I’m staking with TerraStation, what does the commission rate mean?

Question

Terra Classic - $LUNC

Pulsar

I’m staking with TerraStation, what does the commission rate mean?

Is it he staking rewards I will get or the validator charges?

#blockchain #cryptocurrency #english #luna

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08.02.2022

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Pulsar Автор вопроса

Peter Martin
Things to know before selecting a validator: Vali...

Thanks. This is very helpful

0

08.02.2022

Peter Martin · Accepted Answer

Things to know before selecting a validator: Validator should have a tick mark after the name. It means the validator is trustworthy, is officially verified by terra and is less likely to be a scam. All the terra-trusted validators are listed in the official Github account. Terra-money Github page: https://github.com/terra-money/validator-profiles. Validator should be able to earn rewards. If “Active” is written within the green box after the name of the validator in the station page of the validator, The validator is said to be in the active set. Only bonded Validators(“Active” written) can earn rewards. Validator’s Uptime should be maximum. Uptime refers to how often the validator is gaining rewards. 100% uptime means the validator earns whatever amount of rewards but all the time. Validator commission should be minimum: Validator commission is the percentage of our rewards taken by the validator as commission. Max Commission rate and Max daily commission change should be minimum: If the validator decides to increase the commission rate, they won’t change it to more than anything that is mentioned in “Max Commission rate”. They cannot change it in the blink of an eye. They will change the commission rate with the percentage mentioned in Max daily commission change. You get to see this in the station page of all validators with their respective Max commission rate and max daily commission change. Useful Link: https://www.youtube.com/watch?v=VCRp5xisgb8 https://twitter.com/staderlabs/status/1441499925263552513?s=28

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I’m staking with TerraStation, what does the commission rate mean?

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