I appreciate your kind words mate! And I am happy to hear that you find it useful.
See it as birthday present
Happy birthday
I appreciate your kind words mate! And I am happy to hear that you find it useful.
See it as birthday present
Happy birthday
Thank you for the wishes!
Thanks for the manual, I read it and have 2 quick questions:
thank you
You’re welcome mate. To answer your questions:
The main difference between those two tabs is, that in the Staking Overview, you can click on each validator individually to see their nominators, including the nominators’ stake (which is the information you want to know to figure out how much (more) CFG you need to stake in order to get rewards from a particular validator). The Target tab gives you more information about the APY for validators but note that the calculation of staking rewards takes many factors into consideration, so you can’t trust it 100%. But both tabs display a lot of the same information though.
Yes, that is correct. You need to have more staked than the amount in shown in red but ALSO more than the nominator listed number 128 on the list. Then you will take their place and push them down the list so they will not receive rewards from that validator.
Hope that clears things out a bit.
Thanks. Just gave it a go and bonded per your suggestion, however, its as an inactive nomination. I presume the era has to close before this becomes active, or am I incorrect?
Yes, your stake will become active in the next era, and you will get your first rewards in the era after that.
As illustrated here:
The era closed, and now I see another message, what does this mean? Am I earning rewards?
Hi prankstr25.
Check out this blog post how to track your staking rewards
It seems that this particular validator didn’t get enough nominations (CFG) to get in the active validator set. Just like nominators compete to be in the top 128 to get rewards from a validator, validators are also competing to be in the top 55 in the validators list.
Only the top 55 validators with the most CFG staked will get in the active validator’s list to get rewards. Your validator currently seems to not be in the top 55 - that is what the warning is saying. So no, you are not earning rewards right now - try nominating other validators instead.
Thanks @Rhano and @Tjure07 for your help, I have been staking for about a month now, went in to check the stats, and it looks like my annualized return is <10%. Trying to figure out what is wrong, as I see a return of >20% displayed in the UI, would you mind helping with a couple questions:
Thank you so much for your help!
Hi @prankstr25, to answer your questions:
You can change the settings so it displays what you want to see. See the screenshot below as an example.
I believe that the numbers in the “return” column displays the current apy. However, note that the apy fluctuates and these numbers are not 100% accurate as the actual apy depends on several factors, e.g. validator’s commission fee, validator’s own stake, total stake in the pool, your stake as a proportion out of the whole stake, validator’s era points etc. Since all of these constantly change, the apy will never stay the same and thus difficult to display an exact number.
The commission fee is set by the validator (they can change it when they want) and the way it works is that once the validator receives their reward every era, they first take out their commission fee and THEN distribute the remaining among the validators, which is done pro-rata (your proportion of the rewards = your stake/total stake in the pool)
This visualization pretty much sums it up:
Unfortunately, I am not familiar with a way to see specifically which validators the rewards come from in Subscan.
Hopefully that answers (some of) your questions.
In addition to @Rhano’s answers:
Thank you both once again, appreciate it.
I have another question, not sure if this is a result of recent migration, but we have stopped accumulating staking rewards about 2 weeks ago. I see the same amount staked and active nominations, but rewards are not coming in. Was I supposed to make do anything in light of the recent migration?
Good evening Prankstr25
Staking has ceased to exist after migration. Because we are already the parachain and security of network now will be guarantee by Polkadot (we don’t need any more validators).
All your tokens were unbounded after migration and you can find them here:
First of all, I would like to invite you to read our Road Map here:
4: CFG Token Utility
Well…Validators will be replaced by Collators and the onboarding process is just around the corner.
About utility, pools, staking and something more…
Cassidy last week opened RFC:
Jump in and write what you think about this.
I see. So are the tokens that were previously bonded now transferable? I dont need to do anything?
Yes.Correct. Tokens were unbounded and now they are ready to be transferred.
OK, thank you! And finally, are there any changes to the either the CFG token or the bridge to wCFG as a result of the new chain?
After the migration to parachain, there are some minor changes as to how to see your tokens, transfer them, participate in governance etc. in the portal. You can find information regarding that here.
There was an update to the bridge were the funds were moved from the old bridge to the new bridge. The referendum passed and bridge should now work as intended (same way as earlier). The forum post about that is here.
Topic closed because staking ceased to exist on Centrifuge chain