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  1. 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
    5 points
  2. 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
    4 points
  3. Hi Milan, 1. If you run a staking service (accept delegations) there is a delegation manager contract that allows you to create your own delegation contract with your preferred configuration (service fee, delegation cap, etc). For this you need to come with 1250 eGLD yourself, which will be the first delegated amount (your own delegation) and is required in order to keep your delegation contract active. Everything else can come from other delegators. 2. Yes the node will be deactivated by the protocol while the staked amount is below the minimum required. If in the meantime there is
    3 points
  4. April 7 - the first rewards from the new Validators On April 7 ~14:30 UTC at epoch 251, these nodes distribute their rewards towards their stake owners, whether directly staked or delegated, in effect producing the first rewards for Staking Phase 3. Also at this date and time, the next 320 new nodes become Active Validators, and so on.
    2 points
  5. Hello, I am in a bit of a situation. I advanced in the waiting list so much in the last days that I can become an active delegator in about 24 hours if it keeps the same speed. Calculating the APRs in Phase 3, a Phase that I understand will last for about 5 months, please tell me what are your exact plans with the community nodes. Will you force delegators out at some point or will you wait for people to undelegate and shut down the nodes as that happens? Giving the little price cartel SPs created in the last few days, there is nothing attractive in going with them for Phase 3 instead of
    2 points
  6. Hi Emi, Thanks for the feedback! The team already pushed a work-around and tomorrow will be pushed the official fix. I tried from my Mac/Safari and it's working as expected now. Best regards, Marius P.S.: Kindly please let's keep English using on this forum
    2 points
  7. The Economic paper we are publishing today presents the economic principles governing the Elrond Network, and how they keep everything aligned Read the full paper here: https://elrond.com/assets/files/elrond-economics.pdf Reasoning and overview Through Elrond we propose a bold vision for a post-capitalist world, providing a new economic model and language specifically designed for the information age. The Elrond token, eGold (eGLD), will have an expected bootstrapping duration of roughly three-to-five years. The Elrond token is inseparable from the Elrond Network, and thus in
    2 points
  8. Hi Marius, The removal of Elrond foundation nodes is not yet in discussion for the phase 3 release, this will be further down the line and will be announced beforehand. But just for the sake of discussion, the mechanism should be fairly simple, one option (which in my opinion would also be elegant) would be to keep the extra stake from the removed keys(nodes) as TopUp stake on the remaining nodes. This will indeed cause the return per staked token to decrease on average a bit, since the topUp stake APR is always below the base stake APR, but will also allow SaaS providers to become a
    2 points
  9. Hi folks! I have some questions please. My understanding is that (soon) starting with the phase 3, the max no of validators will be increased up to 3200. Also, some of the Elround Foundation nodes will be removed letting some space for some external nodes. So far so good. My questions: 1. How are selected the nodes to be removed? Just random? 2. What's happening exactly with the tokens delegated to those Elround Foundation nodes? Will be moved transparently to some staking partners? 3. The affected delegators will be announced and can decide for themselves? Thank you, Marius
    2 points
  10. small fish hi all, well im a small fish here and i only run one validator node, at the moment i dont want to go into becoming staking as a service provider untill i could become more comfortable with the smartcontracts etc so untill then im quite happy running my node, if i could i would had run more nodes but i do not have the funds for this, so im just going to put this out their, i understand the proposal to increase the stake per node but putting the amount up too much may price even more people out and a few people/comapanies could end up running a majority of the nodes, this to me
    2 points
  11. Should we also have a flow in the main DSSC where people will choose lock commitment for a higher APR comparing with no lock commitment ?
    2 points
  12. About Delegation System Smart Contracts: I suggest by default to have some variables that helps to define: standard fee (without lock commitment) 3 months fee 6 months fee 12 months fee If a provider only "fill" the variables standard fee and 12 months fee, only this 2 options will be available in the SC This change will cover a lot of scenarios for staking providers
    2 points
  13. 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 !
    2 points
  14. Official guide for setting up a node: https://docs.elrond.com/start-a-validator-node/start-the-network Community enhanced official scripts: https://github.com/ElrondNetwork/elrond-go-scripts Community tutorials: “FAQ running Elrond Network node for the first time” by Jose F. Aznar https://link.medium.com/4ime0uLMn0 “Fast Install & Update Elrond Nodes” by Jose F. Aznar https://link.medium.com/pQxZjzOMn0
    2 points
  15. I believe the project has done in 2 years more than others in 4-5. They are active and very polyvalent on multiple platforms of communication but community has to step in as well not check charts all day. Anything that grows healthy needs time. Keep up the amazing work!
    1 point
  16. Hello. The Elrond forum is not dead, is at the beginning of the journey, from my point of view. Right now we try to redirect all the interesting technical questions from the Telegram groups to the forum. I hope you will change this belief soon. Thank you for being part of the forum community.
    1 point
  17. I am curious how this will be handled at protocol level. Can someone give me a high level explanation ?
    1 point
  18. Hi, The most important ones are listed to http://elrondpartners.com/ and others will follow.
    1 point
  19. Sent 500xEGLD devnet -> https://devnet-explorer.elrond.com/transactions/4ed12448c66293c94b1cc0f4359c2de1cccf1379fa7949dc6c67dd2854c297be Best regards, Marius
    1 point
  20. Hi Maulik, Meantime please use https://devnet-wallet.elrond.com/dashboard, I tested right now and it's working as expected. Best regards, Marius
    1 point
  21. Good day. Was reading through the delegation documentation and noticed what I'm fairly certain to be an incorrect word: This is on url : https://docs.elrond.com/validators/delegation-manager/#unstaking-nodes Under the heading Unstaking Nodes, the line is: " IMPORTANT "Validators are demoted to validator status at the beginning of the next epoch after unstaking. This means that they stop receiving rewards." I believe the second 'validator' is actually an observer: "Validators are demoted to observer [node] status at the beginning of the
    1 point
  22. Thank you Marius. I appreciate the information.
    1 point
  23. 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
    1 point
  24. Edited my answer to include the first part.
    1 point
  25. 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
    1 point
  26. 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! :)
    1 point
  27. 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
    1 point
  28. 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
    1 point
  29. 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?
    1 point
  30. 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
    1 point
  31. 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
    1 point
  32. 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
    1 point
  33. 1. The queue/waiting list will no longer be incentivized, but at the same time more "seats" will be available for staking and the delegation manager will be available for staking providers. At this point we might see some migration from active delegation and/or waiting list delegation to active delegation for staking providers. The nodes for the community nodes delegation will not be supplemented, so active delegation will only become available on the community delegation smart contract if someone with active delegation withdraws. 2. The option for staking providers to choose differe
    1 point
  34. The deposit will accrue rewards for the SP only if it becomes part of a node stake. If for example the delegation amount + SP deposit <2500 eGLD then it would not receive rewards, as there will be no eligible node to earn rewards. As soon as there is at least one eligible validator with stake from the delegation SC, then the original deposit will also accrue rewards just as you mentioned.
    1 point
  35. Hello @trictrac, According to the source code of the contract, https://github.com/ElrondNetwork/sc-examples/blob/master/erc20-c/erc20.c#L85 it seems that it requires an argument (the total supply) at deploy-time (the init function is executed at deploy-time). You can fix this by providing the argument in the erdpy command, as follows: ... your command ... --arguments 0x0002540be400 Let us know how it goes.
    1 point
  36. For 1 there is also the option for you to not go through the provided delegation manager contract and create your own delegation Smart Contract, where you can set your own rules, no minimum delegated amount from staking provider, etc., but here all the coding/gas optimization/validation/testing/auditing efforts will be on your side, which is really important as the risk for loss of funds in case of bugs is high. We have already spent a lot of time for the coding/testing/auditing etc of the delegation manager system SC and more will follow on the testnet, so for the people that do not have
    1 point
  37. Most probably sometime in February (I estimate end of February - early March). The date is not fixed as we have been focusing mostly on testing the features required for Maiar launch which comes first. The implementation for phase 3 is already done and some testing has been performed but we still need/planned more testing and it also depends on what kind of issues we still find.
    1 point
  38. Actually there is one change, where we plan to remove the maximum number of nodes limit, this is for when we introduce phase 4 staking which was briefly touched in the proposal, but the effect would be that we can have no limit for registering nodes, but in every epoch you would also only have 1600 nodes eligible, out of all registered ones, with a maximum of 20% swap ratio for shuffling, the nodes shuffled into eligible list being the best qualified nodes (considering stake value and possibly rating)
    1 point
  39. As long as we don't change the number of shards, this should stay. Increasing the number of shards will only be triggered when we reach a high enough block fill ratio and implicitly TPS (one block has a capacity of 1.5 *10^9 gas). I would not expect to have the change before we reach ~40% average fill ratio of the block capacity, which would mean 10k-12k regular transactions/block (~6k TPS for the current network setting) It would be amazing to reach this in the next one year, but very difficult. Also unregistering elrond foundation nodes will not affect the maximum number
    1 point
  40. Thank you Adrian, this sounds pretty good and indeed is an elegant solution that will accelerate as well the level of decentralization.
    1 point
  41. my point is to reward more people who are committed to the project, and want to secure the system for the long term. and it's a way to keep gambler away
    1 point
  42. This all really great stuff guys! Excited for this next phase. Few questions / comments from me: 1. Is there an auto compounding feature available? 2. When a node reaches 5000 EGLD is there a mechanism to stake an observer automatically while putting next in line in the validator queue? 3. "Increasing the stake of a node will be possible using eGold from any source, not just Validator rewards". - Love this. No barriers to daily cheap compounding / growth. 4. How much EGLD should we hold in our delegation contract to ensure we are always validating? 5. With delega
    1 point
  43. For the phase 3 staking proposal there is no change in the minimum node price, it is still 2500 eGLD Also no validator can be priced out, as long as they maintain at least 2500 eGLD per node. So although we are increasing the possible amount to stake per node, this is more of an increase in acceptance conditions rather than a change in rejection conditions. Plus, for the extra 500 eGLD you mentioned you have, you can now earn some rewards, even if you do not have enough to register a new node.
    1 point
  44. 1. The APR for validators will remain fixed at 36% as long as number of validators remains fixed at 2169 and the stake per node is fixed, at 2500 eGLD. So during mainnet bootstrapping phases 1 and 2 it will stay like this as the stake and number of validators is fixed. Phase 3 and 4 will permit the number of nodes and stake to increase so it means the APR will change as well (as the amount of rewards per year is fixed). 2. The validators queue will follow the same logic as the delegation queue, first come first served.
    1 point
  45. Elrond (ERD) is now listed at cointostake.com (staking statistics, live data, monitoring, POS reward calculator) Elrond staking calculator
    1 point
  46. Thank you for response Richard. I kinda had a feeling that was it. Also, thank you for sharing that Elrond had an active Telegram. I will jump on it. Stay healthy. Regards, TCBTCF
    1 point
  47. Hi, I got this sorted. Saw your post while I was looking for a solution so came back to help you guys. You have to first add Elrond as a token (under Custom) in Metamask. To do this, click Metamask to open it, then click on the three dots to the right, then click View On Etherscan. In the Overview section on Etherscan, use the dropdown box and select Elrond. Then copy the CONTRACT ADDRESS over on the right. Go back to Metamask, scroll down and click Add Token, the select Custom Token. Paste the contract address into the field there, then "erd" in the token symbol field. The re
    1 point
  48. Elrond blueprint wallpaper. All the download links for wallpapers here. Since forum compresses - Full resolution download link: Blueprint - https://i0.wp.com/tarantulo.lt/wp-content/uploads/2019/09/The-Erlond-blueprint.jpg Rasperry Pi - https://i0.wp.com/tarantulo.lt/wp-content/uploads/2019/09/Erlond-rasberry-4k-Dark.jpg Bubbles wallpaper - https://i0.wp.com/tarantulo.lt/wp-content/uploads/2019/09/Elrond-desktop-4K.jpg
    1 point
  49. Week #40 | Monday, September 30 – Sunday, October 6, 2019 1. Preparations for the Battle of Nodes (improvements, bugfixes, benchmarks, tests) 2. Initial implementation of a System VM and smart contract for validator staking, that will allow nodes to join the network real-time, through a fast protocol built-in mechanism 3. VS Code extensions can handle WASM smart contracts written in C and Rust. Work in progress to enable debugging of such code i
    1 point
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