Harmony (ONE) Staking - All information about Harmony staking - DropsEarn
Harmony

Harmony ONE

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Reward

10.28%

Compound Reward

10.83%

Inflation

6.56%

Price

$0.2711

Adjusted Reward

5.24%

Adjusted Compound Reward

5.79%

Total Staked

44.41%

Lock-Up Period

-

Market Cap

$2,930,045,400

Staking Providers

Provider
Reward
Lock Up
Minimum Holdings
Fee
Binance Staking

Binance Staking

Reward
0.36%
Lock Up
1-30 da
Minimum Holdings
175 ONE
Fee
0.00%
InfStones

InfStones

Reward
11.81%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
SNZPool

SNZPool

Reward
11.81%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Figment Networks

Figment Networks

Reward
10.49%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Bit Cat

Bit Cat

Reward
10.49%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Everstake

Everstake

Reward
10.49%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Honest Mining

Honest Mining

Reward
10.49%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Mitera.net

Mitera.net

Reward
10.49%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
BitMax Staking

BitMax Staking

Reward
10.49%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Chainode Tech

Chainode Tech

Reward
10.15%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Sesameseed

Sesameseed

Reward
10.15%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Validator.Center

Validator.Center

Reward
10.15%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Smart Stake

Smart Stake

Reward
10.15%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Wetez

Wetez

Reward
10.15%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Staking4All

Staking4All

Reward
10.11%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Blockdaemon

Blockdaemon

Reward
10.12%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
YieldWallet.io

YieldWallet.io

Reward
10.12%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
KeepNode

KeepNode

Reward
10.12%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
Nodeasy

Nodeasy

Reward
10.12%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
hodl.farm

hodl.farm

Reward
10.12%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
KysenPool Dragon

KysenPool Dragon

Reward
9.95%
Lock Up
No lockup
Minimum Holdings
1000 ONE
Fee
0.00%
MyCointainer

MyCointainer

Reward
10.70%
Lock Up
No lock-up
Minimum Holdings
ONE
Fee
0.11%
Guarda Wallet

Guarda Wallet

Reward
8.08%
Lock Up
1,5 days
Minimum Holdings
ONE
Fee
0.00%

About Harmony Staking

Harmony has designed a novel Proof-of-Stake (PoS) mechanism for network security and economics. Effective Proof-of-Stake (EPoS) reduces centralization and distributes rewards fairly to thousands of validators.

Staking mechanism supports delegation and reward compounding. To support 100% uptime but fully open participation, EPoS slashes validators who double-sign and it penalizes elected but unavailable nodes.

Harmony Economics Model caps the annual insurance at 441 million tokens (about 3% rate in long term). This model gives validators a simple and predictable return. All transaction fees are burnt to offset the insurance, naturally leading tozero inflation when network usage becomes high.

Delegators

For those wishing to participate in staking without running a validator, delegation is the best approach to still get involved and earn block rewards. Harmony ONE holders can delegate their tokens to existing validators using staking explorer: https://staking.harmony.one/. If the tokens are delegated to an elected validator, a portion of the block reward earned by the validator will be credited to the delegator (according to section Block Reward).
 

The earned block rewards are stored in a separate reward balance of the delegator, which can be immediately withdrawn to the delegator’s account balance. The block rewards can also be staked again to achieve the compounding effect of staking.

Your delegated tokens are also associated with slashing risks of the validator. As a delegator, you should carefully choose validators based on their historical performance metrics such as APR, uptime and commission. In case of indifference or indecisiveness, you should distribute your delegations among multiple validators in order to minimize risk.

Validators

Currently there are 320 open validator slots, 80 on each shard, to validate new blocks and vote to reach consensus using FBFT algorithm where a 2/3 quorum of votes is needed for consensus.To be able to vote, validators need to have voting shares bonded to them. One bonded voting share grants one vote for a validator to cast in the FBFT consensus. As detailed in whitepaper, Harmony blockchain runs in epochs and one epoch lasts for every 16,384 blocks, which is roughly 1.5 days in current block time. Within an epoch, the validators in each shard stay the same and run consensus repeatedly.
 

Harmony’s Effective Proof-of-Stake (EPoS) is the first staking mechanism in a sharded blockchain that achieves both security and decentralization. EPoS allows staking from hundreds of validators and the unique effective stake mechanism reduces the tendency of stake centralization. Meanwhile, stake delegation, reward compounding, double-sign slashing, and unavailability checking are also supported.

 

How to Delegate

You can go to Harmony Staking Dashboard to delegate/undelegate tokens, claim rewards and manage your delegations. Currently, staking transaction is supported on Ledger Nano S, Harmony Browser Extension and Math Wallet, you can log in or create a new address via those three wallets.

  1. Math Wallet
  2. Ledger
  3. Harmony Wallet (Harmony Browser Extension)

Validator Setup and Configuration

A validator in Harmony blockchain is a single person or entity who stakes tokens and runs nodes (validator client software) to validate blocks. A validator can specify one or multiple validating keys (a.k.a. BLS keys) which will be used to sign on validated blocks.
 

To become a validator in Harmony, you will need to do the following:

  1. Setup a validator node(s) and let it fully synchronized with the latest blockchain. 

  2. Create an on-chain validator record by sending a CreateValidator transaction. 

  3. Start validating using the node(s) with the BLS key(s) you added in your validator record
     

There are many fields to configure for your validator. It’s worth clarifying some of the important fields in more detail:

  • Amount: The amount of ONE tokens the validator will stake initially.
  • Rate: The commission fee (%) the validator charges from the block reward. 
  • Bls-pubkeys: One or multiple BLS public keys the validator will sign with. Each BLS key will be used separately to bid for a slot and if successful, the key is obligated to validate blocks. 

Harmony Staking: Delegation 101

About

Harmony is a fast and secure blockchain with key innovations in state sharding and peer-to-peer networking.

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