Attention Atom delegators with Sunflower validator: there has been a commission rate change from 0% to %99.
06 Jul 2023, 12:05
👨🚀🧑🚀👩🚀Attention Atom delegators with Sunflower validator: there has been a commission rate change from 0% to %99.35 that you should be aware of.
EDIT: After this post, Sunflower Validator has recently decreased from 99.35% to 0.49%!
💡We remind you that you always have the option to redelegate your Atoms to other validators via your wallet.
🎯Please note that the initial redelegation occurs immediately. After the first one, you must wait 21 days for the next redelegation.
🪄Tips for Choosing Validators:
❌Avoid Choosing an Exchange Validator: Exchange validators do not participate in governance and do not directly contribute entire interchain ecosystem.
✅Initial commission rate: The validator charges a commission rate on staking rewards delegators earn. Delegators can earn more staking rewards if they choose a validator with a lower commission rate.
✅Commission max change rate(Daily): It's important for delegators to carefully examine a validator's commission details before delegating, as it can change daily.
✅Maximum commission: Delegators need to be aware that a validator can adjust their commission rate to the maximum rate listed on their profile.
✅Commission rates: are subject to change at any time. Monitoring your validator through channels such as Telegram/Twitter and checking your wallet/Cosmos explorers daily/weekly is recommended to stay informed.
⚛️Self-bond amount: refers to the percentage of bonded ATOM that belongs to the validator, which is their "skin in the game."
🤌Decentralization: To enhance blockchain security, it is important to prioritize decentralization. Choosing smaller validators can aid in achieving this goal.
🏛️Governance Participation: Validators can vote on proposals on their delegators' behalf. This parameter indicates that a validator actively contributes to proposals and has a voice to represent its delegators.
🔎Explore the participation parameter via Mintscan