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Earning rewards through Songbird (coming very soon)


Seoulite
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3 hours ago, brianwalden said:

So what I see right now Bifrost is earning twice as much as FTSO-AU which is earning 3 times as much as FTSO-EU.

I was not expecting that level of disparity.

I have those two as well, but AU was only ~ 20% more than EU. 

Might take a few weeks for things to stabilize ?

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4 hours ago, Fireballseven said:

Around 2.6% yield for me so far if I’m calculating it right - rewards / delegated amount x 100. FTSO AU and FTSO UK

But that is over a period that is not a day and not a week isn’t it?

So it’s only if you take the rewards over a full week (EDIT: or other known period) that you will know the APY.

Edited by BillyOckham
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37 minutes ago, BillyOckham said:

But that is over a period that is not a day and not a week isn’t it?

So it’s only if you take the rewards over a full week (EDIT: or other known period) that you will know the APY.

Yeah, just a current estimate for that time. It’s now 3.8% for me per my delegated burds 

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5 hours ago, brianwalden said:

So what I see right now Bifrost is earning twice as much as FTSO-AU which is earning 3 times as much as FTSO-EU.

I was not expecting that level of disparity.

where can you see this? I'm delegating with best-FTSO but so far looks like I've earned around 5% (staked for three days now)

Edited by Xrpdude
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8 hours ago, brianwalden said:

So what I see right now Bifrost is earning twice as much as FTSO-AU which is earning 3 times as much as FTSO-EU.

I was not expecting that level of disparity.

With proof of stake the larger pools find blocks more often but the rewards is split between more accounts. When the smaller pools find a block, they share that block with less accounts and the rewards are higher. In the long run it evens out. 

example pool A has 50% the vote and pool B has only 1% of the vote. 

Say you had 1% of the potential voting power. 

If you vote for pool A, you receive 2% of every second block. 

If you vote for pool B you receive 50% of every 50th block 

Either way works out to 1% of the rewards given enough time 

edit:
A median vote like sgb may work differently. 

The larger pools have more voting power and are more likely to win the 50% median vote. 

example if a pool had 51% of the vote, it would receive all the rewards. 

this may be why a test network was launched. Voting power could become highly centralised.

Edited by jargoman
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6 hours ago, Fireballseven said:

Yeah, just a current estimate for that time. It’s now 3.8% for me per my delegated burds 

I have about 0.63% after around 17.5 hours of this rewards epoch. If maintained that would be 6% in a week.

Provider performance is varying widely. I spread my delegation over six, with multiple wallets. Scandinodes leads Bifrost by quite a margin.

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