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Official smart-contract of staking
All TON community has been waiting for ages when it will be implemented. The deadline of its release was postponed for whole quarter due to changes of priorities of development of TON Foundation in favor of NFT smart-contract, and now it’s finally ready.
In brief, it has the following conditions:
1. Current validators’ yield is approximately 13%;
2. The official smart-contract divide it in 60 to 40 proportion, where nominator gets 60% and validator gets 40%. Thus, annual percentage rate of nominator is near 7%.
Such a big commission to validator can be explained by the willingness of TON Foundation to provide validator with more money for paying a high-quality hosting that will guarantee stability of exact validator and the Network at whole. Besides, there is a limitation in each validator: only 40 slots for nominators and the minimal sum of deposit is 10 000 TON.
We have already an unofficial catalogue of validators where you can see who propose their services of staking TONs exactly on the smart-contract from TON Foundation.
Generally, in other blockchains such ratings are usually sorted by two main criteria of validator’s efficiency:
- the amount of their commission (how much from total revenue they will leave for nominator);
- failure resistance (how may times it has broken down) because in POS-consensuses validators get fines for their nodes’ refusals. At most, this fine is taken from their personal stake but affects little percentage of nominators’ stake who deposited funds there as well.
From this the whole economic efficiency of your funds is composited.
Considering that in TON Foundation’s smart-contract the size of commission is fixed and in unofficial catalogue there are no such parameter as failure resistance, in general you have no options. Everything is absolutely the same and the only thing you can orientate on is the amount of stake that lies in certain validator. It can witness to some extent it’s authority.
And now the main question: why staking by TON Whales with their unofficial smart-contract gives bigger yield (11%)?
The answer is simple: because it’s decentralized market and everyone can launch their staking. Especially taking into account inflexibility of the official smart-contract.
Whales propose staking with few clicks through their own wallet TON HUB. The minimal amount of deposit is 50 TON (contrary 10 000 TON from the officials).
The only disadvantage of Whales’ staking – it’s not a full decentralization of the contract. There is so called set-code in it’s code. The creators can edit it, therefore in theory assign the funds of their nominators. But it’s worth reminding that Whales reserved the bank of 1 million TON (now they have 7,5 mln TON in their validator) as a guarantee of their integrity. The Bank is kept by the TON Foundation as an insurance.
So, standard dilemma: more convenient and profitable Whales staking contrary more secure but less profitable and convenient official.
What will you choose? Feel free to write it in comments.
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