10 deadly staking mistakes that you make when choosing a validator.
(That bleed away your staking rewards and destroy the ecosystem balance without you even noticing)
Long thread: π
(That bleed away your staking rewards and destroy the ecosystem balance without you even noticing)
Long thread: π
Some of the mistakes in this thread:
Mistake #1: The "tunnel vision" syndrome trap
Mistake #2: The jungle ambush
Mistake #3: The fat demon with a small mouth
Mistake #4: The alligator trap
(...)
Mistake #9: The staking "fatal sin"
Mistake #10: Stake, restake and be alive
Mistake #1: The "tunnel vision" syndrome trap
Mistake #2: The jungle ambush
Mistake #3: The fat demon with a small mouth
Mistake #4: The alligator trap
(...)
Mistake #9: The staking "fatal sin"
Mistake #10: Stake, restake and be alive
Deadly Mistake #1: The "tunnel vision" syndrome trap
Too many $LUNA'tics get bitterly surprised when things go south with their staking rewards.
Common questions are:
- Why am I not getting my airdrop?
- Why am I getting much less π° than normal?
The answer may surprise you:
Too many $LUNA'tics get bitterly surprised when things go south with their staking rewards.
Common questions are:
- Why am I not getting my airdrop?
- Why am I getting much less π° than normal?
The answer may surprise you:
Picking a validator is not only about the commission it charges.
For example:
Even with a low commission, a bad uptime and insufficient voting may get your validator jailed.
Which means...
Your rewards will painfully bleed away.
So here's what you need to be aware first:
For example:
Even with a low commission, a bad uptime and insufficient voting may get your validator jailed.
Which means...
Your rewards will painfully bleed away.
So here's what you need to be aware first:
Deadly Mistake #2: The jungle ambush
So many metrics and so little time...
Which should you pick first?
Uptime is important as it will allow you shoot for the maximum APR earnings.
No validator can assure rewards if it goes offline for too long.
But there's more:
So many metrics and so little time...
Which should you pick first?
Uptime is important as it will allow you shoot for the maximum APR earnings.
No validator can assure rewards if it goes offline for too long.
But there's more:
Current Oracle Commit % will avoid your $LUNA rewards deadly slashing...
An unbonded validator is a financial dead end...
And a validator that usually doesn't answer questions is also a bad sign.
Yet the most important thing is not about the validators...
But you:
An unbonded validator is a financial dead end...
And a validator that usually doesn't answer questions is also a bad sign.
Yet the most important thing is not about the validators...
But you:
Deadly Mistake #3: The fat demon with a small mouth.
This demon is your GREED.
If all you care is the lowest fees, remember:
A 0% commission validator is running at a loss.
So before picking one, ask yourself:
Is it a temporarily promo?
Or maybe something doesn't fit?
This demon is your GREED.
If all you care is the lowest fees, remember:
A 0% commission validator is running at a loss.
So before picking one, ask yourself:
Is it a temporarily promo?
Or maybe something doesn't fit?
Deadly Mistake #4: The alligator trap.
Just as alligators, Maximum Commission Rates hide themselves under water...
Ready to chop your head off.
How?
If a validator can largely change its commission from one day to another...
Then you may fall down before you can spell $LUNA.
Just as alligators, Maximum Commission Rates hide themselves under water...
Ready to chop your head off.
How?
If a validator can largely change its commission from one day to another...
Then you may fall down before you can spell $LUNA.
Deadly Mistake #5: the "staking pandora box"
Ever staked one validator at a time?
Then your slashing risks are higher than they should.
If your validator gets in trouble, all of the eggs will be in one basket.
You can fix this manually..
Or automate with the solution below.
Ever staked one validator at a time?
Then your slashing risks are higher than they should.
If your validator gets in trouble, all of the eggs will be in one basket.
You can fix this manually..
Or automate with the solution below.
Deadly Mistake #5: Angry bees.
Claiming rewards is like dealing with angry bees.
They sting before you know!
See, compounding rewards comes with the cost of converting them to $LUNA.
Plus, don't forget the stability fee tax.
It's paid on stablecoin transactions and swaps.
Claiming rewards is like dealing with angry bees.
They sting before you know!
See, compounding rewards comes with the cost of converting them to $LUNA.
Plus, don't forget the stability fee tax.
It's paid on stablecoin transactions and swaps.
Deadly Mistake #6: The "staking dust".
Have you ever checked your staking rewards...
And found fractional amounts of tokens like $JPT, $EUT, $THT?
The fractions of tokens you see are different stablecoins.
You won't be able to swap them unless you use the solution below.
Have you ever checked your staking rewards...
And found fractional amounts of tokens like $JPT, $EUT, $THT?
The fractions of tokens you see are different stablecoins.
You won't be able to swap them unless you use the solution below.
Deadly Mistake #7: Wasted stakes.
Did you know that, unless you are auto-compounding your rewards, you are losing up to 30% of the profit?
In an ecosystem like @terra_money...
Col-5 coming...
And the $LUNA prices climbing day by day...
You can't afford such a loss.
Did you know that, unless you are auto-compounding your rewards, you are losing up to 30% of the profit?
In an ecosystem like @terra_money...
Col-5 coming...
And the $LUNA prices climbing day by day...
You can't afford such a loss.
Deadly Mistake #8: Not giving back.
Are you staking with @angelprotocol?
If you are, all the profits go to Charity!
If you don't...
Consider giving back.
Are you staking with @angelprotocol?
If you are, all the profits go to Charity!
If you don't...
Consider giving back.
Deadly Mistake #9: The staking "fatal sin"
Did you know that the top 30 validators accrete >70% of all the staked Luna?
As @stablekwon said, "decentralization is key".
Please consider staking with smaller guys.
Help decentralize #Terra.
Did you know that the top 30 validators accrete >70% of all the staked Luna?
As @stablekwon said, "decentralization is key".
Please consider staking with smaller guys.
Help decentralize #Terra.
Deadly Mistake #10: Stake, restake and never die.
If you want to pick the best validator, then you need to have a look at the following:
Consider the APY%...
Check self-delegation...
Review slashing records...
Have a sneak-peak at the commissions...
Plus: π
If you want to pick the best validator, then you need to have a look at the following:
Consider the APY%...
Check self-delegation...
Review slashing records...
Have a sneak-peak at the commissions...
Plus: π
Check validator's age...
Their operations...
The way they behave in the community...
The reviews of fellow $LUNA'tics...
Their uptime and network ethics.
Do ALL that!
Or...
Their operations...
The way they behave in the community...
The reviews of fellow $LUNA'tics...
Their uptime and network ethics.
Do ALL that!
Or...
#ReimagineStaking with Stader.
Just pick the validator bucket of your choice...
And click only one button to obtain:
- Auto compounded yields
- An automatic reward claim system
- A reduced slashing risk
- Better user experience
- Pre done validator selection
Join now:
Just pick the validator bucket of your choice...
And click only one button to obtain:
- Auto compounded yields
- An automatic reward claim system
- A reduced slashing risk
- Better user experience
- Pre done validator selection
Join now:
Step #1:
Retweet from the top and follow us for more exciting news.
Step #2:
Join Stader exclusive early bird group and access our secret launch prizes before anybody else:
==> bit.ly/3i4OeTI <==
Retweet from the top and follow us for more exciting news.
Step #2:
Join Stader exclusive early bird group and access our secret launch prizes before anybody else:
==> bit.ly/3i4OeTI <==
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