P2P.org Blog: Insights, Guides, and News (Page 8)

Cosmos Stargate and the new beginning of Cosmos

We have voted YES to initiate the Stargate upgrade for the Cosmos Hub. We believe in the potential of the Cosmos ecosystem to grow and that<a href="https://stargate.cosmos.network/?ref=p2p.org"> Stargate</a> opens a new page of ecosystem evolution being a huge step towards the original Internet of Blockchains vision.By being an active contributor to the Cosmos ecosystem, P2P has built the dashboard to track delegation history across all the hub versions and claim rewards - a ledger delegation interface to securely stake in three simple steps. We participated in<a href="https://cosmos.network/goz?ref=p2p.org"> Game of Zones</a> to test IBC in action and won the first prize in two phases. Our validator has taken part in a series of<a href="https://github.com/cosmosdevs/stargate?ref=p2p.org#testnet"> testnets</a> since the beginning to prepare.<a href="https://stargate.cosmos.network/?ref=p2p.org">Stargate</a> is the largest upgrade in the Cosmos ecosystem due date. What does it mean for the Cosmos network?<h3 id="road-to-million-blockchains">Road to million blockchains</h3>The current state of the ecosystem can be compared to the cities of a country struggling to communicate without capital and financial centers to connect them with each other. With the enablement of<a href="https://github.com/cosmos/ics/blob/master/papers/2020-05/build/paper.pdf?ref=p2p.org"> Inter-Blockchain Communication</a> (IBC) the value can be seamlessly transferred across the ecosystem unleashing the synergetic effect among application-specific blockchains. Cosmos Hub will become the first intermedium to connect them with each other.The real long term challenge is to attract more builders and projects to the ecosystem to increase the cumulative value flow within the network. Notable improvements in performance and migration to<a href="https://medium.com/tendermint/tendermint-0-34-protocol-buffers-and-you-8c40558939ae?ref=p2p.org"> Protobuf</a> blockchains will implement the upgrade to achieve higher throughput to handle the rising transaction volume. The ability to interoperate will bring composability to the ecosystem, with Protobuf it will be much easier for developers using various programming languages to communicate within the ecosystem and create novel applications.In synergy with tools like<a href="https://github.com/tendermint/starport?ref=p2p.org"> Starport</a> that allow developers to launch blockchains with a few commands and further coordinate the testnets with validators much faster, we can imagine the emergence of novel use cases and accelerated growth in areas like Decentralized Finance (DeFi) and Collectible economies powered by Non-Fungible Tokens (NFT).<h3 id="road-to-stargate-and-ibc">Road to Stargate and IBC</h3>Secure connection between blockchains requires trust in validators maintaining the actual state of the network. The Game-of-Stakes attracted and prepared solid staking providers and in March of 2019 Cosmos Hub was successfully launched on mainnet. There were two major upgrades, for the first year the focus was to battle-test staking, on-chain governance and provide a stable functioning network with a strong set of contributors.Game of Stakes granted validators experience to be flexible to changing network conditions and on the 1st of May 2020 another incentivized competition called<a href="https://cosmos.network/goz?ref=p2p.org"> Game of Zones</a> was launched to collect valuable data and prepare teams for the release of the IBC module. There were more than 150 participants.IBC has been in development since the release of the original Cosmos whitepaper - ongoing work to prepare and release the first version of the <a href="https://github.com/cosmos/ics/blob/master/spec.pdf?ref=p2p.org">IBC specification</a> that outlines the overall design logic and architectural overview.The plan of transition from hub-3 to hub-4 was outlined in the<a href="https://www.mintscan.io/cosmos/proposals/27?ref=p2p.org"> Stargate proposal</a>. It was followed up with a<a href="https://stargate.cosmos.network/?ref=p2p.org"> series of testnets</a> to examine the main features and ensure that the ecosystem participants are prepared for software changes being in line with the upgrade procedure.On December 15th the finalized<a href="https://blog.cosmos.network/announcing-the-ibc-1-0-implementation-release-candidate-29f3245d7848?ref=p2p.org"> version 1.0 of the IBC candidate</a> was announced. Multiple teams and contributors were involved in the process of improving, testing and finding bugs.And now we have come to the point to finally bring the original vision of interoperability to the Cosmos network.<h3 id="what-to-expect-after-the-stargate-upgrade">What to expect after the Stargate upgrade?</h3>The rollout will happen in two phases as happened with with the launch of the Cosmos Hub on mainnet. During the first phase cross-chain transfers will be disabled to ensure the network is stable. Activation of the token transfer protocol will happen via on-chain governance. A proposal with parameter changes and timelines will be submitted and if passed we can utilize a fully functioning TCP/IP for blockchains in production.With the enablement of the IBC, healthy competition among hubs can drive the development of the whole ecosystem. Novel use cases like liquidity mining over IBC can become a reality. New projects will be able to easily attract validators from the hub and ATOM will play the role of insurance against misbehavior providing strong security guarantees for new projects in the Cosmos network. Another interesting utility is that ATOM might be able to accrue fees in whitelisted tokens.The IBC is still in its early days and adoption will take some time. Cosmos has made huge progress in these two years and P2P is proud to be part of it as a validator and contributor from the very beginning of the journey.<h3 id="about-p2p-validator">About P2P Validator</h3>P2P Validator is a world-leading non-custodial staking provider securing more than $3 billion from over 10,00 delegators across 25+ high-class networks. We are early ATOM investors and Game of Zones winners. P2P has supported Cosmos Hub from the first block taking part in all stages of testing and voting.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a> Stake ATOM with us: <a href="https://p2p.org/cosmos?ref=p2p.org">https://p2p.org/cosmos</a> Twitter: @p2pvalidator Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Marlin How to claim MPOND during Marlin FlowMint stakedrop

This step-by-step guide will help you to claim your MPOND received during FlowMint stakedrop.In order to claim MPOND, you need to follow simple steps below.<ol><li>Connect to Metamask on <a href="http://app.marlin.pro/flowmint?ref=p2p.org">app.marlin.pro/flowmint</a></li></ol><blockquote>Please ensure that you have switched your Network to Matic’s custom RPC in Metamask settings and connected the address that you have set up during registration.</blockquote><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/12/image-16.png" class="kg-image" alt loading="lazy" width="2000" height="1096" srcset="https://p2p.org/economy/content/images/size/w600/2020/12/image-16.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/12/image-16.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/12/image-16.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/12/image-16.png 2400w" sizes="(min-width: 720px) 720px"></figure>2. Press the “Dive In” button and select the network.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/MmVyRPW4n7BM-8fgwwcasI7FrY9pNW0yzP81l7T7ObH5WbghdY9fwKEdUzg6CzzbofLnjrSW5WKO7iiI2Ish0hrdeBM2-Rq_3Vdmr23SvtG71xXiBSXJO4XnLjqK9W20C_Nf954l" class="kg-image" alt loading="lazy"></figure>3. Harvest your MPOND on the page of the selected network.<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/3Hcv8Us30OwPqF96vnsK4EWz4O2fPQuE0Ri50tc1wIhvXsruL4ezlwsYXIUjxskcISKuqZby-JTUNfKSSQvYt5CAB2_6sB5_GFfIo31bL-kwGSfIomiBzIQtOhp0z6xf9fXrnmd1" class="kg-image" alt loading="lazy"></figure>4. Confirm the transaction in Metamask.<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/h3_JuOegAbEnRyq8fcVtOzYO93JP_x2NMvxjsazn2oGt34_yDCQH9QhMLL_C5eY-jkBArNdimltihPygrw5N3UTIulKYdaIVXDBzyf4PnhthpfFwDDUETGduc2sA3LDbcz5Xl7Th" class="kg-image" alt loading="lazy"></figure>Prerequisite: You need to have MATIC tokens on the Matic mainnet, otherwise, the transaction will fail. To transfer the MATIC tokens from the Ethereum mainnet to the Matic mainnet follow this <a href="https://blog.matic.network/deposits-and-withdrawals-on-matic-network-walkthrough-guide/?ref=p2p.org">instruction</a>.<blockquote>If you are having trouble with MATIC transfer or MPOND harvesting do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Paul via [email protected]. We will be happy to help.</blockquote><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/Bz0wGFgvX9y1DbmexmDjLoGY6WYMPmEQnl_nQg6YZk0yaV3yDq8oQmp9nCMOYRZExkg2zSMnAC5gDy9aiFFsG9Fo5ZUqHuFru9kll_b9yGECWnS_hjbtGWjM1Gla0n1o_H0tS7jV" class="kg-image" alt loading="lazy"></figure>After a successful transaction, refresh the FlowMint page and you will see the MPOND on your balance.<h3 id="about-p2p-validator">About P2P Validator</h3>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 are constantly working on improvements to bring our customers the best proposals. All delegators staking DOT, ATOM, IRIS with P2P Validator have the opportunity to participate in the Marlin network and acquire Marlin tokens.Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=marlin_stakedrop_claim"> p2p.org</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/P2Pstaking?ref=p2p.org"> https://t.me/p2pvalidator</a>

Pavel Pavlov

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

Marlin, Cosmos, Polkadot Stake with P2P and earn POND with the FlowMint Stakedrop

The Marlin network has announced the launch of FlowMint Stakedrop - a distribution method for the networks native POND tokens amongst delegators staking DOT, ATOM, NEAR and IRIS. All delegators staking these tokens with P2P Validator will be able to participate in the Marlin FlowMint Stakedrop to earn extra POND tokens.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/12/02--1-.png" class="kg-image" alt loading="lazy" width="1280" height="720" srcset="https://p2p.org/economy/content/images/size/w600/2020/12/02--1-.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/12/02--1-.png 1000w, https://p2p.org/economy/content/images/2020/12/02--1-.png 1280w" sizes="(min-width: 720px) 720px"></figure>It is expected that 20% of Marlin's POND tokens will be distributed daily pro-rata amongst participants who are currently staking their digital assets.<h3 id="the-marlin-network">The Marlin Network</h3>Marlin is a layer-0 protocol focused on network-layer performance, security and robustness. It speeds up block propagation of existing blockchains to enable higher throughput. Marlin nodes compete with one another to transmit blocks from producers to receivers of various blockchains. The Marlin protocol bridges the gap between the performance and scale achieved by web2 and the security and decentralization demanded by web3.Marlin Protocol has reeled in a $3 million seed round from Binance Labs, Arrington XRP, Electric Capital, NGC and other investors.<h3 id="how-to-get-pond-tokens">How To Get POND Tokens</h3>To receive the tokens, P2P delegators will have to link their staking address in Polkadot, Cosmos, Near Protocol, Irisnet, and the ETH address where the POND tokens will be transferred after confirmation of operations.Detailed instructions can be found below:<ul><li><a href="https://www.marlin.pro/blog/participating-in-marlin-flowmint-as-a-polkadot-delegator-and-validator/?ref=p2p.org">Participating in Marlin FlowMint as a Polkadot delegator</a></li><li><a href="https://www.marlin.pro/blog/participating-in-marlin-flowmint-as-a-cosmos-delegator-and-validator/?ref=p2p.org">Participating in Marlin FlowMint as a Cosmos delegator</a></li><li><a href="https://www.marlin.pro/blog/participating-in-marlin-flowmint-as-a-near-delegator-and-validator/?ref=p2p.org">Participating in Marlin FlowMint as a Near Protocol delegator</a></li><li><a href="https://www.marlin.pro/blog/participating-in-marlin-flowmint-as-an-irisnet-delegator-and-validator/?ref=p2p.org">Participating in Marlin FlowMint as a Irisnet delegator</a></li></ul>Tokens will be distributed on the Matic sidechain due to the gas-intensiveness of the smart contracts. You'll have to transfer the tokens to Ethereum Mainnet to be able to interact with Marlin contracts.<h3 id="delegator-registration">Delegator Registration</h3>P2P delegators in Polkadot, Cosmos, Near Protocol and Irisnet are getting a unique opportunity to participate in the Marlin network and get POND tokens. Our team has launched Marlin gateway nodes and all of the validator addresses have been added to the whitelists for FlowMint stakedrop.Registration for ATOM, DOT and IRIS stakers will begin on December 15, 2020.Additional information:<ul><li>MPOND needs to be claimed separately for each chain.</li><li>If you delegate two different addresses for the same chain you need to register for stakedrop twice and use two different ETH addresses.</li><li>The same ETH address can be used for bonding in different chains.</li></ul><h3 id="pond-distribution">POND Distribution</h3>Marlin will begin with Polkadot, Cosmos, Irisnet, Near and Matic. That is, 0.027/5% tokens will be dedicated towards eligible delegators of ATOM, DOT, IRIS, MATIC and NEAR distributed daily pro-rata amongst each community based on the size of stake/delegation.Eventually FlowMint will support Tezos and other networks, allocating a portion of genesis tokens to eligible delegators of the given networks to be distributed pro-rata each day based on the size of the stake or delegation. We will inform you about the addition of new networks on our <a href="https://twitter.com/P2Pvalidator?ref=p2p.org">Twitter </a>and <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> channels.<h3 id="about-p2p">About P2P</h3>P2P Validator is a world-leading staking provider with the best industry security practices and proven expertise. The service provides comprehensive due-diligence of digital assets and offers only top-notch staking opportunities. At the time of the latest update, more than 3 billion of USD value is staked with <a href="https://p2p.org/?utm_source=blog&utm_campaign=marlin_stakedrop">P2P Validator</a> by over 10,000 delegators across 25+ networks.We are constantly working on improvements to bring our customers the best proposals. Participating and supporting new blockchains and protocols brings benefits to all our stakers.<hr>Interested in earning POND? Contact p.pavlov@p2p.org for personal assistance.<hr>Web: <a href="https://p2p.org/?utm_source=blog&utm_campaign=marlin_stakedrop">p2p.org</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/p2pvalidator</a>

Pavel Pavlov

from p2p validator

Polkadot Staking Polkadot and Kusama with Ledger

This guide will walk you through the process of creating an account in Polkadot using Ledger hardware wallet and staking using a proxy account. If you have more than 200,000 DOT <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_ledger_guide" title="Get a special offer">contact us</a> to find out about our special staking conditions. <div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">In a recent Polkadot update controllers’ accounts were depreciated in favour of proxy accounts. From now on it’s impossible to attach a controller account to a stash. The only remaining option is to directly connect a proxy account to the stash account, with the proxy granted limited rights.</div></div>To continue with Kusama switch the network and follow the same steps as for Polkadot.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/11/switch-2.PNG" class="kg-image" alt loading="lazy" width="1920" height="867" srcset="https://p2p.org/economy/content/images/size/w600/2020/11/switch-2.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/11/switch-2.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2020/11/switch-2.PNG 1600w, https://p2p.org/economy/content/images/2020/11/switch-2.PNG 1920w" sizes="(min-width: 720px) 720px"></figure>Table of contents I. <a href="#create-polkadot-account-with-your-ledger">Create Polkadot account with your Ledger</a> II. <a href="#bond-the-amount-of-dot-you-wish-to-stake">Bond the amount of DOT you wish to stake</a> III. <a href="#nominate-validators">Nominate validators</a> <h3 id="create-a-polkadot-account-with-your-ledger">Create a Polkadot account with your Ledger</h3>Download <a href="https://www.ledger.com/ledger-live/download/?ref=p2p.org">Ledger Live</a> on your device and connect your hardware wallet. Make sure that Ledger firmware is up to date. Install the Polkadot/Kusama application.<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/y5-RjvLZp7Ka9cpLZgpzYWEA2UyyELASDYqnSX9xCaiximIeqfNi9qe7oIrycLqc4N_9xcApzSLJJesT7PveasSN7_85-pWocmgA1Ne8wQTUXoCL8lAl5tNY_Ixik3GQT0YETVI2" class="kg-image" alt loading="lazy"></figure><ol><li>Go to <a href="https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc.polkadot.io&ref=p2p.org#/settings">PolkadotJS UI</a> using Chrome and navigate to the Settings tab. In the dropdown menu related to hardware connections select Attach Ledger via WebUSB and press Save.</li></ol><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/wMpvsexAYA8YDwB5xvt7cnKmMeuskWRcQLFdkwXqxVipjZHR8B7G64AAQsmv_cz1AYmEbr7WXd53ziAHgp0jvPvL0wlQJssWaLXV9qA_5y1BRWz96T6LiG5c8bRpGxFLSAa3ljv7" class="kg-image" alt loading="lazy"></figure>2. Go to the Accounts tab and press Add Ledger button to create an account<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/G_VJSqbDxNdUJGnvgV1F5-D1qrlEfN8o7XfgxQ6B1VG-B3vmJpWpByGEbVDsGPsb8Ps3G-mCDzYgkwyC2NaTGln33I9fQZ_c6pXZAO-sBMPovKcewsgJN_hHQntKeEnIXPDoILRg" class="kg-image" alt loading="lazy"></figure>3. On your Ledger wallet, navigate to the Polkadot/Kusama app that you downloaded in Step 1 and select it by pressing two buttons on your Ledger. Go back to the screen on your device and click Save.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/L659ZpiW6Awwsr3GmoRsG5m8VZ6C8zTdcnWyQSonlQ4_trJt5qS8qQ4GpvPUMQTpDX7JkHMa5Rw7GY2ijb-gS5HJKHX47vS-iFDBGm65e9YFbYGZhPdkfKtDyWXlB8-l33CvjAJx" class="kg-image" alt loading="lazy"></figure>4. You will be asked to confirm the connection of your Ledger via web interface. Select it in a dialog window and press Connect.<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/IgDYDyvEm6v5Bac0aWSZHWAYa3nGoWrlWoSRv8-zKna3pIv_b637HJgz1nBeKfuxV7EZ0rkJv-HPLOWu2tMdKCwqbzH_A2WomgkGf9ZuKYxgWmttk8Th7BvqHypMnpR53kQi3YyT" class="kg-image" alt loading="lazy"></figure><ol start="5"> <li>The account should appear on the screen. This account will play the role of your stash. If your stake is higher than 200k DOT - <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_ledger_guide" title="Get a special offer">contact us</a> to receive a special offer from P2P. To generate multiple addresses repeat steps 3,4 but every time choose a different address index in the drop-down menu of step 3.</li> </ol> We will continue with a single account but if there are multiple ones the following process should be repeated for each of them.<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/zOgHQZdtDfwmwYfC1i7iGeVgvEJ_sJhP3oKFx7Wm_XgeX23okGrNYzmMK4Jm67G4gduYAOFD1zmJqHvwyW4sqrq1MP7VzdU_Xi500EK3aBAMO7rkeDVjkBamSt2qqluK7dzOMFtO" class="kg-image" alt loading="lazy"></figure>Left-click on the icon to copy the address and send DOT tokens to it.<h3 id="bond-the-amount-of-dot-you-wish-to-stake">Bond the amount of DOT you wish to stake</h3><ol><li>Go to Network -> Staking and navigate to Account Actions by pressing the tab.</li></ol><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/s5zgusv6II9zV9uYwRs_XXChVpkxFyncnWQ9TW2NTrgW20h0cQk4ZExuIi7KPAFYDSAS7kmsWvmWQKBCNHx8NaoDRcn9t7D-48uMIMVl9xbaGN0sAdNvSUGnm1NWIXFOx3cHpQhl" class="kg-image" alt loading="lazy"></figure>2. Bond the amount you wish to stake. Leave at least 2-3 DOT unbonded to cover future transaction fees. In the dropdown menu you can specify the desired way of receiving rewards. There are several options available: Staked (auto compound rewards); Stash (send rewards to the stash account); Controller (send rewards to the controller account); Account (send rewards to any 3rd party account).<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/w1Nng_MmpnpKj3tpEKx2B5_OinchL7uSjJt69asmImIIrT1APTYkusX_S-CtnCLwJKh9HmyXg0Iov4GARnX4ZwNZXesYhIlZAWCbQmmXHX2u10759UzH7uEqFJtNcJn7KnRUHF11" class="kg-image" alt loading="lazy"></figure>We make payouts every day or three so you won’t need to pay a tx fee by yourself.3. Press Sign and Submit, then confirm the transaction on your Ledger device<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/vVURso4mV9O0Dq0j82rfft7FsT6mol--8_SCr4zAbGuPpxiS7FXv9XMpIUGkt7aiEYVpm2Sj-KBWbJlRPgOraokh0XX57DAvyJizmuEi0fQEnXYGDNZFGniz7kKnFfM4TCkB1FIh" class="kg-image" alt loading="lazy"></figure>If the hardware wallet becomes disconnected, re-enter the Polkadot application and continue making actions on the PolkadotJS screen. You will be asked to connect Ledger via web interface as in step 5, after that continue with the step where the connection was lost.4. After successful bonding your stash appears in the Account Actions tab. We recommend assigning a proxy account. It is a separate account that you should fund with 2-3 DOT and connect with your primary one to perform staking related operations on behalf of your stash, like triggering payout or nominating a validator. A staking proxy has no access to the funds on the stash account.<h3 id="nominate-validators">Nominate validators</h3><ol><li>Press Nominate button</li></ol><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/cgkEcRpMBOxmnhmqOMUQ8vEjSJFzpixp3hKjZZKuH8cO49tdW92pYgHzqWXP-b_HM20jnXlnh7iyKJvjbD3jzucmQ_DlBb9XCYFA6WnBoUIG78TzII93Nja93ZQPVjGti8TfFPkC" class="kg-image" alt loading="lazy"></figure>2. In the opened window select up to 16 validators you wish to stake with. If you would like to nominate P2P go to <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a> and select validators from there. We update the list on a regular basis.<figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/fS5UnK-NZvAPCLEbSlIqcm4B7w-4Q9FD2XO6C68e8wMQw0HE9mkbMJSNSucCjeg_hadaXhOyZaqeLrng68frTAZjgs8pOK3juLy3oeTcd6-JUouv9CVOF5aFkujqgLt3ZbfH_SWA" class="kg-image" alt loading="lazy"></figure>3. Chosen validators will appear in the right column. Press Nominate.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/OQk6oaLdyU7oMzLRNUMcIyDEwWaOa3Kls269kUHf2ZZQgNCSDplnPWnxeLhqwaIWZecWU3msVQdZECm8vEuh-OcVViPbZSm_t8iX9HnCoQCEJ6SQikEpapb6VRql7NGgXJiVK3oa" class="kg-image" alt loading="lazy"></figure>4. You may perform staking actions from both stash and proxy accounts. We recommend to use your proxy account for staking actions.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/11/Sign---submit-ser.PNG" class="kg-image" alt loading="lazy" width="1920" height="865" srcset="https://p2p.org/economy/content/images/size/w600/2020/11/Sign---submit-ser.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/11/Sign---submit-ser.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2020/11/Sign---submit-ser.PNG 1600w, https://p2p.org/economy/content/images/2020/11/Sign---submit-ser.PNG 1920w" sizes="(min-width: 720px) 720px"></figure>5. In the top right corner you should see that transaction is confirmed. Your screen should be updated and current nominations should appear in the Account Actions tab. From here you will be able to manage your staking in future.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/6W7zmuhtnP062W3Nvm2xdv-snh07v580ogpm-s5j1vOVJE6TF-W5LEojRqld7NFtjQA6SSVhTzf54alOPEFGNRjPhHJioEvvQUkJxdmgh8rnUuXKAFPyVEm7pmVx-apyCvlwR71y" class="kg-image" alt loading="lazy"></figure>Staking will begin from the next era or two (24 - 48 hours). You will be able to track nominations from Staking -> Account Actions. At least one nomination should become active thus your stake is working in full and generating rewards.<h3 id="ledger-guides">Ledger guides</h3><ol><li><a href="https://support.ledger.com/hc/en-us/articles/360018131260?docs=true&ref=p2p.org">Ledger’s guide on staking Polkadot (DOT) thought Ledger Live</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7402653416477-How-to-use-the-Polkadot-Staking-Dashboard?docs=true&ref=p2p.org">Ledger’s guide on using Polkadot Staking dashboard</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/4403056215825-Set-up-and-use-polkadot-js-to-access-your-Ledger-Polkadot-DOT-accounts?docs=true&ref=p2p.org">Ledger’s guide on set up and use polkadot js to access your ledger Polkadot (DOT) accounts</a> and <a href="https://support.ledger.com/hc/en-us/articles/4416512532625-Set-up-and-use-polkadot-js-to-access-your-Ledger-Kusama-KSM-account?docs=true&ref=p2p.org">guide Kusama (KSM) accounts</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7533743296797-How-to-join-a-Polkadot-nomination-pool?docs=true&ref=p2p.org">Ledger’s guide on how to join a polkadot nomination pool</a></li></ol><h1 id="about-p2p-validator">About P2P Validator</h1><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/nominators across 25+ high-class networks. We have been presented in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram </a>chat or contact Alex via [email protected]. We are always open to communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_nominate"> https://p2p.org</a> Stake DOT with us:<a href="https://p2p.org/polkadot?ref=p2p.org"> https://p2p.org/polkadot</a> Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a> Telegram:<a href="https://t.me/P2Pstaking?ref=p2p.org"> https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

NuCypher NuCypher Brief Overview

NuCypher is a decentralized secret management network where a group of nodes (workers) perform proxy re-encryption to manage permissions on encrypted data instead of a centralized server. It allows safe data exchange without ability for proxies to learn the plain text info. Correctness of worker behavior is guaranteed by staking and cryptographic proofs. Additional token emission incentivizes node operators to maintain high availability infrastructure and in the case of network rules violation a portion of their holdings will be slashed.<h3 id="current-state-and-market-potential">Current state and market potential</h3>NuCypher mainnet successfully launched on 15th October 2020 allowing token holders to stake their NU.Privacy of sensitive data is a vexed problem and services provided by NuCypher project are attractive and valuable not only in crypto space. The highest growth of<a href="https://www.statista.com/statistics/798564/number-of-us-residents-affected-by-data-breaches/?ref=p2p.org"> data breaches in USA</a> was in the healthcare sector demonstrating 80% increase from 2017 to 2019 including the transmission of confidential data without proper encryption.Enterprises also are seeking ways to avoid data leaks and securely manage and share sensitive data.<a href="https://www.marketresearchfuture.com/reports/key-management-service-market-8188?ref=p2p.org"> The Global Key Management as a Service Market</a> market size is expected to grow from $363 million in 2018 to $1,28 billion by 2023 and is estimated to reach $2,29 billion by 2025 during the period 2019–2025.<h3 id="token-allocation">Token allocation</h3>NuCypher raised $750k in 2016 ; $4.3 million in 2017 and $10,7 million in 2018. The overall token allocation showed in a diagram below.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/10/image-2.png" class="kg-image" alt loading="lazy" width="1600" height="897" srcset="https://p2p.org/economy/content/images/size/w600/2020/10/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/10/image-2.png 1000w, https://p2p.org/economy/content/images/2020/10/image-2.png 1600w" sizes="(min-width: 720px) 720px"></figure><h3 id="staking-economics">Staking economics</h3>In order to participate in the network as a worker and perform re-encryption, node operators have to lock NU tokens. At the start rewards from providing re-encryptions might be low so until the project gets traction, node operators will be incentivized mostly by emission of new tokens. Holders can delegate their funds and earn a share of rewards in proportion to their stake.Compensation is higher when tokens are locked for a longer period. To get maximum compensation stakers have to lock their funds for at least a year to be allowed to accept policies with longer terms. Shorter commitment will result in lower rewards for participants and they will not be allowed to provide re-encryption if the length of a particular policy is higher than chosen lock-up period. Staking since the beginning of mainnet with compounding of rewards also will result in higher returns. The whole stake can be split into sub-stakes where each will have its own lock-up period.In existing representation only one staker can delegate to a worker in near future, staker can be a smart contract that accepts delegations from various addresses. We believe in future adoption of NuCypher and will provide the long term staking maximizing staking rewards.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/10/table-14.png" class="kg-image" alt loading="lazy" width="1368" height="668" srcset="https://p2p.org/economy/content/images/size/w600/2020/10/table-14.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/10/table-14.png 1000w, https://p2p.org/economy/content/images/2020/10/table-14.png 1368w" sizes="(min-width: 720px) 720px"></figure><h3 id="native-token">Native token</h3>NuCypher token NU is ERC20 token the main purpose of which is to act as a staking token in the network with limited liquidity and low volatility. Amount of provided re-encryptions will be proportional to stake which is guaranteed to be locked at the end time of the policy. Node operators with higher stake presuming higher loss in case of bad behavior and ability to accept policies with longer terms.NuCypher based on Ethereum blockchain means that users should have ETH on the worker node’s address to pay tx fees. Workers also share service fees paid by end users in ETH for providing re-encryptions.Over 350 000 ETH were locked in the smart contract by participants to take part in<a href="https://blog.nucypher.com/the-worklock/?ref=p2p.org"> WorkLock token distribution model</a> proposed by NuCypher team.<h3 id="slashing-risks">Slashing risks</h3>There are two potential slashing conditions:<ul><li>Providing incorrect responses</li><li>Continuous downtime</li></ul>At network genesis, the protocol will be able to detect and attribute instances of incorrect re-encryptions. If there are many sub-stakes and misbehavior occurs, unlocked tokens which do not participate in staking will be slashed in the first place and then ascending sub-stakes with lower lock-ups.A false re-encryption is not like a double-sign. Correctness of a re-encryption can be proved via a zero-knowledge proof. If users receive incorrect re-encryption, they can provide this proof to the network, which will result in the node getting slashed. For each violation, 2×10−18 NU tokens will be deleted from the offender’s stake. In the future, slashing parameters can be changed by the Decentralized Autonomous Organization (DAO) that is managed by NU stakeholders who operate nodes. It makes NuCypher a community driven project from the very beginning.At network launch slashing for worker unavailability is turned off until it will be enabled by the DAO if needed. Stakers will not receive inflation rewards for any period the node is offline. A worker that doesn't timely apply updates and constantly experiencing downtime will also miss rewards.<h3 id="about-p2p-validator">About P2P Validator</h3><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. Our team has close connections with NuCypher and we have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in NuCypher project in 2017 and intends to support the network in the long term.<h3 id="useful-nucypher-resources">Useful NuCypher resources</h3><ul><li>Website:<a href="https://www.nucypher.com/?ref=p2p.org"> https://www.nucypher.com/</a></li><li>Github:<a href="https://github.com/nucypher/?ref=p2p.org"> https://github.com/nucypher/</a></li><li>Docs:<a href="https://docs.nucypher.com/en/latest/?ref=p2p.org"> https://docs.nucypher.com/en/latest/</a></li><li>Whitepaper Technical:<a href="https://github.com/nucypher/whitepaper/blob/master/whitepaper.pdf?ref=p2p.org"> https://github.com/nucypher/whitepaper/blob/master/whitepaper.pdf</a></li><li>Blog:<a href="https://blog.nucypher.com/?ref=p2p.org"> https://blog.nucypher.com/</a></li></ul><hr>Want to stake NU with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.<hr><ul><li>Stake NU with us: <a href="https://p2p.org/nucypher?ref=p2p.org">https://p2p.org/nucypher</a></li><li>Web:<a href="https://p2p.org/?ref=p2p.org"> 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/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a></li></ul>

Alex Bondar

from p2p validator

Oasis Oasis - Network Overview

Oasis protocol is a decentralized privacy-preserving platform for cloud computing that allows safe data sharing and ownership enabling computationally complex applications. Oasis provides confidentiality at every layer of the protocol. The network is secured by proof-of-stake where the rectitude of validators responsible for consensus and nodes providing computations is provided by slashing in case of misbehavior. At the outset, validators are incentivized by gradually decreasing emission schedule and transaction fees.<h3 id="current-state-and-market-potential">Current state and market potential</h3>Oasis team plans to launch Mainnet Beta (fully featured network with disabled transfers) soon after Mainnet Dry Run that is launched to ensure that the network is healthy.<a href="https://www.gartner.com/en/newsroom/press-releases/2019-04-02-gartner-forecasts-worldwide-public-cloud-revenue-to-g?ref=p2p.org">Gartner projects</a> the market size and growth of the cloud services industry at nearly three time the growth of overall IT services by 2022. According to IDC forecast worldwide spending on public cloud services and infrastructure is set to double growing from $229 billion in 2019 to almost $500 billion by 2023.At the same time more data is stored in the clouds posing higher security and privacy risks which are the most concerning for data owners. The danger of cloud breach <a href="https://leftronic.com/cloud-computing-statistics/?ref=p2p.org">has increased by 18.4% since 2016 while 60% of companies</a> use cloud technology to store confidential data.Oasis team addressed privacy issues by implementing<a href="https://docsend.com/view/3aznduk?ref=p2p.org"> Ekiden</a> that allows nodes to perform computations off-chain in a trusted execution environment without access to the data itself.<h3 id="token-allocation-and-purpose">Token allocation and purpose</h3>Oasis Labs raised $45 million. The overall token allocation presented in the graph below. Total supply is capped at 10 billion ROSE. For staking rewards foundation allocated ~2 billion ROSE.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/token-dist-oasis-pie.png" class="kg-image" alt loading="lazy" width="695" height="371" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/token-dist-oasis-pie.png 600w, https://p2p.org/economy/content/images/2020/09/token-dist-oasis-pie.png 695w"></figure>Oasis native token is a staking unit with limited liquidity and low volatility serving the purpose of securing the network and incentivizing nodes to follow the protocol rules. Transaction fees are also denominated in ROSE as well as a payment for provided computations after this feature will be enabled.There will be no public sale due to regulation risks. To acquire tokens you should wait for official announcements from the Oasis team and listing on exchanges.<h3 id="staking-economics">Staking economics</h3>Oasis currently uses Tendermint consensus. Nodes performing confidential computations utilize TEEs to execute smart contracts and do not have access to the data itself while validators finalize transactions and update the state of the blockchain. Oasis network will launch with a focus on the consensus layer of the protocol. To begin with, rewards from staking will be ~15% and then decrease to 12% in six month. Holders can delegate their funds increasing overall security of the network and earn a share of rewards in proportion to their stake. There is a minimum required delegation of 100 tokens. Staking since the beginning of mainnet will result in higher returns for delegators.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/table-8-1--1.png" class="kg-image" alt loading="lazy" width="1368" height="620" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/table-8-1--1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/table-8-1--1.png 1000w, https://p2p.org/economy/content/images/2020/09/table-8-1--1.png 1368w" sizes="(min-width: 720px) 720px"></figure><h3 id="slashing-risks">Slashing risks</h3>At the time of mainnet launch, the protocol will slash only for double-signing. At the start the minimum amount of 100 tokens will be slashed and node functioning stopped in order to prevent the node from being over-penalized and resulting in losing delegations. Validators will have to change operating address and attract delegations to participate in consensus. There is no slash for liveness or uptime at launch, but a node would need to sign at least 75% of blocks in the epoch to receive corresponding rewards.<h3 id="about-p2p-validator">About P2P Validator</h3><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion trusted by over 10,000 delegators across 25+ high-class networks. Our team has close connections with Oasis team and we have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in Oasis project and intends to support the network in the long term.<h3 id="useful-oasis-resources">Useful Oasis resources</h3>Website:<a href="https://www.oasislabs.com/?ref=p2p.org"> https://www.oasislabs.com/</a>Github:<a href="https://github.com/oasislabs?ref=p2p.org"> https://github.com/oasislabs</a>Whitepaper:<a href="https://docsend.com/view/grdq39h?ref=p2p.org"> https://docsend.com/view/grdq39h</a>Non-tech paper:<a href="https://docsend.com/view/5uuhcj3?ref=p2p.org"> https://docsend.com/view/5uuhcj3</a>Blog:<a href="https://www.oasislabs.com/blog?ref=p2p.org"> https://www.oasislabs.com/blog</a><hr>Want to stake Oasis with us? Paul will be happy to help. Contact p.pavlov@p2p.org to get personal assistance.<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>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

Avalanche How to delegate your AVAX using Avalanche wallet

Avalabs has just launched its main network so AVAX holders can now participate in staking and earn rewards.<blockquote>Please keep in mind that the data in the screenshots are taken from the test network.</blockquote><h2 id="what-do-i-need-to-do-to-start-delegating-my-avax">What do I need to do to start delegating my AVAX?</h2>At the time of writing the only known wallet that will support AVAX delegation immediately after Everest starts is the official Avalanche wallet. If you participated in the public sale of Avalanche tokens, you might already have a wallet and certain amount of AVAX (that also could be delegated despite it's locked up) if not, you need to create the wallet first.<h2 id="create-your-avalanche-wallet">Create your Avalanche wallet</h2><ol><li>Go to the <a href="https://wallet.avax.network/?ref=p2p.org">https://wallet.avax.network/</a></li><li>Choose the <code>Create new wallet</code> option.</li><li>Generate a 24 word key phrase for your wallet. Please be very careful since this phrase is the only way to keep control of your AVAX.</li><li>Once the wallet is ready you can deposit AVAX to start delegation.</li></ol>We recommend using the keystore file which is an encrypted version of a private key protected by your password, since it’s secure and convenient to use.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-17.png" class="kg-image" alt loading="lazy" width="2000" height="833" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-17.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-17.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-17.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/1-17.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="delegate-your-avax-to-a-validator">Delegate your AVAX to a validator</h2>1. Open your wallet using the key phrase or keystore file.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-21.png" class="kg-image" alt loading="lazy" width="1654" height="630" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-21.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-21.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-21.png 1600w, https://p2p.org/economy/content/images/2020/09/2-21.png 1654w" sizes="(min-width: 720px) 720px"></figure>2. Check whether you are connected to the main network called "Manhattan".<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/Screen-Shot-2020-09-22-at-10.36.48.png" class="kg-image" alt loading="lazy" width="544" height="298"></figure>3. Check the balance. You will find the amount of available funds in the asset list on the <code>Portfolio</code> tab.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-13.png" class="kg-image" alt loading="lazy" width="2000" height="643" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-13.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-13.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-13.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/4-13.png 2400w" sizes="(min-width: 720px) 720px"></figure>4. Go to the <code>Earn</code> tab and use <code>Cross Chain Transfer</code> to send the necessary amount of AVAX to the Platform chain (P-Chain) to make the delegation possible. Please keep in mind that the minimum amount for delegation is 25 AVAX.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-7.png" class="kg-image" alt loading="lazy" width="2000" height="846" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-7.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/5-7.png 2400w" sizes="(min-width: 720px) 720px"></figure>5. Once you see the correct amount of AVAX under the P-Chain, you can proceed with the delegation by clicking the <code>Add Delegator</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-4.png" class="kg-image" alt loading="lazy" width="2000" height="855" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6-4.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/6-4.png 2400w" sizes="(min-width: 720px) 720px"></figure>6. Now you have to choose a pool to delegate with. To stake with P2P just copy the Node ID and paste it in the search field. Node ID: <code>NodeID-7CCynVtyQVRBTCjzpfrsrSuaCTjXw7o3G</code> Delegation Fee: 8% End time: Sun, Dec 20, 2020 Saturation point: 3M AVAX Where saturation point is the total amount of stake that the node can accept.7. Click the <code>Select</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/71.png" class="kg-image" alt loading="lazy" width="2000" height="643" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/71.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/71.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/71.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/71.png 2400w" sizes="(min-width: 720px) 720px"></figure>8. On the next page, specify the staking period, staking amount and rewards address. You will see the possible rewards by changing the amount and/or period.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8-6.png" class="kg-image" alt loading="lazy" width="2000" height="780" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/8-6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/8-6.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/8-6.png 2400w" sizes="(min-width: 720px) 720px"></figure>9. Click <code>Confirm</code> and check the stake parameters again.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9-7.png" class="kg-image" alt loading="lazy" width="2000" height="597" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/9-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/9-7.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/9-7.png 2400w" sizes="(min-width: 720px) 720px"></figure>10. Finally, click the <code>Submit</code> button. You will get a success message.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/10-5.png" class="kg-image" alt loading="lazy" width="2000" height="951" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/10-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/10-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/10-5.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/10-5.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="how-to-track-the-delegated-stake">How to track the delegated stake?</h2>There is a "Estimated Rewards" tab in the Avalanche web wallet that shows your delegation history. <figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/image-2.png" class="kg-image" alt loading="lazy" width="2000" height="941" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/image-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/image-2.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/image-2.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="why-p2p">Why P2P?</h2><ul><li><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise.</li><li>We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.</li><li>We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.</li><li>Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.</li></ul><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Slava via [email protected]. We are always open for communication.<hr>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>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Admin

from p2p validator

Solana, Serum P2P Validator Joins Serum Project as a Node Operator

This year has been marked by the surge of decentralized finance (DeFi) and rise of a value locked through Uniswap - an automated market maker. Despite this, notable limitations like slow transaction processing, a spike in gas prices and the absence of trustless cross-chain swaps still exist, aggravating user experience.Serum is going to eliminate these limitations of DeFi space. It is a trustless decentralized exchange by design built on top of Solana blockchain implying low latency and high transaction speed. Serum has cross-chain support and does not rely on centralized price feeds. It is fully interoperable with Ethereum ecosystem and provides the same trading experience that users get on centralized platforms by being the first high-throughput exchange that has a fully on-chain orderbook and matching engine.Due to impressive performance qualities Serum can become a foundational block for DeFi.With that in mind, P2P Validator is thrilled to announce the launch of Serum node with the mission of fostering DeFi growth and supporting censorship-resistance of value exchange.Our team has extensive experience in setting up secure infrastructure. P2P Validator maintains high-availability nodes and provides secure staking services for the most groundbreaking projects in the blockchain space. We are an early Solana investor and active contributor operating a robust validator for mainnet beta. The node infrastructure is under advanced monitoring with 24/7 technical support, backups and alerts.<h3 id="about-serum">About Serum</h3><a href="https://projectserum.com/?ref=p2p.org">Serum</a> is a trustless decentralized exchange that enables seamless cross-chain trading and outstanding user experience. It allows fast order placement and on-chain order matching overcoming existing limitations in the space. It was founded by a group including team members from<a href="https://ftx.com/?ref=p2p.org"> FTX</a> and<a href="https://www.alameda-research.com/?ref=p2p.org"> Alameda Research</a> supported by advisors from Compound, BitMax, TomoChain and other notable projects. The list of partners include: Aleph.im, BitMax, FTX, Kyber Network, Leminscap, Multicoin Capital and many other well-established companies.Learn more by visiting the<a href="https://projectserum.com/?ref=p2p.org"> Serum Project website</a>,<a href="https://twitter.com/ProjectSerum?ref=p2p.org"> Twitter</a> or<a href="https://t.me/ProjectSerum?ref=p2p.org"> Telegram</a>. If you’re a developer, read a technical<a href="https://docs.google.com/document/d/1isGJES4jzQutI0GtQGuqtrBUqeHxl_xJNXdtOv4SdII/edit?ref=p2p.org#"> introduction to Serum</a> and join the discussion on<a href="https://discord.com/invite/MxZFT4v?ref=p2p.org"> Discord</a>.<h3 id="about-p2p-validator">About P2P Validator</h3><a href="https://p2p.org/?utm_source=blog&utm_campaign=serum_intro">P2P Validator</a> 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 Solana investors and contributors having a goal to provide the long term support for the ecosystem.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=serum_intro"> https://p2p.org</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Polkadot P2P.ORG received grant for Multi-blockchain ETL for Polkadot and Filecoin

<h4 id="7th-september-2020-p2p-validator-is-delighted-to-announce-their-grant-work-on-connecting-the-polkadot-and-filecoin-ecosystems-by-creating-an-etl-solution-with-unified-api-together-with-web3-foundation-and-protocol-labs-">7th September 2020 - P2P Validator is delighted to announce their grant work on connecting the Polkadot and Filecoin ecosystems by creating an ETL solution with unified API , together with Web3 Foundation and Protocol Labs.</h4>Over the past few years, the world has seen the rise of blockchain interoperability; with the attraction DeFi tools and platforms are getting nowadays, the idea of making the blockchain world more interoperable has become ingrained. The blockchain ecosystem has already attracted thousands of software developers working on different things - applications, wallets, dashboards, explorers - but by inserting interoperability into this equation brings an additional challenge.Imagine a situation where a user moves a chain A asset through bridge B to parachain X to open a Collateralized Debt Position (CDP), then uses received stablecoin to long a synthetic asset from parachain D on a margin trade chain E. Ten years ago this could sound like nonsense - but this is a reality now. To make efficient applications that would allow this behavior - the developers need appropriate tools."Default blockchain node interfaces are usually unsuited for complex or historical data queries. That makes building application on top of blockchains a complicated affair - you need to build your own data layer first. Interchain communication aggravets that problem even more", says Vasiliy Shapovalov, CTO of P2P Validator. "Our goal is to exctract, clean, enrich, transform, and serve the blockchain data in way that will allow users to to merge several application-specific interchain requests in the single one."To begin this journey, we've decided to create an ETL solution for blockchains with a GraphQL API for the collected data. The solution aims to add value and decrease development costs for every company or individual who is working on application development. GraphQL as an API query language has been chosen to unify the data interface to simplify the development process and provide the best quality real-time data for applications.As a validator, we have a unique opportunity to develop such a system:<ul><li>we have developed our dashboards and other tools that require a deep dive into specific blockchain's architecture</li><li>blockchain node management does not add costs to the solution as we already maintain them</li><li>we are familiar with a variety of blockchains</li><li>we are trusted by more than 2000 users staking their assets with us</li></ul>Although our ultimate goal is to provide a high-quality data source for lots of blockchains, we've chosen Polkadot and Filecoin to be the pioneers in this project. We would love to see services that would utilize this solution and supply a justified demand for more blockchains to be added as data sources.“We are excited to work together with Protocol Labs and P2P validator to create an interoperability-first data warehouse across all kinds of different blockchains. This will make it easier to integrate with different blockchains and ultimately help the entire ecosystem ”, says David Hawig, Grants Lead at Web3 Foundation."In collaboration with Web3 Foundation we’re delighted to support P2P Validator as they build an ETL solution to simplify the process of building wallets, dashboards, explorers and apps that interact with multiple blockchains connected through interchain communication protocol", says Eva Shon, Grants Coordinator at Protocol Labs.Stay in touch with us and visit our website and GitHub to know more!<h3 id="about-web3-foundation">About Web3 Foundation</h3><a href="https://web3.foundation/?ref=p2p.org">Web3 Foundation</a> funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland, by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation's flagship project.<h3 id="about-protocol-labs">About Protocol Labs</h3><a href="https://protocol.ai/?ref=p2p.org">Protocol Labs</a> is an open-source research, development, and deployment laboratory. Protocol Labs' projects include IPFS, Filecoin, libp2p, and many more. Protocol Labs aim to make human existence orders of magnitude better through technology.<h3 id="about-p2p-validator">About P2P Validator</h3><a href="https://p2p.org/?utm_source=blog&utm_medium=announcement&utm_campaign=polkadot_grant_announcement">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high-class staking opportunities securing more than 3 billion of USD value. At the time of the lastest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>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>Telegram: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a>

Admin

from p2p validator

Cardano How to delegate your ADA with Ledger Nano S/X

<h1 id="how-to-delegate-your-ada-with-ledger-nano-s-x">How to delegate your ADA with Ledger Nano S/X</h1>This guide will walk you step-by-step through the process of delegation in Cardano using the ledger device.<hr>First of all <a href="https://www.ledger.com/ledger-live?ref=p2p.org">download ledger live app</a> on your device, connect the ledger and <a href="https://support.ledger.com/hc/en-us/articles/360002731113?ref=p2p.org">make sure it is up to date</a> with the actual version of firmware. Install Cardano app and check that the corresponding icon has appeared on the display of your ledger.1. Go to <a href="https://adalite.io/?ref=p2p.org">https://adalite.io/</a> and select hardware wallet as the preferred access method.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/mPTCCKj.png" class="kg-image" alt loading="lazy" width="2000" height="758" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/mPTCCKj.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/mPTCCKj.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/mPTCCKj.png 1600w, https://p2p.org/economy/content/images/2020/09/mPTCCKj.png 2048w" sizes="(min-width: 720px) 720px"></figure>2. Press <code>Unlock with Ledger</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/YaJ8NQZ.png" class="kg-image" alt loading="lazy" width="2000" height="851" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/YaJ8NQZ.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/YaJ8NQZ.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/YaJ8NQZ.png 1600w, https://p2p.org/economy/content/images/2020/09/YaJ8NQZ.png 2274w" sizes="(min-width: 720px) 720px"></figure>3. Select the Cardano icon in your ledger and confirm the export of the address.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2aS4nQW.png" class="kg-image" alt loading="lazy" width="1058" height="1202" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2aS4nQW.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2aS4nQW.png 1000w, https://p2p.org/economy/content/images/2020/09/2aS4nQW.png 1058w" sizes="(min-width: 720px) 720px"></figure>4. Confirm the export of your keys with ledger. You may be asked to repeat the previous step and do it once more.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1kroT4z.png" class="kg-image" alt loading="lazy" width="928" height="1000" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1kroT4z.png 600w, https://p2p.org/economy/content/images/2020/09/1kroT4z.png 928w" sizes="(min-width: 720px) 720px"></figure>5. Approve the export.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1gkdndG.png" class="kg-image" alt loading="lazy" width="1196" height="1124" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1gkdndG.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1gkdndG.png 1000w, https://p2p.org/economy/content/images/2020/09/1gkdndG.png 1196w" sizes="(min-width: 720px) 720px"></figure>6. After successful confirmation the wallet info will be available on your device. If you have ADA on your ledger go to step <code>#6</code>. If not, scroll down to the list of your addresses and send ADA to one of them.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/UWZKjSJ.png" class="kg-image" alt loading="lazy" width="1850" height="880" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/UWZKjSJ.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/UWZKjSJ.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/UWZKjSJ.png 1600w, https://p2p.org/economy/content/images/2020/09/UWZKjSJ.png 1850w" sizes="(min-width: 720px) 720px"></figure>7. Refresh the balance on the staking tab.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5DVCRGt.png" class="kg-image" alt loading="lazy" width="1872" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5DVCRGt.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5DVCRGt.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5DVCRGt.png 1600w, https://p2p.org/economy/content/images/2020/09/5DVCRGt.png 1872w" sizes="(min-width: 720px) 720px"></figure>8. In the Delegate stake field you can put our pool ID. P2P Validator Pool: <code>33c1bf1a04ba85d8fd6119a08ee7f4ad659add075e2208b28862a2a1</code> Wait for the appearance of pool info as on the screen below and press <code>Delegate</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/fCn2ObX.png" class="kg-image" alt loading="lazy" width="1882" height="854" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/fCn2ObX.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/fCn2ObX.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/fCn2ObX.png 1600w, https://p2p.org/economy/content/images/2020/09/fCn2ObX.png 1882w" sizes="(min-width: 720px) 720px"></figure>9. In the confirmation window double check that the pool info is correct. You will need to reserve 2 ADA to create a staking address on top of the transaction fee. You will be able to return the reserve if you cancel staking and won't be using that address any more. This functionality is currently unavailable in ADAlite wallet. Click <code>Confirm</code> Transaction.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/YViqQLW.png" class="kg-image" alt loading="lazy" width="1666" height="1090" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/YViqQLW.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/YViqQLW.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/YViqQLW.png 1600w, https://p2p.org/economy/content/images/2020/09/YViqQLW.png 1666w" sizes="(min-width: 720px) 720px"></figure>10. In the following step you will be asked to confirm registration of a staking key and delegation via ledger. On the ledger screen you will see the slot and epoch when the delegation is made. Press both buttons to continue.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/aQTqESn.png" class="kg-image" alt loading="lazy" width="1200" height="1068" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/aQTqESn.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/aQTqESn.png 1000w, https://p2p.org/economy/content/images/2020/09/aQTqESn.png 1200w" sizes="(min-width: 720px) 720px"></figure>11. Confirm the registration of a staking key.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/ghc5AKi.png" class="kg-image" alt loading="lazy" width="1196" height="1098" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/ghc5AKi.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/ghc5AKi.png 1000w, https://p2p.org/economy/content/images/2020/09/ghc5AKi.png 1196w" sizes="(min-width: 720px) 720px"></figure>12. Confirm the delegation itself. It will become active after two epochs (~10 days). In Cardano there is no slashing so your funds are safe.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/vTe2I2o.png" class="kg-image" alt loading="lazy" width="1194" height="958" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/vTe2I2o.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/vTe2I2o.png 1000w, https://p2p.org/economy/content/images/2020/09/vTe2I2o.png 1194w" sizes="(min-width: 720px) 720px"></figure>Congratulations! After completing all the steps you will see the updated info about your delegation in ADAlite wallet.<hr><h1 id="about-p2p-org">About P2P.org</h1><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.<blockquote>Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.</blockquote><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Slava via [email protected]. We are always open for communication.<hr>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>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Admin

from p2p validator

Cardano When will I start receiving my ADA rewards?

<h1 id="when-will-i-start-receiving-my-ada-rewards">When will I start receiving my ADA rewards?</h1>Many of our community members have been asking around when they could start receiving rewards from delegated stake. And the short answer might be as follows: you will begin receiving staking rewards three entire epochs after the epoch during which you delegated your ADA. But let’s take a closer look at the delegation cycle.<hr><h2 id="delegation-cycle-explanation">Delegation Cycle Explanation</h2>Below you can find a graph showing the delegation cycle on the <a href="https://cardano.org/?ref=p2p.org">Cardano</a> network.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/ApO8ZLR.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/ApO8ZLR.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/ApO8ZLR.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/ApO8ZLR.png 1600w, https://p2p.org/economy/content/images/2020/09/ApO8ZLR.png 1630w" sizes="(min-width: 720px) 720px"></figure>First we need to determine a starting point. For example, <code>P2P</code> stake pool was registered on 11 August 2020. Thus, if you had delegated during the <code>210</code> epoch your stake would have been counted in the snapshot on the <code>210-211</code> epochs boundary.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2.png 1600w, https://p2p.org/economy/content/images/2020/09/2.png 1630w" sizes="(min-width: 720px) 720px"></figure>Once the snapshot is taken, we have to wait for the current epoch to be finished so that the stake becomes active. In our case we are going to wait for the <code>212</code> epoch.During the <code>212</code> epoch the snapshotted stake becomes active and participates in the block minting process according to the Ouroboros consensus engine logic.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3.png 1600w, https://p2p.org/economy/content/images/2020/09/3.png 1630w" sizes="(min-width: 720px) 720px"></figure>In the following <code>213</code> epoch, the rewards will be calculated properly according to the stake size of each delegator.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4.png 1600w, https://p2p.org/economy/content/images/2020/09/4.png 1630w" sizes="(min-width: 720px) 720px"></figure>Finally, you will be rewarded for your patience on the first day of the next epoch. In the <code>P2P</code> case it will be <code>214</code> epoch on August 28.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5.png 1600w, https://p2p.org/economy/content/images/2020/09/5.png 1630w" sizes="(min-width: 720px) 720px"></figure><h2 id="takeaways">Takeaways</h2><ol><li>Cardano is a long term investment so you have to make a decision about delegation/redelegation with caution.</li><li>You can terminate the delegation process at any moment by sending your funds from the staking wallet to a new wallet that wasn’t used for delegation. In this case you will not be rewarded for this epoch.</li><li>Once you make a change, for instance you added new funds to the staking wallet, the added stake will go through the delegation cycle from the very beginning.</li><li>Making change is a simple and safe process as any other normal transaction on the blockchain.</li></ol><hr><h1 id="about-p2p-org">About P2P.org</h1><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.<blockquote>Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.</blockquote><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Slava via [email protected]. We are always open for communication.<hr>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>Telegram: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a>

Admin

from p2p validator

Cardano How to restore your ADA from previous legacy wallets using Daedalus

<h1 id="how-to-restore-your-ada-from-previous-legacy-wallets-using-daedalus">How to restore your ADA from previous legacy wallets using Daedalus</h1>This guide is designed to help you to restore your ADA from legacy Daedalus, Yoroi or Hardware wallets.<blockquote>For those who have the previous Daedalus version wallets installed, there is an import feature which runs automatically and detects installed legacy wallets. Just select the wallets, click the ‘Import selected wallet’ button and follow the instructions.</blockquote><h2 id="create-a-new-daedalus-wallet">Create A New Daedalus Wallet</h2>First of all, you need to create a new Daedalus wallet to load your funds from a legacy one. Ensure that you have the latest version of the wallet or download it from offical <a href="https://daedaluswallet.io/?ref=p2p.org#download">Daedalus wallet</a> page.1. After the sync has reached 100%, go to the dashboard and click the <code>Create</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1.png" class="kg-image" alt loading="lazy" width="1909" height="997" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1.png 1600w, https://p2p.org/economy/content/images/2020/09/1.png 1909w" sizes="(min-width: 720px) 720px"></figure>2. Enter the name and password for the Wallet.3. Create a spending password which will be required every time you do a transaction and click <code>Create Shelley wallet</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-1.png" class="kg-image" alt loading="lazy" width="1909" height="1000" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-1.png 1600w, https://p2p.org/economy/content/images/2020/09/2-1.png 1909w" sizes="(min-width: 720px) 720px"></figure>At the next step, you will be prompted on how to use the 24-word Recovery Phrase. Read it carefully since if you lose your wallet recovery phrase you will not get a chance to take your ADA back.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-1.png" class="kg-image" alt loading="lazy" width="1914" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-1.png 1600w, https://p2p.org/economy/content/images/2020/09/3-1.png 1914w" sizes="(min-width: 720px) 720px"></figure>Next, you have to verify the 24-word Recovery Phrase you have just got from the system.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-1.png" class="kg-image" alt loading="lazy" width="949" height="445" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-1.png 600w, https://p2p.org/economy/content/images/2020/09/4-1.png 949w" sizes="(min-width: 720px) 720px"></figure>Wait for the wallet to be synced and then you can use it for new transactions or for moving your funds from restored legacy wallets.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-1.png" class="kg-image" alt loading="lazy" width="1918" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-1.png 1600w, https://p2p.org/economy/content/images/2020/09/5-1.png 1918w" sizes="(min-width: 720px) 720px"></figure><h2 id="restore-legacy-wallet">Restore Legacy Wallet</h2>1. Click the <code>hamburger</code> icon to open the side-panel and click <code>Add wallet</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6.png" class="kg-image" alt loading="lazy" width="1915" height="1012" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6.png 1600w, https://p2p.org/economy/content/images/2020/09/6.png 1915w" sizes="(min-width: 720px) 720px"></figure>2. Click the <code>Restore</code> button and select the type of the wallet. There are quite a few options you can use to restore the funds:<ul><li>You can restore your ADA from an older version of Daedalus such as Bayron legacy, Shelley legacy or Bayron paper wallets.</li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7.png" class="kg-image" alt loading="lazy" width="945" height="805" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7.png 600w, https://p2p.org/economy/content/images/2020/09/7.png 945w" sizes="(min-width: 720px) 720px"></figure>If you have used Yoroi wallet and now for some reason would like to try Daedalus, you can employ the “Restore Yoroi wallet” feature to move your funds to a newly created Daedalus wallet.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8.png" class="kg-image" alt loading="lazy" width="942" height="754" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8.png 600w, https://p2p.org/economy/content/images/2020/09/8.png 942w" sizes="(min-width: 720px) 720px"></figure>You can also restore your funds from Hardware wallets such as Ledger (Byron legacy wallet) or Trezor (Byron legacy wallet). However, read the recommendations provided by IOHK team carefully to avoid exposing your hardware wallet private keys to security risks.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9.png" class="kg-image" alt loading="lazy" width="943" height="903" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9.png 600w, https://p2p.org/economy/content/images/2020/09/9.png 943w" sizes="(min-width: 720px) 720px"></figure>Overall, the process is the same for each kind of wallet:<ol><li>Go to the main dashboard and click <code>Add wallet</code> → <code>Restore</code>.</li><li>You will be prompted to select a type of legacy wallet. Select the one required and click <code>Continue</code>.</li><li>Enter Recovery phrase, Wallet Name and Password to restore the wallet.</li><li>Wait while your wallet syncs to see the legacy wallet and its balance in the user interface.</li><li>Transfer ADA to newly created Daedalus wallet.</li></ol><blockquote>Please keep in mind there will be a small fee in ADA to make a transfer from Bayron legacy to the new Shelley wallet.</blockquote>Once you have your funds in the newly created Daedalus wallet you can safely delegate them to a stake pool to start earning rewards<h1 id="about-p2p-org">About P2P.org</h1><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.<blockquote>Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.</blockquote><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Slava via [email protected]. We are always open for communication.<hr>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>Telegram: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a>

Admin

from p2p validator

Cardano How to delegate ADA (Cardano) using Daedalus wallet

This guide explains how to start delegating ADA (Cardano) and earning rewards with the official full node Daedalus wallet.<hr><h2 id="install-daedalus">Install Daedalus</h2><ol><li>Go to <a href="https://daedaluswallet.io/?ref=p2p.org#download">Daedalus wallet</a> page and download the latest version of the wallet</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-9.png" class="kg-image" alt loading="lazy" width="1345" height="790" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-9.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-9.png 1000w, https://p2p.org/economy/content/images/2020/09/1-9.png 1345w" sizes="(min-width: 720px) 720px"></figure>2. After the download is completed, unpack and install Daedalus wallet on your system.3. Once the installation is done, launch the Daedalus app and go through simple steps such as: select your language, read and accept the terms and conditions etc.4. Wait for Daedalus to sync. Since the blockchain is over 6GB it could take hours depending on your internet speed.5. After the sync is over, you can proceed with the next steps.<blockquote>There might be issues with connections to the Cardano network, please see <a href="https://iohk.zendesk.com/hc/en-us/articles/360010522913?ref=p2p.org">https://iohk.zendesk.com/hc/en-us/articles/360010522913</a></blockquote><h2 id="create-a-new-daedalus-wallet">Create A New Daedalus Wallet</h2><ol><li> After the sync has reached 100%, go to the dashboard and click the <code>Create</code> button.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-13.png" class="kg-image" alt loading="lazy" width="1909" height="997" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-13.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-13.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-13.png 1600w, https://p2p.org/economy/content/images/2020/09/2-13.png 1909w" sizes="(min-width: 720px) 720px"></figure>2. Enter the name and password for the Wallet.3. Create a spending password which will be required every time you do a transaction and click <code>Create Shelley wallet</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-10.png" class="kg-image" alt loading="lazy" width="1909" height="1000" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-10.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-10.png 1600w, https://p2p.org/economy/content/images/2020/09/3-10.png 1909w" sizes="(min-width: 720px) 720px"></figure>4. At the next step, you will be prompted on how to use the 24-word Recovery Phrase. Read it carefully since if you lose your recovery phrase wallet you will not get a chance to take your ADA back.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-12.png" class="kg-image" alt loading="lazy" width="1914" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-12.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-12.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-12.png 1600w, https://p2p.org/economy/content/images/2020/09/4-12.png 1914w" sizes="(min-width: 720px) 720px"></figure>5. Next, you have to verify the 24-word Recovery Phrase you have just got from the system.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-6.png" class="kg-image" alt loading="lazy" width="949" height="445" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-6.png 600w, https://p2p.org/economy/content/images/2020/09/5-6.png 949w" sizes="(min-width: 720px) 720px"></figure>6. Wait for the wallet is synced and you can use it for new transactions or for moving your funds from restored legacy wallets.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-3.png" class="kg-image" alt loading="lazy" width="1918" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6-3.png 1600w, https://p2p.org/economy/content/images/2020/09/6-3.png 1918w" sizes="(min-width: 720px) 720px"></figure><blockquote>For those who have the previous Daedalus version wallets installed, there is an import feature which runs automatically and detects installed legacy wallets. Just select the wallets, click the <code>Import selected wallet</code> button and follow instructions.</blockquote> Delegate To A Stake Pool<ol><li>Once you have some ADA in the newly created wallet you can delegate them to the stake pool.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7-2.png" class="kg-image" alt loading="lazy" width="1912" height="648" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/7-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/7-2.png 1600w, https://p2p.org/economy/content/images/2020/09/7-2.png 1912w" sizes="(min-width: 720px) 720px"></figure>2. Click on the network icon in the left side panel to open the delegation centre.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8-2.png" class="kg-image" alt loading="lazy" width="1909" height="961" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/8-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/8-2.png 1600w, https://p2p.org/economy/content/images/2020/09/8-2.png 1909w" sizes="(min-width: 720px) 720px"></figure>3. Select the wallet which holds the ADA you wish to delegate to a stake pool and click the <code>Delegate</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9-4.png" class="kg-image" alt loading="lazy" width="952" height="528" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9-4.png 600w, https://p2p.org/economy/content/images/2020/09/9-4.png 952w" sizes="(min-width: 720px) 720px"></figure>4. The dialogue window will appear where you will be prompted with steps you need to go through. Click <code>Continue</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/10-3.png" class="kg-image" alt loading="lazy" width="955" height="583" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/10-3.png 600w, https://p2p.org/economy/content/images/2020/09/10-3.png 955w" sizes="(min-width: 720px) 720px"></figure>5. Choose a wallet with funds you want to delegate and click <code>Continue</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/11-1.png" class="kg-image" alt loading="lazy" width="946" height="823" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/11-1.png 600w, https://p2p.org/economy/content/images/2020/09/11-1.png 946w" sizes="(min-width: 720px) 720px"></figure>6. Search the “P2P” pool ticker if you want to delegate to P2P Validator stake pool, select and click <code>Continue</code><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/12-1.png" class="kg-image" alt loading="lazy" width="943" height="697" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/12-1.png 600w, https://p2p.org/economy/content/images/2020/09/12-1.png 943w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/13-1.png" class="kg-image" alt loading="lazy" width="946" height="619" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/13-1.png 600w, https://p2p.org/economy/content/images/2020/09/13-1.png 946w" sizes="(min-width: 720px) 720px"></figure>7. Enter your spending password, confirm the delegation and enjoy rewards.<blockquote>Please keep in mind that your delegation will be counted two epochs later. Each epoch is exactly five days long. Therefore, you will begin receiving staking rewards after 10 days. You can track rewards under the <code>Rewards</code> tab.</blockquote><h1 id="about-p2p-org">About P2P.org</h1><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.<blockquote>Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.</blockquote><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Slava via [email protected]. We are always open for communication.<hr>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>Telegram: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a>

Admin

from p2p validator

Polkadot Polkadot overview for newcomers

<h1 id="polkadot-overview-for-newcomers">Polkadot overview for newcomers</h1>August 18th, 2020 - Polkadot almost became a fully-operational network by reaching the 4th of five milestones - opening transfers between accounts. The network is expected to finish the rollout plan this autumn by enabling parachain auctions and cross-chain interaction protocol, but, which might be important for newcomers, now you can legally buy and sell DOT tokens. If you are someone who missed the original 2017 and small 2020 sale but still are interested - this article is for you.<h2 id="which-wallets-to-use">Which wallets to use?</h2>We recommend starting exploring Polkadot with official <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot.js browser wallet</a> (you would also need to install <a href="https://github.com/polkadot-js/extension?ref=p2p.org">polkadot.js browser plugin</a>). This is the official wallet supported by Web3 Foundation that provides all possible opportunities for DOT users. If you are not a fan of desktop wallets, you can just walk through all tabs and get a good overview of Polkadot. The full list of supported wallets can be found <a href="https://wiki.polkadot.network/docs/en/build-wallets?ref=p2p.org">here</a>.You will notice that a lot of them are in the development stage, but the following ones are fully functional:<ul><li><a href="https://www.parity.io/signer/?ref=p2p.org">Parity Signer</a></li><li><a href="https://lunie.io/?ref=p2p.org">Lunie</a></li><li><a href="https://polkawallet.io/?ref=p2p.org">Polkawallet</a></li><li><a href="https://token.im/?ref=p2p.org">ImToken</a></li><li><a href="https://www.mathwallet.org/polkadot-wallet/en/?ref=p2p.org">Math wallet</a></li></ul>Please note that the wallets may not provide full functionality (e.g., Democracy, Council voting, Extrinsic, etc.) - but all of them support transfers and staking.<h2 id="where-to-buy-dot">Where to buy DOT?</h2>Generally, we don’t give advice on the exchange as your experience may differ based on the country of your residence or KYC/AML procedures. As you’re reading this page, we believe you are already a crypto person and you don’t need common advice like picking a trusted exchange. But there’s one thing you may not be familiar with:On August 21st, Polkadot will go through the redenomination process. It means the “old” DOT will be equal to 100 “new” DOTs. This was the choice of community - you can read more in the <a href="https://polkadot.network/the-results-are-in/?ref=p2p.org">official post</a>. This change will not be done by changing any core code - from 21st 1 DOT will be equal to 10^10 Plancks (the smallest fraction of DOT), while now it’s 10^12 Plancks. If you buy your DOT now, you will just see 100x more DOT on your balance after 21st.<h2 id="how-to-create-an-account">How to create an account?</h2>Please use <a href="https://p2p.org/economy/create-account-in-polkadot-network">our guide</a>. The whole process will take several minutes.<h2 id="how-to-nominate">How to nominate?</h2>We have a general <a href="https://p2p.org/economy/polkadot-nomination-guide">guide on nominating</a>. Here are some additional tips that you might find helpful:<ul><li>You can nominate from 1 to 16 validators from one account. The validator election mechanism will distribute your stake to validators in an optimal way (generally, for one validator). We recommend to nominate trusted validators as the right selection will provide better yield and protect you from <a href="https://p2p.org/economy/Polkadot-overview-for-newcomers#what-is-slashing-and-how-does-it-work">slashing</a>.</li><li>Your nomination status will update every day (around 1PM CET - when the validator election happens). The meaning of each status: Active - your nomination is working, and one of the validators you’ve chosen is in the active validator set. Everything is OK. Inactive - it is OK to have some inactive nomination while you have at least one active - it means that your nomination is working, but some of the validators you’ve chosen are not in the active set. Waiting - you will see this status if you’ve made a nomination but the elections haven’t happened yet. Don’t worry, just wait for the validator elections to be held. Renomination needed - this signals you that you need an update of your nomination.</li><li>Bonding and unbonding Bonding means you’re locking your funds to work in staking. While funds are locked, you can make nominations, update them, vote, etc. To make your funds liquid you should go through unbonding. Unbonding might be performed when you want to stop nominating and move or sell your DOTs. Please be careful - the unbonding period for Polkadot is 28 days, so basically you won’t be able to transfer or stake your DOTs for almost a month!</li><li>Controller account is a special account that might be linked with your primary account (stash in terms of Polkadot) to perform some actions (e.g., staking). It is good practice to have a controller account connected to your stash and don’t touch the last one without a significant reason. What is more important, you can basically share your controller account with 3rd parties to perform staking while keeping your stash keys with you and your funds will be safe!</li></ul>For those of you who have more than 50000 DOT we have a <a href="https://p2p.org/economy/polkadot-nomination-strategies/#p2p-validator-special-offer">special offer</a>!<h2 id="how-do-rewards-work">How do rewards work?</h2>At the moment, Polkadot provides around 14-15% APR on your stake. The following things might influence your profit:<ul><li>Validator fee. The average validator fee is around 3%.</li><li>Luck. The profit for each validator is proportional to the number of blocks produced during the era. These numbers will be equal in the long run, but for some days you may notice a bit more or a bit less profit than predicted - so basically you should not worry about this.</li><li>Total stake on the node. Polkadot provides staking rewards that are almost equal for every validator. After that, the validator automatically distributes the profit for the nominators after taking a validator fee. So, nominating to the validator that has 2M DOT in nominations will bring you twice as much as nominating the one with 4M DOT in nominations.</li><li>Overall validator performance. In the real world, different validators have different hardware resources, connectivity, etc. - all of these factors may affect nominators’ profitability.</li><li>Slashing penalties. <a href="https://p2p.org/economy/Polkadot-overview-for-newcomers#what-is-slashing-and-how-does-it-work">Please take a note on slashing and how it works in Polkadot</a>.</li></ul>Please use our <a href="https://p2p.org/economy/polkadot-nomination-strategies">article with nomination strategies</a> that are based on the stake you holdOther important points on the rewards:<ul><li>Rewards are distributed each era (24 hours for Polkadot).</li><li>By default, the rewards are not claimed automatically. This can be done either by you or by your nominated validator. P2P Validator is periodically claiming rewards for our nominators, so you should not worry about this if you nominate us.</li></ul><h2 id="what-is-slashing-and-how-does-it-work">What is slashing and how does it work?</h2>Slashing is a penalty mechanism that provides economic incentives for validators to play fair and nominators to choose the right validators. Slashing is triggered when a validator makes a double sign or more than 10% of the network goes offline. This can also happen because of a software bug. In such cases, the slashes are applied after 28 days and can be canceled by democracy voting.As the slashing is applied to both validator and its nominators, you may lose some portion of your stake. To minimize risks to be slashed:<ul><li>Select 16 validators in your nomination.</li><li>Select only the validators you know and trust.</li><li>Don’t try to make maximum profits - staking is a marathon, not a sprint. The risk of losing a portion of your stake might outweigh the better profitability of an unknown validator.</li></ul><h2 id="what-resources-to-use-or-follow">What resources to use or follow?</h2>For all newcomers to Polkadot ecosystem, we recommend the following resources:<ul><li>Our <a href="https://p2p.org/economy/category/polkadot/">blog articles about Polkadot</a></li><li>Join the <a href="https://t.me/PolkadotOfficial?ref=p2p.org">official Polkadot group on telegram</a></li><li>Join the <a href="https://matrix.to/?ref=p2p.org#/!FdCojkeGzZLSEoiecf:web3.foundation?via=matrix.parity.io&via=matrix.org&via=web3.foundation">community group in Element</a></li><li>Use the official <a href="https://wiki.polkadot.network/docs/en/getting-started?ref=p2p.org">wiki of the project</a></li><li>Get familiar with Polkadot in action using <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot.js</a></li><li>Use <a href="https://polkascan.io/polkadot?ref=p2p.org">Polkascan</a> or <a href="https://www.subscan.io/?ref=p2p.org">Subscan</a> to dive deeper in addresses and transactions</li><li>Give <a href="https://kusama.network/?ref=p2p.org">Kusama</a> network, a wild cousin of Polkadot, a try</li></ul><h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_for_newcomers">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high-class staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Gleb via [email protected]. We are always ready to help and open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_for_newcomers"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

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from p2p validator

Polkadot Polkadot Nomination Strategies

While validators in Polkadot work together as the heart of the ecosystem - validate transactions, build the blockchain itself, and maintain network security, nominators supply the blood - they delegate their tokens to the validators they trust and therefore receive rewards and provide supply to the blockchain economy. So, what's the best strategy for a nominator? How to be sure your funds are safe and working at their maximum? We've gathered some strategies that might be useful for you based on the stake you have.<h1 id="500k-dots-and-more-">500K DOTs and more.</h1>You hold a large number of tokens, and the rewards you can get are pretty high (in absolute numbers). Here are some thoughts that you might find useful:<ul><li>The right nomination strategy can add several additional points to your APR, while with the wrong one you can receive only half of the potential profit. "Nominate once and relax" won't work for you because the fluctuations of nominations on the network can change the position of validators you've chosen drastically.</li><li>Selecting the most profitable validators in polkadot.js UI might not be a good idea because your stake is significant enough to change the position of validators in terms of profitability.</li><li>To make the best choice of validator, you should make predictions on the next validator set for each era, which requires development resources and a deep understanding of Polkadot validator election mechanisms.</li></ul>All this can make you think that it's almost impossible to get the maximum from your stake. Luckily, you're reading this text on p2p.org. We're a top-tier validator and can make this happen because of our vast amount of experience accumulated in Kusama and Polkadot.<h3 id="p2p-validator-special-offer-">P2P Validator special offer:</h3><ul><li>Optimized regular nominations to get maximum yield</li><li>Direct support by chat or video call</li><li>Weekly reports on profitability</li><li>Reports for tax authorities on demand</li><li>An immediate reaction in case of active set increases and other changes that can potentially affect your staking rewards.</li></ul>All the mentioned benefits are available for you without any additional fees. Contact us via <a href="mailto:[email protected]">email</a> or <a href="https://t.me/P2Pstaking?ref=p2p.org">join our telegram group</a> to know more.<h1 id="50k-500k-dots">50K - 500K DOTs</h1>We can bet you care about your profits, so you may develop this strategy by yourself - monitor the staking daily and update your nomination to choose the best validators. But the question is - how to choose reliable validator nodes and get maximum rewards from them? Here are some thoughts:<ul><li>Your stake is still significant enough not to use the automatic validator selection on polkadot.js - you're still able to push the specific node from the top profitability position.</li><li>Try not to update your nomination right after the election happens. The same reason being as for the point above - your nomination changes the landscape, so the best time to make an update is about noon CET.</li></ul>Feel free to use a <a href="https://redash.p2p.org/public/dashboards/cviD6Ci7oUDRnSoq8CqNJImrJfq8uuY37DsiF2CY?org_slug=default&ref=p2p.org">dashboard</a> that predicts the next validator set and was designed to find out the best targets for nominations.If you plan to continue staking Polkadot and would contact us during the upcoming month - we are happy to tell you are also able to receive a special offer for 500K+ stakes. Contact us via <a href="mailto:[email protected]">email</a> or <a href="https://t.me/P2Pstaking?ref=p2p.org">join our telegram group</a> to know more<h1 id="10k-50k-dots">10K-50K DOTs</h1>With a stake in this range, you might be interested in increasing profits, but paying too much attention to staking would not cover the costs of your time. The best approach would be to make a nomination and come back, check and update nomination if needed in a week or two. Here are some thoughts that might help you to make the right choice of validator:<ul><li>Choose nodes from a validator you know and can reach in case you have any questions. Polkadot network is permissionless - that means anyone can be a validator. The malicious behavior of a validator results in a punishment (slashing in terms of Polkadot) - which is a lot more harmful to the nominator than the validator.</li><li>If you're using polkadot.js, be careful over choosing validators automatically. This mechanism relies only on the current state of nominations and fees - and tells you nothing about specific validator quality.</li></ul>Use the <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_nomination_strategies">p2p.org/polkadot</a> web page to find out the best target addresses supported by P2P Validator.<h1 id="0-10k-dots">0-10K DOTs</h1>You don't have enough dots to earn a lot - but that also brings you an advantage - your stake does not significantly change a selected validator's profitability, so there is no need to pay much attention to nominations. The best strategy for you would be to choose around eight top-performing validators from the active set and the rest from the waiting list based on your feelings. We encourage you to put a bet on both big names in validation and include smaller independent validators who are active in community chats.<h1 id="general-thoughts">General thoughts</h1>According to Polkadot network rules, you can choose up to 16 validators in your nomination, and an automated election algorithm will do the rest. It looks like a perfect solution - to nominate once and relax, but there are some pitfalls that might affect your profits:<ul><li>Validators you've nominated might not be elected to the active validator set. This situation might occur if the other nominators that chose the same validators as you will renominate to other nodes. In this case, you're entirely missing any profit - and will continue to miss it until you make a new nomination or other people help your validators reach the active validator set.</li><li>Validators you've nominated become extremely popular and receive many nominations. In this case, you're getting profits on your stake, but they are not optimal. Here's a simple explanation: the reward each validator receives is almost equal for all active validators in the long term. The more nominated stake a specific validator has, the less each nominator gets. Some validators have nominations for 2M, some for 4M DOTs - as a result, the profits for their nominators differ twice!</li><li>There is a small chance the nodes you've nominated would go offline. If you nominate 16, the chance all of them would be down is meager - but it exists.</li></ul>The risks of not paying attention to the actual state of nomination in Polkadot can result in losing profits (partially or even completely). To mitigate our nominators' risks, P2P Validator supplies new validator nodes when the demand for them is growing.Why else should you nominate P2P Validator?<ul><li>We've invested our own funds in Polkadot & ecosystem and stake them via the public validator nodes - the same as you do</li><li>We have a dedicated DevOps and development team with a tremendous amount of experience across Polkadot and other blockchains</li><li>We were the first ones to run validators in both Polkadot and Kusama</li><li>We've achieved top-notch profitability for our nominators in Kusama and have a good track record.</li></ul>How to nominate P2P? Just use the 16 validator nodes listed on our website <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_nomination_strategies">p2p.org/polkadot</a><h2 id="p2p-statistics-in-kusama">P2P statistics in Kusama</h2>We have accumulated a huge amount of experience in staking Kusama and continue this story in Polkadot. The graph below shows the profits for a nominator with 1000 KSM with P2P Validator and other validators*.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/dx9t8wS.png" class="kg-image" alt loading="lazy" width="1021" height="611" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/dx9t8wS.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/dx9t8wS.png 1000w, https://p2p.org/economy/content/images/2020/09/dx9t8wS.png 1021w" sizes="(min-width: 720px) 720px"></figure>*Other validators’ profits are calculated based on the average weighted commission rate of 7,5%, average stake amongst all validators, and current staking ratio.<h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_nomination_strategies">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always ready to help and open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_nomination_strategies"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

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from p2p validator

Polkadot Polkadot Council elections: vote for P2P Validator

After the first council elections and removal of sudo module Polkadot will become a permissionless chain fully governed by the community. Every DOT holder can submit a proposal and suggest parameter changes such as increasing the validator set and many more.P2P Validator is excited to announce our Council candidacy. We have supported both Polkadot and Kusama networks from the very beginning, and, as a result, received more than 50,000,000 DOTs from 250+ users as nominations. As a Council member, we promise to act in the interests of the Polkadot community.<h2 id="why-you-should-vote-for-p2p-validator">Why you should vote for P2P Validator</h2><ul><li>We have a proven track record of 2+ years in the validation business across different networks</li><li>We are active participants in the governance of most groundbreaking blockchains</li><li>We've invested our funds in Polkadot & ecosystem and stake them via the public validator nodes</li><li>We have a dedicated development team and participate in W3F General Grants Program</li><li>We are always open for community requests</li></ul><a href="https://p2p.org/economy/Polkadot-Council-elections-vote-for-P2P-Validator#how-to-vote">Press here to find detailed instructions on voting.</a><h2 id="role-of-a-council-member">Role of a council member</h2>Efficient governance implies an active participation of stakeholders, which is always limited to some extent. It requires continuous monitoring of new proposals and taking actions to check that the outcome is not harmful for the ecosystem. Sometimes, token holders miss the right moment or simply prefer not to participate in voting for various reasons. Councils in Polkadot represent passive stakeholders and have a crucial role in the governance affecting the way of approving/rejecting proposals.Some of their capabilities:<ul><li>Accept or reject treasury spending proposals</li><li>Propose a referendum and change its bias</li><li>Cast "veto" on a malicious proposal</li><li>Cancel slashes that are in a queue for application</li></ul>Initially there are 13 councilors, the number will gradually grow to 23. Elections initially happen once a day. Later, elections will occur on a weekly basis and eventually monthly. Every token holder can pick up to 16 candidates. Stake-weighted votes are distributed automatically based on the Phragmen method the same way as nominating validators. Tokens involved in staking count in the selection of Council members. The vote is considered valid until canceled via extrinsic. Before that DOT are frozen (becoming non-transferable). Unlike unbonding, there is no specific period to wait before unfreezing and they become unlocked and transferable right after submitting a corresponding transaction.<h2 id="the-mission-of-p2p-validator-as-a-council-member">The mission of P2P Validator as a council member</h2>Very simply, we can describe our mission as a council member as follows: to protect the interests of nominators and validators.Although nominators and validators have different roles in the ecosystem, we find that many points are valid for both:<ul><li>Nominators and validators own and earn a certain amount of tokens and are interested in network ecosystem growth.</li><li>Nominators' stake and validators' future profits are in a non-liquid state, so both would not welcome any change that would result in a negative change in value of their holdings.</li><li>In some cases, nominators and small independent validators may not have enough time or expertise to analyze the proposed changes and make a considered conclusion in voting for or against.</li></ul>So, what exactly are we going to do as a council member?<ul><li>Dive as deep as we can into any proposal that is put to the council</li><li>Publicly express our opinion regarding the proposals clearly stating the expected results for both nominators and validators</li><li>Collect opinions from both validators and nominators</li><li>Discuss it with other council members and vote based on the opinions we've got from the community</li><li>Issue regular reports on the network development direction based on the proposals and discussions in the council</li></ul><h2 id="how-to-vote">How to vote</h2>1. Go to a Council tab of<a href="https://polkadot.js.org/apps/?ref=p2p.org#/council"> PolkadotJS UI</a> and press the vote button in the right top corner.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-1.png" class="kg-image" alt loading="lazy" width="1600" height="722" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-1.png 1000w, https://p2p.org/economy/content/images/2020/09/1-1.png 1600w" sizes="(min-width: 720px) 720px"></figure>2. Select up to 16 candidates by left clicking on accounts in the left box or simply paste the address of the desired one in the search field. Here is P2P Validator candidate address: <code>14krbTSTJv3aaT1VeBRX7CzoV4crr3adeF3KutdpkCttrxsZ</code>After you specify the amount of DOT, press submit button and sign the transaction<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-3.png" class="kg-image" alt loading="lazy" width="1600" height="725" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-3.png 1000w, https://p2p.org/economy/content/images/2020/09/2-3.png 1600w" sizes="(min-width: 720px) 720px"></figure>3. Your vote will be considered in the following elections.To cancel your vote go to Extrinsics tab, select the account used for voting, choose electionsPhragmen in the left drop-down menu, and removeVoter() in the right one.Then press the Submit Transaction button and sign it.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-3.png" class="kg-image" alt loading="lazy" width="1600" height="718" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-3.png 1000w, https://p2p.org/economy/content/images/2020/09/3-3.png 1600w" sizes="(min-width: 720px) 720px"></figure>Your vote will be immediately removed and tokens locked in Council elections will unfreeze.<h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?utm_source=blog&utm_campaign=vote_for_p2p_council">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high-class staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always ready to help and open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=vote_for_p2p_council"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=vote_for_p2p_council">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

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from p2p validator

NuCypher NuCypher Worker Node Monitoring Suite

As part of the Technical Contributor Phase of NuCypher’s <a href="https://blog.nucypher.com/come-and-stake-it-incentivized-testnet/?utm_source=p2peconomy">Come And Stake It (CASI) Incentivized Testnet</a>, <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=NuCypher-monitoring">P2P Validator</a> has collaborated with <a href="http://www.nucypher.com/?ref=p2p.org">NuCypher</a> to provide an inexpensive and powerful <a href="https://github.com/p2p-org/nucypher-monitoring?ref=p2p.org">suite of self-hosted NuCypher node monitoring and alerting services</a> using Prometheus and Grafana. This suite is free and open-sourced so that anyone can make use of it to manage their NuCypher node infrastructure.<h2 id="the-need">The Need</h2>The NuCypher Network is a decentralized network of nodes that uses proxy re-encryption to provide secrets management and dynamic access control services. The network facilitates end-to-end encrypted data sharing between parties without exposing plaintext data or private keys to the nodes.NuCypher nodes are incentivized to maintain high uptime and availability to readily provide re-encryption services. Persistent downtime will cause nodes to forgo inflation rewards and policy fees. Therefore, identification and resolution of availability issues quickly is a requirement. This solution is aimed at those who independently set up and run the Worker according to the NuCypher documentation, but who do not have enough experience to implement monitoring and alerting on their own. After successfully running a Worker node, the user should be able to check the state of their node and receive timely alerts about issues that need to be addressed immediately.<h2 id="the-solution">The Solution</h2>Our goal was to provide a seamless setup, simple configuration and enable the user to obtain up-to-date information about their ongoing node operations and the broader NuCypher network. We implemented a Worker endpoint that provides various node metrics and a Grafana dashboard to allow users to visualize these metrics and assess the state of their node.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-2.png" class="kg-image" alt loading="lazy" width="1240" height="444" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-2.png 1000w, https://p2p.org/economy/content/images/2020/09/1-2.png 1240w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-4.png" class="kg-image" alt loading="lazy" width="1240" height="780" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-4.png 1000w, https://p2p.org/economy/content/images/2020/09/2-4.png 1240w" sizes="(min-width: 720px) 720px"></figure>Metrics include:<ul><li>CPU / RAM / Disk / Network utilization</li><li>Realtime data on node workload</li><li>Account balances</li><li>Staker information</li><li>WorkLock status</li></ul>Furthermore, alerts can be provisioned based on these metrics through the dashboard to send timely messages when notable issues arise. Notification mechanisms include Telegram bots, SMS, phone calls, and email notifications. Additional functionality is provided to include images within alert messages and to configure reminders.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-4.png" class="kg-image" alt loading="lazy" width="1206" height="414" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-4.png 1000w, https://p2p.org/economy/content/images/2020/09/3-4.png 1206w" sizes="(min-width: 720px) 720px"></figure><h2 id="getting-started">Getting Started</h2>To install Prometheus and run your Worker with the metrics endpoint activated, see https://docs.nucypher.com/en/latest/guides/network_node/ursula_configuration_guide.html#prometheus-endpoint.To set up our monitoring suite, go to <a href="https://github.com/p2p-org/nucypher-monitoring?ref=p2p.org">https://github.com/p2p-org/nucypher-monitoring</a>, and follow the instructions.<blockquote>To file bug reports or feature requests, please create an issue on our Github. If you are feeling adventurous feel free to submit pull requests.</blockquote><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always ready to help and open for communication.<hr><h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=NuCypher-monitoring">P2P Validator</a> 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.Web: <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=nucypher-monitoring">p2p.org</a>Stake NU with us: <a href="https://p2p.org/nucypher?utm_source=blog&utm_medium=economy&utm_campaign=nucypher-monitoring">p2p.org/nucypher</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a>

Pavel Pavlov

from p2p validator

Polkadot P2P Staking Strategy in Polkadot Before DOT Transfers

Polkadot staking has successfully launched. Validator elections has been held and issuance of first rewards has been started. If you have not nominated yet it is a good time to <a href="https://p2p.org/economy/polkadot-nomination-guide?utm_source=strategy&utm_campaign=strategy">do it now</a>.P2P Validator has more than three years of experience as a non-custodial staking provider. We make staking clear and attractive to simplify the process, incentivizing token holders to secure the network. The main goal of our staking strategy is maximizing rewards for token holders.To reach that goal in Polkadot, we have been validating Kusama since the first day to polish our approach. Currently, we operate over 25 Kusama nodes with 300,000 KSM nominations and provide ~15% benefit for our nominators compared to average.Below I will briefly describe a temporary approach we are taking while DOT transfers are not enabled.<a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">Nominate P2P</a> to take part in this exciting journey.<h1 id="staking-in-polkadot">Staking in Polkadot</h1>In Polkadot nominators don't choose the amount delegated to a particular validator. Instead, they select preferred validators and their bonded stake automatically spreads amongst them to achieve an optimal distribution. Each token holder can pick up to 16 targets and the system will decide which ones will receive a delegation and the amount.Nominations represent stake-weighted voting for validators who compete for the active set. In the long term validators in the active set receive equal rewards meaning that the least staked node can potentially be more efficient.For example, assuming 0% commission, a nominator with <code>10 000 DOT</code> will receive 50% if the total stake of a validator is <code>20 000 DOT</code> and only 25% if <code>40 000 DOT</code>. But, if a staking provider does not have enough votes it can remain outside of the active set.To provide sustainable services validators need to find an optimal relation between the number of nodes and their total nominated stake. We run multiple nodes to provide an even distribution of stake for our nominators.<h1 id="dynamic-adjustment-strategy">Dynamic adjustment strategy</h1>The lower threshold of nominated stake decreases as the number of available seats in the active set increases and we will adjust to it retaining the number of our active nodes to be always one unit higher than the number that can win in elections.The reserved validator will enter the active set if it is expanded or more token holders vote for these nodes. Once this happens tokens will be distributed amongst the higher quantity resulting in a lower stake on each node. In this case nominators get a higher share in it. To explain the idea let's look at an example, which is simplified for better understanding.<h3 id="example">Example</h3>Let's assume that <code>12 000 DOT</code> is required to win in elections and <code>30 000 DOT</code> is staked with three validators two of which are in the active set while the third one is in reserve. In this case, tokens will be evenly distributed among the two active ones resulting in <code>~15 000 DOT</code> staked with each of them.If nominators vote for these three nodes with an additional <code>6 000 DOT</code> or the number of validators in the active set increases, the reserved validator will most likely win in the next elections. Stake of nominators will be redistributed resulting in <code>~10 000 DOT</code> per node and nominators will obtain a higher share. We will set a new reserve node that nominators can include in their nomination list in case of future changes.<hr>This temporary strategy will help us to remain flexible in the changing conditions of the network optimizing staking return for nominators who included all validators.Currently, we have ten nodes, which you can<a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy"> add to your nomination list</a>.<h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=strategy">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always ready to help and open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=strategy"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Polkadot 3 reasons to stake DOT right now

Transition to NPoS is expected to happen this week. Validator elections and rewards will be activated during this stage. Is it reasonable to stake at the very beginning or better to wait for exchange listings and activation of token transfers?There are more arguments for early staking, than against.<h1 id="time-is-rewards">Time is rewards</h1>During NPoS, all nominators will earn staking rewards. For those who haven't nominated yet, each day will result in a missed opportunity to receive additional interest on their DOT holdings.The period between NPoS and transfer activation is not defined. Some time will be taken to ensure that the network is stable enough before the next steps. After the enablement of decentralized governance, a technical committee and first councils should be elected. It will take at least 14 days. After that, someone will make a runtime upgrade proposal to remove sudo module, voting will take 28 days with an additional 30 days of enactment period before the upgrade.If a proposal to enable transfers will be the next one it will also take 28 days to vote for and 30 more days of enactment period. To sum up, more than 4 months and more than one third of annual DOT rewards can be lost just waiting for the right moment to stake.<h1 id="lower-staked-dot">Lower staked DOT</h1>In the early days of the network the number of staked DOT will start from a lower value and will increase gradually over time as new holders will join staking. Assuming a constant number of validators before network stabilization, the barrier for a node to enter the active set will be lower in the beginning.The average annual percentage return for a nominator depends on his share in the validator's total stake. It means that nominators who stake early obtain a bigger share in the validator pool receiving a higher portion of rewards. With enabled compounding nominators will be able to retain or even increase their share.If Joe has 15,000 DOT and the total stake of a validator is 30,000 DOT, Joe will receive one half of the rewards obtained by this validator node. If the total validator stake is 45,000 DOT Joe will receive only one third. In this example, commission rate is not taken into consideration for illustrative purposes.After raising the number of validator slots in the set, the barrier will decrease as well as the average stake among active validators meaning that the nominator's staking returns might increase even more.<h1 id="you-shall-not-miss">You shall not miss</h1>Polkadot investors have been waiting more than three years for a return on their initial investment. Some are worried that locking DOT in staking can interfere with a quick reaction when DOT become transferable and appear on exchanges.Enablement of transfers will be approved by the community of DOT holders via governance. The proposal will be voted for 28 days and if it is accepted, there will be an enactment period of 30 days before the upgrade. Tokens of participants who cast a Yay vote will be locked.In Polkadot, it is possible to vote without locking DOT in the enactment period, in this case, the weight of a vote will be decreased by 90%. There will be enough time to initiate unbonding for those who wish to fix a portion of DOT holdings as soon as possible. It is much more attractive than refusing three months of additional interest.In addition, we will notify nominators about the most important milestones and provide individual assistance in our<a href="https://t.me/P2Pstaking?ref=p2p.org"> Telegram chat</a>.<h1 id="staking-in-polkadot-is-simple">Staking in Polkadot is simple</h1>If you lack educational information and can't find guides explaining the required steps, read the detailed guides we have prepared to simplify the process:<ol><li><a href="https://p2p.org/economy/create-account-in-polkadot-network/">Create a Polkadot account</a></li><li><a href="https://p2p.org/economy/claim-dot-with-polkadotjs">Claim DOT tokens</a></li><li><a href="https://p2p.org/economy/polkadot-nomination-guide/">Nominate validators</a></li></ol><h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=reasons_to_stake">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of publishing, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alexey via [email protected]. We are always ready to help and open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=reasons_to_stake"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=reasons_to_stake">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Cosmos Cosmos' Game of Zones Phase 3: Double Spend via a Double Sign

<h1 id="cosmos-game-of-zones-phase-3-double-spend-via-a-double-sign">Cosmos' Game of Zones Phase 3: Double Spend via a Double Sign</h1>We'll show how malicious validators (or validator keys thieves) can double-spend via IBC transfers using vanilla Tendermint, cosmos-sdk and relayer software.For an experiment we have two chains: <code>p2p-org-3</code> and <code>responsible-3</code>. On p2p-org-3 there are 1000, no more and no less, of very valuable tokens with <code>scarce</code> denom. Using our trick we can make <code>responsible-3</code> accept a total sum of <code>2000scarce</code> via a channel.<h2 id="double-spend-via-a-double-sign-step-by-step">Double spend via a double sign step by step</h2>To double spend we:<ol><li>Open a channel from p2p-org-3 to responsible-3</li><li>Stop a single validator of p2p-org-3, replicated it in two copies (let's call them <code>p2p-org-3.1</code> and <code>p2p-org-3.2</code>, though they still have an original chain-id of <code>p2p-org-3</code>) and start again in two different exemplars.</li></ol><pre><code>p2p-org-3.2$ rly q bal p2p-org-3 100000000000ptp,1000scarce p2p-org-3.2$ rly q bal responsible-3 100000000000root,996000rsp,10transfer/hvigvvmjhcqwerty/ptp </code></pre>3. Send 1000 scarce from <code>p2p-org-3.1</code>to <code>responsible-3</code>.<pre><code>p2p-org-3.1$ rly tx transfer p2p-org-3 responsible-3 1000scarce true $(rly ch addr responsible-3) I[2020-06-04|23:36:45.775] ✔ [p2p-org-3]@{68672} - msg(0:transfer) hash(13628DFA68099121C323DB7C2369489E1AFB71C2737B3D92B1BACAF5A9CFBB01) I[2020-06-04|23:36:56.725] ✔ [responsible-3]@{68908} - msg(0:update_client,1:ics04/opaque) hash(50F3730A339AE60A1FDB4FADF484EA8FDC870E9E46C8362BEE328D7D324FDDE8) p2p-org-3.1$ rly q bal p2p-org-3 99999999500ptp p2p-org-3.1$ rly q bal responsible-3 100000000000root,995500rsp,10transfer/hvigvvmjhcqwerty/ptp,1000transfer/hvigvvmjhcqwerty/scarce </code></pre>4. Switch to <code>p2p-org-3.2</code>'s terminal - there we still have <code>1000scarce</code><pre><code>p2p-org-3.2$ rly q bal p2p-org-3 100000000000ptp,1000scarce p2p-org-3.2$ rly q bal responsible-3 100000000000root,995500rsp,10transfer/hvigvvmjhcqwerty/ptp,1000transfer/hvigvvmjhcqwerty/scarce </code></pre>5. Send a bogus transfer (<code>100ptp</code>) from <code>p2p-org-3.2</code> to <code>responsible-3</code> - it fails on <code>responsible-3</code> but we bump <code>p2p-org-3.2</code>'s packet count by one to be able to send further transfers succesfully.<pre><code>p2p-org-3.2$ rly tx transfer p2p-org-3 responsible-3 100ptp true $(rly ch addr responsible-3) I[2020-06-04|23:39:07.369] ✔ [p2p-org-3]@{68700} - msg(0:transfer) hash(EB8CAE3CDE96FF9073B54B5E6F70C43B83DA13A30E06D833AA107CEB94EE6279) I[2020-06-04|23:39:14.274] ✘ [responsible-3]@{0} - msg(0:update_client,1:ics04/opaque) err(client:15:couldn't verify counterparty packet commitment: key mismatch on operation #0: expected commitments/ports/transfer/channels/hvigvvmjhcqwerty/packets/3 but got commitments/ports/transfer/channels/hvigvvmjhcqwerty/packets/2: packet commitment verification failed) </code></pre>6. Succesfully send 1000 scarce from <code>p2p-org-3.2</code>to <code>responsible-3</code>.<pre><code>p2p-org-3.2$ rly tx transfer p2p-org-3 responsible-3 1000scarce true $(rly ch addr responsible-3) I[2020-06-04|23:40:02.589] ✔ [p2p-org-3]@{68711} - msg(0:transfer) hash(83DFA4FB75D22220ECD94F134D8A8AE5BC0D0075D2DA6021B8DA6C4688E28787) I[2020-06-04|23:40:12.237] ✔ [responsible-3]@{68947} - msg(0:update_client,1:ics04/opaque) hash(DD11048F41B6D0955EAC84D311DEF5DAD9A3F446398A59293C82A62D84F6B506) p2p-org-3.2$ rly q bal p2p-org-3 99999998900ptp gaia@ibc3-p2p-validator-2:/home/deploy$ rly q bal responsible-3 100000000000root,995000rsp,10transfer/hvigvvmjhcqwerty/ptp,2000transfer/hvigvvmjhcqwerty/scarce </code></pre>We think that if there's ever a real attack with stolen keys or malicious validators involved, it'll be carried out with a combination of running a fork + using modified software that can issue arbitrary IBC packets (like our own RootChain).<hr>The best way to support our contribution is to <a href="https://p2p.org/cosmos?utm_source=blog&utm_medium=economy&utm_campaign=phase3_post">stake ATOM with P2P Validador</a>.<hr><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=phase3_post">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We've been validating in Cosmos Hub since the first day of mainnet. P2P Validator provides comprehensive due-diligence and invested its own funds in ATOM in 2017 intending to support Cosmos network in the long term.Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=phase3_post"> https://p2p.org</a>Stake ATOM with us: <a href="https://p2p.org/cosmos?utm_source=blog&utm_medium=economy&utm_campaign=phase3_post">p2p.org/cosmos</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Vasiliy Shapovalov

from p2p validator

Cosmos Cosmos' Game of Zones Phase 3: a Deceptive Rootchain that will trap your tokens

<h1 id="cosmos-game-of-zones-phase-3-a-deceptive-rootchain-that-will-trap-your-tokens">Cosmos' Game of Zones Phase 3: a Deceptive Rootchain that will trap your tokens</h1>For Phase 3 we prepared a specific deceptive zone whose purpose is to trap your transfers and let the zone ‘root’ users to claim them on the counterparty chains.<h2 id="evil-rootchain">Evil Rootchain</h2>For Phase 3 we prepared a specific deceptive zone whose purpose is to trap your transfers and let the zone ‘root’ users to claim them on the counterparty chains.That zone does not expose a vulnerability in IBC, neither it is something unexpected by people who made ICS: it’s merely an illustration of IBC threat model and how it can be used to steal user funds.We modified <code>createOutgoingPacket()</code> function to work like that:<ul><li>user who has at least some root denom tokens (i.e. 1000root on balance) can create any outgoing transfers they want, even if they don’t have the required funds;</li><li>user who has no root tokens cannot transfer any tokens back to a source chain.</li></ul>Here’s the <a href="https://gist.github.com/vshvsh/88964912dbd389332c53bc239fb59168?ref=p2p.org">gist</a> of how it’s done, and the <a href="https://github.com/p2p-org/gaia-rootchain?ref=p2p.org">full project</a>.So if someone was to transfer, say, doubloons to our deceptive chain, they couldn’t take it back - but any root user can redeem fake tokens for real tokens on an origin chain.That means that a regular user who sends funds to a deceptive chain can’t cash them out on an origin chain - they’ve basically lost they funds. But it’s not apparent, because internal transfers on the zone work fine, and until a user tries to redeem the transferred token they won’t see any problems.Moreover, malicious root token holder can redeem those tokens instead of an original sender or transferred token holders, and that wouldn’t be apparent too without aggregate analysis of all transfers across all channels.We deployed it on responsible-3 zone (heads up: responsible was an approved sockpuppet account of p2p all along; it didn’t compete in earlier phases where scarcity and/or account throughput were an issue).<h2 id="demonstration">Demonstration</h2>An unsuspecting user makes a transfer of 100 very valuable ptp tokens to responsible-3:<pre><code>>rly tx transfer p2p-org-3 responsible-3 100ptp true cosmos16zx4s8nculu94vhm07fd3qlg8g7grtj0xk49dg I[2020-06-03|18:21:59.489] ✔ [p2p-org-3]@{50776} - msg(0:transfer) hash(962733C0568867D6F4EA70417EB1E747FCC136396E3E020D5351DAD011ACBE6D) I[2020-06-03|18:22:09.218] ✔ [responsible-3]@{50793} - msg(0:update_client,1:ics04/opaque) hash(87D2802713DB702334AB843CAD488841E5A3E1A7C95DCB0DA0344E5039A77674) </code></pre>They now have transferred tokens in the wallet, but can they transfer them back?<pre><code>>rly q bal responsible-3 100transfer/fmqnwnlqii/ptp </code></pre><pre><code>>rly tx transfer responsible-3 p2p-org-3 100ptp false cosmos16zx4s8nculu94vhm07fd3qlg8g7grtj0xk49dg I[2020-06-03|18:56:09.666] ✘ [responsible-3]@{51200} - msg(0:transfer) err(sdk:4:failed to execute message; message index: 0: need to be root user to send ibc source=false transfers: unauthorized) Error: failed to send first transaction </code></pre>No, they can’t. Here comes a root user:<pre><code>>rly q bal responsible-3 100000000000root,975000rsp </code></pre>They don’t have any <code>100transfer/fmqnwnlqii/ptp</code> tokens, but they can redeem 100ptp on p2p-org-3 anyway:<pre><code>>rly tx transfer responsible-3 p2p-org-3 100ptp false cosmos1hazzkmrvxcrxvxv98daslkw0a7uax5djqgn20d I[2020-06-03|18:58:41.425] ✔ [responsible-3]@{51230} - msg(0:transfer) hash(24456218B05964F3B7B57EFD1F25E2CEEDA9BAAEBC957D0A6E315D801929E093) I[2020-06-03|18:58:49.540] ✔ [p2p-org-3]@{51217} - msg(0:update_client,1:ics04/opaque) hash(769158A9735DF93496F08F631E5D1AB04CCF081DFC132700E25C970D33DF74DB) </code></pre><pre><code>>rly q bal p2p-org-3 100ptp </code></pre><h2 id="conclusion">Conclusion</h2>The prolonged existence of actively malicious “rootchains” is not realistic - people wouldn’t use it for anything - but we expect people might deploy temporary ones for fishing or scamming purpose when IBC connections are permissionless and IBC-enabled wallets allow arbitrary chains to be added.More than that, any sufficiently complicated IBC-enabled blockchain can become a “rootchain” due to vulnerability, especially if we’re talking about complex smart contract chains and dynamic IBC like on Agoric or CosmWASM chains. Both trapping the funds on receiving chain forever or dishonest redeeming on source chain can be a result of an exploit on undertested code.We think that the community should build tools for total supply observability across chains and means to swiftly stop IBC transfers with malicious or vulnerable zones or applications via governance to prevent user fund loss.<hr>The best way to support our contribution is to <a href="https://p2p.org/cosmos?utm_source=blog&utm_medium=economy&utm_campaign=phase3_post">stake ATOM with P2P Validador</a>.<hr><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=phase3_post">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We've been validating in Cosmos Hub since the first day of mainnet. P2P Validator provides comprehensive due-diligence and invested its own funds in ATOM in 2017 intending to support Cosmos network in the long term.Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=phase3_post"> https://p2p.org</a>Stake ATOM with us: <a href="https://p2p.org/cosmos?utm_source=blog&utm_medium=economy&utm_campaign=phase3_post">p2p.org/cosmos</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Vasiliy Shapovalov

from p2p validator

Polkadot Create Account in Polkadot Network

This guide will walk you through the steps of creating Polkadot account and receiving individual address to <a href="https://p2p.org/economy/claim-dot-with-polkadotjs">claim DOT</a> tokens and <a href="https://p2p.org/economy/polkadot-nomination-guide">start nominating</a>.<a href="https://p2p.org/economy/create-account-in-polkadot-network#create-an-account-using-polkadotjs-ui">Create an account using Polkadot.JS UI</a><a href="https://p2p.org/economy/create-account-in-polkadot-network#create-an-account-using-polkadotjs-browser-extension">Create an account using Polkadot.JS browser extension</a><h1 id="create-an-account-using-polkadotjs-ui">Create an account using PolkadotJS UI</h1>Visit <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot UI</a>, go to <code>Settings</code> tab and select <code>address prefix</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-4.png" class="kg-image" alt loading="lazy" width="1899" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-4.png 1600w, https://p2p.org/economy/content/images/2020/09/1-4.png 1899w" sizes="(min-width: 720px) 720px"></figure>In a dropdown menu select Polkadot (live).<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-7.png" class="kg-image" alt loading="lazy" width="1899" height="857" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-7.png 1600w, https://p2p.org/economy/content/images/2020/09/2-7.png 1899w" sizes="(min-width: 720px) 720px"></figure>Set the node/endpoint. Choose one hosted by Parity or Web3 as on screenshot below and click <code>Save & Reload</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-6.png" class="kg-image" alt loading="lazy" width="1901" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-6.png 1600w, https://p2p.org/economy/content/images/2020/09/3-6.png 1901w" sizes="(min-width: 720px) 720px"></figure>Go to <code>Account</code> tab and press <code>Add account</code> button. Polkadot mainnet address should start with "1".<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-3.png" class="kg-image" alt loading="lazy" width="1906" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-3.png 1600w, https://p2p.org/economy/content/images/2020/09/4-3.png 1906w" sizes="(min-width: 720px) 720px"></figure>Complete all the required fields and save all information in a secure place. For future ease add in the name of the account “stash” to identify it easily in the future or add a tag after creation. You will be able to download and store your encrypted keystore locally.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-3.png" class="kg-image" alt loading="lazy" width="1902" height="856" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-3.png 1600w, https://p2p.org/economy/content/images/2020/09/5-3.png 1902w" sizes="(min-width: 720px) 720px"></figure>Press <code>Save</code> and backup your account.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-1.png" class="kg-image" alt loading="lazy" width="1901" height="863" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6-1.png 1600w, https://p2p.org/economy/content/images/2020/09/6-1.png 1901w" sizes="(min-width: 720px) 720px"></figure>For secure staking you will need to have at least two accounts:Stash - the primary account that holds the funds. The funds can be kept in a cold wallet and all bonded DOT are locked. After unbonding, users must wait for 28 days before they can access the locked funds.Controller - a separate account to control and perform staking commands for stash account, like changing nominations, starting or stopping nominating and so on. It needs to have sufficient funds in DOT to pay for transaction fees when actions are taken.Now you have created one account that initially will perform both functions. It will appear in your <code>Accounts</code> tab. After enablement of token transfers, it is recommended to create a separate account, send 1 DOT to it and use it as a controller.<h1 id="create-an-account-using-polkadotjs-browser-extension">Create an account using PolkadotJS browser extension</h1>As an alternative way of creating Polkadot account you can use Polkadot.JS browser extension. It is available for Chrome and Mozilla users.First install the extension:<ul><li><a href="https://addons.mozilla.org/en-US/firefox/addon/polkadot-js-extension?ref=p2p.org">Mozilla</a></li><li><a href="https://chrome.google.com/webstore/detail/polkadot%7Bjs%7D-extension/mopnmbcafieddcagagdcbnhejhlodfdd?hl=en&ref=p2p.org">Chrome</a></li></ul>You will see the orange logo in the menu bar.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7-1.png" class="kg-image" alt loading="lazy" width="1877" height="766" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/7-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/7-1.png 1600w, https://p2p.org/economy/content/images/2020/09/7-1.png 1877w" sizes="(min-width: 720px) 720px"></figure>Open the PolkadotJS plugin and press <code>Create New Account</code> or simply press the cross in the middle.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8-1.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8-1.png 600w, https://p2p.org/economy/content/images/2020/09/8-1.png 800w" sizes="(min-width: 720px) 720px"></figure>Write down or copy your seed phrase and go to the next step. If you will try to paste it before finishing the process, extension window will close so you will need to repeat this step.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9-1.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9-1.png 600w, https://p2p.org/economy/content/images/2020/09/9-1.png 800w" sizes="(min-width: 720px) 720px"></figure>Choose the name of account and set a secure password. Press the orange button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/10.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/10.png 600w, https://p2p.org/economy/content/images/2020/09/10.png 800w" sizes="(min-width: 720px) 720px"></figure>You will see the account in the extension menu. Now you can paste a seed phrase if you copied it in a previous step. Now check that address displays as a Polkadot mainnet address that should start from "1". Press a "gear" in the right top corner. In the dropdown menu choose Polkadot (live). Click <code>back</code> and you will see that address will transform. Now you can copy it to save as a plain text.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/11.png" class="kg-image" alt loading="lazy" width="800" height="885" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/11.png 600w, https://p2p.org/economy/content/images/2020/09/11.png 800w" sizes="(min-width: 720px) 720px"></figure>Download a backup JSON by pressing three dots and choosing <code>Export Account</code>. The extension will ask you to enter the password which you specified in a previous step.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/12.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/12.png 600w, https://p2p.org/economy/content/images/2020/09/12.png 800w" sizes="(min-width: 720px) 720px"></figure>Now you can visit <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot UI</a> and let the extension to add your account. If there was no such intention you can simply press <code>Restore JSON</code> and drug the backup file saved in a previous step. Even if you haven't changed the address format to Polkadot (live) in extension it still can be imported to the <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot UI</a> and transformed in a <code>Settings</code> tab.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/13.png" class="kg-image" alt loading="lazy" width="1899" height="860" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/13.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/13.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/13.png 1600w, https://p2p.org/economy/content/images/2020/09/13.png 1899w" sizes="(min-width: 720px) 720px"></figure>For secure staking you will need to have at least two accounts:Stash - the primary account that holds the funds. The funds can be kept in a cold wallet and all bonded DOT are locked. After unbonding, users must wait for 28 days before they can access the locked funds.Controller - a separate account to control and perform staking commands for stash account, like changing nominations, starting or stopping nominating and so on. It needs to have sufficient funds in DOT to pay for transaction fees when actions are taken.Now you have created one account that initially will perform both functions. It will appear in your <code>Accounts</code> tab. After enablement of token transfers, it is recommended to create a separate account, send 1 DOT to it and use it as a controller.<h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_create_account">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.<hr>Now you have an account in Polkadot. The next step is to <a href="https://p2p.org/economy/how-to-claim-dot-tokens-with-pokadot-js">claim DOT</a> and <a href="https://p2p.org/economy/how-to-nominate-validators-in-polkadot">start nominating</a>. If you have any questions, join our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected], we will be happy to help.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_create_account"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_create_account">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Alex Bondar

from p2p validator

Blog

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