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I'm not part of the team, but just my humble opinion. Need to recap a bit the history to understand the present. This blockchain has less than 7 months from the mainnet and is already in top 20 - 25 by marketcap. Inevitably the node price increased a lot. From technical perspective the project is rock solid (and this is reflected in the eGLD price as well), the validators community is also very strong, the same team with long term vision. You cannot change the rules during the game and need to let some time to digest the new economic environment and the current validators expectations. Gr

This proposal is focused on expanding the Elrond staking economy. Please read the information below carefully in preparation for our feedback sessions. The changes we are proposing are meant to open a new era of growth for Elrond, specifically increasing the token distribution and decentralization, strengthening the security of the network, and enabling sustainable business models around staking-as-a-service providers. In short, by enabling more eGold to be staked, more people and validators will participate, more tokens will be locked, security will improve, potentially increasing the va

Hi, please find all the details related to phase 3 here [1]. Read also the comments, are very useful. Both delegation and validator list will remain up and running for tech purpose, but will not be any longer incentivized. The delegation mechanism will remain in place - if you're in the delegation waiting list you have chances to be swiped out to the active delegation (is someone exits) or you can delegate to a SP (Staking Provider) agency. Best regards, Marius [1]

Thank you Marius. I appreciate the information.

You also need to have the right tech skills to deploy/customize a new Delegation Manager SC, deploy the site, manage the nodes (Linux skills mostly) and of course to convince people you're a trustworthy SP agency. Some important resources: Dapp boilerplate for Delegation [1] - basically you have already a web client implementation made by the Elrond team (just need to customize it as you want) Delegation System Smart Contract [2] - the Delegation Manager SC video materials from TrustStaking @Trust Staking [3][4] explaining the Delegation Manager deployment and

Edited my answer to include the first part.

No automatic delegation, you need to undelegate from the waiting list and delegate to a staking provider yourself. In waiting queue there is no unbonding time so after unstake is processed, you can immediately delegate to a staking provider. Should be Last In First Out

Hi Alexandru, The DelegationManager SC was verified and strongly tested by the team Elrond team. As you maybe already know, they use also formal verification on those for the safety part. Most of the staking agencies were very active on our Elrond Validators Telegram group, very technical guys and good professionals. Basically 2 things can happen: 1. If the staking agency will not maintain properly the nodes (shut down, doesn't upgrade etc): these will get jailed and stop earning rewards. Everyone on those nodes stops earning rewards. 2. If the staking agency will use the nodes t

Hi! I see that you still have the ERD tokens. Here is a short guide on how to exchange your coins for Fiat: 1. First, you would need to swap the ERD tokens for eGLD (just click on convert next to your ERD wallet in Binance and you will arrive here ) 2. Second, click on "Trade" -> "Classic" and search the eGLD/USDT pair (here you can convert eGLD for USDT by setting a sell order) 3. Finally, convert your USDT to EUR. Best regards! :)

There is a waiting list for both delegation and staking. For staking we have capped number of seats (with update will be 3200) so having a node in the waiting list when all seats are taken will allow you to replace a validator when it becomes jailed (if you are next in queue) or replace it when it unstakes. Same will be for active delegation with the community delegation smart contract. There will always be some that will want to undelegate at some point, so first in queue will take their place. Of course if you are able to delegate with a staking provider that still accepts del

One thing that worries me about Elrond is high staking rewards. Staking gives 25-29% annual returns depending on scenario. This is significantly higher than for other PoS chains, like ~5% for Cardano and 7% target returns for ETH (or even less?). What is the rationale behind high rewards? They will sure lead to inflation and compromise investment attractiveness.

Binance does not seem EGLD to convert to fiat. I can convert ETH to USDT and then to EUR. But the option for EGLD does not seem to be there in the convert dialog. I must be missing something. Best regards, Maarten

Hi, So what will the waiting list`s purpose be in phase 3? If we don`t want to go with the service providers we will have the option to remain in the queue for delegating with you, or am i missing something?

There will be no automatic assignments, the owner of the funds (you) will have to withdraw from the waiting list and choose a service provider (we cannot decide for you the service provider and we can not move your funds) The ones in the active delegation are not affected. They can remain in active delegation, or if they so choose they can undelegate and move to service providers. The active delegation receives rewards from the protocol so they will continue to receive rewards after the update as well.

mersi pt raspuns 🙂

oh and designing a system that would necessarily wall-out "wait-listed" delegators to 6% while actives are at 29% instead of gradual lowering of total interest rate for *all particpants equally* in one traunch, fairly distributing rewards as such, (like other chains do for example eth 2.0) is odd, for such a great architecture. Elrond is great, but your staking is too centralized. Please - as main focus, lower your min validator stake to 100 to 500 and (as you plan to do) let validators select the reward they will pass on to delegators - but you gotta lower the barrier to entry to become

Great job guys, but hardly decentralized if the only people who can validate must have over $250,000 in EGLD. That is RIDICLULOUS! I expected to set up several v-nodes myself. Now I can't, not with a 2500 min. limit moonshot. A truly decentralized network can have more than 3200 validators (AVAX supports endless number). It can have millions ... and it is much healthier for a network to have more validators and less delegators. You need to lower your minimums dudes! More like 100 or 200 EGLD per node would make a lot more sense. You can just have the very rich being validators, totall

Hi cneazul, The reward pool for the combined waiting lists (staking/delegation queues) is already 5000 eGLD. With phase 3 you will be able to delegate your funds to staking services providers or run your own validator, as 1031 validator seats will be opened (from 2169 total number now to 3200 in phase3). This means that there will be an extra 1031*2500 = 2,577,500 eGLD that can become active delegation or active stake. Currently there are already 339 out of the 1031 seats filled in the staking queue (you can see that in explorer). For the validators that fill the 1031

I'm assuming you mean sending it as argument to an already deployed smart contract, using erdpy. There is no built-in "date" type in either C or Rust smart contracts. You will have to use unix timestamp as a u64. As for string, you'll have to hex-encode the bytes. There are plenty of tools online that do this, I personally use https://www.rapidtables.com/convert/number/ascii-to-hex.html Make sure you add a "0x" in front and use "None" as delimiter.

Hi Ikosov, For the ActiveDelegation the APR is fixed currently at 29% and you need to manually claim the rewards using the ClaimRewards button (right side). This is paid daily. For the WaitingList Delegation the APR is dynamically and can vary based on the no of eGLD in the queue (which evident can be different from week to week). Last week the APR was ~ 6.7%. This reward is coming by default in your main wallet (from where you made the delegation process), so no need for manually ClaimRewards operation. Also you can see the transaction in the transactions list. This is paid weekly (on e

Hey Truststaking, That makes sense sense to be considered in the research work mentioned above. Thank you!

I think it's time for a small presentation. My name is Kevin and i'm from France :) My interest for cryptocurrency really started in March and i discovered Elrond quite late in June. I am autodidacte and passionate in web-technologies and i believe that Elrond will occupy myself for the years to come. I am used to work with API and im fluent in SQL. Who know may be one day i will write some smart contracts on Elrond I feel like i'm taking part in history and i'm glad to help the french community in telegram and on medium as a translator :) Have a nice day !

Hey guys. I am Beniamin, Founder & CEO of Elrond. I spend most of my time thinking about the long term vision of Elrond, setting near-term milestones, overcommunicating them internally and externally, bringing the brightest minds I know together in the Elrond team, and pushing hard along our team on all fronts to advance in the right direction at high speed. I've been in the bloclchain space since 2013, joined the NEM Core team in 2014, and later invested in more than 30 blockchain startups. However, the last two years have been undoubtedly the most challenging and gratifying year