Nucypher NuCypher Brief Overview

<p>NuCypher is a decentralized secret management network where a group of nodes (workers) perform proxy re-encryption to manage permissions on encrypted data instead of a centralized server. It allows safe data exchange without ability for proxies to learn the plain text info. Correctness of worker behavior is guaranteed by staking and cryptographic proofs. Additional token emission incentivizes node operators to maintain high availability infrastructure and in the case of network rules violation a portion of their holdings will be slashed.</p><h3 id="current-state-and-market-potential"><strong>Current state and market potential</strong></h3><p>NuCypher mainnet successfully launched on 15th October 2020 allowing token holders to stake their NU.</p><p>Privacy of sensitive data is a vexed problem and services provided by NuCypher project are attractive and valuable not only in crypto space. The highest growth of<a href="https://www.statista.com/statistics/798564/number-of-us-residents-affected-by-data-breaches/"> data breaches in USA</a> was in the healthcare sector demonstrating 80% increase from 2017 to 2019 including the transmission of confidential data without proper encryption.</p><p>Enterprises also are seeking ways to avoid data leaks and securely manage and share sensitive data.<a href="https://www.marketresearchfuture.com/reports/key-management-service-market-8188"> The Global Key Management as a Service Market</a> market size is expected to grow from $363 million in 2018 to $1,28 billion by 2023 and is estimated to reach $2,29 billion by 2025 during the period 2019–2025.</p><h3 id="token-allocation"><strong>Token allocation</strong></h3><p>NuCypher raised $750k in 2016 ; $4.3 million in 2017 and $10,7 million in 2018. The overall token allocation showed in a diagram below.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/10/image-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/10/image-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/10/image-2.png 1000w, https://economy.p2p.org/content/images/2020/10/image-2.png 1600w" sizes="(min-width: 720px) 720px"></figure><h3 id="staking-economics"><strong>Staking economics</strong></h3><p>In order to participate in the network as a worker and perform re-encryption, node operators have to lock NU tokens. At the start rewards from providing re-encryptions might be low so until the project gets traction, node operators will be incentivized mostly by emission of new tokens. <strong>Holders can delegate their funds and earn a share of rewards in proportion to their stake.</strong></p><p><strong>Compensation is higher when tokens are locked for a longer period.</strong> To get maximum compensation stakers have to lock their funds for at least a year to be allowed to accept policies with longer terms. Shorter commitment will result in lower rewards for participants and they will not be allowed to provide re-encryption if the length of a particular policy is higher than chosen lock-up period. <strong>Staking since the beginning of mainnet with compounding of rewards also will result in higher returns.</strong> The whole stake can be split into sub-stakes where each will have its own lock-up period.</p><p>In existing representation only one staker can delegate to a worker in near future, staker can be a smart contract that accepts delegations from various addresses. We believe in future adoption of NuCypher and will provide the long term staking maximizing staking rewards.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/10/table-14.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/10/table-14.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/10/table-14.png 1000w, https://economy.p2p.org/content/images/2020/10/table-14.png 1368w" sizes="(min-width: 720px) 720px"></figure><h3 id="native-token"><strong>Native token</strong></h3><p>NuCypher token NU is ERC20 token the main purpose of which is to act as a staking token in the network with limited liquidity and low volatility. Amount of provided re-encryptions will be proportional to stake which is guaranteed to be locked at the end time of the policy. Node operators with higher stake presuming higher loss in case of bad behavior and ability to accept policies with longer terms.</p><p>NuCypher based on Ethereum blockchain means that users should have ETH on the worker node’s address to pay tx fees. Workers also share service fees paid by end users in ETH for providing re-encryptions.</p><p>Over 350 000 ETH were locked in the smart contract by participants to take part in<a href="https://blog.nucypher.com/the-worklock/"> WorkLock token distribution model</a> proposed by NuCypher team.</p><h3 id="slashing-risks"><strong>Slashing risks</strong></h3><p>There are two potential slashing conditions:</p><ul><li>Providing incorrect responses</li><li>Continuous downtime</li></ul><p>At network genesis, the protocol will be able to detect and attribute instances of incorrect re-encryptions. If there are many sub-stakes and misbehavior occurs, unlocked tokens which do not participate in staking will be slashed in the first place and then ascending sub-stakes with lower lock-ups.</p><p>A false re-encryption is not like a double-sign. Correctness of a re-encryption can be proved via a zero-knowledge proof. If users receive incorrect re-encryption, they can provide this proof to the network, which will result in the node getting slashed. <strong>For each violation, 2×10−18 NU tokens will be deleted from the offender’s stake</strong>. <br><br>In the future, slashing parameters can be changed by the Decentralized Autonomous Organization (DAO) that is managed by NU stakeholders who operate nodes. It makes NuCypher a community driven project from the very beginning.</p><p>At network launch slashing for worker unavailability is turned off until it will be enabled by the DAO if needed. <strong>Stakers will not receive inflation rewards for any period the node is offline</strong>. A worker that doesn't timely apply updates and constantly experiencing downtime will also miss rewards.</p><h3 id="about-p2p-validator">About P2P Validator</h3><p><a href="https://p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $200 million by over 2000 delegators across 15+ top-notch networks. Our team has close connections with NuCypher and we have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in NuCypher project in 2017 and intends to support the network in the long term.</p><h3 id="useful-nucypher-resources"><strong>Useful NuCypher resources</strong></h3><ul><li>Website:<a href="https://www.nucypher.com/"> https://www.nucypher.com/</a></li><li>Github:<a href="https://github.com/nucypher/"> https://github.com/nucypher/</a></li><li>Docs:<a href="https://docs.nucypher.com/en/latest/"> https://docs.nucypher.com/en/latest/</a></li><li>Whitepaper Technical:<a href="https://github.com/nucypher/whitepaper/blob/master/whitepaper.pdf"> https://github.com/nucypher/whitepaper/blob/master/whitepaper.pdf</a></li><li>Blog:<a href="https://blog.nucypher.com/"> https://blog.nucypher.com/</a></li></ul><hr><p><em>Want to stake NU with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.</em></p><hr><ul><li><strong>Stake NU with us:</strong> <a href="https://p2p.org/nucypher">https://p2p.org/nucypher</a></li><li><strong>Web:</strong><a href="https://p2p.org"> https://p2p.org</a></li><li><strong>Twitter:</strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></li><li><strong>Telegram:</strong><a href="https://t.me/p2pvalidator"> https://t.me/p2pvalidator</a></li></ul>

Alex Bond

from p2p validator

Oasis Oasis brief overview

<p>Oasis protocol is a decentralized privacy-preserving platform for cloud computing that allows safe data sharing and ownership enabling computationally complex applications. Oasis provides confidentiality at every layer of the protocol. The network is secured by proof-of-stake where the rectitude of validators responsible for consensus and nodes providing computations is provided by slashing in case of misbehavior. At the outset, validators are incentivized by gradually decreasing emission schedule and transaction fees.</p><h3 id="current-state-and-market-potential"><strong>Current state and market potential</strong></h3><p>Oasis team plans to launch Mainnet Beta (fully featured network with disabled transfers) soon after Mainnet Dry Run that is launched to ensure that the network is healthy.</p><p><a href="https://www.gartner.com/en/newsroom/press-releases/2019-04-02-gartner-forecasts-worldwide-public-cloud-revenue-to-g">Gartner projects</a> the market size and growth of the cloud services industry at nearly three time the growth of overall IT services by 2022. According to <a href="https://www.idc.com/getdoc.jsp?containerId=prUS45340719">IDC forecast</a> worldwide spending on public cloud services and infrastructure is set to double growing from $229 billion in 2019 to almost $500 billion by 2023.</p><p>At the same time more data is stored in the clouds posing higher security and privacy risks which are the most concerning for data owners. The danger of cloud breach <a href="https://leftronic.com/cloud-computing-statistics/">has increased by 18.4% since 2016 while 60% of companies</a> use cloud technology to store confidential data.</p><p>Oasis team addressed privacy issues by implementing<a href="https://docsend.com/view/3aznduk"> Ekiden</a> that allows nodes to perform computations off-chain in a trusted execution environment without access to the data itself.</p><h3 id="token-allocation-and-purpose"><strong>Token allocation and purpose</strong></h3><p>Oasis Labs raised $45 million. The overall token allocation presented in the graph below. Total supply is capped at 10 billion ROSE. For staking rewards foundation allocated ~2 billion ROSE.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/token-dist-oasis-pie.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/token-dist-oasis-pie.png 600w, https://economy.p2p.org/content/images/2020/09/token-dist-oasis-pie.png 695w"></figure><p>Oasis native token is a staking unit with limited liquidity and low volatility serving the purpose of securing the network and incentivizing nodes to follow the protocol rules. Transaction fees are also denominated in ROSE as well as a payment for provided computations after this feature will be enabled.</p><p>There will be no public sale due to regulation risks. To acquire tokens you should wait for official announcements from the Oasis team and listing on exchanges.</p><h3 id="staking-economics"><strong>Staking economics</strong></h3><p>Oasis currently uses Tendermint consensus. Nodes performing confidential computations utilize TEEs to execute smart contracts and do not have access to the data itself while validators finalize transactions and update the state of the blockchain. Oasis network will launch with a focus on the consensus layer of the protocol. <strong><strong>To begin with, rewards from staking will be </strong>~<strong>15% and then  decrease to 1</strong>2<strong>%</strong> in six month.</strong> Holders can delegate their funds increasing overall security of the network and earn a share of rewards in proportion to their stake. There is a minimum required delegation of 100 tokens. Staking since the beginning of mainnet will result in higher returns for delegators.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/table-8-1--1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/table-8-1--1.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/table-8-1--1.png 1000w, https://economy.p2p.org/content/images/2020/09/table-8-1--1.png 1368w" sizes="(min-width: 720px) 720px"></figure><h3 id="slashing-risks"><strong><strong>Slashing risks</strong></strong></h3><p>At the time of mainnet launch, the protocol will slash <strong><strong>only for double-signing</strong></strong>. At the start the <strong><strong>minimum amount of 100 tokens will be slashed</strong></strong> and node functioning stopped in order to prevent the node from being over-penalized and resulting in losing delegations. Validators will have to change operating address and attract delegations to participate in consensus. There is <strong><strong>no slash for liveness or uptime at launch</strong></strong>, but a node would need to sign at least 75% of blocks in the epoch to receive corresponding rewards.</p><h3 id="about-p2p-validator"><strong><strong>About P2P Validator</strong></strong></h3><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $200 million trusted by over 2000 delegators across 15+ top-notch networks. Our team has close connections with Oasis team and we have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in Oasis project and intends to support the network in the long term.</p><h3 id="useful-oasis-resources"><strong><strong>Useful Oasis resources</strong></strong></h3><p>Website:<a href="https://www.oasislabs.com/"> https://www.oasislabs.com/</a></p><p>Github:<a href="https://github.com/oasislabs"> https://github.com/oasislabs</a></p><p>Docs:<a href="https://docs.oasis.dev/overview.html#what-is-oasis"> https://docs.oasis.dev/overview.html#what-is-oasis</a></p><p>Whitepaper:<a href="https://docsend.com/view/grdq39h"> https://docsend.com/view/grdq39h</a></p><p>Non-tech paper:<a href="https://docsend.com/view/5uuhcj3"> https://docsend.com/view/5uuhcj3</a></p><p>Blog:<a href="https://www.oasislabs.com/blog"> https://www.oasislabs.com/blog</a></p><hr><p><em><em>Want to stake Oasis with us? </em>Paul <em>will be happy to help. Contact</em></em> <em>p.pavlov<em>@p2p.org</em></em> <em><em>to get personal assistance.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator"> https://t.me/p2pvalidator</a></p>

Alex Bond

from p2p validator

Avalanche How to delegate your AVAX using Avalanche wallet

<p>Avalabs has just launched its main network so AVAX holders can now participate in staking and earn rewards.</p><blockquote><em><em>Please keep in mind that the data in the screenshots are taken from the test network.</em></em></blockquote><h2 id="what-do-i-need-to-do-to-start-delegating-my-avax"><strong>What do I need to do to start delegating my AVAX?</strong></h2><p>At the time of writing the only known wallet that will support AVAX delegation immediately after Everest starts is the official Avalanche wallet. If you participated in the public sale of Avalanche tokens, you might already have a wallet and certain amount of AVAX (that also could be delegated despite it's locked up) if not, you need to create the wallet first.</p><h2 id="create-your-avalanche-wallet"><strong>Create your Avalanche wallet</strong></h2><ol><li>Go to the <a href="https://wallet.avax.network/">https://wallet.avax.network/</a></li><li>Choose the <code>Create new wallet</code> option.</li><li>Generate a 24 word key phrase for your wallet. Please be very careful since this phrase is the only way to keep control of your AVAX.</li><li>Once the wallet is ready you can deposit AVAX to start delegation.</li></ol><p><em>We recommend using the keystore file which is an encrypted version of a private key protected by your password, since it’s secure and convenient to use.</em></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-17.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-17.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-17.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/1-17.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/1-17.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="delegate-your-avax-to-a-validator"><strong>Delegate your AVAX to a validator</strong></h2><p>1. Open your wallet using the key phrase or keystore file.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-21.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-21.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-21.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/2-21.png 1600w, https://economy.p2p.org/content/images/2020/09/2-21.png 1654w" sizes="(min-width: 720px) 720px"></figure><p>2. Check whether you are connected to the main network called "Manhattan".</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/Screen-Shot-2020-09-22-at-10.36.48.png" class="kg-image" alt></figure><p>3. Check the balance. You will find the amount of available funds in the asset list on the <code>Portfolio</code> tab.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/4-13.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4-13.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/4-13.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/4-13.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/4-13.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>4. Go to the <code>Earn</code> tab and use <code>Cross Chain Transfer</code> to send the necessary amount of AVAX to the Platform chain (P-Chain) to make the delegation possible. Please keep in mind that the minimum amount for delegation is 25 AVAX.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5-7.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5-7.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5-7.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/5-7.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/5-7.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>5. Once you see the correct amount of AVAX under the P-Chain, you can proceed with the delegation by clicking the <code>Add Delegator</code> button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/6-4.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/6-4.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/6-4.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/6-4.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/6-4.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>6. Now you have to choose a pool to delegate with. To stake with P2P just copy the Node ID and paste it in the search field.<br><br><strong>Node ID:</strong> <code>NodeID-7CCynVtyQVRBTCjzpfrsrSuaCTjXw7o3G</code> <br><strong>Delegation Fee:</strong> 8%<br><strong>End time</strong>: Sun, Dec 20, 2020<br><strong>Saturation point:</strong> 3M AVAX <br>Where saturation point is the total amount of stake that the node can accept.</p><p>7. Click the <code>Select</code> button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/71.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/71.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/71.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/71.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/71.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>8. On the next page, specify the staking period, staking amount and rewards address. You will see the possible rewards by changing the amount and/or period.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/8-6.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/8-6.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/8-6.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/8-6.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/8-6.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>9. Click <code>Confirm</code> and check the stake parameters again.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/9-7.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/9-7.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/9-7.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/9-7.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/9-7.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>10. Finally, click the <code>Submit</code> button. You will get a success message.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/10-5.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/10-5.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/10-5.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/10-5.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/10-5.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="how-to-track-the-delegated-stake"><strong>How to track the delegated stake?</strong></h2><p>There is a "Estimated Rewards" tab in the Avalanche web wallet that shows your delegation history. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/image-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/image-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/image-2.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/image-2.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/image-2.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="why-p2p"><strong>Why P2P?</strong></h2><ul><li><a href="https://p2p.org/">P2P Validator</a> is a world-leading <strong><strong>non-custodial staking provider</strong></strong> with the best industry practices and proven expertise.</li><li>We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than <strong><strong>250 million of USD</strong></strong> value. At the time of publishing, P2P Validator is <strong><strong>trusted by over 2400 delegators</strong></strong> across 15+ networks.</li><li>We are a major player in all networks we support because of our experience, commitments and our <strong><strong>reputation</strong></strong>. We pay special attention to the process of <strong><strong>governance</strong></strong>.</li><li>Our aim is to provide a secure and reliable service at the lowest cost <strong><strong>maximizing rewards for our delegators</strong></strong>.</li></ul><hr><p><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram</a> chat or contact Slava via [email protected] We are always open for communication.</em></p><hr><p><strong><strong>Web:</strong></strong> <a href="https://p2p.org/">https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong> <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Slava Yanchuk

from p2p validator

Solana, Serum P2P Validator Joins Serum Project as a Node Operator

<p>This year has been marked by the surge of decentralized finance (DeFi) and rise of a value locked through Uniswap - an automated market maker. Despite this, notable limitations like slow transaction processing, a spike in gas prices and the absence of trustless cross-chain swaps still exist, aggravating user experience.</p><p>Serum is going to eliminate these limitations of DeFi space. It is a <strong><strong>trustless decentralized exchange by design</strong></strong> built on top of Solana blockchain implying low latency and high transaction speed. Serum has <strong><strong>cross-chain support</strong></strong> and does not rely on centralized price feeds. <strong><strong>It is fully interoperable with Ethereum ecosystem</strong></strong> and provides the same trading experience that users get on centralized platforms by being the first high-throughput exchange that has a fully <strong><strong>on-chain orderbook and matching engine</strong></strong>.</p><p>Due to impressive performance qualities <strong><strong>Serum can become a foundational block for DeFi</strong></strong>.</p><p><em><em>With that in mind, P2P Validator is thrilled to announce the launch of Serum node with the mission of fostering DeFi growth and supporting censorship-resistance of value exchange.</em></em></p><p>Our team has extensive experience in setting up secure infrastructure. <strong><strong>P2P Validator maintains high-availability nodes and provides secure staking services for the most groundbreaking projects in the blockchain space</strong></strong>. We are an early Solana investor and active contributor operating a robust validator for mainnet beta. The node infrastructure is under advanced monitoring with 24/7 technical support, backups and alerts.</p><h3 id="about-serum"><strong>About Serum</strong></h3><p><a href="https://projectserum.com/">Serum</a> is a trustless decentralized exchange that enables seamless cross-chain trading and outstanding user experience. It allows fast order placement and on-chain order matching overcoming existing limitations in the space. It was founded by a group including team members from<a href="https://ftx.com/"> FTX</a> and<a href="https://www.alameda-research.com/"> Alameda Research</a> supported by advisors from Compound, BitMax, TomoChain and other notable projects. The list of partners include: Aleph.im, BitMax, FTX, Kyber Network, Leminscap, Multicoin Capital and many other well-established companies.</p><p>Learn more by visiting the<a href="https://projectserum.com/"> Serum Project website</a>,<a href="https://twitter.com/ProjectSerum"> Twitter</a> or<a href="https://t.me/ProjectSerum"> Telegram</a>. To discover Serum ecosystem visit<a href="https://serum-academy.com/en/"> Serum Academy</a>. If you’re a developer, read a technical<a href="https://docs.google.com/document/d/1isGJES4jzQutI0GtQGuqtrBUqeHxl_xJNXdtOv4SdII/edit#"> introduction to Serum</a> and join the discussion on<a href="https://discord.com/invite/MxZFT4v"> Discord</a>.</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=serum_intro">P2P Validator</a> is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of publishing, <strong><strong>more than 200 million of USD value is staked with P2P Validator by over 2000 delegators across 15+ networks.</strong></strong> We are early Solana investors and contributors having a goal to provide the long term support for the ecosystem.</p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=serum_intro"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram: </strong></strong><a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Alex Bond

from p2p validator

Polkadot P2P.ORG received grant for Multi-blockchain ETL for Polkadot and Filecoin

<h4 id="7th-september-2020-p2p-validator-is-delighted-to-announce-their-grant-work-on-connecting-the-polkadot-and-filecoin-ecosystems-by-creating-an-etl-solution-with-unified-api-together-with-web3-foundation-and-protocol-labs-"><strong>7th September 2020 - P2P Validator is delighted to announce their grant work on connecting the Polkadot and Filecoin ecosystems by creating an ETL solution with unified API , together with Web3 Foundation and Protocol Labs.</strong></h4><p>Over the past few years, the world has seen the rise of blockchain interoperability; with the attraction DeFi tools and platforms are getting nowadays, the idea of making the blockchain world more interoperable has become ingrained. The blockchain ecosystem has already attracted thousands of software developers working on different things - applications, wallets, dashboards, explorers - but by inserting interoperability into this equation brings an additional challenge.</p><p>Imagine a situation where a user moves a chain A asset through bridge B to parachain X to open a Collateralized Debt Position (CDP), then uses received stablecoin to long a synthetic asset from parachain D on a margin trade chain E. Ten years ago this could sound like nonsense - but this is a reality now. To make efficient applications that would allow this behavior - the developers need appropriate tools.</p><p><em><em>"Default blockchain node interfaces are usually unsuited for complex or historical data queries. That makes building application on top of blockchains a complicated affair - you need to build your own data layer first. Interchain communication aggravets that problem even more"</em></em>, says Vasiliy Shapovalov, CTO of P2P Validator. <em><em>"Our goal is to exctract, clean, enrich, transform, and serve the blockchain data in way that will allow users to to merge several application-specific interchain requests in the single one."</em></em></p><p>To begin this journey, we've decided to create an ETL solution for blockchains with a GraphQL API for the collected data. The solution aims to add value and decrease development costs for every company or individual who is working on application development. GraphQL as an API query language has been chosen to unify the data interface to simplify the development process and provide the best quality real-time data for applications.</p><p>As a validator, we have a unique opportunity to develop such a system:</p><ul><li>we have developed our dashboards and other tools that require a deep dive into specific blockchain's architecture</li><li>blockchain node management does not add costs to the solution as we already maintain them</li><li>we are familiar with a variety of blockchains</li><li>we are trusted by more than 2000 users staking their assets with us</li></ul><p>Although our ultimate goal is to provide a high-quality data source for lots of blockchains, we've chosen Polkadot and Filecoin to be the pioneers in this project. We would love to see services that would utilize this solution and supply a justified demand for more blockchains to be added as data sources.</p><p><em><em>“We are excited to work together with Protocol Labs and P2P validator to create an interoperability-first data warehouse across all kinds of different blockchains. This will make it easier to integrate with different blockchains and ultimately help the entire ecosystem ”</em></em>, says David Hawig, Grants Lead at Web3 Foundation.</p><p><em><em>"In collaboration with Web3 Foundation we’re delighted to support P2P Validator as they build an ETL solution to simplify the process of building wallets, dashboards, explorers and apps that interact with multiple blockchains connected through interchain communication protocol"</em></em>, says Eva Shon, Grants Coordinator at Protocol Labs.</p><p>Stay in touch with us and visit our website and GitHub to know more!</p><h3 id="about-web3-foundation"><strong>About Web3 Foundation</strong></h3><p><a href="https://web3.foundation/">Web3 Foundation</a> funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland, by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation's flagship project.</p><h3 id="about-protocol-labs"><strong>About Protocol Labs</strong></h3><p><a href="https://protocol.ai/">Protocol Labs</a> is an open-source research, development, and deployment laboratory. Protocol Labs' projects include IPFS, Filecoin, libp2p, and many more. Protocol Labs aim to make human existence orders of magnitude better through technology.</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=announcement&amp;utm_campaign=polkadot_grant_announcement">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 300 million of USD value. At the time of publishing, P2P Validator is trusted by over 2000 delegators across 15+ networks.</p><p></p><hr><p></p><p><strong>Web</strong>: <a href="https://p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2P/polkadot"><a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></a></p>

Gleb Palienko

from p2p validator

Cardano How to delegate your ADA with Ledger Nano S/X

<h1 id="how-to-delegate-your-ada-with-ledger-nano-s-x"><strong>How to delegate your ADA with Ledger Nano S/X</strong></h1><p>This guide will walk you step-by-step through the process of delegation in Cardano using the ledger device.</p><hr><p>First of all <a href="https://support.ledger.com/hc/en-us/articles/360006395553">download ledger live app</a> on your device, connect the ledger and <a href="https://support.ledger.com/hc/en-us/articles/360002731113">make sure it is up to date</a> with the actual version of firmware. Install Cardano app and check that the corresponding icon has appeared on the display of your ledger.</p><p>1. Go to <a href="https://adalite.io/">https://adalite.io/</a> and select hardware wallet as the preferred access method.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/mPTCCKj.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/mPTCCKj.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/mPTCCKj.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/mPTCCKj.png 1600w, https://economy.p2p.org/content/images/2020/09/mPTCCKj.png 2048w" sizes="(min-width: 720px) 720px"></figure><p>2. Press <code>Unlock with Ledger</code> button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/YaJ8NQZ.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/YaJ8NQZ.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/YaJ8NQZ.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/YaJ8NQZ.png 1600w, https://economy.p2p.org/content/images/2020/09/YaJ8NQZ.png 2274w" sizes="(min-width: 720px) 720px"></figure><p>3. Select the Cardano icon in your ledger and confirm the export of the address.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2aS4nQW.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2aS4nQW.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2aS4nQW.png 1000w, https://economy.p2p.org/content/images/2020/09/2aS4nQW.png 1058w" sizes="(min-width: 720px) 720px"></figure><p>4. Confirm the export of your keys with ledger. You may be asked to repeat the previous step and do it once more.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1kroT4z.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1kroT4z.png 600w, https://economy.p2p.org/content/images/2020/09/1kroT4z.png 928w" sizes="(min-width: 720px) 720px"></figure><p>5. Approve the export.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1gkdndG.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1gkdndG.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1gkdndG.png 1000w, https://economy.p2p.org/content/images/2020/09/1gkdndG.png 1196w" sizes="(min-width: 720px) 720px"></figure><p>6. After successful confirmation the wallet info will be available on your device. If you have ADA on your ledger go to step <code>#6</code>. If not, scroll down to the list of your addresses and send ADA to one of them.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/UWZKjSJ.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/UWZKjSJ.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/UWZKjSJ.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/UWZKjSJ.png 1600w, https://economy.p2p.org/content/images/2020/09/UWZKjSJ.png 1850w" sizes="(min-width: 720px) 720px"></figure><p>7. Refresh the balance on the staking tab.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5DVCRGt.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5DVCRGt.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5DVCRGt.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/5DVCRGt.png 1600w, https://economy.p2p.org/content/images/2020/09/5DVCRGt.png 1872w" sizes="(min-width: 720px) 720px"></figure><p>8. In the Delegate stake field you can put our pool ID. <strong><strong>P2P Validator Pool:</strong></strong> <code>33c1bf1a04ba85d8fd6119a08ee7f4ad659add075e2208b28862a2a1</code> Wait for the appearance of pool info as on the screen below and press <code>Delegate</code> button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/fCn2ObX.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/fCn2ObX.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/fCn2ObX.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/fCn2ObX.png 1600w, https://economy.p2p.org/content/images/2020/09/fCn2ObX.png 1882w" sizes="(min-width: 720px) 720px"></figure><p>9. In the confirmation window double check that the pool info is correct. You will need to reserve <strong><strong>2 ADA</strong></strong> to create a staking address on top of the transaction fee. You will be able to return the reserve if you cancel staking and won't be using that address any more. This functionality is currently unavailable in ADAlite wallet. Click <code>Confirm</code> Transaction.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/YViqQLW.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/YViqQLW.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/YViqQLW.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/YViqQLW.png 1600w, https://economy.p2p.org/content/images/2020/09/YViqQLW.png 1666w" sizes="(min-width: 720px) 720px"></figure><p>10. In the following step you will be asked to confirm registration of a staking key and delegation via ledger. On the ledger screen you will see the slot and epoch when the delegation is made. Press <strong><strong>both buttons</strong></strong> to continue.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/aQTqESn.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/aQTqESn.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/aQTqESn.png 1000w, https://economy.p2p.org/content/images/2020/09/aQTqESn.png 1200w" sizes="(min-width: 720px) 720px"></figure><p>11. Confirm the registration of a staking key.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/ghc5AKi.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/ghc5AKi.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/ghc5AKi.png 1000w, https://economy.p2p.org/content/images/2020/09/ghc5AKi.png 1196w" sizes="(min-width: 720px) 720px"></figure><p>12. Confirm the delegation itself. It will become active after two epochs (~10 days). In Cardano there is no slashing so your funds are safe.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/vTe2I2o.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/vTe2I2o.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/vTe2I2o.png 1000w, https://economy.p2p.org/content/images/2020/09/vTe2I2o.png 1194w" sizes="(min-width: 720px) 720px"></figure><p><strong><strong>Congratulations! After completing all the steps you will see the updated info about your delegation in ADAlite wallet.</strong></strong></p><hr><h1 id="about-p2p-org"><strong>About P2P.org</strong></h1><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading <strong><strong>non-custodial staking provider</strong></strong> with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than <strong><strong>300 million of USD</strong></strong> value. At the time of publishing, P2P Validator is <strong><strong>trusted by over 2300 delegators</strong></strong> across 15+ networks. We are a major player in all networks we support because of our experience, commitments and our <strong><strong>reputation</strong></strong>. We pay special attention to the process of <strong><strong>governance</strong></strong>.</p><blockquote><em><em>Our aim is to provide a secure and reliable service at the lowest cost <strong><strong>maximizing rewards for our delegators</strong></strong>.</em></em></blockquote><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram</a> chat or contact Slava via [email protected] We are always open for communication.</p><p></p><hr><p></p><p><strong>Web</strong>: <a href="https://p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Slava Yanchuk

from p2p validator

Cardano When will I start receiving my ADA rewards?

<h1 id="when-will-i-start-receiving-my-ada-rewards"><strong>When will I start receiving my ADA rewards?</strong></h1><p>Many of our community members have been asking around when they could start receiving rewards from delegated stake. And the short answer might be as follows: <strong><strong>you will begin receiving staking rewards three entire epochs after the epoch during which you delegated your ADA.</strong></strong> But let’s take a closer look at the delegation cycle.</p><hr><h2 id="delegation-cycle-explanation"><strong>Delegation Cycle Explanation</strong></h2><p>Below you can find a graph showing the delegation cycle on the <a href="https://cardano.org/">Cardano</a> network.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/ApO8ZLR.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/ApO8ZLR.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/ApO8ZLR.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/ApO8ZLR.png 1600w, https://economy.p2p.org/content/images/2020/09/ApO8ZLR.png 1630w" sizes="(min-width: 720px) 720px"></figure><p>First we need to determine a starting point. For example, <code>P2P</code> stake pool was registered on 11 August 2020. Thus, if you had delegated during the <code>210</code> epoch your stake would have been counted in the snapshot on the <code>210-211</code> epochs boundary.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/2.png 1600w, https://economy.p2p.org/content/images/2020/09/2.png 1630w" sizes="(min-width: 720px) 720px"></figure><p>Once the snapshot is taken, we have to wait for the current epoch to be finished so that the stake becomes <strong><strong>active.</strong></strong> In our case we are going to wait for the <code>212</code> epoch.</p><p>During the <code>212</code> epoch the snapshotted stake becomes <strong><strong>active</strong></strong> and participates in the <strong><strong>block minting process</strong></strong> according to the Ouroboros consensus engine logic.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/3.png 1600w, https://economy.p2p.org/content/images/2020/09/3.png 1630w" sizes="(min-width: 720px) 720px"></figure><p>In the following <code>213</code> epoch, the rewards will be calculated properly according to the stake size of each delegator.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/4.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/4.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/4.png 1600w, https://economy.p2p.org/content/images/2020/09/4.png 1630w" sizes="(min-width: 720px) 720px"></figure><p>Finally, you will be rewarded for your patience on the first day of the next epoch. In the <code>P2P</code> case it will be <code>214</code> epoch on August 28.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/5.png 1600w, https://economy.p2p.org/content/images/2020/09/5.png 1630w" sizes="(min-width: 720px) 720px"></figure><h2 id="takeaways"><strong>Takeaways</strong></h2><ol><li>Cardano is a long term investment so you have to make a decision about delegation/redelegation with caution.</li><li>You can terminate the delegation process at any moment by sending your funds from the staking wallet to a new wallet that wasn’t used for delegation. In this case you will not be rewarded for this epoch.</li><li>Once you make a change, for instance you added new funds to the staking wallet, the added stake will go through the delegation cycle from the very beginning.</li><li>Making change is a simple and safe process as any other normal transaction on the blockchain.</li></ol><hr><h1 id="about-p2p-org"><strong>About P2P.org</strong></h1><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading <strong><strong>non-custodial staking provider</strong></strong> with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than <strong><strong>250 million of USD</strong></strong> value. At the time of publishing, P2P Validator is <strong><strong>trusted by over 2300 delegators</strong></strong> across 15+ networks. We are a major player in all networks we support because of our experience, commitments and our <strong><strong>reputation</strong></strong>. We pay special attention to the process of <strong><strong>governance</strong></strong>.</p><blockquote><em><em>Our aim is to provide a secure and reliable service at the lowest cost <strong><strong>maximizing rewards for our delegators</strong></strong>.</em></em></blockquote><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram</a> chat or contact Slava via [email protected] We are always open for communication.</p><hr><p><strong>Web</strong>: <a href="https://p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2P/polkadot"><a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></a></p><p><br></p>

Slava Yanchuk

from p2p validator

Cardano How to restore your ADA from previous legacy wallets using Daedalus

<h1 id="how-to-restore-your-ada-from-previous-legacy-wallets-using-daedalus"><strong>How to restore your ADA from previous legacy wallets using Daedalus</strong></h1><p>This guide is designed to help you to restore your ADA from legacy Daedalus, Yoroi or Hardware wallets.</p><blockquote><em><em>For those who have the previous Daedalus version wallets installed, there is an import feature which runs automatically and detects installed legacy wallets. Just select the wallets, click the ‘Import selected wallet’ button and follow the instructions.</em></em></blockquote><h2 id="create-a-new-daedalus-wallet"><strong>Create A New Daedalus Wallet</strong></h2><p>First of all, you need to create a new Daedalus wallet to load your funds from a legacy one. Ensure that you have the latest version of the wallet or download it from offical <a href="https://daedaluswallet.io/#download">Daedalus wallet</a> page.</p><p>1. After the sync has reached 100%, go to the dashboard and click the <code>Create</code> button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/1.png 1600w, https://economy.p2p.org/content/images/2020/09/1.png 1909w" sizes="(min-width: 720px) 720px"></figure><p>2. Enter the name and password for the Wallet.</p><p>3. Create a spending password which will be required every time you do a transaction and click <code>Create Shelley wallet</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-1.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-1.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/2-1.png 1600w, https://economy.p2p.org/content/images/2020/09/2-1.png 1909w" sizes="(min-width: 720px) 720px"></figure><p>At the next step, you will be prompted on how to use the 24-word Recovery Phrase. <strong><strong>Read it carefully since if you lose your wallet recovery phrase you will not get a chance to take your ADA back.</strong></strong></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-1.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-1.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/3-1.png 1600w, https://economy.p2p.org/content/images/2020/09/3-1.png 1914w" sizes="(min-width: 720px) 720px"></figure><p>Next, you have to verify the 24-word Recovery Phrase you have just got from the system.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/4-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4-1.png 600w, https://economy.p2p.org/content/images/2020/09/4-1.png 949w" sizes="(min-width: 720px) 720px"></figure><p>Wait for the wallet to be synced and then you can use it for new transactions or for moving your funds from restored legacy wallets.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5-1.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5-1.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/5-1.png 1600w, https://economy.p2p.org/content/images/2020/09/5-1.png 1918w" sizes="(min-width: 720px) 720px"></figure><h2 id="restore-legacy-wallet"><strong>Restore Legacy Wallet</strong></h2><p>1. Click the <code>hamburger</code> icon to open the side-panel and click <code>Add wallet</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/6.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/6.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/6.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/6.png 1600w, https://economy.p2p.org/content/images/2020/09/6.png 1915w" sizes="(min-width: 720px) 720px"></figure><p>2. Click the <code>Restore</code> button and select the type of the wallet. There are quite a few options you can use to restore the funds:</p><ul><li>You can restore your ADA from an older version of Daedalus such as <strong><strong>Bayron legacy, Shelley legacy or Bayron paper wallets.</strong></strong></li></ul><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/7.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/7.png 600w, https://economy.p2p.org/content/images/2020/09/7.png 945w" sizes="(min-width: 720px) 720px"></figure><p>If you have used <strong><strong>Yoroi</strong></strong> wallet and now for some reason would like to try Daedalus, you can employ the “Restore Yoroi wallet” feature to move your funds to a newly created Daedalus wallet.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/8.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/8.png 600w, https://economy.p2p.org/content/images/2020/09/8.png 942w" sizes="(min-width: 720px) 720px"></figure><p>You can also restore your funds from <strong><strong>Hardware wallets</strong></strong> such as <strong><strong>Ledger (Byron legacy wallet)</strong></strong> or <strong><strong>Trezor (Byron legacy wallet).</strong></strong> However, read the recommendations provided by IOHK team carefully to avoid exposing your hardware wallet private keys to security risks.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/9.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/9.png 600w, https://economy.p2p.org/content/images/2020/09/9.png 943w" sizes="(min-width: 720px) 720px"></figure><p><strong><strong>Overall, the process is the same for each kind of wallet:</strong></strong></p><ol><li>Go to the main dashboard and click <code>Add wallet</code> → <code>Restore</code>.</li><li>You will be prompted to select a type of legacy wallet. Select the one required and click <code>Continue</code>.</li><li>Enter Recovery phrase, Wallet Name and Password to restore the wallet.</li><li>Wait while your wallet syncs to see the legacy wallet and its balance in the user interface.</li><li>Transfer ADA to newly created Daedalus wallet.</li></ol><blockquote><em><em>Please keep in mind there will be a small fee in ADA to make a transfer from Bayron legacy to the new Shelley wallet.</em></em></blockquote><p><strong><strong>Once you have your funds in the newly created Daedalus wallet you can safely delegate them to a stake pool to start earning rewards</strong></strong></p><h1 id="about-p2p-org"><strong>About P2P.org</strong></h1><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading <strong><strong>non-custodial staking provider</strong></strong> with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than <strong><strong>250 million of USD</strong></strong> value. At the time of publishing, P2P Validator is <strong><strong>trusted by over 2300 delegators</strong></strong> across 15+ networks. We are a major player in all networks we support because of our experience, commitments and our <strong><strong>reputation</strong></strong>. We pay special attention to the process of <strong><strong>governance</strong></strong>.</p><blockquote><em><em>Our aim is to provide a secure and reliable service at the lowest cost <strong><strong>maximizing rewards for our delegators</strong></strong>.</em></em></blockquote><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram</a> chat or contact Slava via [email protected] We are always open for communication.</p><p></p><hr><p></p><p><strong>Web</strong>: <a href="https://p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2P/polkadot"><a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></a></p>

Slava Yanchuk

from p2p validator

Cardano How to delegate ADA (Cardano) using Daedalus wallet

<p>This guide explains how to start delegating ADA (Cardano) and earning rewards with the official full node Daedalus wallet.</p><hr><h2 id="install-daedalus"><strong>Install Daedalus</strong></h2><ol><li>Go to <a href="https://daedaluswallet.io/#download">Daedalus wallet</a> page and download the latest version of the wallet</li></ol><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-9.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-9.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-9.png 1000w, https://economy.p2p.org/content/images/2020/09/1-9.png 1345w" sizes="(min-width: 720px) 720px"></figure><p>2.   After the download is completed, unpack and install Daedalus wallet on your system.</p><p>3.   Once the installation is done, launch the Daedalus app and go through simple steps such as: select your language, read and accept the terms and conditions etc.</p><p>4.   Wait for Daedalus to sync. Since the blockchain is over 6GB it could take hours depending on your internet speed.</p><p>5.   After the sync is over, you can proceed with the next steps.</p><blockquote><em><em>There might be issues with connections to the Cardano network, please see <a href="https://iohk.zendesk.com/hc/en-us/articles/360010522913">https://iohk.zendesk.com/hc/en-us/articles/360010522913</a></em></em></blockquote><h2 id="create-a-new-daedalus-wallet"><strong>Create A New Daedalus Wallet</strong></h2><ol><li> After the sync has reached 100%, go to the dashboard and click the <code>Create</code> button.</li></ol><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-13.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-13.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-13.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/2-13.png 1600w, https://economy.p2p.org/content/images/2020/09/2-13.png 1909w" sizes="(min-width: 720px) 720px"></figure><p>2.   Enter the name and password for the Wallet.</p><p>3.   Create a spending password which will be required every time you do a transaction and click <code>Create Shelley wallet</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-10.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-10.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-10.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/3-10.png 1600w, https://economy.p2p.org/content/images/2020/09/3-10.png 1909w" sizes="(min-width: 720px) 720px"></figure><p>4.   At the next step, you will be prompted on how to use the 24-word Recovery Phrase. <strong><strong>Read it carefully since if you lose your recovery phrase wallet you will not get a chance to take your ADA back.</strong></strong></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/4-12.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4-12.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/4-12.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/4-12.png 1600w, https://economy.p2p.org/content/images/2020/09/4-12.png 1914w" sizes="(min-width: 720px) 720px"></figure><p>5.   Next, you have to verify the <strong><strong>24-word Recovery Phrase</strong></strong> you have just got from the system.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5-6.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5-6.png 600w, https://economy.p2p.org/content/images/2020/09/5-6.png 949w" sizes="(min-width: 720px) 720px"></figure><p>6.    Wait for the wallet is synced and you can use it for new transactions or for moving your funds from restored legacy wallets.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/6-3.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/6-3.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/6-3.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/6-3.png 1600w, https://economy.p2p.org/content/images/2020/09/6-3.png 1918w" sizes="(min-width: 720px) 720px"></figure><blockquote><em><em>For those who have the previous Daedalus version wallets installed, there is an import feature which runs automatically and detects installed legacy wallets. Just select the wallets, click the <code>Import selected wallet</code> button and follow instructions.</em></em></blockquote><p><br><strong>Delegate To A Stake Pool</strong></p><ol><li>Once you have some ADA in the newly created wallet you can delegate them to the stake pool.</li></ol><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/7-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/7-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/7-2.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/7-2.png 1600w, https://economy.p2p.org/content/images/2020/09/7-2.png 1912w" sizes="(min-width: 720px) 720px"></figure><p>2.    Click on the network icon in the left side panel to open the delegation centre.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/8-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/8-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/8-2.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/8-2.png 1600w, https://economy.p2p.org/content/images/2020/09/8-2.png 1909w" sizes="(min-width: 720px) 720px"></figure><p>3.   Select the wallet which holds the ADA you wish to delegate to a stake pool and click the <code>Delegate</code> button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/9-4.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/9-4.png 600w, https://economy.p2p.org/content/images/2020/09/9-4.png 952w" sizes="(min-width: 720px) 720px"></figure><p>4.   The dialogue window will appear where you will be prompted with steps you need to go through. Click <code>Continue</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/10-3.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/10-3.png 600w, https://economy.p2p.org/content/images/2020/09/10-3.png 955w" sizes="(min-width: 720px) 720px"></figure><p>5.    Choose a wallet with funds you want to delegate and click <code>Continue</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/11-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/11-1.png 600w, https://economy.p2p.org/content/images/2020/09/11-1.png 946w" sizes="(min-width: 720px) 720px"></figure><p>6.   Search the <strong><strong>“P2P”</strong></strong> pool ticker if you want to delegate to P2P Validator stake pool, select and click <code>Continue</code></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/12-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/12-1.png 600w, https://economy.p2p.org/content/images/2020/09/12-1.png 943w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/13-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/13-1.png 600w, https://economy.p2p.org/content/images/2020/09/13-1.png 946w" sizes="(min-width: 720px) 720px"></figure><p>7.   Enter your spending password, confirm the delegation and enjoy rewards.</p><blockquote><em><em>Please keep in mind that your delegation will be counted two epochs later. Each epoch is exactly five days long. Therefore, you will begin receiving staking rewards after 10 days. You can track rewards under the <code>Rewards</code> tab.</em></em></blockquote><h1 id="about-p2p-org"><strong>About P2P.org</strong></h1><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading <strong><strong>non-custodial staking provider</strong></strong> with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than <strong><strong>170 million of USD</strong></strong> value. At the time of publishing, P2P Validator is <strong><strong>trusted by over 2200 delegators</strong></strong> across 15+ networks. We are a major player in all networks we support because of our experience, commitments and our <strong><strong>reputation</strong></strong>. We pay special attention to the process of <strong><strong>governance</strong></strong>.</p><blockquote><em><em>Our aim is to provide a secure and reliable service at the lowest cost <strong><strong>maximizing rewards for our delegators</strong></strong>.</em></em></blockquote><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram</a> chat or contact Slava via [email protected] We are always open for communication.</p><p></p><hr><p></p><p><strong>Web</strong>: <a href="https://p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2P/polkadot"><a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></a></p>

Slava Yanchuk

from p2p validator

Polkadot Polkadot overview for newcomers

<h1 id="polkadot-overview-for-newcomers"><strong>Polkadot overview for newcomers</strong></h1><p><em><em>August 18th, 2020</em></em> - Polkadot almost became a fully-operational network by reaching the 4th of five milestones - opening transfers between accounts. The network is expected to finish the rollout plan this autumn by enabling parachain auctions and cross-chain interaction protocol, but, which might be important for newcomers, now you can legally buy and sell DOT tokens. If you are someone who missed the original 2017 and small 2020 sale but still are interested - this article is for you.</p><h2 id="which-wallets-to-use"><strong>Which wallets to use?</strong></h2><p>We recommend starting exploring Polkadot with official <a href="https://polkadot.js.org/apps/#/accounts">Polkadot.js browser wallet</a> (you would also need to install <a href="https://github.com/polkadot-js/extension">polkadot.js browser plugin</a>). This is the official wallet supported by Web3 Foundation that provides all possible opportunities for DOT users. If you are not a fan of desktop wallets, you can just walk through all tabs and get a good overview of Polkadot. The full list of supported wallets can be found <a href="https://wiki.polkadot.network/docs/en/build-wallets">here</a>.</p><p>You will notice that a lot of them are in the development stage, but the following ones are fully functional:</p><ul><li><a href="https://www.parity.io/signer/">Parity Signer</a></li><li><a href="https://lunie.io/">Lunie</a></li><li><a href="https://polkawallet.io/">Polkawallet</a></li><li><a href="https://token.im/">ImToken</a></li><li><a href="https://www.mathwallet.org/polkadot-wallet/en/">Math wallet</a></li></ul><p>Please note that the wallets may not provide full functionality (e.g., Democracy, Council voting, Extrinsic, etc.) - but all of them support transfers and staking.</p><h2 id="where-to-buy-dot"><strong>Where to buy DOT?</strong></h2><p>Generally, we don’t give advice on the exchange as your experience may differ based on the country of your residence or KYC/AML procedures. As you’re reading this page, we believe you are already a crypto person and you don’t need common advice like picking a trusted exchange. But there’s one thing you may not be familiar with:</p><p><strong><strong>On August 21st, Polkadot will go through the redenomination process. It means the “old” DOT will be equal to 100 “new” DOTs. This was the choice of community - you can read more in the <a href="https://polkadot.network/the-results-are-in/">official post</a>. This change will not be done by changing any core code - from 21st 1 DOT will be equal to 10^10 Plancks (the smallest fraction of DOT), while now it’s 10^12 Plancks. If you buy your DOT now, you will just see 100x more DOT on your balance after 21st.</strong></strong></p><h2 id="how-to-create-an-account"><strong>How to create an account?</strong></h2><p>Please use <a href="https://economy.p2p.org/create-account-in-polkadot-network">our guide</a>. The whole process will take several minutes.</p><h2 id="how-to-nominate"><strong>How to nominate?</strong></h2><p>We have a general <a href="https://economy.p2p.org/polkadot-nomination-guide">guide on nominating</a>. Here are some additional tips that you might find helpful:</p><ul><li>You can nominate from 1 to 16 validators from one account. The validator election mechanism will distribute your stake to validators in an optimal way (generally, for one validator). We recommend to nominate trusted validators as the right selection will provide better yield and protect you from <a href="https://economy.p2p.org/Polkadot-overview-for-newcomers#what-is-slashing-and-how-does-it-work">slashing</a>.</li><li>Your nomination status will update every day (around 1PM CET - when the validator election happens). The meaning of each status: <em><em>Active - your nomination is working, and one of the validators you’ve chosen is in the active validator set. Everything is OK. </em></em>Inactive - it is OK to have some inactive nomination while you have at least one active - it means that your nomination is working, but some of the validators you’ve chosen are not in the active set. <em><em>Waiting - you will see this status if you’ve made a nomination but the elections haven’t happened yet. Don’t worry, just wait for the validator elections to be held. </em></em>Renomination needed - this signals you that you need an update of your nomination.</li><li>Bonding and unbonding <em><em>Bonding means you’re locking your funds to work in staking. While funds are locked, you can make nominations, update them, vote, etc. To make your funds liquid you should go through unbonding. </em></em>Unbonding might be performed when you want to stop nominating and move or sell your DOTs. Please be careful - the unbonding period for Polkadot is 28 days, so basically you won’t be able to transfer or stake your DOTs for almost a month!</li><li>Controller account is a special account that might be linked with your primary account (stash in terms of Polkadot) to perform some actions (e.g., staking). It is good practice to have a controller account connected to your stash and don’t touch the last one without a significant reason. What is more important, you can basically share your controller account with 3rd parties to perform staking while keeping your stash keys with you and your funds will be safe!</li></ul><p>For those of you who have more than 50000 DOT we have a <a href="https://economy.p2p.org/polkadot-nomination-strategies/#p2p-validator-special-offer">special offer</a>!</p><h2 id="how-do-rewards-work"><strong>How do rewards work?</strong></h2><p>At the moment, Polkadot provides around 14-15% APR on your stake. The following things might influence your profit:</p><ul><li>Validator fee. The average validator fee is around 3%.</li><li>Luck. The profit for each validator is proportional to the number of blocks produced during the era. These numbers will be equal in the long run, but for some days you may notice a bit more or a bit less profit than predicted - so basically you should not worry about this.</li><li>Total stake on the node. Polkadot provides staking rewards that are almost equal for every validator. After that, the validator automatically distributes the profit for the nominators after taking a validator fee. So, nominating to the validator that has 2M DOT in nominations will bring you twice as much as nominating the one with 4M DOT in nominations.</li><li>Overall validator performance. In the real world, different validators have different hardware resources, connectivity, etc. - all of these factors may affect nominators’ profitability.</li><li>Slashing penalties. <a href="https://economy.p2p.org/Polkadot-overview-for-newcomers#what-is-slashing-and-how-does-it-work">Please take a note on slashing and how it works in Polkadot</a>.</li></ul><p><strong><strong>Please use our <a href="https://economy.p2p.org/polkadot-nomination-strategies">article with nomination strategies</a> that are based on the stake you hold</strong></strong></p><p>Other important points on the rewards:</p><ul><li>Rewards are distributed each era (24 hours for Polkadot).</li><li>By default, the rewards are not claimed automatically. This can be done either by you or by your nominated validator. P2P Validator is periodically claiming rewards for our nominators, so you should not worry about this if you nominate us.</li></ul><h2 id="what-is-slashing-and-how-does-it-work"><strong>What is slashing and how does it work?</strong></h2><p>Slashing is a penalty mechanism that provides economic incentives for validators to play fair and nominators to choose the right validators. Slashing is triggered when a validator makes a double sign or more than 10% of the network goes offline. This can also happen because of a software bug. In such cases, the slashes are applied after 28 days and can be canceled by democracy voting.</p><p>As the slashing is applied to both validator and its nominators, you may lose some portion of your stake. To minimize risks to be slashed:</p><ul><li>Select 16 validators in your nomination.</li><li>Select only the validators you know and trust.</li><li>Don’t try to make maximum profits - staking is a marathon, not a sprint. The risk of losing a portion of your stake might outweigh the better profitability of an unknown validator.</li></ul><h2 id="what-resources-to-use-or-follow"><strong>What resources to use or follow?</strong></h2><p>For all newcomers to Polkadot ecosystem, we recommend the following resources:</p><ul><li>Our <a href="https://economy.p2p.org/category/polkadot/">blog articles about Polkadot</a></li><li>Join the <a href="https://t.me/PolkadotOfficial">official Polkadot group on telegram</a></li><li>Join the <a href="https://matrix.to/#/!FdCojkeGzZLSEoiecf:web3.foundation?via=matrix.parity.io&amp;via=matrix.org&amp;via=web3.foundation">community group in Element</a></li><li>Use the official <a href="https://wiki.polkadot.network/docs/en/getting-started">wiki of the project</a></li><li>Get familiar with Polkadot in action using <a href="https://polkadot.js.org/apps/#/accounts">Polkadot.js</a></li><li>Use <a href="https://polkascan.io/polkadot">Polkascan</a> or <a href="https://www.subscan.io/">Subscan</a> to dive deeper in addresses and transactions</li><li>Give <a href="https://kusama.network/">Kusama</a> network, a wild cousin of Polkadot, a try</li></ul><h2 id="about-p2p-validator"><strong>About P2P Validator</strong></h2><p><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=polkadot_for_newcomers">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 100 million of USD value. At the time of publishing, P2P Validator is trusted by over 2000 delegators across 15+ networks.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram chat</a> or contact Gleb via [email protected] We are always ready to help and open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=polkadot_for_newcomers"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=strategy">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Gleb Palienko

from p2p validator

Polkadot Polkadot Nomination Strategies

<p>While validators in Polkadot work together as the heart of the ecosystem - validate transactions, build the blockchain itself, and maintain network security, nominators supply the blood - they delegate their tokens to the validators they trust and therefore receive rewards and provide supply to the blockchain economy. So, what's the best strategy for a nominator? How to be sure your funds are safe and working at their maximum? We've gathered some strategies that might be useful for you based on the stake you have.</p><h1 id="500k-dots-and-more-"><strong>500K DOTs and more.</strong></h1><p>You hold a large number of tokens, and the rewards you can get are pretty high (in absolute numbers). Here are some thoughts that you might find useful:</p><ul><li>The right nomination strategy can add several additional points to your APR, while with the wrong one you can receive only half of the potential profit. "Nominate once and relax" won't work for you because the fluctuations of nominations on the network can change the position of validators you've chosen drastically.</li><li>Selecting the most profitable validators in polkadot.js UI might not be a good idea because your stake is significant enough to change the position of validators in terms of profitability.</li><li>To make the best choice of validator, you should make predictions on the next validator set for each era, which requires development resources and a deep understanding of Polkadot validator election mechanisms.</li></ul><p>All this can make you think that it's almost impossible to get the maximum from your stake. <strong><strong>Luckily, you're reading this text on p2p.org. We're a top-tier validator and can make this happen because of our vast amount of experience accumulated in Kusama and Polkadot.</strong></strong></p><h3 id="p2p-validator-special-offer-"><strong>P2P Validator special offer:</strong></h3><ul><li>Optimized regular nominations to get maximum yield</li><li>Direct support by chat or video call</li><li>Weekly reports on profitability</li><li>Reports for tax authorities on demand</li><li>An immediate reaction in case of active set increases and other changes that can potentially affect your staking rewards.</li></ul><p><strong><strong>All the mentioned benefits are available for you without any additional fees. Contact us via <a href="mailto:[email protected]">email</a> or <a href="https://t.me/P2Pstaking">join our telegram group</a> to know more.</strong></strong></p><h1 id="50k-500k-dots"><strong>50K - 500K DOTs</strong></h1><p>We can bet you care about your profits, so you may develop this strategy by yourself - monitor the staking daily and update your nomination to choose the best validators. But the question is - how to choose reliable validator nodes and get maximum rewards from them? Here are some thoughts:</p><ul><li>Your stake is still significant enough not to use the automatic validator selection on polkadot.js - you're still able to push the specific node from the top profitability position.</li><li>Try not to update your nomination right after the election happens. The same reason being as for the point above - your nomination changes the landscape, so the best time to make an update is about noon CET.</li></ul><p>Feel free to use a <a href="https://redash.p2p.org/public/dashboards/cviD6Ci7oUDRnSoq8CqNJImrJfq8uuY37DsiF2CY?org_slug=default">dashboard</a> that predicts the next validator set and was designed to find out the best targets for nominations.</p><p><strong><strong>If you plan to continue staking Polkadot and would contact us during the upcoming month - we are happy to tell you are also able to receive a special offer for 500K+ stakes. Contact us via <a href="mailto:[email protected]">email</a> or <a href="https://t.me/P2Pstaking">join our telegram group</a> to know more</strong></strong></p><h1 id="10k-50k-dots"><strong>10K-50K DOTs</strong></h1><p>With a stake in this range, you might be interested in increasing profits, but paying too much attention to staking would not cover the costs of your time. The best approach would be to make a nomination and come back, check and update nomination if needed in a week or two. Here are some thoughts that might help you to make the right choice of validator:</p><ul><li>Choose nodes from a validator you know and can reach in case you have any questions. Polkadot network is permissionless - that means anyone can be a validator. The malicious behavior of a validator results in a punishment (slashing in terms of Polkadot) - which is a lot more harmful to the nominator than the validator.</li><li>If you're using polkadot.js, be careful over choosing validators automatically. This mechanism relies only on the current state of nominations and fees - and tells you nothing about specific validator quality.</li></ul><p>Use the <a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_campaign=polkadot_nomination_strategies">p2p.org/polkadot</a> web page to find out the best target addresses supported by P2P Validator.</p><h1 id="0-10k-dots"><strong>0-10K DOTs</strong></h1><p>You don't have enough dots to earn a lot - but that also brings you an advantage - your stake does not significantly change a selected validator's profitability, so there is no need to pay much attention to nominations. The best strategy for you would be to choose around eight top-performing validators from the active set and the rest from the waiting list based on your feelings. We encourage you to put a bet on both big names in validation and include smaller independent validators who are active in community chats.</p><h1 id="general-thoughts"><strong>General thoughts</strong></h1><p>According to Polkadot network rules, you can choose up to 16 validators in your nomination, and an automated election algorithm will do the rest. It looks like a perfect solution - to nominate once and relax, but there are some pitfalls that might affect your profits:</p><ul><li>Validators you've nominated might not be elected to the active validator set. This situation might occur if the other nominators that chose the same validators as you will renominate to other nodes. In this case, you're entirely missing any profit - and will continue to miss it until you make a new nomination or other people help your validators reach the active validator set.</li><li>Validators you've nominated become extremely popular and receive many nominations. In this case, you're getting profits on your stake, but they are not optimal. Here's a simple explanation: the reward each validator receives is almost equal for all active validators in the long term. The more nominated stake a specific validator has, the less each nominator gets. Some validators have nominations for 2M, some for 4M DOTs - as a result, the profits for their nominators differ twice!</li><li>There is a small chance the nodes you've nominated would go offline. If you nominate 16, the chance all of them would be down is meager - but it exists.</li></ul><p>The risks of not paying attention to the actual state of nomination in Polkadot can result in losing profits (partially or even completely). <strong><strong>To mitigate our nominators' risks, P2P Validator supplies new validator nodes when the demand for them is growing.</strong></strong></p><p><strong><strong>Why else should you nominate P2P Validator?</strong></strong></p><ul><li>We've invested our own funds in Polkadot &amp; ecosystem and stake them via the public validator nodes - the same as you do</li><li>We have a dedicated DevOps and development team with a tremendous amount of experience across Polkadot and other blockchains</li><li>We were the first ones to run validators in both Polkadot and Kusama</li><li>We've achieved top-notch profitability for our nominators in Kusama and have a good track record.</li></ul><p><strong><strong>How to nominate P2P? Just use the 16 validator nodes listed on our website <a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_campaign=polkadot_nomination_strategies">p2p.org/polkadot</a></strong></strong></p><h2 id="p2p-statistics-in-kusama"><strong>P2P statistics in Kusama</strong></h2><p>We have accumulated a huge amount of experience in staking Kusama and continue this story in Polkadot. The graph below shows the profits for a nominator with 1000 KSM with P2P Validator and other validators*.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/dx9t8wS.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/dx9t8wS.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/dx9t8wS.png 1000w, https://economy.p2p.org/content/images/2020/09/dx9t8wS.png 1021w" sizes="(min-width: 720px) 720px"></figure><p>*<em><em>Other validators’ profits are calculated based on the average weighted commission rate of 7,5%, average stake amongst all validators, and current staking ratio.</em></em></p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=polkadot_nomination_strategies">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 100 million of USD value. At the time of publishing, P2P Validator is trusted by over 2000 delegators across 15+ networks.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram chat</a> or contact Alex via [email protected] We are always ready to help and open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=polkadot_nomination_strategies"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=strategy">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Gleb Palienko

from p2p validator

Polkadot Polkadot Council elections: vote for P2P Validator

<p>After the first council elections and removal of sudo module Polkadot will become a permissionless chain fully governed by the community. Every DOT holder can submit a proposal and suggest parameter changes such as increasing the validator set and many more.</p><p><strong><strong>P2P Validator is excited to announce our Council candidacy</strong></strong>. We have supported both Polkadot and Kusama networks from the very beginning, and, as a result, received more than 50,000,000 DOTs from 250+ users as nominations. As a Council member, we promise to act in the interests of the Polkadot community.</p><h2 id="why-you-should-vote-for-p2p-validator"><strong>Why you should vote for P2P Validator</strong></h2><ul><li>We have a proven track record of 2+ years in the validation business across different networks</li><li>We are active participants in the governance of most groundbreaking blockchains</li><li>We've invested our funds in Polkadot &amp; ecosystem and stake them via the public validator nodes</li><li>We have a dedicated development team and participate in W3F General Grants Program</li><li>We are always open for community requests</li></ul><p><strong><strong><a href="https://economy.p2p.org/Polkadot-Council-elections-vote-for-P2P-Validator#how-to-vote">Press here to find detailed instructions on voting.</a></strong></strong></p><h2 id="role-of-a-council-member"><strong>Role of a council member</strong></h2><p>Efficient governance implies an active participation of stakeholders, which is always limited to some extent. It requires continuous monitoring of new proposals and taking actions to check that the outcome is not harmful for the ecosystem. Sometimes, token holders miss the right moment or simply prefer not to participate in voting for various reasons. Councils in Polkadot represent passive stakeholders and have a crucial role in the governance affecting the way of approving/rejecting proposals.</p><p><strong><strong>Some of their capabilities:</strong></strong></p><ul><li>Accept or reject treasury spending proposals</li><li>Propose a referendum and change its bias</li><li>Cast "veto" on a malicious proposal</li><li>Cancel slashes that are in a queue for application</li></ul><p>Initially there are 13 councilors, the number will gradually grow to 23. Elections initially happen once a day. Later, elections will occur on a weekly basis and eventually monthly. Every token holder can pick up to 16 candidates. Stake-weighted votes are distributed automatically based on the Phragmen method the same way as nominating validators. <strong><strong>Tokens involved in staking count in the selection of Council members</strong></strong>. The vote is considered valid until canceled via extrinsic. Before that DOT are frozen (becoming non-transferable). <strong><strong>Unlike unbonding, there is no specific period to wait before unfreezing and they become unlocked and transferable right after submitting a corresponding transaction.</strong></strong></p><h2 id="the-mission-of-p2p-validator-as-a-council-member"><strong>The mission of P2P Validator as a council member</strong></h2><p><strong><strong>Very simply, we can describe our mission as a council member as follows: to protect the interests of nominators and validators.</strong></strong></p><p>Although nominators and validators have different roles in the ecosystem, we find that many points are valid for both:</p><ul><li>Nominators and validators own and earn a certain amount of tokens and are interested in network ecosystem growth.</li><li>Nominators' stake and validators' future profits are in a non-liquid state, so both would not welcome any change that would result in a negative change in value of their holdings.</li><li>In some cases, nominators and small independent validators may not have enough time or expertise to analyze the proposed changes and make a considered conclusion in voting for or against.</li></ul><p>So, what exactly are we going to do as a council member?</p><ul><li>Dive as deep as we can into any proposal that is put to the council</li><li>Publicly express our opinion regarding the proposals clearly stating the expected results for both nominators and validators</li><li>Collect opinions from both validators and nominators</li><li>Discuss it with other council members and vote based on the opinions we've got from the community</li><li>Issue regular reports on the network development direction based on the proposals and discussions in the council</li></ul><h2 id="how-to-vote"><strong>How to vote</strong></h2><p>1. Go to a Council tab of<a href="https://polkadot.js.org/apps/#/council"> PolkadotJS UI</a> and press the vote button in the right top corner.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-1.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-1.png 1000w, https://economy.p2p.org/content/images/2020/09/1-1.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>2. Select up to 16 candidates by left clicking on accounts in the left box or simply paste the address of the desired one in the search field. <strong><strong>Here is P2P Validator candidate address:</strong></strong> <code>14krbTSTJv3aaT1VeBRX7CzoV4crr3adeF3KutdpkCttrxsZ</code></p><p>After you specify the amount of DOT, press submit button and sign the transaction</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-3.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-3.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-3.png 1000w, https://economy.p2p.org/content/images/2020/09/2-3.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>3.   Your vote will be considered in the following elections.</p><p>To cancel your vote go to Extrinsics tab, select the account used for voting, choose electionsPhragmen in the left drop-down menu, and removeVoter() in the right one.Then press the Submit Transaction button and sign it.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-3.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-3.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-3.png 1000w, https://economy.p2p.org/content/images/2020/09/3-3.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>Your vote will be immediately removed and tokens locked in Council elections will unfreeze.</p><h2 id="about-p2p-validator"><strong>About P2P Validator</strong></h2><p><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=vote_for_p2p_council">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 100 million of USD value. At the time of publishing, P2P Validator is trusted by over 2000 delegators across 15+ networks.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram chat</a> or contact Alex via [email protected] We are always ready to help and open for communication.</em></em></p><p></p><hr><p></p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=vote_for_p2p_council"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=vote_for_p2p_council">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Gleb Palienko

from p2p validator

Nucypher NuCypher Worker Node Monitoring Suite

<p>As part of the Technical Contributor Phase of NuCypher’s <a href="https://blog.nucypher.com/come-and-stake-it-incentivized-testnet/?utm_source=p2peconomy">Come And Stake It (CASI) Incentivized Testnet</a>, <a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=NuCypher-monitoring">P2P Validator</a> has collaborated with <a href="http://www.nucypher.com/">NuCypher</a> to provide an inexpensive and powerful <a href="https://github.com/p2p-org/nucypher-monitoring">suite of self-hosted NuCypher node monitoring and alerting services</a> using Prometheus and Grafana. This suite is free and open-sourced so that anyone can make use of it to manage their NuCypher node infrastructure.</p><h2 id="the-need"><strong>The Need</strong></h2><p>The NuCypher Network is a decentralized network of nodes that uses proxy re-encryption to provide secrets management and dynamic access control services. The network facilitates end-to-end encrypted data sharing between parties without exposing plaintext data or private keys to the nodes.</p><p>NuCypher nodes are incentivized to maintain high uptime and availability to readily provide re-encryption services. Persistent downtime will cause nodes to forgo inflation rewards and policy fees. Therefore, identification and resolution of availability issues quickly is a requirement. This solution is aimed at those who independently set up and run the Worker according to the <a href="https://docs.nucypher.com/en/latest/guides/network_node/network_node.html">NuCypher documentation</a>, but who do not have enough experience to implement monitoring and alerting on their own. After successfully running a Worker node, the user should be able to check the state of their node and receive timely alerts about issues that need to be addressed immediately.</p><h2 id="the-solution"><strong>The Solution</strong></h2><p>Our goal was to provide a seamless setup, simple configuration and enable the user to obtain up-to-date information about their ongoing node operations and the broader NuCypher network. We implemented a Worker endpoint that provides various node metrics and a Grafana dashboard to allow users to visualize these metrics and assess the state of their node.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-2.png 1000w, https://economy.p2p.org/content/images/2020/09/1-2.png 1240w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-4.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-4.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-4.png 1000w, https://economy.p2p.org/content/images/2020/09/2-4.png 1240w" sizes="(min-width: 720px) 720px"></figure><p>Metrics include:</p><ul><li>CPU / RAM / Disk / Network utilization</li><li>Realtime data on node workload</li><li>Account balances</li><li>Staker information</li><li>WorkLock status</li></ul><p>Furthermore, alerts can be provisioned based on these metrics through the dashboard to send timely messages when notable issues arise. Notification mechanisms include Telegram bots, SMS, phone calls, and email notifications. Additional functionality is provided to include images within alert messages and to configure reminders.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-4.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-4.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-4.png 1000w, https://economy.p2p.org/content/images/2020/09/3-4.png 1206w" sizes="(min-width: 720px) 720px"></figure><h2 id="getting-started"><strong>Getting Started</strong></h2><p>To install Prometheus and run your Worker with the metrics endpoint activated, see <a href="https://docs.nucypher.com/en/latest/guides/network_node/ursula_configuration_guide.html#prometheus-endpoint">https://docs.nucypher.com/en/latest/guides/network_node/ursula_configuration_guide.html#prometheus-endpoint</a>.</p><p>To set up our monitoring suite, go to <a href="https://github.com/p2p-org/nucypher-monitoring">https://github.com/p2p-org/nucypher-monitoring</a>, and follow the instructions.</p><blockquote><em><em>To file bug reports or feature requests, please create an issue on our Github. If you are feeling adventurous feel free to submit pull requests.</em></em></blockquote><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram chat</a> or contact Alex via [email protected] We are always ready to help and open for communication.</em></em></p><hr><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=NuCypher-monitoring">P2P Validator</a> is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of publishing, more than 40 million of USD value is staked with P2P Validator by over 1500 delegators across 15+ networks.</p><p></p><p><strong><strong>Web:</strong></strong> <a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=nucypher-monitoring">p2p.org</a></p><p><strong><strong>Stake NU with us:</strong></strong> <a href="https://p2p.org/nucypher?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=nucypher-monitoring">p2p.org/nucypher</a></p><p><strong><strong>Twitter:</strong></strong> <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">t.me/P2Pstaking</a></p>

Paul P

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