I am happy to offer my services as a delegatee. I will stack your Stacks at my best effort. Reasonable amount for delegating can be as low as 100 STX. I will payout in STX proportional to your contribution to the pool. 100% of the converted BTC reward will be distributed. The coingecko price will be used. Your Stacks will be stacked for 1 cycle only.
Your stacks do not leave your account. You give us authorisation to manage your stacking.
We can lock your stxs for up to around 6 month and I manage the rewards for you. There is no other guarantee secured by 3rd parties. The protocol does not provide it. All actions are on chains and you can verify yourself.
We plan to provide a security bond for cycle 4. We hope that the Stacks Wallet will improve in this area by then.
Hi Friedger, I’m considering participating in the pool. To see if I understand well:
for the 1 cycle stacking you already have > 17k STX, so still some more to be delegated before you reach the min. 80k, correct? What if the pool doesn’t get to 80k?
for the multple cycle stacking you still have no one that delegated STX, correct?
The pool has already 450k delegated stx for next cycle, each pool address has already the required static minimum of 50k STX. All four delegatee addresses will be used with the same reward address. Therefore, the dynamic minimum is not an issue.
The Wallet won’t be ready to handle smart contract calls by next cycle. Therefore, the security bond is not really an option at the moment. To increase trust you can check that the pool address (currently) has enough stx to payout rewards.
Thanks for your answer. Is there any way for an outsider to publicly follow up on the amount of STX delegated to the pool address? For the multiple cycle address it shows for example that no transactions have taken place yet?
We decided to drop the 12 cycles. The stx will be locked for 6 cycles only. The reasons is that we don’t want to pool during the planned hard fork in August.