Staking EGLD with which provider is the best trustworthy?

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MultiversX - Community

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Staking EGLD with which provider is the best trustworthy?

#blockchain #cryptocurrency #elrond #english

0

12.01.2022

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xL M | Everstake / Won't DM FIRST

Paul | MultiversX (will NEVER DM first)
Here’s what you should be looking for: • Reliabi...

Good list

0

12.01.2022

xL M | Everstake / Won't DM FIRST

There isn't a 'correct' answer or a 'best' SP. In similar vein to Paul's answer, when choosing I would advise looking at the following: 1) Their level of expertise Check their website, blog posts and perhaps @ElrondValidators if you are tech minded. You want to go with a SP who knows what they are doing. 2) Their community engagement Do they have a Telegram channel or equivalent and how do they respond to people? 3) The general status of their node(s) Uptime and rating are very important. I would be looking for an uptime as close to 100% as possible. You can get info on individual SPs via the explorer. For example: https://explorer.elrond.com/identities/everstake 4) APR Note that it isn't a fixed number and it will fluctuate over time. I personally wouldn't go chasing the highest APR I use Everstake (obviously) and Valid Blocks mostly but I also have smaller amounts with a couple of other SPs. My bag isn't huge but I'd rather spread my eGLD around to help decentralise the network and help the smaller SPs a little as opposed to absolutely maximising my returns. 5) Guides to staking: Maiar: https://medium.com/everstake/how-to-stake-elrond-using-maiar-mobile-wallet-95a2e15d7644 Web Wallet: https://medium.com/everstake/how-to-stake-egld-using-elrond-wallet-a-guide-for-beginners-d297259c34f8

0

12.01.2022

Paul | MultiversX (will NEVER DM first)

xL M | Everstake / Won't DM FIRST
There isn't a 'correct' answer or a 'best' SP. In ...

💯

0

12.01.2022

Manu ✖️

xL M | Everstake / Won't DM FIRST
There isn't a 'correct' answer or a 'best' SP. In ...

+1

0

12.01.2022

Paul | MultiversX (will NEVER DM first) · Accepted Answer

Here’s what you should be looking for: • Reliability: they need to know what they’re doing. Favor providers with proven experience validating on the Elrond Network, at least on the testnet. • Communication: you’ll need to get information and support from them, on a regular basis. Be sure you pick a team that speaks a language you are comfortable with and matches your availability. • Economics: go for a competitive fee. While in theory “the lower, the better”, avoid 0% fees. (The fee is included in the shown APR) You can find the official Elrond Staking Providers in the “Staking Infrastructure” section of the community-run website Elrond Partners: https://elrondpartners.com/ Hope this helps 😉

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Staking EGLD with which provider is the best trustworthy?

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