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A Simple Guide to How Wrapping and Delegating Work


brianwalden
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32 minutes ago, Cam1 said:

Thanks, 

ok, so you delegate before the start, but when is the best time to change delegations so you still receive a reward for that week?

Delegations take effect in the next epoch if they are in by the lock in time. 
 

The lock in is a randomly selected time between Thursday and the start of the epoch.

 

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Once ‘locked in’ the delegations and amount stay the same for that epoch. The balance is taken at that lock in snapshot and even if you unwrap you will receive rewards over the epoch.

Delegations remain in effect permanently (until changed) but any change won’t take effect until the next epoch.

Any newly wrapped Songbird tokens will be auto allocated to the delegations that you have in effect and will start earning rewards at the next epoch (assuming you beat the lock in snapshot time).

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