Moonbeam & Moonriver Staking Dashboards — Tracking and Simulation
The Moonbeam and Moonriver Staking Dashboards are two powerful data dashboards that track staking activities in the Moonbeam & Moonriver Network and provide simulations of different staking schema. They allow users to find the optimal staking strategy based on the current ranking of collators and delegators’ stakes.
Staking in Moonbeam & Moonriver
Moonbeam & Moonriver use a block production mechanism based on Polkadot’s Proof-of-Stake model where Collators maintain the parachains. Token holders can stake tokens to vouch for specific collator candidates and earn staking rewards. The candidates in the active set of collators are selected based on their stakes (self stake + delegator stake) in the network. For detailed information, please read the Moonbeam Documentation.
In short, users can nominate a collator candidate by staking tokens and adding up the collators’ stake. In return, when the collator produces a block and earns rewards, they will share the rewards amongst all of their nominators.
For a staking schema that optimizes rewards, one should consider the following aspects:
- Your supporting collator must be in the top 48 collators on Moonbeam and top 64 on Moonriver respectively by stake to be eligible to produce blocks and start to earn rewards.
- You must be in the top 300 nominations by stake in that collator’s campaign to be eligible for rewards sharing.
- Your rewards will be based on how much you contributed VS the total amount of contributions the collator received. So the greater the proportion, the higher the rewards will be.
The Moonbeam & Moonriver Staking Dashboards
For example, at the top of the Moonbeam dashboard, you can find the
block number, and
round progress to keep track of the current status of the network.
The above table gives an overview of the currently active set of collators and their staking campaigns: the information of all collators and their delegators, their
latest RPM (the reward per MOVR),
APY, and the rank of their total stakes.
You can also view the detailed list of delegators of a selected collator along with their stakes and the percentage. The historical reward earning events in each block are also shown on this page.
Web3Go has built a simulator that helps you make smart decisions taking all the aforementioned considerations into account.
Simulate, you will find the reward history in the last 10 rounds of a collator’s campaign. The line graph above shows the total stake, the rewards of the delegators, and the RPM of this campaign. You could also find the minimum, maximum and average rewards per MOVR and the volatility score of the rewards, which indicates how volatile/stable the rewards are.
More importantly, you can estimate a real-time reward in this campaign using the
Estimate Reward feature: type in the amount of MOVR you intend to stake, then the system will show information including your stake’s ranking in this campaign, reward range, and how much your competitors are staking. You would want to stay at least above the top 100 among the delegators to receive any rewards from this campaign.
You might repeat this action by looking around and checking on other collator campaigns’ estimated rewards. By comparing the rewards, you could potentially find the campaigns that provide higher rewards with a less amount of staking.
Watch this video for a dashboard walk-through:
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