The Graph Delegation Guide For Locked GRT

<p>The Graph Network is an indexing protocol built for the decentralised web. Users of the Graph Network can build and share open APIs across Ethereum and IPFS to allow for fast and reliable blockchain data access. Data is managed and processed via open networks, providing users with verifiable integrity.</p><p></p><h2 id="current-network-state">Current network state</h2><p>The Graph Network was <a href="https://medium.com/graphprotocol/introducing-the-graph-4a281b28203e">introduced</a> in July 2018 and launched their <a href="https://thegraph.com/blog/the-graph-network-launches-mainnet">mainnet</a> this year, on December 17th, as the first decentralized blockchain data network.</p><p>The Graph Network works to improve access to decentralized applications through public and open APIs named subgraphs. Subgraphs dictate which data the network will index from Ethereum, as well as how this data is stored. Upon deployment, a subgraph forms part of a global blockchain data network.<br>During their testnet phase, Graph saw over 200 active indexers, together with more than 1600 individuals, complete their <a href="https://thegraph.com/blog/curator-program-launch">Curator Program</a> for decentralising data across DeFi.</p><p>Between June and November 2020 they have seen a 10x increase - from 1 to 10+ billion monthly queries - with usage across Curve, Uniswap, Decentraland and more.</p><p><br></p><h2 id="grt-token-allocation">GRT Token allocation</h2><p>In October 2020, Graph Foundation <a href="https://thegraph.com/blog/public-sale-announcement">announced a public sale</a> of GRT and successfully raised $12M. Earlier this year the Graph Foundation raised $5M in a <a href="https://thegraph.com/blog/funding-announcement">private token sale</a>.</p><p>The details of the GRT token can be found below:<br></p><ul><li><strong>Symbol</strong>: GRT</li><li><strong>Type</strong>: ERC-20</li><li><strong>Initial Circulating Token Supply</strong>: ~1,245,666,867 GRT</li><li><strong>Initial Total Token Supply</strong>: 10,000,000,000 GRT</li></ul><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/12/GRT_Piechart_v2-2.png" class="kg-image" alt loading="lazy" width="2000" height="1288" srcset="https://economy.p2p.org/content/images/size/w600/2020/12/GRT_Piechart_v2-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/12/GRT_Piechart_v2-2.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/12/GRT_Piechart_v2-2.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/12/GRT_Piechart_v2-2.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>More information on the <a href="https://thegraph.com/blog/announcing-the-graphs-grt-sale">GRT token sale</a> is available here: thegraph.com/blog/announcing-the-graphs-grt-sale </p><p>4% of the total GRT supply - 400M tokens - was allocated to 4,500+ persons across more than 90 countries. These delegators can contribute to the Graph Network through delegating their stake to network Indexers - like P2P - to earn indexing rewards.</p><p></p><h2 id="graph-network-staking-economics">Graph Network staking economics</h2><p>Staking in the Graph Network is a method of securing their data network and rewarding network contributions.</p><p>Node operators across the network can lock their GRT tokens to provide indexing and query processing services for improved data access. These node operators - also known as ‘Indexers’ can earn fees and indexer rewards for this.</p><p>Delegators across the network are those who hold the GRT token can stake it to contribute to the overall network security and receive a share of indexer rewards.</p><p>Delegation lets passive, less technical participants secure the Graph Network without the need to run a node.Indexers - like P2P - set a Fee and Reward Percentage which they keep, with the rest of the rewards transferring to Delegators. The annual emission in The Graph network is set to 3%.<br><br>There is no slashing risk for delegators but the current Indexer slashing percentage is at 2.5%.</p><p><a href="https://p2p.org">P2P Validator</a> currently has the largest Graph Network Indexer globally, with a 33M GRT balance and 530M GRT capacity. Our Indexer balances are available on network.thegraph.com.</p><p></p><p><strong>Address 1: </strong>0x5A8904be09625965d9AEc4BFfD30D853438a053e (0x5a89—8a053e)</p><p><strong>Address 2: </strong>0xf4a097ce3a4efbd1748b2ef2076813961e4e6fa7 (0xf4a0—4e6fa7)</p><p></p><p>Users that want to contribute to the stability and security of the Graph Network without the complexities associated with node management can delegate staking to Indexers and earn a portion of on-chain indexing reward. </p><p>To delegate GRT with us, please refer to the resources below:<br></p><ul><li><strong><a href="https://economy.p2p.org/the-graph-delegation-guide-for-locked-grt/">Graph (GRT) Delegation Guide - Locked tokens</a></strong></li><li><strong><a href="https://economy.p2p.org/the-graph-delegation-guide-for-unlocked-grt/">Graph (GRT) Delegation Guide - Unlocked tokens</a></strong></li></ul><p></p><figure class="kg-card kg-embed-card"><blockquote class="twitter-tweet" data-width="550"><p lang="en" dir="ltr">We are proud to have launched the largest <a href="https://twitter.com/graphprotocol?ref_src=twsrc%5Etfw">@graphprotocol</a> Indexer and self-bond worldwide with an owned stake of 33.4M GRT and 500M GRT available capacity.<br><br>0x5a8904be09625965d9aec4bffd30d853438a053e<br><br>See our GRT delegation guide 👉 <a href="https://t.co/MJMCtrztfY">https://t.co/MJMCtrztfY</a></p>&mdash; P2P Validator (@P2Pvalidator) <a href="https://twitter.com/P2Pvalidator/status/1341371588139229185?ref_src=twsrc%5Etfw">December 22, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> </figure><p></p><h2 id="graph-network-resources">Graph Network resources</h2><ul><li><strong>Website</strong>: <a href="https://thegraph.com/">thegraph.com</a></li><li><strong>Explorer</strong>: <a href="https://thegraph.com/explorer/">thegraph.com/explorer</a></li><li><strong>Docs</strong>: <a href="https://thegraph.com/docs/">thegraph.com/docs</a></li><li><strong>Network</strong>: <a href="https://network.thegraph.com/">network.thegraph.com</a></li><li><strong>Github</strong>: <a href="https://github.com/graphprotocol">github.com/graphprotocol</a></li><li><strong>Blog</strong>: <a href="https://thegraph.com/blog/">thegraph.com/blog</a></li></ul><p></p><h2 id="about-p2p-validator">About P2P Validator</h2><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators across 25+ high-class networks. We have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in The Graph project in 2018 and intends to run indexers in the long term.</p>

<p><em>Use this simple step-by-step guide to delegate either locked and unlocked GRT to receive a share of staking rewards. If your funds are managed by multi-sig you may contact directly @konstantin_rm in telegram or via email [email protected] for personal assistance.</em></p><ol><li>Go to<a href="https://network.thegraph.com/"> https://network.thegraph.com</a>.</li><li>Connect your wallet using MetaMask.</li></ol><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2021/02/connect-wallet.PNG" class="kg-image" alt loading="lazy" width="1902" height="672" srcset="https://economy.p2p.org/content/images/size/w600/2021/02/connect-wallet.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2021/02/connect-wallet.PNG 1000w, https://economy.p2p.org/content/images/size/w1600/2021/02/connect-wallet.PNG 1600w, https://economy.p2p.org/content/images/2021/02/connect-wallet.PNG 1902w" sizes="(min-width: 720px) 720px"></figure><p>If you have tokens locked with a vesting contract press an arrow and navigate to in in the UI. If your GRT are not vested, skip this step.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2021/02/--------------2021-02-03---20.07.05.png" class="kg-image" alt loading="lazy" width="2000" height="789" srcset="https://economy.p2p.org/content/images/size/w600/2021/02/--------------2021-02-03---20.07.05.png 600w, https://economy.p2p.org/content/images/size/w1000/2021/02/--------------2021-02-03---20.07.05.png 1000w, https://economy.p2p.org/content/images/size/w1600/2021/02/--------------2021-02-03---20.07.05.png 1600w, https://economy.p2p.org/content/images/size/w2400/2021/02/--------------2021-02-03---20.07.05.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>3.  Choose an indexer. P2P has launched two indexers. Select our indexer <strong>0x5a89</strong> from the list in the beginning if you have &gt;5M GRT or paste <strong>0xf4a0 </strong>in the search field to select the second one if you have less than 5M GRT. <br><br><strong>a) Indexer address #1: </strong>0xf4a097ce3a4efbd1748b2ef2076813961e4e6fa7<br><strong>Max capacity:</strong> 18M GRT<br><strong>Fee:</strong> ~8%<br><strong>Description:</strong> small subgraphs strategy, a little bit more volatile on short period of time, but potentially higher APY, less flexible. <strong>Best choice for delegators with less than 5M GRT. </strong><br><strong>Avg reallocations time:</strong> 3-4 weeks (or when market significantly changes)<br><br><strong>b) Indexer address #2: </strong>0x5a8904be09625965d9aec4bffd30d853438a053e<br><strong>Max capacity:</strong> 580M GRT<br><strong>Fee:</strong> ~8% <br><strong>Description:</strong> balanced strategy, with less volatile returns, higher than average Network APY (but less than APY on our first Indexer). <strong>Best choice for delegators with more than 5M GRT.</strong><br><strong>Avg reallocations time:</strong> 7-10 days (or when market significantly changes)<br><br>Press on the blue button to proceed and select <strong>Delegate.</strong></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/12/scroll-down.PNG" class="kg-image" alt loading="lazy" width="1903" height="863" srcset="https://economy.p2p.org/content/images/size/w600/2020/12/scroll-down.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/12/scroll-down.PNG 1000w, https://economy.p2p.org/content/images/size/w1600/2020/12/scroll-down.PNG 1600w, https://economy.p2p.org/content/images/2020/12/scroll-down.PNG 1903w" sizes="(min-width: 720px) 720px"></figure><p>4. In the opened window specify the amount you wish to delegate. Press <strong>Submit Transaction</strong>. You will be required to pay 0.5% GRT deposit tax.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/12/input-amount-1.PNG" class="kg-image" alt loading="lazy" width="1893" height="865" srcset="https://economy.p2p.org/content/images/size/w600/2020/12/input-amount-1.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/12/input-amount-1.PNG 1000w, https://economy.p2p.org/content/images/size/w1600/2020/12/input-amount-1.PNG 1600w, https://economy.p2p.org/content/images/2020/12/input-amount-1.PNG 1893w" sizes="(min-width: 720px) 720px"></figure><p>5. Approve the transaction using MetaMask. First, allow interaction with your wallet and second, confirm the delegation. You will need to have some ETH to pay the transaction fee.</p><p>6. After a successful confirmation you can observe information about your delegation by pressing on your account in the right top corner</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/12/my-wallet.PNG" class="kg-image" alt loading="lazy" width="1908" height="865" srcset="https://economy.p2p.org/content/images/size/w600/2020/12/my-wallet.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/12/my-wallet.PNG 1000w, https://economy.p2p.org/content/images/size/w1600/2020/12/my-wallet.PNG 1600w, https://economy.p2p.org/content/images/2020/12/my-wallet.PNG 1908w" sizes="(min-width: 720px) 720px"></figure><p>7.  Rewards are automatically added to staked deposit and paid when the indexer closes allocation. <strong>There is no slashing for delegators on The Graph.</strong> </p><p>The Graph GRT unbonding period lasts 28 days.</p><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/LnKQ69DE9wFPNdY53-Liog91UcZZyU0MmTgNkmwFEAlYrvoHxw1EdqYVtyMGsC_RAj2KQVlth7S14HD5_erh0DE9fUwLNZeXduXgIeTqMVbYM3H5y0TLT3-IShUtPMytallp0mIY" class="kg-image" alt loading="lazy"></figure><p>8. You can look at your current delegation, amount of rewards and other information in our common <a href="https://datastudio.google.com/u/0/reporting/77297334-1671-4d36-a563-443dd93a19a0/page/p_amrhxw5hnc">Rewards report</a>, just put your delegator address in the Delegator key field. <strong>If you have more than 1M GRT, please mail to [email protected] and we create your own report, customized with your wishes.</strong></p><hr><p><em>If you have any questions, feel free to ask in our <a href="https://t.me/P2Pstaking">Telegram chat</a> on contact Konstantin via email [email protected]</em></p><hr><h2 id="about-p2p-validator">About P2P Validator</h2><p>P2P Validator 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 the latest update, more than 3 billion of USD value is staked with P2P Validator by over 10,000 delegators across 25+ networks. We are early The Graph investors who participated in testnet from the day one with a goal to provide long term support for the ecosystem. We operate the biggest indexer globally with one of the highest own stake of 33M GRT and available capacity of &gt; 500M GRT making it ideal choice for large GRT holders.</p><hr><ul><li><strong>Web:</strong><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=flow_annoncement"> 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/P2Pstaking"><strong> </strong>https://t.me/P2Pstaking</a></li></ul>