Staking rewards on @harmonyprotocol $one a [Thread]
Reward factors:
Rewards are factored by a few different things currently. Total keys on a shard, shard speed, amount staked and validator uptime.
[1]The first thing that effects rewards is total keys on the shard. There are 4 shards and the block rewards are divided between the validator keys in relation to the amount staked. If a shard has fewer keys it will be divided by less and the rewards will rise for that shard.
[2]Shard speed is the second thing, how fast a shard is making it through the blocks will determine how many block rewards that shard divvies out.
[3]Total stake plays one of the biggest factors as the rise in staked percentage directly correlates to the decrease in rewards rate or a greater division of the block rewards. See the tokenomics medium post here which shows the graph: medium.com/harmony-one/ha…
[5]Uptime is the amount of blocks a validator signs, for every block a validator does not sign that is block rewards the delegators will not receive. 99% uptime should be the goal of every validator and will help maximize rewards for the delegators.
[6]Fee (commission) is the amount the validator keeps of the rewards. The math looks like this if the validator has an Expected Return rate of 11% APY and a Fee of 5% the net (rewards to the delegators) is 10.45% or a 95/5 split.
[7]This actually has one of the smallest impacts on rewards received by the delegators depending on the fee rate. 5% is the new baseline fee as set by this governance proposal: governance.harmony.one/#/staking-main… This incentivizes staking with new validators who can run a 0% fee.
Feel free to DM if you have further questions $one fam.
This thread was a collaboration between us and @ussharmony
@ForumHarmony you want to translate this thread and post it on the regional forums?
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Validator Transparency Report. As stated previously June 1st we set our fee at 5% $one fam. This will be used to support new and unelected validators. @validity_one made election again and looks stable now. @TokenNuggets not far behind 😍 @harmonyprotocol#decentralization
For our delegators we ran the random generator and address 25 won 1000 $one. Expect it this evening. This is a flash thank you for the support. We will occasionally do these.
For the 5% fee math as you can see 95% stays with the delegators and the validator receives a 5% commission $one fam. If you choose to move to a 0% validator. I hope it will be a new up and coming validator. Thank you for the support.