We have voted YES to initiate the Stargate upgrade for the Cosmos Hub. We believe in the potential of the Cosmos ecosystem to grow and that Stargate opens a new page of ecosystem evolution being a huge step towards the original Internet of Blockchains vision.
By being an active contributor to the Cosmos ecosystem, P2P has built the dashboard to track delegation history across all the hub versions and claim rewards - a ledger delegation interface to securely stake in three simple steps. We participated in Game of Zones to test IBC in action and won the first prize in two phases. Our validator has taken part in a series of testnets since the beginning to prepare.
Stargate is the largest upgrade in the Cosmos ecosystem due date. What does it mean for the Cosmos network?
The current state of the ecosystem can be compared to the cities of a country struggling to communicate without capital and financial centers to connect them with each other. With the enablement of Inter-Blockchain Communication (IBC) the value can be seamlessly transferred across the ecosystem unleashing the synergetic effect among application-specific blockchains. Cosmos Hub will become the first intermedium to connect them with each other.
The real long term challenge is to attract more builders and projects to the ecosystem to increase the cumulative value flow within the network. Notable improvements in performance and migration to Protobuf blockchains will implement the upgrade to achieve higher throughput to handle the rising transaction volume. The ability to interoperate will bring composability to the ecosystem, with Protobuf it will be much easier for developers using various programming languages to communicate within the ecosystem and create novel applications.
In synergy with tools like Starport that allow developers to launch blockchains with a few commands and further coordinate the testnets with validators much faster, we can imagine the emergence of novel use cases and accelerated growth in areas like Decentralized Finance (DeFi) and Collectible economies powered by Non-Fungible Tokens (NFT).
Secure connection between blockchains requires trust in validators maintaining the actual state of the network. The Game-of-Stakes attracted and prepared solid staking providers and in March of 2019 Cosmos Hub was successfully launched on mainnet. There were two major upgrades, for the first year the focus was to battle-test staking, on-chain governance and provide a stable functioning network with a strong set of contributors.
Game of Stakes granted validators experience to be flexible to changing network conditions and on the 1st of May 2020 another incentivized competition called Game of Zones was launched to collect valuable data and prepare teams for the release of the IBC module. There were more than 150 participants.
IBC has been in development since the release of the original Cosmos whitepaper - ongoing work to prepare and release the first version of the IBC specification that outlines the overall design logic and architectural overview.
The plan of transition from hub-3 to hub-4 was outlined in the Stargate proposal. It was followed up with a series of testnets to examine the main features and ensure that the ecosystem participants are prepared for software changes being in line with the upgrade procedure.
On December 15th the finalized version 1.0 of the IBC candidate was announced. Multiple teams and contributors were involved in the process of improving, testing and finding bugs.
And now we have come to the point to finally bring the original vision of interoperability to the Cosmos network.
The rollout will happen in two phases as happened with with the launch of the Cosmos Hub on mainnet. During the first phase cross-chain transfers will be disabled to ensure the network is stable. Activation of the token transfer protocol will happen via on-chain governance. A proposal with parameter changes and timelines will be submitted and if passed we can utilize a fully functioning TCP/IP for blockchains in production.
With the enablement of the IBC, healthy competition among hubs can drive the development of the whole ecosystem. Novel use cases like liquidity mining over IBC can become a reality. New projects will be able to easily attract validators from the hub and ATOM will play the role of insurance against misbehavior providing strong security guarantees for new projects in the Cosmos network. Another interesting utility is that ATOM might be able to accrue fees in whitelisted tokens.
The IBC is still in its early days and adoption will take some time. Cosmos has made huge progress in these two years and P2P is proud to be part of it as a validator and contributor from the very beginning of the journey.
P2P Validator is a world-leading non-custodial staking provider securing more than $650 million from over 4,500 delegators across 25+ top-notch networks. We are early ATOM investors and Game of Zones winners. P2P has supported Cosmos Hub from the first block taking part in all stages of testing and voting.
Web: https://p2p.org
Stake ATOM with us: https://p2p.org/cosmos
Twitter: @p2pvalidator
Telegram: https://t.me/P2Pstaking
<p>In this step-by-step guide, we'll walk you through how you can stake your Solana (SOL) using Solflare Wallet and Ledger Nano S/X. </p><p>To start contributing to the security of the <a href="http://p2p.org/solana">Solana Network</a>, you'll need to follow these simple steps:</p><ul><li>Install the Solana App on Ledger.</li><li>Access your wallet on Solflare wallet.</li><li>Create a staking account.</li><li>Stake your SOL.</li></ul><h3 id="step-1-install-the-solana-app-on-ledger">Step 1. Install the Solana App on Ledger </h3><p>First of all, download the Ledger Live app on your device and connect the Ledger device. In Ledger Live, via Manager, search for <em>Solana</em> in the App catalog. Click on “Install” after. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/12/image-6.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/12/image-6.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/12/image-6.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/12/image-6.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/12/image-6.png 2400w" sizes="(min-width: 720px) 720px"></figure><blockquote><em>At the moment of writing the latest version of Solana application is v1.0.2. If you have an older version make sure to update it to v1.0.2.</em></blockquote><p>If all settings are correct, you are ready to start using Solflare.</p><h3 id="step-2-connect-your-ledger-to-solflare-wallet">Step 2. Connect your Ledger to Solflare wallet</h3><p>Go to <a href="http://solflare.com">Solflare.com</a> and click "Access" button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/12/image-11.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/12/image-11.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/12/image-11.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/12/image-11.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/12/image-11.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Choose “Using Ledger Nano S/X” and click “Access Wallet”.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/12/image-13.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/12/image-13.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/12/image-13.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/12/image-13.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/12/image-13.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Open the Solana App on your Ledger and connect your device. Choose the derivation path one available option (Solana — 44'/501'/) and select your address in the bottom drop-down section.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/12/image-14.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/12/image-14.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/12/image-14.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/12/image-14.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/12/image-14.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Click the “Access” button and approve this on your Ledger device to successfully enter your account.</p><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/BJP3JyzS69tTjton2scQm4_Zw6wzTuMSAENUpOLbAuMVERj3FdnMDLvIvgXPWcvwFBgTC5TON7-lL1x_Gg5Ozc8XRVFl3PtNDGIiFbFvqJv4ckLU0qSaXzoSkf929IF7T1xDNpTp" class="kg-image" alt></figure><p>After successfully completing the steps above, you will find yourself in the main menu of Solflare where you will find information about your wallet account address, your balance, and your most recent transactions.</p><h3 id="step-3-create-a-staking-account">Step 3. Create a staking account</h3><p>To Create a staking account you can either press “Get started” or select the “Staking” tab and then click on “Create Account”.</p><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/v_KZahtqgV-AwKEA4DRl3zRL-HwDxILh5rf6GAOn841K_mNiTCthm7ZTgiyY6HgO9IDm9zB_FaD8Oq5asqy6Gk9M81stlVCqNrwrPpq_FgYLYRtEop06MuNp4PQuu8-K2Bxx_wUU" class="kg-image" alt></figure><p>Choose the amount you want to transfer from your Wallet Account to your Stake Account and click “Next”.</p><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/HAeesA6PGdmd8Tb6rxndgw5zKjg4XOFtFr78HfZTHjS-ObzhM0jTIXbgej5-Vg9dcpuyLYB-lFF0KEWyc18Ltq1VjuhRlUDfDMPFO5VeqUqHGkayT6mrSaEuCNpJaTVsNbJ-twiP" class="kg-image" alt></figure><blockquote><em><em><em>Leave some SOL in your wallet to pay </em></em>for <em><em>transaction fees. Since they are very low at Solana, leaving ~1 SOL in your wallet in your account should be more than enough.</em></em></em></blockquote><p>Confirm the transaction on your Ledger device.</p><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/420admtxlIbPR_rQjlzokNDZa1OiRqTc2g9r8Mq6V5_c5TUNlR9C7uWlgDv9TkAwJoz8gGbElTp_7EHjPY82NQzEdqDHhtWQqYUoX6PERNubj2nagQj5NrF-LOf6PxV1gVM2suej" class="kg-image" alt></figure><p>This ends the creation of the Solana staking account. You can see all of those on the main menu of Solflare. </p><p>Now you're ready to stake!</p><h3 id="step-4-stake-your-sol">Step 4. Stake your SOL</h3><p>On the Solflare main screen, you'll see all the accounts and balances you have created. To start staking your SOL tokens, select the related staking account and click the "Delegate Now" button.</p><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/Xka_XwlQHjJ_3O4QzkOFXJYpX_tPBaDStVM4GtmBGB_656tUpUzuvbO9BLwpepVpui_0tqNHBJ3nfokjrYG44su0B58S4zRHA5t4t7c2OI4tOrdIZZpvyxGtdhL_BCd_i9O5__r_" class="kg-image" alt></figure><p>In the window that opens, select P2P.ORG - P2P Validator and click “Next” button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2021/02/image.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2021/02/image.png 600w, https://economy.p2p.org/content/images/size/w1000/2021/02/image.png 1000w, https://economy.p2p.org/content/images/size/w1600/2021/02/image.png 1600w, https://economy.p2p.org/content/images/size/w2400/2021/02/image.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>You will have to verify and confirm your delegation on your Ledger device. Navigating to “Approve” screen, then confirm by pressing both buttons on the device.</p><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/vXjK7l8pxaL6cC1LDNXGd41Wsyi25OCesBlrFWP4xE0mNMTRzM-ja0m06FSHxJOH6rsUyrJYbqomyGQ8i-Emj8Zq4RSDkt5un2hYhGwCg6J79AwqBxxRjAMsBRf4YjMWk4o8F7nk" class="kg-image" alt></figure><p>Some points worth noting:</p><ul><li><strong>Reward rate: </strong>The reward rate for staking SOL is approximately 8%.</li><li><strong>Warm-up period</strong> (time until your stake starts earning rewards): ~2 days.</li><li><strong>Cool-down period</strong> (time for your stake to become liquid after you stopped staking): ~ 2 days.</li><li>The network is expected to launch with an annual emission of 15%. It will decrease by 15% every year until reaching 1-2% and 90% of these SOL will be distributed amongst validators and delegators.</li></ul><hr><p><strong>If you have any questions, feel free to ask in our <a href="https://t.me/P2Pstaking">Telegram chat</a></strong></p><hr><h3 id="about-p2p-validator">About P2P Validator</h3><p>P2P Validator is a world-leading non-custodial staking provider securing more than $350 million from over 4,000 delegators across 25+ top-notch networks. We were early investors in Solana and have supported the network from the first block, taking part in all stages of testing and voting.</p><p><br><strong>Web</strong>: <a href="http://p2p.org/?utm_source=blog&utm_campaign=sol_guide">p2p.org</a><br><strong>Stake</strong> <strong>SOL</strong> <strong>with</strong> <strong>us</strong>: <a href="http://p2p.org/solana?utm_source=blog&utm_campaign=sol_guide">p2p.org/solana</a><br><strong>Twitter</strong>: <a href="https://twitter.com/P2Pvalidator">@p2pvalidator</a><br><strong>Telegram</strong>: <a href="https://t.me/P2Pstaking">t.me/P2Pstaking</a></p>
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<p>This step-by-step guide will help you to claim your MPOND received during FlowMint stakedrop.</p><p>In order to claim MPOND, you need to follow simple steps below.</p><ol><li>Connect to Metamask on <a href="http://app.marlin.pro/flowmint">app.marlin.pro/flowmint</a></li></ol><blockquote><em>Please ensure that you have switched your Network to Matic’s custom RPC in Metamask settings and connected the address that you have set up during registration.</em></blockquote><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/12/image-16.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/12/image-16.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/12/image-16.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/12/image-16.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/12/image-16.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>2. Press the “<em>Dive In”</em> button and select the network.</p><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/MmVyRPW4n7BM-8fgwwcasI7FrY9pNW0yzP81l7T7ObH5WbghdY9fwKEdUzg6CzzbofLnjrSW5WKO7iiI2Ish0hrdeBM2-Rq_3Vdmr23SvtG71xXiBSXJO4XnLjqK9W20C_Nf954l" class="kg-image" alt></figure><p>3. Harvest your MPOND on the page of the selected network.</p><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/3Hcv8Us30OwPqF96vnsK4EWz4O2fPQuE0Ri50tc1wIhvXsruL4ezlwsYXIUjxskcISKuqZby-JTUNfKSSQvYt5CAB2_6sB5_GFfIo31bL-kwGSfIomiBzIQtOhp0z6xf9fXrnmd1" class="kg-image" alt></figure><p>4. Confirm the transaction in Metamask.</p><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/h3_JuOegAbEnRyq8fcVtOzYO93JP_x2NMvxjsazn2oGt34_yDCQH9QhMLL_C5eY-jkBArNdimltihPygrw5N3UTIulKYdaIVXDBzyf4PnhthpfFwDDUETGduc2sA3LDbcz5Xl7Th" class="kg-image" alt></figure><p><strong>Prerequisite: </strong>You need to have MATIC tokens on the Matic mainnet, otherwise, the transaction will fail. </p><p>To transfer the MATIC tokens from the Ethereum mainnet to the Matic mainnet follow this <a href="https://blog.matic.network/deposits-and-withdrawals-on-matic-network-walkthrough-guide/">instruction</a>.</p><blockquote><em>If you are having trouble with MATIC transfer or MPOND harvesting do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram chat</a> or contact Paul via [email protected] We will be happy to help.</em></blockquote><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/Bz0wGFgvX9y1DbmexmDjLoGY6WYMPmEQnl_nQg6YZk0yaV3yDq8oQmp9nCMOYRZExkg2zSMnAC5gDy9aiFFsG9Fo5ZUqHuFru9kll_b9yGECWnS_hjbtGWjM1Gla0n1o_H0tS7jV" class="kg-image" alt></figure><p>After a successful transaction, refresh the FlowMint page and you will see the MPOND on your balance.</p><h3 id="about-p2p-validator">About P2P Validator</h3><p>P2P Validator is a world-leading non-custodial staking provider securing more than $350 million from over 4,000 delegators across 25+ top-notch networks. We are constantly working on improvements to bring our customers the best proposals. All delegators staking DOT, ATOM, IRIS with P2P Validator have the opportunity to participate in the Marlin network and acquire Marlin tokens.</p><p><strong><strong><strong><strong><strong><strong><strong><strong>Web:</strong></strong></strong></strong></strong></strong></strong></strong><a href="https://p2p.org/?utm_source=blog&utm_campaign=marlin_stakedrop_claim"> p2p.org</a></p><p><strong><strong><strong><strong><strong><strong><strong><strong>Twitter:</strong></strong></strong></strong></strong></strong></strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong><strong><strong><strong><strong><strong><strong>Telegram:</strong></strong></strong></strong></strong></strong></strong></strong><a href="https://t.me/P2Pstaking"> https://t.me/p2pvalidator</a></p>
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