However, if you are willing to put more time in, then delegating to a smaller validator helps support the decentralization of the network. If a validator drops out of the top 175, they also stop earning rewards. A validator with a low network share might not be profitable, increasing the risk of them discontinuing their services. Delegating to the most popular validators increases centralisation risks within the network as those validators will have more say in governance and produce a larger share of the blocks. Network Share: You typically don’t want to choose a validator with the highest or a low network share. Keep in mind that only the top 175 validators on Cosmos, ranked by balance, receive rewards. The default view on this page is for “Active” validators, but you can also filter to view inactive validators in the top right corner of the page. This metric has some limitations as Validators can choose to delegate to their own validator from another wallet, which is done to increase security of their funds.Ĭurrent Status: To check if a validator is currently active, go to the Validator Dashboard on Mintscan. Validators Self-Staked balance: A provider with a high amount of staked tokens likely has more incentive to continue operating their services as they have more to lose than those with low self-staked balances. Number of Users: A high number of delegators could indicate positive sentiment towards a validator. Keep in mind that validators can adjust their commission rates up or down over time. A high commission rate means your rewards will be lower, whilst a low commission rate could mean that the validator is not profitable and could cause issues for them in the future. There are many metrics to consider when selecting a validator to delegate to:Ĭommission Rates: The commission rate a validator charges is the % of your reward that the validator keeps for themselves. If that validator is a verified provider, it will have the Staking Rewards logo shown under ‘Additional information’. If you want to know which validators on Cosmos are part of the VSP, simply go to the validator page on Minstcan and click on a validator’s name. Our VSP documentation contains further details about the program, Staking Providers that are part of the VSP will have a blue checkmark displayed next to their names here. Through this program, we thoroughly scrutinize potential validators, evaluating factors such as security measures, their on-chain reliability, their provider setup, and value-added services for the whole ecosystem. It is essential for users to stake their PoS tokens with dependable and highly performant validators, which is why we have rolled out our Staking Rewards Verified Staking Provider (VSP) Program in June 2022. While your contribution and vote are highly valuable to the ecosystem, participating does not affect the sum of your rewards.īy delegating to a good long-term oriented validator, you can reduce most of your maintenance and only have to check back to restake your rewards.
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