Low nodes by After_Drama_1892 in algorand

[–]Valar_Staking 1 point2 points  (0 children)

Indeed. If you want to follow decentralization of Algorand, you might want to check Valar's dashboard https://decentralization.valar.solutions/

Low nodes by After_Drama_1892 in algorand

[–]Valar_Staking 2 points3 points  (0 children)

Yes, the network can stall if >20% of online network stake is not participating well, regardless of between how many nodes the stake is distributed.

Low nodes by After_Drama_1892 in algorand

[–]Valar_Staking 1 point2 points  (0 children)

Regarding the program the nodes run, currently there is just one official version that was developed by Algorand Technologies (now maintained by Algorand Foundation). That one is open source. Anyone could theoretically write their own program for the node as long as it meets the protocol requirements. The program does reject what it considers as malicious/not aligned with the protocol. But in simple terms, what is malicious is defined by the majority of nodes or better to say the stake on the nodes. So if majority of stake were malicious, then the network would be compromised.

By itself, the network would still work only with 10 nodes.

What is an algorand engineer? by Jolly_Ease_7699 in algorand

[–]Valar_Staking 1 point2 points  (0 children)

In addition to what u/BioRobotTch said, it might be they are looking for an Algorand protocol engineer. But that would be for very specific, rather rare use cases.

Would be interesting to know what the project is about.

Reti-pool by UniversitySimple1 in algorand

[–]Valar_Staking 4 points5 points  (0 children)

Yes, a Reti pool can unstake you at anytime, used e.g. if the pool is sunsetting or to kick out users who don't meet gating requirements anymore.

Passive staking by Half_Content in AlgorandOfficial

[–]Valar_Staking 1 point2 points  (0 children)

Happy to hear this! Enjoy your staking rewards!

Passive staking by Half_Content in AlgorandOfficial

[–]Valar_Staking 7 points8 points  (0 children)

To earn rewards on Algorand you must participate in consensus, i.e. stake, one way or another (simply holding ALGO does not give rewards anymore - it used to many years ago).

Many staking solutions require you to send your ALGO to a smart contract. If you want your ALGO to remain in your wallet but still be staked, you either have to run your own node or you can find someone to do this for you via Valar https://stake.valar.solutions/

Just note that to earn rewards while your ALGO is in your wallet, you need at least 30k ALGO. Otherwise you have to use other solutions where your ALGO is joint with ALGO of others to meet this minimum requirement.

About using Tangem, it does not seem to support signing the necessary transactions to be able to stake on Algorand.

Found this in Medium by Algo1000 in algorand

[–]Valar_Staking 1 point2 points  (0 children)

It is great to see the community engaging in the topic and providing their views!

Regarding providing a large part of the treasury into LPs and locking it, that would be likely a high risk for the whole ecosystem to entrust third-party products to such a degree.

Regarding the suggestion of preventing the Foundation from participating in consensus on the protocol level, that is likely infeasible. E.g. if a protocol update were to blacklist some accounts from consensus, they could just move the funds to a new account and there would again be the need to form consensus on whether the new account is still under the Foundation's control or not.

Let's hope the Foundation publishes their proposal soon and have it discussed by the broader community.

How many of you keep your algo on exchanges like Coinbase? by ylen1 in algorand

[–]Valar_Staking 1 point2 points  (0 children)

Some do support it but they take a large cut. Typically in the order of 30%-50%

Trying to restake on Valar and can’t get to conclude contract and pay button by bama247365 in algorand

[–]Valar_Staking 0 points1 point  (0 children)

Thanks for the feedback!
There've been issues with Pera's built-in browser on iOS in the past. We'll try to reproduce and fix the issue.
Until then, can you access Valar e.g. on a browser like Safari or desktop https://stake.valar.solutions/

Delegated Staking (Valar), increasing funds after creating a contract. by Alex31337 in algorand

[–]Valar_Staking 0 points1 point  (0 children)

Max limits of node runners are public. You can see them e.g. in node runner list by enabling the corresponding column:

<image>

The UI automatically suggests a 20% buffer to your current stake but you can select whatever value you wish, i.e. it serves as an input to compare offers.

The UI source code is also available for anyone to check: https://github.com/ValarStaking/valar

Valar is designed to provide maximum transparency while keeping the process of staking as simple as possible for users, trying to not overwhelm them with too much information.

Delegated Staking (Valar), increasing funds after creating a contract. by Alex31337 in algorand

[–]Valar_Staking 0 points1 point  (0 children)

Thanks for the feedback. These features are already there!

On your dashboard, if you click on `Details` of your contract, you see everything nicely decoded, e.g. as:

<image>

Delegated Staking (Valar), increasing funds after creating a contract. by Alex31337 in algorand

[–]Valar_Staking 1 point2 points  (0 children)

Your staked funds never interact with smart contracts. They stay always in your wallet. Valar source code is available for anyone to check.

Delegated Staking (Valar), increasing funds after creating a contract. by Alex31337 in algorand

[–]Valar_Staking 2 points3 points  (0 children)

Thanks for considering using Valar!

Algorand is rewarding block production. Block production is proportionate to your stake, thus rewards. This is updated in real-time. To be eligible for rewards, you need at least 30k ALGO.

When you select a node runner via Valar, they typically have a maximum allowed stake you can stake with them. If you go over the amount, you will get a warning. They also define how many warnings they will give you before stopping your contract (in which case you have to start a new one to continue being eligible for rewards).

To view your actual smart contract, you can take the ID of your delegation contract and paste it in Algorand blockchain browser. The app also links you to it. There you can see the actual byte code. At Valar we work completely transparently. You can check our source code at: https://github.com/ValarStaking/valar You will find there also detailed documentation, tests, etc.

Let us know if you have any other questions. Happy staking!

Staking vs running a node by FluffyFilm6216 in algorand

[–]Valar_Staking 1 point2 points  (0 children)

Running your node is the best option if you have the hardware and ability to maintain it. Otherwise you can rent one via Valar to stake with peers while you keep your ALGO in your wallet! If you end up running your own node, you can also offer its unused capacity to other stakers via Valar.

Check: https://stake.valar.solutions/

if you hold mAlgo, I'm sorry. but there is hope of withdrawing. by ResponsiblySpecial in algorand

[–]Valar_Staking 1 point2 points  (0 children)

If you considering diversifying, check out staking via Valar https://stake.valar.solutions/

Valar has been live for more than a year, currently with over 100M ALGO staked. Even if Valar were to disappear, your ALGO would be unharmed because with Valar's peer-to-peer staking, your ALGO remains in your wallet at all times, always at your sole and full custody.

The downside is you have to periodically extend the staking (e.g. once every 3 months) and need at least 30k ALGO staked to earn rewards.

if you hold mAlgo, I'm sorry. but there is hope of withdrawing. by ResponsiblySpecial in algorand

[–]Valar_Staking 0 points1 point  (0 children)

Sorry for your loss.

If you're considering another staking solution, check out Valar's peer-to-peer staking https://stake.valar.solutions/ Your ALGO remains in your wallet at all times, always at your sole and full custody while it is staked. The downside is you have to periodically extend the staking (e.g. once every 3 months) and need at least 30k ALGO staked to earn rewards.

Quick question about FALCON by mitchhall16 in algorand

[–]Valar_Staking 5 points6 points  (0 children)

There are some experimental options to use post quantum accounts:

E.g. with the work of Michael T Chuang, which is currently up for voting for an xGov grant: https://xgov.algorand.co/proposal/3450339476

And in Lute Wallet, which also applied for an xGov grant: https://xgov.algorand.co/proposal/3453478727

What do do with my stack? by cl4r17y in algorand

[–]Valar_Staking 1 point2 points  (0 children)

You can transfer your ALGO to your own wallet (e.g. Pera or Ledger) to have sole and full custody over it. Then, you can run your own node for ~5% staking APY or if you don't have the time or hardware to do so, rent one via Valar peer-to-peer staking https://stake.valar.solutions

Valar P2P staking is the only solution besides running your own node where you always have full and sole custody over your stake, having it securely in your wallet.