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Delegation: Difference between revisions
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'''Delegation performs several important functions on the network''': | '''Delegation performs several important functions on the network''': | ||
1. '''The power | 1. '''The voting power''' | ||
By delegating funds, each user increases the validator's stake. The larger the total stake of the validator, the higher it rises in the rating of validators. In case of changes on the blockchain, the proposal put to the vote by the developers is accepted by the first nine validators in terms of voting power. | By delegating funds, each user increases the validator's stake. The larger the total stake of the validator, the higher it rises in the rating of validators. In case of changes on the blockchain, the proposal put to the vote by the developers is accepted by the first nine validators in terms of voting power. | ||
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The delegation fee is 200 units, which is equal to 0.2 DEL. | The delegation fee is 200 units, which is equal to 0.2 DEL. | ||
== What if the validator goes offline? == | |||
If, for any reason, the validator's node is disconnected for a long period of time or permanently, rewards will not be accrued. However, all delegated funds remain delegated until the delegator creates an "undelegation transaction". After that, the funds will be reflected in the balance after 432,000 blocks (~30 days). | |||
== How to choose a validator? == | |||
{{Main article|Instruction:How to choose a validator}} | |||
Before delegating your funds, it is necessary to choose a validator based on various criteria: | |||
'''Validator's fee.''' | |||
It doesn’t matter to whom specifically you delegate your funds — you will receive the same reward. However, each validator can set their commission from 0 to 100 % of the rewards paid to their delegators. Once the validator’s node is launched, the commission cannot be changed, so it is more beneficial to choose a validator with the lowest commission. | |||
'''Validator reliability.''' | |||
A validator invests real money in servers and other conditions for uninterrupted internet connection because otherwise, they will lose their profit and the profit of their delegators due to penalties. It is important to approach this issue seriously and study the history of penalties received by the validator (if any), as well as information about the technical and software equipment of the node. | |||
'''Bonuses, promotions, cashbacks'''. | |||
To attract delegators to their node, each validator can offer various bonuses, such as cashback in the form of daily commission refunds to the delegator's account. | |||
== How many coins to delegate? == | |||
Each validator has 1000 [[slot|slots]] for delegation. Each individual slot is intended for placing funds from 1 delegator in a separate coin. For example, if a delegator sends 2 amounts: 1000 DEL and 1000 SOMEcoin, they will occupy 2 slots. If a delegator sends 1000 DEL first and then another 2000 DEL, these coins will be summed up in 1 slot. | |||
All slots are sorted by size in terms of DEL. Once all 1000 slots of a validator are occupied, there is a restriction on the amount of delegated funds. Any new 1001st delegator cannot delegate an amount less than the sum in slot #1000. When a new delegator sends an amount greater than in slot #1000, their funds take their place, displacing a smaller stake. The funds from slot #1000 will be undelegated and instantly returned (unlocked) to the delegator's account. | |||
[[File:Wiki-2020-09-03_18-11-07.png|700px|thumb|left]]<br clear="all"> | |||
You can check the information about the number of occupied slots by validators in the [[Decimal console|console]]. Go to the [[Decimal Explorer|Explorer]], select the '''Validators''' tab — there you will see a list of all validators and information about them. | |||
== See also == | == See also == | ||