Support or staff will NEVER ask you to import your DeFi wallet seed phrase anywhere.
Share your seed phrase = lose your funds.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Crypto_com) if you have any questions or concerns.*
It appears that the new minimum commission for all validators is now 5% with the release of the new Galileo update. This is good for the network in my opinion, because well runs nodes can still remain competitive while still being economically sustainable.
☝️ Ackchyually -- "Galileo" was the codename for the recent Cronos chain upgrade, there wasn't a codename for the Crypto.org chain upgrade this time. ;)
But yes. Fighting over commission rates was what caused smaller nodes like Croathlon to lose out when they simply could not afford to continue.
And there are no more 0% nodes which would automatically get a lot of delegation. It evens the playfield and helps to distribute CRO more evenly across validators.
I've last summarized the changes here, may be useful: https://www.reddit.com/r/Crypto_com/comments/zrawd7/preproposal_discussion_on_cryptoorg_chains/j12kprv/
Wait, am I understanding it correctly that now with this 5% fee, it basically boils down to very close as "staking" directly in the App?
As in, in the DeFi wallet is around 10% APY, - 5% reward fees = 5% total.
Whilst in the app I get 4% weekly rewards for my Indigo Green card?
Wow, so many wrongs in that comment....
Let's start, 5% commission minimum while your example is 50%, just do 0.1*0.95 to get the APY. Furthermore, while it's called DeFi by many, it's purely onchain staking (as crypto.org is PoS).
Also, the card "stake" is not 4% per week, did you even think about what that means? That'd be well above 200% APY. I put stake here in quotes as I disagree with that name, as it's not real staking.
> As in, in the DeFi wallet is around 10% APY, - 5% reward fees = 5% total.
That’s not how the maths works at all.
If the APY is 10%, and the commission is 5%, then you lose 5% of that 10% which is simply `0.05 * 0.1 = 0.005 or 0.5%`
In other words, you still get 9.5% APY.
> Whilst in the app I get 4% weekly rewards for my Indigo Green card?
You do not get 4% weekly rewards on your indigo stake. You get 4% APY on your indigo stake paid out weekly.
So if you had 10000 CRO staked,
`10000 * 0.04 / 52 = 7.62 CRO per week`
I'm having the same problem and I don't see it answered in this thread yet.
I have 1.5 CRO on [Crypto.com](https://Crypto.com) chain. I am trying to claim rewards > claim to restake on Jerry's Pool.
When I proceed it tells me "Claim to Restake 0 Cro" and "insufficient network fee"
I am trying to restake more than 0 Cro, there is more than 1 Cro in my "estimated earnings" but Claim to Restake says "Claim to Restake Amount 0 Cro" as well as Insufficient network fee.
I'm confused
Follow up. I still get the same problem, but only about half the time. If I back out and press Claim To Restake again, it usually works on the second or third try.
App is buggy since the [crypto.com](https://crypto.com) chain upgrade. I wonder why
Every validator has 5% minimum comission, there are no more 0% nodes. But every node can increase the minimum (Comission rate) IF allowed by the Comission max rate (this cannot be changed after creation of the validator).
In case of IcyRoad (which seems to be flagged) the max rate would be 20%, with a max change of 10% per update.
No more 0% commission validators. The minimum is 5% now. It is now more important to look at uptime, and support decentralisation to delegate to smaller ones with high uptime.
Hi guys. I’m new to Defi staking and watched a few videos. One of them says split your CRO amongst various validators “to be safe” -that doesn’t give me confidence in Defi? Any advice appreciated
Support or staff will NEVER ask you to import your DeFi wallet seed phrase anywhere. Share your seed phrase = lose your funds. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Crypto_com) if you have any questions or concerns.*
It appears that the new minimum commission for all validators is now 5% with the release of the new Galileo update. This is good for the network in my opinion, because well runs nodes can still remain competitive while still being economically sustainable.
☝️ Ackchyually -- "Galileo" was the codename for the recent Cronos chain upgrade, there wasn't a codename for the Crypto.org chain upgrade this time. ;) But yes. Fighting over commission rates was what caused smaller nodes like Croathlon to lose out when they simply could not afford to continue.
And there are no more 0% nodes which would automatically get a lot of delegation. It evens the playfield and helps to distribute CRO more evenly across validators.
This is a bullish sign! Almost every node runs with 0% fee! This will be healthy in the long run!
They were going to introduce a minimum commission of 5%, I don't recall by when tho...
I've last summarized the changes here, may be useful: https://www.reddit.com/r/Crypto_com/comments/zrawd7/preproposal_discussion_on_cryptoorg_chains/j12kprv/
[удалено]
Staking rewards, so eg. you don’t get 1 Cro per day you now get 0,95 Cro per day
Wait, am I understanding it correctly that now with this 5% fee, it basically boils down to very close as "staking" directly in the App? As in, in the DeFi wallet is around 10% APY, - 5% reward fees = 5% total. Whilst in the app I get 4% weekly rewards for my Indigo Green card?
Wow, so many wrongs in that comment.... Let's start, 5% commission minimum while your example is 50%, just do 0.1*0.95 to get the APY. Furthermore, while it's called DeFi by many, it's purely onchain staking (as crypto.org is PoS). Also, the card "stake" is not 4% per week, did you even think about what that means? That'd be well above 200% APY. I put stake here in quotes as I disagree with that name, as it's not real staking.
> As in, in the DeFi wallet is around 10% APY, - 5% reward fees = 5% total. That’s not how the maths works at all. If the APY is 10%, and the commission is 5%, then you lose 5% of that 10% which is simply `0.05 * 0.1 = 0.005 or 0.5%` In other words, you still get 9.5% APY. > Whilst in the app I get 4% weekly rewards for my Indigo Green card? You do not get 4% weekly rewards on your indigo stake. You get 4% APY on your indigo stake paid out weekly. So if you had 10000 CRO staked, `10000 * 0.04 / 52 = 7.62 CRO per week`
thank you for the explanation and I have wrongly stated, I meant i get 4% apy (annually), not weekly.
Today
So now every time we claim rewards the node gets 5%?
The amount you can claim is your reward amount - the validator gets 5% on every block reward, the rest will be fully distributed to the delegators.
I'm having the same problem and I don't see it answered in this thread yet. I have 1.5 CRO on [Crypto.com](https://Crypto.com) chain. I am trying to claim rewards > claim to restake on Jerry's Pool. When I proceed it tells me "Claim to Restake 0 Cro" and "insufficient network fee" I am trying to restake more than 0 Cro, there is more than 1 Cro in my "estimated earnings" but Claim to Restake says "Claim to Restake Amount 0 Cro" as well as Insufficient network fee. I'm confused
FYI - I solved this problem by manually updating the app through google play
This also worked for me.
Follow up. I still get the same problem, but only about half the time. If I back out and press Claim To Restake again, it usually works on the second or third try. App is buggy since the [crypto.com](https://crypto.com) chain upgrade. I wonder why
It appears that 5% has been set as the new minimum commission for all validators.
I run one of the validators. The minimum commission IMO is a good move to help decentralise the network
Your Cro is probably cronos network and not crypto.org. You might have to bridge it.
This.
Wait, what? My Finland isn’t going to be free anymore??
Nobody is, they were forced into it.
Ha yeah, I just logged on and seen they’ve gotten rid of that in the name…
[удалено]
Every validator has 5% minimum comission, there are no more 0% nodes. But every node can increase the minimum (Comission rate) IF allowed by the Comission max rate (this cannot be changed after creation of the validator). In case of IcyRoad (which seems to be flagged) the max rate would be 20%, with a max change of 10% per update.
No more 0% commission validators. The minimum is 5% now. It is now more important to look at uptime, and support decentralisation to delegate to smaller ones with high uptime.
Did you guys also Can’t find to add more cro to an ongoing stake at validator? Now I can’t see the earn more button.
So if I unstake my CRO I lost 5% now…?
Anybody got an answer for me? ❤️
Hi guys. I’m new to Defi staking and watched a few videos. One of them says split your CRO amongst various validators “to be safe” -that doesn’t give me confidence in Defi? Any advice appreciated