P2P Partners With Advanced Blockchain AG To Manage Institutional Polkadot Staking

<h2 id="tldr">TLDR</h2><p>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. </p><h2 id="what-happened">What happened?</h2><p>An oversight in an upgrade process led to the indexer-agent version being out of date.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. </p><h2 id="what-went-wrong">What went wrong?</h2><p>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.</p><p>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.</p><h2 id="what-went-well">What went well?</h2><p>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>. </p><h2 id="impact-on-clients">Impact on clients</h2><p>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. </p><h2 id="lessons-learned">Lessons learned</h2><p>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. </p><p>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.</p><p>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.</p>

<p>In this step-by-step guide, we'll walk you through how you can stake your Solana (SOL) using Solflare Wallet and Ledger Nano S/X. </p><p>To stake on the <a href="https://p2p.org/solana?ref=p2p.org">Solana Network</a>, you'll need to follow these simple steps:</p><ul><li>Install the Solana App on Ledger.</li><li>Connect your Ledger to Solflare wallet</li><li>Transfer SOL to your wallet (if you have not already done so)</li><li>Stake your SOL.</li></ul><h3 id="step-1-install-the-solana-app-on-ledger">Step 1. Install the Solana App on Ledger </h3><p>First of all, download the Ledger Live app on your device and connect the Ledger device. In Ledger Live, via Manager, search for <em>Solana</em> in the App catalog. Click on “Install”. </p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/image-3.png" class="kg-image" alt loading="lazy" width="1286" height="620" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/image-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/image-3.png 1000w, https://p2p.org/economy/content/images/2021/08/image-3.png 1286w" sizes="(min-width: 720px) 720px"></figure><blockquote><em>Make sure you always update to the latest version of the Solana application</em></blockquote><h3 id="step-2-connect-your-ledger-to-solflare-wallet">Step 2. Connect your Ledger to Solflare wallet</h3><p>Go to <a href="https://solflare.com/?ref=p2p.org">Solflare.com</a> and click "Access Wallet" button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/12/image.png" class="kg-image" alt loading="lazy" width="2000" height="1401" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/image.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/image.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/12/image.png 1600w, https://p2p.org/economy/content/images/size/w2400/2023/12/image.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Choose "Ledger" tab and click “Continue”.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/image-2.png" class="kg-image" alt loading="lazy" width="1436" height="736" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/image-2.png 1000w, https://p2p.org/economy/content/images/2021/08/image-2.png 1436w" sizes="(min-width: 720px) 720px"></figure><p>Choose the connected Ledger device and click on "Connect". Open the Solana App on your Ledger and connect your device.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/image-4.png" class="kg-image" alt loading="lazy" width="1630" height="708" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/image-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/image-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/08/image-4.png 1600w, https://p2p.org/economy/content/images/2021/08/image-4.png 1630w" sizes="(min-width: 720px) 720px"></figure><p>Select your address in the drop-down section.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/Screenshot-2021-08-23-at-11.29.55.png" class="kg-image" alt loading="lazy" width="1398" height="664" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/Screenshot-2021-08-23-at-11.29.55.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/Screenshot-2021-08-23-at-11.29.55.png 1000w, https://p2p.org/economy/content/images/2021/08/Screenshot-2021-08-23-at-11.29.55.png 1398w" sizes="(min-width: 720px) 720px"></figure><p>Create a password that you will use to enter your wallet and to submit transactions. Select "Next step" to proceed.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/Screenshot-2021-08-23-at-11.31.45.png" class="kg-image" alt loading="lazy" width="1400" height="672" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/Screenshot-2021-08-23-at-11.31.45.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/Screenshot-2021-08-23-at-11.31.45.png 1000w, https://p2p.org/economy/content/images/2021/08/Screenshot-2021-08-23-at-11.31.45.png 1400w" sizes="(min-width: 720px) 720px"></figure><p>After successfully completing the steps above, you will find yourself in the main menu of Solflare where you will find information about your wallet account address.  </p><h3 id="step-3-transfer-sol-to-your-account-skip-to-step-4-if-you-already-have-sol-in-your-wallet-">Step 3. Transfer SOL to your Account (skip to step 4 if you already have SOL in your wallet)</h3><p>You are now ready to transfer SOL to your account.  To find your receiving address select "Receive".</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/image-5.png" class="kg-image" alt loading="lazy" width="2000" height="240" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/image-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/image-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/08/image-5.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/08/image-5.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>A pop up window will appear with your Solflare main authority address, and alternatively a QR code. Use this receiving address to send your SOL to your Solflare wallet.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/image-6.png" class="kg-image" alt loading="lazy" width="1172" height="1194" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/image-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/image-6.png 1000w, https://p2p.org/economy/content/images/2021/08/image-6.png 1172w" sizes="(min-width: 720px) 720px"></figure><p>Once you have transferred funds into you main authority wallet, you are now ready to start Staking!</p><h3 id="step-4-stake-your-sol">Step 4. Stake your SOL</h3><p>To start staking, you must first go to the staking section of the wallet by selecting "Staking" on the top of the page or select "Stake Solana" as indicated in the image below.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/image-7.png" class="kg-image" alt loading="lazy" width="2000" height="688" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/image-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/image-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/08/image-7.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/08/image-7.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>You will then have to create a staking account. In the staking page select "Start Staking"</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/image-8.png" class="kg-image" alt loading="lazy" width="1320" height="1408" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/image-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/image-8.png 1000w, https://p2p.org/economy/content/images/2021/08/image-8.png 1320w" sizes="(min-width: 720px) 720px"></figure><p>A pop up window will appear. Input the amount you wish to stake and the validator you wish to stake with. To find <em>P2P Validator</em> type it in the search bar. Select "Stake" to proceed.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/image-12.png" class="kg-image" alt loading="lazy" width="1156" height="1088" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/image-12.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/image-12.png 1000w, https://p2p.org/economy/content/images/2021/08/image-12.png 1156w" sizes="(min-width: 720px) 720px"></figure><blockquote><em><em><em>Leave some SOL in your wallet to pay </em></em>for <em><em>transaction fees. Since they are very low at Solana, leaving ~1 SOL in your wallet in your account should be more than enough.</em></em></em></blockquote><p>You will then be prompted to enter your password one last time for security reasons. You will have to verify and confirm your delegation on your Ledger device. Navigating to “Approve” screen, then confirm by pressing both buttons on the device.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/image-15.png" class="kg-image" alt loading="lazy" width="854" height="1142" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/image-15.png 600w, https://p2p.org/economy/content/images/2021/08/image-15.png 854w" sizes="(min-width: 720px) 720px"></figure><p>Once your delegation transaction has been confirmed, you will see that your stake is activating. For more information on when you will start receiving rewards please refer to our <a href="https://help.p2p.org/en/articles/5245666-solana-sol-warm-up-period?ref=p2p.org">SOL Warm-Up</a> article.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/08/image-16.png" class="kg-image" alt loading="lazy" width="2000" height="604" srcset="https://p2p.org/economy/content/images/size/w600/2021/08/image-16.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/08/image-16.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/08/image-16.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/08/image-16.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>That's it! You are now delegating your SOL to P2P Validator. Note that your SOL are still fully in your custody, but you are delegating them to P2P to help us partake in network activities and you will be rewarded for your contribution! You can find more information about Solana Rewards in the following page: <a href="https://help.p2p.org/en/articles/5242448-solana-sol-staking-rewards-fees?ref=p2p.org">Solana (SOL) Staking Rewards &amp; Fees</a></p><p> <br>Some points worth noting:</p><ul><li><strong>Warm-up period</strong> (time until your stake starts earning rewards): ~2 days.</li><li><strong>Cool-down period</strong> (time for your stake to become liquid after you stopped staking): ~ 2 days.</li><li><strong>The current inflation</strong> rate is 8%</li></ul><hr><p><strong>If you have any questions, feel free to ask in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a></strong></p><hr><h3 id="about-p2p-validator">About P2P Validator</h3><p>P2P Validator is a world-leading non-custodial staking provider securing more than $3 billion from over 10,000 delegators across 25+ high-class networks. We were early investors in Solana and have supported the network from the first block, taking part in all stages of testing and voting.</p><p><br><strong>Web</strong>: <a href="https://p2p.org/?utm_source=blog&utm_campaign=sol_guide">p2p.org</a><br><strong>Stake</strong> <strong>SOL</strong> <strong>with</strong> <strong>us</strong>: <a href="https://p2p.org/solana?utm_source=blog&utm_campaign=sol_guide">p2p.org/solana</a><br><strong>Twitter</strong>: <a href="https://twitter.com/P2Pvalidator?ref=p2p.org">@p2pvalidator</a><br><strong>Telegram</strong>: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a></p>