Over-delegation and self-bond requirements for bakers and delegators
We are one of the few (probably only) baker that uses the Nano Ledger S [Baking application](https://gitlab.com/obsidian.systems/tezos-baking-platform) to prevent double-signing on the secure element of the HSM instead of the host. Even if all our servers got compromised it would still be *impossible for the attacker to cause us to double-sign*.
We charge a small *10% fee and pay compounding interest on all delegation rewards*.
Furthermore, we will *increase our self-bond as more and more public delegation* reaches us, since we want the least amount of XTZ at risk as possible.
**Self-bond requirements for Cycle 11 for Cryptium Labs**
Percentage of XTZ staked: 36% (278,360,000/763,306,930)
Time-based self-bond requirement: 1.51% (0.1375\*11)
**Baker (global) self-bond requirement: 4.19% (1.51/0.36)**
Cryptium Labs self-bond: 20,000 XTZ
Cryptiun Labs delegation: 402,619 XTZ
Cryptium Labs staking balance: 422,619 XTZ
**Cryptium Labs maxiumum delegation: 477,326 XTZ (20,000/0.0419)**
This means that currently Cryptium Labs has a self-bond of 4.9% (20,000/402,619) and hence is not over-delegated. We could receive up to 477,326 XTZ in on-chain delegation.
At cycle 11 all bakers only need to have a self-bond of 4.19% before they are over-delegated.
I hope that this gives everyone, delegators and bakers, a better understanding of what the self-bond requirements are.
If you have any questions around delegation, baking, Tezos, Michelsson (the smart contracting language) or anything else related to Tezos, please feel free to connect with us.
Feedback and discussions are welcomed and encouraged.
To reach out to us:
More info about Cryptium Labs:
* 10% realised delegation fee
* Compounding interest paid for all delegation
* Rewards are paid every cycle
* Run by core developers and researcher
* Will self-bond more as we become over-delegated
^(1) [http://www.mytezosbaker.com/](http://www.mytezosbaker.com/) \- I don't actually know any ranking site that doesn't use this faulty metric...
The parties in the Tezos litigation in ND Cal agree to compete private ADR by May, 2019. Judges usually push parties to talk settlement and this kind of stipulation can be just a way of showing the c...