To participate in Cyberway economy you need to purchase CYBER tokens on kuna.io exchange. To become a delegator you can stake using cleos or transfer tokens to your golos.io account and delegate from there.
Create an account on golos.io
Visit golos.io web page
sign up and complete all the required fields
After filling in the verification code you will get a pdf file with all the information related to your account. Save it in a secure place.
Send CYBER tokens to your account
three-dot button on the top right side of the screen
Here navigate to the
Here you will see your user ID. It is also written down in a PDF file that you will have received after registration. Put this address as a destination point for sending CYBER tokens from an exchange
You will be able to check your balance in a wallet tab, see if a transaction was successful and funds have been received
Delegate CYBER tokens to a validator
To delegate your stake to a validator you will need to convert your CYBER into a STAKE CYBER. Press
You will see a conversion window where you should select CYBER
Fill the desired amount to bond and press
After that you will see the converted amount of tokens in your wallet.
Now you can choose a validator. Press
three-dot button on the top right side of the screen and go to the
On the list find
@creator and press the upward arrow beside the name (in the same row)
In a dialog window fill the amount of tokens you wish to delegate and press
You will see the delegated amount beside the name of your chosen validator
Congratulations! You have finished the delegation process. You will receive your staking reward each
3499 blocks (~3 hours).
If you have any questions feel free to contact our team. We are always open for communication.
P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.
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<p>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.</p><p>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.</p><p>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, <em><em>available staking capacity</em></em> 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.</p><h3 id="example"><strong>Example</strong></h3><p>Stats for P2P Validator on various analytical tools for 19.03.2020:</p><p><em><em>Tzstats.io</em></em>: staking capacity = 14 048 492 XTZ resulting in available staking capacity = <strong><strong>1 971 806 XTZ</strong></strong>.</p><p><em><em>MyTezosBaker</em></em>: available staking capacity = <strong><strong>802 752 XTZ</strong></strong>| staking capacity = 12 881 681 XTZ.</p><p><em><em>Tezos Nodes</em></em>: available staking capacity = <strong><strong>2 007 769 XTZ</strong></strong> resulting in staking capacity = 14 079 769 XTZ.</p><p><em><em>Baking Bad:</em></em> available staking capacity = <strong><strong>1 972 000 XTZ</strong></strong> resulting in staking capacity = 14 044 000 XTZ.</p><p>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?</p><p>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.</p><h1 id="security-deposit"><strong>Security deposit</strong></h1><p>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.</p><p>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></p><p>Let's split this formula into parts:</p><p>Part 1: <code>block_security_depo + endorsement_security_depo * endorsers_per_block</code></p><p>In this part we calculate the total amount of security deposit per block.</p><p>Part 2: <code>blocks_per_cycle * (preserved_cycles+1)</code></p><p>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.</p><p>Part 3: <code>Part 1 * Part 2 / total_supply</code></p><p>Here we finally calculate the security deposit share of the total supply.</p><p>Let's crunch some numbers:</p><p><code>block_security_depo = 512 XTZ</code></p><p><code>endorsement_security_depo = 64 XTZ</code></p><p><code>endorsers_per_block = 32</code></p><p><code>blocks_per_cycle = 4096</code></p><p><code>preserved_cycles = 5</code></p><p>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 <em><em>~ 829,34 million XTZ</em></em> (19.03.2020).</p><p>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.</p><p>The whole calculation of minimum self-bond requirement <em><em>if 100% tokens at stake</em></em> look like: <code>((512 + 64 * 32) * 4096 * (5+1)) / 829 340 996 = 7,59%</code>.</p><p>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.</p><p>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 <strong><strong>~9,64%</strong></strong> of <em><em>actual self-bond requirement</em></em> for a baker.</p><p>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.</p><h1 id="available-staking-capacity"><strong>Available staking capacity</strong></h1><p>After finding the exact self-bond requirement we can answer two questions:</p><p>1) Does a particular baker maintain sufficient self-bond?</p><p>2) How many XTZ a particular baker can accept before it becomes over-delegated?</p><p>To answer the first question we should find a self-bond share in the total staking balance.</p><p><code>staking_balance = self_bond + delegated_balance</code></p><p><code>self_bond / staking_balance * 100 = X%</code>.</p><p>If <code>X > actual_self_bond_req</code> then baker has enough self-bond and won't miss baking or endorsement slots.</p><p>The answer to the second question is available staking capacity. To find this value we should substract staking balance from the maximum balance.</p><p><code>max_balance = self_bond / actual_self_bond_req</code></p><p><code>available_staking_capacity = max_balance - staking_balance</code></p><p>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>.</p><p>Using formulas from above we get <code>available staking capacity of P2P Validator ~ 1 997 663 XTZ</code> (19.03.2020).</p><p>Seems like <a href="https://baking-bad.org/">Baking Bad</a>, <a href="https://tzstats.com/tz1P2Po7YM526ughEsRbY4oR9zaUPDZjxFrb">Tzstats</a> and <a href="https://www.tezos-nodes.com/">Tezos Nodes</a> are quite aligned with the value and use similar approach for calculation of a baker free space.</p><p>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#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.</p><hr><p><em><em>Special thanks to Baking Bad and StakeNow for paying attention to the article and facilitating valuable discussions.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/"> https://p2p.org</a></p><p><strong><strong>Stake XTZ with us:</strong></strong> <a href="https://p2p.org/economy/p2p.org/tezos">p2p.org/tezos</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator"> https://t.me/p2pvalidator</a></p>
<p>iGaming industry is growing really fast. Size of the online gambling market is anticipated to almost double and will reach <a href="https://www.prnewswire.com/news-releases/global-online-gambling-market-size-worth-usd-73-45-billion-by-2024-hexa-research-869794438.html">73</a> - <a href="https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/">94</a> billion USD in 2024. Traditional solutions offer high level of user experience but still lack transparency and fairness. These limitations can be resolved with blockchain technology which properties as immutability and openness become a perfect fit for trustless gambling.</p><p><a href="https://daobet.org/">DAOBet</a> is a game changer for iGaming industry and one of the best existing production ready solutions on the market. It is a blockchain infrastructure for online gambling that is based on a EOS codebase with some <a href="https://daobet.org/blog/why-did-we-choose-eos/">notable improvements</a>, developing especially for online gaming industry.</p><p>It uses Proof-Of-Stake to secure the network and allows lower latency and higher throughput with a registered peak of 12 000 transactions in one second. Every user may also own a share of the network earning rewards by staking BET tokens.</p><h1 id="current-state-of-the-project"><strong>Current state of the project</strong></h1><p>DAOBet includes necessary features to provide solid user experience eliminating the need to trust a centralized game provider.</p><ul><li>Fast transaction speed at low cost</li><li>Network decentralization provided by 100 independent validators</li><li>Deterministic finality, approved transaction cannot be reverted</li><li>True fairness proven by <a href="https://daobet.org/blog/dao-casino-awarded-certificate-of-integrity-by-gli-for-signidice-rng/">certified random number generator</a></li><li>WebAssembly virtual machine compatible with EOS</li></ul><p>The <a href="https://daovalidator.com/">Game Of Stake</a> incentivized testnet is in full swing right now and will last due October 10, 2019. It is an important event to test network conditions and prepare for mainnet launch that is planned in the end of Q3, 2019.</p><p>We are glad to be a DAOBet validator and share the vision of fair and comfortable gaming experience without the need to rely on a centralized entity.</p><hr><p><em><em>If you have any questions feel free to contact our team. We are always open for communication.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator"> https://t.me/p2pvalidator</a></p>