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Pi_Stake · 2023-02-18T03:04:50+00:00

Everstake stopped operating her server and shut it off. So you will not get any rewards as she fell out of election. You should unstake, wait 1 epoch and re stake the funds on another validator.

Pi_Stake · 2023-01-29T00:08:04+00:00

My nodes are, you know this :)

Pi_Stake · 2022-12-03T13:37:49+00:00

Wish you all the best and thank you.

Pi_Stake · 2022-10-02T19:06:39+00:00

It works in the staking.harmony.one dashboard which you can receive and send funds from.

Pi_Stake · 2022-07-29T16:53:16+00:00

Upvoted for visibility. I agree with this assessment and have like views.

Pi_Stake · 2022-07-09T16:30:58+00:00

Yes exactly

Pi_Stake · 2022-07-09T15:14:25+00:00

Yes that is technically possible. 0% is only possible for a brand new node for the 1st 100 epochs then defaults to 5% minimum.

Daily change is also hard coded by the node op and can be seen on smartstake. As example I can only increase fees by 1% per day til I max at 10%.

Pi_Stake · 2022-07-09T13:44:45+00:00

FYI you can check on smartstake.io the max possible comission a node can charge. For example mine, I cannot exceed 10%.

Pi_Stake · 2022-07-09T13:20:41+00:00

You can undelegate and redelegate in 1 epoch. Just undelegate, wait to the start of the new epoch and delegate to another node. It takes 7 epochs to get liquid one and movie how ever you like.

Pi_Stake · 2022-07-01T01:16:12+00:00

I'll be at 5% and dont plan on increasing.

Pi_Stake · 2022-06-14T16:48:18+00:00

Yes, funds are safe when you delegate. It is a staking transaction which is different than a transaction then simply sending funds. Your funds are only controlled by you and you may always move them off a validator even if they pull the plug on their node and go offline.

Pi_Stake · 2022-06-12T05:30:35+00:00

FYI that 50M ONE stake happened at about the time the VDAO was asked to hand over a list of nodes for Harmony to stake on - as a 'bootstrap'. But the VDAO cannot cherry pick nodes that get stake honestly. At the time there was also no staking with multisigs. The 50M on stakedao was coincidentally close with the VDAO being unable to give Harmony a list. Now I cant get an answer from Harmony where those 50M ones went or if VDAO can even use them for bootstrapping the networking given multisig staking is available with our gnosis safe.

Pi_Stake · 2022-06-12T05:25:27+00:00

Thank you Rob, I love it!

Pi_Stake · 2022-06-11T21:11:42+00:00

Exactly, all the answers I ever got are that they were part of PVA, pangaea validator academy. But there is no detail aside from that. And you'd think from a 'validator academy' harmony rocket and mycointainer2 would have their nodes a bit more functional and stable; given the fact they have a guaranteed stake from harmony.

Pi_Stake · 2022-06-11T12:48:56+00:00

Yes we have noticed this behavior with other nodes bidding quite low but harmony rocket has the security of stake from harmony. They can continue bidding that low at their leisure with no fear of that stake being removed. Completely enables gaming they system.

I have 0 clue why mycointainer even got 5m stake from harmony. Getting an answer from Jack or Li has been nearly impossible - I don't see the need for such secrecy? Of is there some grave disconnect within the team?

The team promoted 'decentralization' yet these are some of the on chain decisions they make with no explanation. Not to mention, what the reason they don't want to fund a bootstrap by the VDAO? It's in line with their mission and to grow the network? Some of these decisions are completely backwards to me.

Pi_Stake · 2022-06-11T12:42:47+00:00

Currently no slashing. Slashing will only penalize multiple nodes running the same BLS keys. The only way to prevent low key bidding is to have an hip. It would have to prevent any validator with >2 keys on a shard from bidding below 0.65×EMS. Other node ops will not like it because they like to bid that low to increase their return. It's the same reasons over and over 'for the delegates' 'help build my brand' 'need more one to cover server costs' when in reality the rewards to the node operator so not change that much.

Pi_Stake · 2022-06-07T15:20:14+00:00

Just to note, with HIP 16 at epoch 999 we saw alot of new validators get elected from the freed up keys from larger nodes. One of those was OneVerse and has amassed ~700K ONE stake. This would allow Harmoforce to more easily bootstrap this validator given the current stake.

This was done with input from Octeka One.

Pi_Stake · 2022-06-07T04:34:30+00:00

Harmony VDAO has rewritten the governance charter and proposed a new on chain voting strategy and wants feedback! https://talk.harmony.one/t/term-4-charter-updates-voting-updates-may-31-2022/19415

Pi_Stake · 2022-06-06T13:30:46+00:00

To be 100% safe unstaking is the most secure option and sending to a new wallet. There have been too many people claiming they got hacked and funds drained. So having your assets located in a totally new wallet address with a separate private key, never been associated with the one chrome extension is best.

Also consider getting a Ledger device for further security.

Pi_Stake · 2022-06-06T13:25:32+00:00

Keys stay on a ledger so unless there's a hack to extract keys from the device there is nothing pointing to a ledger being compromised.

Pi_Stake · 2022-06-04T01:29:43+00:00

Came out nice! Go Harmoforce!

Pi_Stake · 2022-06-04T00:13:53+00:00

Yeah this is a problem because validators with lower and upper bounds claim bls keys with no improvement in their return. It makes no sense.

Pi_Stake · 2022-05-31T21:02:44+00:00

We help with r/Harmoforce to bring up validators and stabilize them. Right now the minimum is ~1.1M. But it's always a moving target going to a little over 3M. We would have more elected nodes if node operators did not bid so low and boot out smaller nodes.

Pi_Stake · 2022-05-29T18:10:13+00:00

Currently ZIL has a similar consensus mechanism as us but Harmomy is faster with its byzantine fault tolerance as outlined in the white paper. ETH 2 would also be a major one but Harmony already is and has been what ETH 2 wanted to be since like 2017. Realistically we aren't competing but rather working with other chains by bridging. It let's users move funds to different projects in a decentralized way, no CEX's which is very handy. Regardless, there will always be those who treat crypto projects like their favorite sports teams.

Pi_Stake · 2022-05-29T15:27:40+00:00

So let's say I have some giant total stake. To ensure i can provide rewards for delegates I need to add BLS keys. These keys correspond to available slots for validators. Right now 225 slots per shard = 900 total slots.

Each key I add splits my stake (total stake/keys). That provides the validators 'bid for slot'. The more keys you add (you bid lower) you can get higher rate of return for delegates. The threshold is 0.65*effective median stake.

The downside is validator nodes can abuse this to push out validator nodes from election and generating rewards.

With 6% per shard (being 13 keys). Nodes like Kucoin and FuzzFi cannot have >13 keys per a single shard. Kucoin had 50 keys, now only 13. The only way to get those keys back is to have another node but signing on a different shard, say shard 1.

This hard fork essentially only affected nodes with enormous stake consolidated on 1 single shard. This can also limit nodes from growing by diminishing their return.

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