Cosmos
$3.03 7.46%
ATOM · 7w

Lunie Staking Guide — Terra

Additional Considerations When Picking A Validator

Note — Lunie is not a validator any Proof of Stake blockchains — therefore we have no objective benefit to recommend one validator service over another — we simply offer the clearest indicators possible of what a validator’s performance is and the rest of the judgement will fall on the user. As always, we are happy to field any questions you might have about this process and are open to feedback.

Slashing Risks — Staking on the Terra protocol comes with some risks of loss of funds. If a validator messes up by double signing, the validator and those who stake with them will be slashed 5%. If a validator experiences significant downtime or does not participate in the oracle process, the slash will be less severe at 0.01%.

Rewards Calculation

Lunie offers an easy to understand rewards estimate for each eligible validator on the network. This calculation is based on:

The total annual validator rewards (voting power * annual provision — which is a variable defined in the protocol) Subtracting the validator’s commission from the annual calculation Assuming a 1 LUNA token staked which will receive a percentage of the available rewards Based on how many tokens are already staked with that validator

These rewards figures do not represent the compounding effect of rolling earned rewards back into the existing staked balance over time.

This rewards estimate is only a rough idea of what a token holder can expect over the course of a year and is subject to change. Validators can adjust their commission rates, experience downtime or cause a slashing event to occur.

Managing Staking Rewards

As with other networks built using the Cosmos SDK, Terra rewards, which are a mixture of LUNA and a variety of stablecoins, must be claimed with a “claim transaction.” Your balance will be updated after the claim to show exactly how much of each asset you now have in your available balance.

...
Continue on medium.com
Recent news
ATOM +7.46% · cryptosyringe.com · 6h

Top Things You Should Know About Cosmos (ATOM)

Cosmos is a cryptocurrency and blockchain project building blockchain infrastructure and protocols that enables an ecosystem of blockchains to scale and interoperate with each other. Cosmos is an incr...
ATOM +7.46% · meetup.com · 15h

Cosmos Unchained: Cosmos vs Ethereum 2.0

Tue, Jun 16, 2020, 4:00 PM: In this live meetup join Chjango Unchained, Sunny Aggarwal, and Danny Ryan to discuss the differences between Cosmos and Ethereum 2.0.SPEAKERS1. Chjango Unchained - Directo