For staking, what is this commission percentage I see beside

Question

Injective

Chris Smith

For staking, what is this commission percentage I see beside

the validatrors names? What is this commission?

#cryptocurrency #english #injective

0

29.09.2021

10 ответов

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Chris Smith Автор вопроса

So commission is how much the validator gets? But, why do I care as a staker? I don't need to pay their commission or anything right?

0

29.09.2021

🌊Alex (I will never DM you first )

The commission represents the percentage of the delegator's rewards retained by the validator in exchange for providing access to Injective. For example, if this rate is set to 5%, then delegators will receive 95% of the rewards while the node validator will receive 5%.

0

29.09.2021

Varun Singhal

No, from your 5% rewards, a commission is deducted, you will get 5%*(1-0.07) = 4.65% net APR after deduction of commission.. Hope it is clear now

0

29.09.2021

Chris Smith Автор вопроса

Ah, I see. Thanks. So generally, I wanna pick a validator with low commission.

0

29.09.2021

Varun Singhal

Yes. but also consider the reliability of the validator to avoid slashing