2019 was a year chock full with meaningful events in staking space. It was marked by the launch of Cosmos Hub, Terra money, IRIS network, Algorand, Kusama network, Kava and many other Proof-Of-Stake based blockchains on mainnet.
There are lots of ongoing activities across various systems, solid projects with high potential for finding market fit launched incentivized testnets. Solana, Oasis Labs and Celo are amongst them.
We joined Chainlink as a node operator to improve decentralization of an oracle network and help solving the lack of real-world data for smart-contracts.
In Tezos, Cosmos Hub and IRIS network we participated in every on-chain governance and there was a great feeling of true collaboration between stakeholders who are really interested in the best possible future for the ecosystem.
In 2019 Cosmos ecosystem grew to over 100 projects and Tezos ecosystem attracted over 1000 developers to facilitate continuous building. The Proof-Of-Stake space is still highly experimental and we are excited to be at the front of the movement to a fair and efficient future.
Since January 1st of 2019, asset value locked in staking increased nine times over and reached $6,5B.
[^Pic. 1]: Data from stakingrewards.com
We are absolutely confident that the Proof-Of-Stake ecosystem will continue to grow. With this in mind, P2P Validator will continue to extend communities of enthusiasts and developers. We will show the best ways of staking and the various opportunities offered by novel business models across the networks we support.
We will also focus on making staking as simple, secure and attractive as possible. For us being a reliable validator is a key business activity. Our focus here is on slashing risk minimization and active participation in governance of various platforms.
Non-custodial staking allows every user to be in control of their assets eliminating risks associated with third parties and represents the safest way of participating in the ecosystem, especially for big investors. Our goal is to simplify interactions with hardware wallets by UI and be competitive in terms of various complementary services. Today, only at p2p.org you can delegate ATOM, KAVA and XTZ with ledger in one place using our simple delegation tool.
As of today, we provide validation services for 15 networks including testnets and plan to support more groundbreaking projects that have competitive advantages and a clear go-to market strategy. The process of making decisions about joining a network is complex as our resources and ability to add sufficient value are limited. As part of this, we are closely watching the development of Dfinity, NuCypher, Telegram Open Network, Polkadot Network, and projects emerging in the Cosmos ecosystem.
We started as a small bakery in Tezos with only $2m value delegated with us, most of it our own funds. Today over $35m is locked in staking through our infrastructure across 15 blockchains and more than 700 delegators use our services trusting our expertise.
We paid out over $700k rewards to our delegators making each transaction transparent and available in our multi-asset dashboard.
For our Tezos delegators we insured all payouts with Baking Bad and have shortened the time before the first payout by 40% eliminating the 5 cycle freeze for rewards. In addition, we achieved stable AAA+ rating on MyTezosBaker with over 100% baking efficiency according to TezosNodes reaching the top 5 Tezos validators by staking balance. We are proud to be such a robust staking partner and we will continue to do our best to remain so and improve further.
Overall, the uptime of our nodes across all networks is 99,98%. This is a good measurement of our availability and the robustness of our setup.
We haven't experienced any downtime or double-sign slashing even in the case of a Google Cloud provider crash as we had set best class monitoring and alert systems working for the convenience of our delegators 24/7.
To contribute to building the community we conducted the first meetup related to Cosmos network in Moscow. We co-organized the First Tezos Moscow meetup supported by Tezos Commons. If you missed it you can watch a recording with English subtitles.
We were one of the winners of Cosmos Game Of Stakes and participated in incentivized testnets of IRIS Network, Terra Money, DAO BET, Cyberway, Kava, Kusama Network since the beginning providing validation services on mainnet since the first day.
Here are some perks and useful components of our services:
We want to thank all the teams around the globe who have worked hard this year to build such outstanding innovative projects bringing a decentralized future one step closer. It's an honor to be a part of such an open-minded community of professional validators and active contributors. We will continue to act positively influencing the ecosystem by increasing decentralization across various networks, educating people around the world and providing reliable staking services accessible to everyone.
P2P Validator team wish everyone amazing holidays and a happy New Year. It was an eventful year but definitely a fundamental one for the further achievements.
What do you think we should improve or implement in 2020? Leave us a comment. If you have any questions we are always at your service.
P2P Validator is a Secure Non-Custodial Staking. Stay tuned for updates and new blog posts.
Web: https://p2p.org
Twitter: @p2pvalidator
Telegram: https://t.me/p2pvalidator
Research & Analytics at p2p.org.
<p>From now, <strong><strong>P2P Staking Dashboard expands tracking for all Tezos bakers.</strong></strong> You can check received and pending rewards, balances and current delegations across any amount of addresses for any baker in one place.</p><p>Try it now at <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org</a></p><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><p>Token holders in the Tezos network are faced with the <strong><strong>problem of tracking received and expected rewards from their baker.</strong></strong> 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 <strong><strong>loses the reward.</strong></strong></p><p>All this is even more difficult if you are baking with several bakers or splitting your assets between different addresses.</p><p><strong><strong>P2P Dashboard gives Tezos users an easy way to track payouts for unlimited addresses for all bakers.</strong></strong> By adding one or more addresses to the panel, you can find information about current delegations, balances, and payments.</p><blockquote><em><em>“ 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!</em></em></blockquote><blockquote><em><em>Paul P. - product manager at p2p.org”</em></em></blockquote><p>To start, <strong><strong>go to</strong></strong> <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org</a> and <strong><strong>click on the Get started</strong></strong> button in the right corner. Connect to the panel by manually entering the address or using your Ledger device.</p><p><strong><strong>Try it now at!</strong></strong></p><hr><p><strong><strong>Web:</strong></strong> <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org</a></p><p><strong><strong>Stake Tezos with us:</strong></strong> <a href="https://p2p.org/tezos?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org/tezos</a></p><p><strong><strong>Twitter:</strong></strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p>
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<p>Our team have updated the delegation tool using the <strong><strong>Ledger</strong></strong> device on the <strong><strong>Cosmos network</strong></strong> so now users can <strong><strong>go through the redelegation process</strong></strong>.</p><blockquote><em><em>P2P.ORG - offers Secure & Non-Custodial Staking. No operations are possible without your confirmation, we will not request or store your private key or initial phrase.</em></em></blockquote><p>The redelegation process allows you to change which validator you are delegating at any time and free of charge.</p><p>Use this function to change your validator if you are no longer satisfied with its services or terms. For example, high commission rates, long downtimes that reduce your rewards, or other factors.</p><p>The whole process of redelegating your ATOM is simple and can be done in a safe way in just a few minutes.</p><p>To <strong><strong>get started</strong></strong> just go to <a href="https://p2p.org/cosmos?utm_source=Cosmos_Redelegate&utm_medium=creds_link&utm_campaign=blog">p2p.org/cosmos</a>, click the <code>Stake with Ledger</code> button and select <code>Redelegate</code></p><h2 id="step-1-plug-in-your-ledger-device-and-open-the-cosmos-app"><strong>Step 1. Plug in your Ledger device and open the Cosmos app</strong></h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-6.png" class="kg-image" alt loading="lazy" width="1989" height="800" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-6.png 1600w, https://p2p.org/economy/content/images/2020/09/1-6.png 1989w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-2-choose-validator-and-then-the-amount-for-redelegation"><strong>Step 2. Choose validator and then the amount for redelegation</strong></h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2.jpg" class="kg-image" alt loading="lazy" width="2000" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2.jpg 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/2.jpg 2400w" sizes="(min-width: 720px) 720px"></figure><p><strong><strong>Note about redelegation:</strong></strong></p><ul><li>You can redelegate a certain amount of ATOMs from one validator to another</li><li>Can only be used if already bonded to a validator</li><li>Redelegation takes effect immediately, there is no waiting period to redelegate</li><li>After a redelegation, no other redelegation can be made from the destination account for the next 3 weeks</li></ul><blockquote><em><em>If you have multiple addresses in your Ledger you can switch accounts by changing the "path" and reconnect.</em></em></blockquote><h2 id="step-3-confirm-the-transaction-on-your-ledger"><strong>Step 3. Confirm the transaction on your Ledger</strong></h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3.jpg" class="kg-image" alt loading="lazy" width="2000" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3.jpg 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/3.jpg 2400w" sizes="(min-width: 720px) 720px"></figure><p>After the successful redelegation, you can check all related information and monitor your rewards using P2P Dashboard.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4.jpg" class="kg-image" alt loading="lazy" width="2000" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4.jpg 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/4.jpg 2400w" sizes="(min-width: 720px) 720px"></figure><hr><p><em><em>If you have any questions feel free to contact us. We are always open for communication.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> is a Secure Non-Custodial Staking. Stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=Cosmos_Redelegate&utm_medium=creds_link_footer&utm_campaign=blog"> https://p2p.org</a></p><p><strong><strong>Stake ATOM with us:</strong></strong> <a href="https://p2p.org/cosmos?utm_source=Cosmos_Redelegate&utm_medium=creds_link_footer&utm_campaign=blog">https://p2p.org/cosmos</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p>
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