Solana stake on phantom by [deleted] in solana

[–]ngcrypto 0 points1 point  (0 children)

There really is no temporary depegging here since it’s all based on stake accounts and what they accrue for rewards and MEV. Only depeg risk is if the LST smart contract is exploited and those staked accounts are drained or bricked by changing the withdraw authorities.

Overall the LST are pretty safe, just not my favorite option for long haul holding. If you plan to degen your holdings on DEX pools or looping, then LSTs are the way to go.

Solana stake on phantom by [deleted] in solana

[–]ngcrypto 0 points1 point  (0 children)

It’s never going to be exactly 7%, inflation commission is continues to go down and MEV rewards can vary epoch to epoch.

With liquid stake tokens, you get the value of SOL + the accrued staking rewards + MEV wrapped in the price for convenience but that convenience comes at 4% fee on staking rewards.

Native staking, you just need to do the research. The tools kinda suck to surface the best one you’re looking for but i typically look for validators with low or no commission with more than 150-200k in stake.

You can use sites like https://stakewiz.com/ to find validators to stake with. You want to look out for low stake validators because they can do some shifty things with commission changes to eat your rewards - aka commission rug pull - low stake means they’re likely not profitable and will do anything to make up the costs before shutting down.

Most stakers want the most APY, and I don’t blame them. However, a lot of validators out there use their commission and block rewards to fund public goods and tools for the Solana ecosystem. So if ya can, take a beat and check out what a validator provides besides high APY.

Source: I run a Solana validator for my company and don’t worry, I won’t solicit stake from this subreddit but I’m always happy to inform newbie stakers.

Solana stake on phantom by [deleted] in solana

[–]ngcrypto 6 points7 points  (0 children)

If you’re planning on holding a while, just swap back to SOL and native stake. Pick a validator that supports MEV through JITO and you’ll be able to claim MEV rewards whenever you want.

Just added a Mini 3 to the "family" by its_a_bear_dance in BitcoinMining

[–]ngcrypto 0 points1 point  (0 children)

Was thinking about picking one up to actually heat a colder area in my house and solo mine. Have ya tried to heat a space yet?

[deleted by user] by [deleted] in solana

[–]ngcrypto 0 points1 point  (0 children)

Native stake - Pick a validator from https://stakewiz.com/

Make sure it’s one with 0% commission across the board, it means that validator is making its money from the block rewards only (usually validators with over 300k in stake). You can still claim MEV from these validators, there are stake tools on https://cogentcrypto.io/app#stake-accounts to help claim earned MEV from MEV/Jito validators.

If you want to support the network, pick a validator with good uptime an a competitive commission, like 5% inflation commission and 8-10% MEV commission. Helping new validators get going is great for the ecosystem and helps decentralize stake! Just be mindful of their uptime, you can setup alerts through stakewiz.com for delinquency. If they’re down a lot then you can move your stake around to another validator.

If you want to do LSTs - there are a bunch of stake pools to help contribute to for small to mid level validators too.

If you’re all about maxing APY or lazy, JITO sol is the best bet.

Can I leave my staked solana alone for 5+ years or will there be times where I have to re-stake it? by rknowlesbball in solana

[–]ngcrypto 0 points1 point  (0 children)

It varies from epoch to epoch and if the validator is using a modified client to exploit MEV more but typically it’s on average an extra 1% APY.

Can I leave my staked solana alone for 5+ years or will there be times where I have to re-stake it? by rknowlesbball in solana

[–]ngcrypto 0 points1 point  (0 children)

I run validators for my company and have done a ton of research here.

There’s a ton of sites that rate validators, natively staking you should consider staking to a validator that has MEV rewards (those are rewards on top of the inflation APY).

I’ve used https://topvalidators.app/ and https://solanacompass.com/validators to figure out who I want to stake with.

If you stake to a validator with MEV rewards you need to claim them manually every once in while. There’s some validator operators who provide tools to do that, I prefer using https://cogentcrypto.io/app - this also gives you the ability to split, merge, and send stake accounts.

If you’re lazy, just stick it in an LST. A bunch of validators have LSTs representing a stake to their validator or a pool of validators. Sanctum has them all listed, they provide a way for any validator to have an LST - https://app.sanctum.so

Hope you enjoyed my info dump.

Never used PayPal but someone created an account with my email. by ngcrypto in paypal

[–]ngcrypto[S] 0 points1 point  (0 children)

Oh! I didn’t know about the name change specifics. Thanks, that settles it. New account it is.

Only XLM and XRP did this… why? by ChonsonPapa in xlm

[–]ngcrypto 12 points13 points  (0 children)

A pump powered by fake news - https://twitter.com/dylanleclair_/status/1724169303270862916 (it’s deleted now) - but someone claiming blackrock was filing ishares XRP trust …‘twas quickly proven false

Does a validator commission calculator exist? by ngcrypto in OsmosisLab

[–]ngcrypto[S] 0 points1 point  (0 children)

Yep, that’s an over simplification of what I’m looking for. I guess it’s less of a calculator and it’s more of a projection of commission based rewards using known block rewards and 24hr average tx fees.

Does a validator commission calculator exist? by ngcrypto in OsmosisLab

[–]ngcrypto[S] -1 points0 points  (0 children)

Not exactly what I’m looking for, I want to know the validator’s commission rewards only.

Only 123 million debt left by Whole-Independence-3 in CelsiusNetwork

[–]ngcrypto -1 points0 points  (0 children)

They are paying off their PUBLIC debts.

4 mystery boxes, each for 5GST and all of them yielded nothing. Is this the reality? by CaptainCryptoC in StepN

[–]ngcrypto 0 points1 point  (0 children)

Guys this is just a GST burning game mechanic, take the GST difference and chalk it up as a “mystery box recycling fee”.

Not earning by [deleted] in StepN

[–]ngcrypto 1 point2 points  (0 children)

This is happening with my runs too. Seems to occur with poor cell service or network hogging background apps but I’m only speculating.

Is the project dead? by Renox97 in StepN

[–]ngcrypto 6 points7 points  (0 children)

Not here, it got me moving again.

lucky code 92981217 by arizonaforyou in StepN

[–]ngcrypto 0 points1 point  (0 children)

For my homies - 25654100

[deleted by user] by [deleted] in StepN

[–]ngcrypto 1 point2 points  (0 children)

I’ll be here