contributions.Node operators across the network can lock their GRT tokens to provide indexing and query processing services for improved data access. These node operators - also known as ‘Indexers’ can earn fees and indexer rewards for this.Delegators across the network are those who hold the GRT token can stake it to contribute to the overall network security and receive a share of indexer rewards.Delegation lets passive, less technical participants secure the Graph Network without the need to run a node.Indexers - like P2P - set a Fee and Reward Percentage which they keep, with the rest of the rewards transferring to Delegators. The annual emission in The Graph network is set to 3%. There is no slashing risk for delegators but the current Indexer slashing percentage is at 2.5%.<a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> currently has the largest Graph Network Indexer globally, with a 33M GRT balance and 530M GRT capacity. Our Indexer balances are available on network.thegraph.com.Address 1: 0x5A8904be09625965d9AEc4BFfD30D853438a053e (0x5a89—8a053e)Address 2: 0xf4a097ce3a4efbd1748b2ef2076813961e4e6fa7 (0xf4a0—4e6fa7)Users that want to contribute to the stability and security of the Graph Network without the complexities associated with node management can delegate staking to Indexers and earn a portion of on-chain indexing reward. To delegate GRT with us, please refer to the resources below: <ul><li><a href="https://p2p.org/economy/the-graph-delegation-guide-for-locked-grt/">Graph (GRT) Delegation Guide - Locked tokens</a></li></ul><figure class="kg-card kg-embed-card"><blockquote class="twitter-tweet" data-width="550">We are proud to have launched the largest <a href="https://twitter.com/graphprotocol?ref_src=twsrc%5Etfw&ref=p2p.org">@graphprotocol</a> Indexer and self-bond worldwide with an owned stake of 33.4M GRT and 500M GRT available capacity. 0x5a8904be09625965d9aec4bffd30d853438a053e See our GRT delegation guide 👉 <a href="https://t.co/MJMCtrztfY?ref=p2p.org">https://t.co/MJMCtrztfY</a>— P2P Validator (@P2Pvalidator) <a href="https://twitter.com/P2Pvalidator/status/1341371588139229185?ref_src=twsrc%5Etfw&ref=p2p.org">December 22, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> </figure><h2 id="graph-network-resources">Graph Network resources</h2><ul><li>Website: <a href="https://thegraph.com/?ref=p2p.org">thegraph.com</a></li><li>Explorer: <a href="https://thegraph.com/explorer/?ref=p2p.org">thegraph.com/explorer</a></li><li>Docs: <a href="https://thegraph.com/docs/?ref=p2p.org">thegraph.com/docs</a></li><li>Network: <a href="https://network.thegraph.com/?ref=p2p.org">network.thegraph.com</a></li><li>Github: <a href="https://github.com/graphprotocol?ref=p2p.org">github.com/graphprotocol</a></li><li>Blog: <a href="https://thegraph.com/blog/?ref=p2p.org">thegraph.com/blog</a></li></ul><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 by over 10,000 delegators across 25+ high-class networks. We have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in The Graph project in 2018 and intends to run indexers in the long term.

Admin

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

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