Top 10 Validators on Terra - by Voting Power
Top 10 Validators on Terra - by Voting PowerTerra Ecosystem - Let's take a look at the top 10 validators by total voting power. How much LUNA is delegated to them, and what factors might be the reason for it?Top 10 ValidatorsWhat are Validators?
Let’s take a look at the top 10 validators on Terra by total voting power (total LUNA staked/delegated to them). Then we will discuss the factors that go into choosing a validator to stake with/delegate to. Top 10 Validators - by total voting powerThis is interesting! Most people who stake on the Terra network have known Orion.Money to hold the #1 spot by voting power for a long time. It looks like this has finally been flipped! We will go over why that happened later on. Let’s highlight the top 5 to start.
Of these top 5 validators, they hold a total of 92,757,558 LUNA - 27.83% of all delegated LUNA. So what attributes are important when selecting a validator? Staking/Validator CriteriaWe've taken a look at the top 25 delegators and the validators that they stake to, but why are choosing these validators? There can be many reasons why. https://docs.terra.money/validator/faq.html Things to keep in mind when choosing a validator to delegate your LUNA to can include:
Voting PowerVoting power represents the amount of LUNA that is delegated to a validator. In the percentage value above, that represent the percentage of LUNA out of all the total staked LUNA in the ecosystem. So in this case, B-Harvest has 6.93% of all LUNA voting power.
Self-Delegation
Validator CommissionValidator Commission is a bit more important to me as a LUNA delegator if we compare it to the last 2. It is basically what it sounds like - validators take a certain commission of the rewards from your staked LUNA. Many validators have 0% commission, meaning that all of your staking rewards go directly to you, but there are pros and cons to it.
UptimeFinally, we have uptime. It is exactly what it sounds like. 🙂
Conclusion/InsightsI mentioned before, that most people who delegated LUNA on the Terra network have recognized Orion.Money as the #1 validator by voting power. There is another factor that I didn’t mention above, because it is not tied directly from the Terra Documentation. Validators can incentivize delegators to stake with their validator by offering additional rewards in the form of tokens, NFTs, and other benefits! Orion.Money guaranteed every delegator a percentage of ORION tokens - in addition to all LUNA stakers. If you staked LUNA, you got the airdrop. But if you staked LUNA with the Orion validator, you got an additional airdrop. There are quite a few validators that offer incentives like this - a newer concept that was recently offered by the Galactic Punk validator. They offer the ability to win Galactic Punks by delegating LUNA to their validator! I look forward to seeing how validators continue to come up with creative ways to incentivize their delegators! Thanks for reading! -Brian brian_#3619 on Discord Comment & Earn!Share your thoughts and opinions on the topics covered within this blog in the comments below for your chance to win yourself an NFT. Click here for more information on our engagement rewards. If you liked this post from Cryptowriter, why not share it? |
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