🥩Validator
The EDGE CLUB node and buyback system.
Validator name
Validator address
Direct link to stake
Validator fee
100% -> 50%
We've dropped our fee from 100% to 50%.
When the validator reaches the top 100, you will start earning XRD in addition to your $EDG rewards.
Validator rewards
12.57% of the $EDG supply has been allocated to the EDGE CLUB validator reward pool (all of the founders coins have been reallocated to this pool) Originally we said we would cut the EDG rewards by a fixed amount of 50% after a couple of weeks validating and delegators earning 50% of the XRD generated. However, we want to make sure our delegators are always getting a great APY. Here's a quick breakdown of how I will look: Current EDG price = 0.00000014 -> APY = 10% EDG price = 0.00000030 USD to 0.00000059 -> APY=20% EDG price = 0.00000060 USD or greater -> APY>20% (This is without including the extra APY that will be earned in XRD when EDGE CLUB validator enters the top 100) In more detail:
APY from EDG rewards We will only lower the amount of rewards once the APY hits 20% and we will only lower it to keep it at 20% and no lower. What this means is that if the EDG price doubles from here and hits 0.00000030 USD and remains above that price the APY will remain at 20%. At the same time we will never cut more than the original 50% of the 12.57% validator rewards that we said we would. What this means is that if the EDG price 4x from here and hits 0.00000060 USD (EDG ATH) and remains above that price, the APY will rise above 20%. On the reverse, if the EDG price begins to drop we will use the 12.57% reserve to keep the APY as high as we can.
APY from XRD rewards (extra) Based on what the validator generates
HOW TO CLAIM
Where: https://dexteronradix.com/rewards
When: Every 2 weeks the rewards will be added to the pool to be claimed.
How: Daily snapshots are taken to properly calculate the allocations.
RECAP:
The XRD generated from the 50% fee will be used to buyback $EDG
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