the commission value. Is it the value the validaor takes or is it the value (%) of the reward it gives? How can I know the reward value? Thank you in advance.
https://browse-fetchhub.fetch.ai/validators
Is this the recommended staking method for FET atm? My own risk not asking for advice 😎
Hello there. Staking is currently done on the mainnet with the native FET token via the cosmostation wallet or the Fetch.ai browser extension wallet. With respect to your other question. Commission is charged by the validators to the delegators for their stake. It's calculated as a % of rewards.
Yes. That is where my tokens are (on fetch.ai wallet by Keplr) so I can stake my mainnet FET. Understood. So it is their commission off my reward on staking right?
Yes. Commission is taken from your reward only. It's also worth mentioning that a 5% commission doesn't mean a reduction of your APY by 5%.
So for my iwn clarity (and hooefuly useful for members here) If I have 1000FET and the APY is 10%, I get 100FET in a year as reward "before commision if validator". If validator asks for 5% commision as mentioned validators list. I receive 95FET reward, they get 5 FET.
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