DFinity Fudges Your Staking Rewards
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- Опубликовано: 20 май 2024
- As we all know, your eight year neuron earns a daily reward which can be reaped at the time of your choosing as long as the balance is above 1 ICP. A small but critical detail that is overlooked however is that your neuron disbursement is not always equal to the staking reward amount listed on the dashboard. One of my eight year gang members pointed out an instance where he was actually disbursed less than what the staking dashboard promised. He asked me to do a video on the matter so here it is. In this episode, I proceed to explain the modulation algorithm that deducts from your staking rewards. I recommend creating a proposal to eliminate this modulation algorithm that cheats us from obtaining our full reward.
Instagram: JamesAllan0
Patreon: / cityxcape 
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That's the beauty of ICP; we can vote on it 🙂
Big Facts
YES 🔥
@@cxc I can see some benefits for the ICP community by the creation of this scandal by allowing us to get the idea that by a prudent and calculated choice of timing allows to get MORE ICPs than it would be otherwise. ))))
@@Tubekilemar Yeah I'm starting to see a bigger picture regarding modulation, video update coming up soon
This was a motion accepted by the voting community some time ago, and is designed to prevent too much selling when the price is heading down. There are times, when price is increasing, when you can get more for your ICP, I did get 10.03 for a 10 dispersal not too long ago. Just follow the ICP dashboard which makes everything very clear.
I did not know any of this, but between your comment and James that makes sense. All this is good to know.
Yeah I just found out the dashboard recently... new video update coming soon with some new intel
@@cxc Brilliant cheers.
Excellent info thx!!
Yep! I've witnessed getting more ICP a while back ago on 2-3 different occasions
Happy either way! We are all blessed & early❤😇
I staked for 8 years and after watching this video I feel very upset that we don’t get exact amount. We should all do proposal!!
Hell yeah let's get rid of this garbage 🤣
Just spawn when its positive number, you get more. Damn people are so stupid.
I agree ,,, the dirty wankers
@@henn000 agree, this is easier then people make it out to be. You can get MORE icp if you just wait a bit for the function to go up
@@henn000it takes 7 days for the neuron to spawn. How can you predict what's going to happen in the next 7 days. Please do share!
Hello James, I don't see any😅 issue with that, personally I wait until the modulation calculation is near 0.05, then I disburse my maturity, you need to watch the governance section in the ICP Dashboard.
Really.... tell me more. How do you do that exactly.
In the ICP Dashboard, go to Gevernance Section then scroll down to Maturity modulation part, there is a graph that display where the modulation is, Personally I disbure when the chart is in the top so for each 1 maturity I will get aprox 1.04 - 1.05 (it is even expalined in the chart title: (100 maturity converted to ICP)). For now you need to wait because the modulation rate is negative. All my disburses in the past I got greater than the maturity itself.@@cxc
@@sqlservertutorials758 Thank You, this is a good topic, I hadn't a clue.
Nice one James we need a video on this of you getting more icp for cashing in the maturity. Cheers
nice❤😇@@sqlservertutorials758
The one time I noticed the difference it was actually I'm my favor. I Remer thinking wow, I got more than it said.
I think that after reading it. Its not bad at all. And if you truly understand the 10% wiggle room between 95%-105%, it makes you even more bullish. The maturity is a bonus from the beginning. Secondly the maturity modulation is perfect when $ICP is trending upward. Because for 100 maturity, you have the potential of getting 105 liquid $ICP. I read this in December and it was 1 of the MAIN reasons I committed to 8 years staking. Seriously think about it.. If you are in this EARLY, it will always trend up from where you bought it at in the future. You are winning with 10k $ICP James. The short term stuff you shouldn't worry so much about. YEAR 3 for a 20 YEAR roadmap. You have a great platform and great intelligence. You are already a #Legend my bro. My goal is earning 1 $ICP a day. Your killing it already! Soon your investment is going to be one of the best moves you ever made in life. Be humble, & be blessed! 😇
I think some one has already posted on when to spawn your neuron seeing the statistics on dashboard of IC.
Its alright brother. You are straight forward. ICP community will always come to help you ❤
Dfinity created maturity modulation to reduce selling pressure when the markets are down, since the modulation can swing from ±5% its best to disburse neurons when the markets are in an (strong) uptrend since you get (up to) 5% more ICP. All staking participants are affected by modulation including dfinity, so it isn't just targeting retail users.
Love that you talked about that. Every coin pretends to be perfect. Hope Jerry Bandield follows suit and brings this up.
I get it and understand. Balance the scale and when they give more, please put together a video together for the community.
You got it!
This is the problem with ICP. It not your typical coin. It is complex and way ahead of the curve when it comes to technology. Some people who have invested their money, doesn't even know the nuance of the coin. This has been addressed multiple times if you've read the maturity modulation process.
Many so called crypto influencers don't understand ICP, if they are investing in Altcoins and don't even bother to cover ICP once in awhile, I'll never pay attention to them.
@thorazine0076 It's a complicated project for sure. I've held this for 2 years now and it's still a baby. Sometimes I think I understand what ICP does, but it's so technical and complex.
@@Pepening I recently have been going to a local BTC meeting, these guys are sharp, but they don't know anything about ICP. I was telling a coder about it, he said it wasn't possible, I showed him the team and talked for about 10 mins, he said he was going to look into it. They have that deer in the headlights look, they think everything is just a copy of ETH. lol
Shopify and Revux teaming up is a game-changer. Big things ahead!
Thanyou for the update bro , God bless u❤
Dude keeps it real.. been trollin... subbed..thanks bro
Their intent is good. The tokenomics right now could be a factor that prevents new investors to come into the ecosystem due to inflation, however they shouldn’t shaft the existing user base. I think the proposal give the option for people already staked to opt out of changes even if it’s pushed through
We should at least have some type of dashboard to show what the modulated icp price is.
And it already exists...
There is... I will do a video on that soon!
@@Fantasy2400 It does indeed. About to update the community on it
I find myself waiting for your ICP info
Much love, Much respect
Agreed let’s vote it out
I live in Italy if they put exact coins in place of the maturity I think I would have to pay taxes on them even if I didn't intend to cash them. I want to make compound interest until 2029 so I'm fine with things being like this,
Lucky you!
Thanks for the information... Remember, if the market for the month average increased, you would have received more ICP . It's a market driven process. Don't spawn on a down market if you can help it 👍
Revux is the talk of the town in all my crypto circles. Big things coming!
Agree, let’s vote yes.
I believe if you spawn in a bull movement you receive negative price impact and if you spawn in a bear moviment you will receive more icp... all depends on the price action in the days before
I added to my eight year stake it took 20 plus days from my maturity neuron
💯 agree!
That's easy, the price changed.
Hearing so much about Revux in my crypto groups. Definitely on the rise!
A few times I got more. So it is an average for sure.
We need to vote that sh** off 🤣
@@cxc do you know any game developers that would be interested to help with a launch on ICP?
@@Mike_ICP I do know some game developers that can help you with that but your wallet would have to be deep. They're expensive
Yeah bro 👍 I agree with you
Agree with you fam
Presales are where the money’s at, and Revux is the best opportunity right now.
What you said 💯
Even though I would vote the modulation out
If you sell maturity regularly, assuming everything is fair, it all averages out.
I recommend finding out when dfinity are converting their maturity and do it when the do it.
If this was 10K coin it would hit different for a lot of people after seeing the loss. We should never accept being short changed as it would never be accepted the other way around.
I love your excellent proposals for ICP improvements.
When you disburse on daily basis the total amount would average out. Sometimes more sometimes less. I was on range when I disburse my big bag of ICP. Right now I try to avoid accumulating too much
good info. Do you know if your staking APY % go down with a flow/ current market staking? Meaning , when i staked it was 22% at 8years, now it's 16% . do i keep my 22% for 8 years ? thx for the input
you can just watch the modulation function on the ICP dashboard and spawn maturity when its high.
it usually stays high or low for weeks at a time
As a short term solution, I think you can just time it pretty easily and get a bit more ICP out then you spawned
So bullmarkets are a bad time to spawn neurons because on average price will be higher then the MA, but after sharp declines or in bear markets, you should on get more ICP.. Weird mechanic, I'd like to know what the point is.
I'm waiting for the propusal bro!
Ngl i don't have THAT much of power, 100😢
Ya if you go to the dashboard, click the governance tab at the top - about half way down is the maturity modulation trend to see where we're at. I didn't know about this - Either way, it makes me more confident in the project with how much was already accomplished and thought out. Even if this modulation maturity mechanic wasn't a thing, i'm not trying to bite the hand that feeds me lol, getting 15% returns is ridiculous, and crypto will kill dividend investing in the traditional markets in the future imo.
Dfinity would vote no therefore all their aggregated voting power would auto reject.
Smart man! That's very true
Thanks for the explanation!
Can you make a video of sending ICP from an exchange to the ledger and after to staking in ICP?
🤙
Some interesting comments below with waiting until Maturity Modulation is positive? Great topic thanks for catching that, maybe a follow up video?
Yeah a follow up video is definitely coming soon... I got some new intel
So what I noticed James, is that if I start spawning when ICP is expensive and the spawning ends when ICP is cheap, I get slightly more ICP at the end and vice versa. So it's not always lesser ICP, it all boils down to how the price trends during the spawning period. Same thing is happening to ICS maturity. Sometimes you receive more, sometimes you receive less. Sometimes you receive exactly the same amount.
And another note,, Exchanges out right Rip people/customers off! And it just seems like business as usual.💯Just saying.
I didn’t really look through the number so let me know if I am wrong however it seems like this would just make income more predictable and constant because it uses the average price over a month so if there are spikes it helps even it out
I like your content James, but "us regualr folks" is probably me and others like myself with 100 staked and less, you have 10k ICP brother (that's £100k GBP where I am) it's been plain to see the modulation on spawning for ages now, I don't wish to create friction here (and I don't know you're schedule) but you say you don't have time to raise a proposal against this and ask for "us" to raise it instead, the majority of "us" can't afford 10 ICP to raise a proposal
No friction here mate. I think you underestimate the power of the average person. I certainly hope someone puts up a proposal to change this modulation. Just keep in mind that 10 ICP can be crowd sourced
@@cxc It could be yes, but again that would be the small guy paying out, absolutely no disrespect here buddy but you've got a lot of wealth there brother, perhaps if you didn't wish to raise the propsal alone you could crowd source that initially too? Anyhow, best of luck
All in on BTC and Revux, with a small bet on SOL and ADA.
How many ICP to stake for 1 ICP daily reward with the final 5%?
Feed an AI tool the whitepaper and your correct staking rewards %/Dissolve delay numbers and calculate it that way.
I am here to sign that proposal ✍️
My bull run picks: LINK, UNI, and SOL. Best presale? Hands down, Revux.
Amen
Looks like the 8yr reward has dropped to 15.5%. Which is not amazing considering the 8yr lock. DOT is @ 17% with a 28 day lock up.
If I stake now can it still be 8 year or is it too late ?
You'll get the amount you spawned plus or minus 5%. It's impossible to calc the exact amount since the data you need to take the average of refreshes too fast. But def +/- that 5%.
I love the open verbiage! We could be friends! 😊
Once we have mass adoption
We can submit a proposal to change this.
I'm with it
If you’re into presales, Revux is a must-have. Early birds get the biggest worms!
Predicting a 100x surge for Revux post-Binance launch.
Everyone’s talking about Qventi lately. Feels like another Revux situation.
This can actually be a good concept if it can be tweaked a little. Instead of getting rid of this, how about a proposal where when it gets in the negative, the $ICP gets burned. It can add on to the leveling of the down pressure when sakers sell their rewards. What you think?
You such a cool dude❤️
I honestly thought the amount you receive from your staking rewards is based off the “maturity” percentage they have on dashboard that varies from 95%-105% so you may get a little less or a little more depending on the time you spawn the neuron. Or am I just wrong?
Thanks for making a video about this. Yeah I'm with you this is not good at all. That 2 ICP you lost will mean a lot when ICP around 1000 USD each. So yeah fvck it.
Consolidating my portfolio to focus on BTC and Revux, maybe a touch of LTC.
I feel the same way about it. I thought the only time price was considered was when you buy and when you sell. What happens in between should not matter. Staking rewards, I thought, were paid based on the amount of tokens you hold, not the value of the tokens you hold. If tokens are rewarded to you, that's the amount you should receive. Exchanges will charge plus Uncle Sam wanting his percent, so this seems like another grab at your money. Hope we can fix it.
how do we rise proposal
is this happening to our daily rewards? i got 743 ICP staked at 8.6%. that should equal roughly .17 ICP per day.....yet I notice only .10 ICP is rewarded every day. Anyone else having this discrepancy? Am i missing something?
Trust me, you need to jump on Revux ASAP!
Revux has 100x potential after its Binance listing. Mark my words.
I can relate; I earn 8.22 in maturity’s daily but when I spawn it’s usually 8.14. It’s infuriating at face value.
#ICP4life
Big Facts! DFinity needs to stop playing fr
I just stake 5390 ICP I wonder what my rewards will be
@@kelvinbroadnax8265 use ICP Neuron Calculator just type it in the brower, fun to play with
Whaaa whaa whaa
It's explained so technically you should know it could be more or less.
Let's look at the flip side, probably not B A S if you would have got 2 more tokens than you anticipated rather than 2 less.
Warrants a vote from the holders, let the people decide.
First regulatory friendly privacy coin for ETH is experiencing new upward discovery currently up over 12% warrants further investigation at only $0.15 trading price.
Moved all my funds into BTC and Revux. This presale is too good to pass up.
i plan to depend on that income in 4 years 🤬
Nice Content… BR Thomas
Thx for sharing this posted on OC. DFINITY has some explaining to do
Big Facts
100%✓
You said you may get more or less?,
Is there any case report that somebody spawn and get MORE??
I guess that will do well in understanding the modulation..
If at all any get more ICP while spawning his maturity
The documentation says you can basically get -+5%, in my case it's always been minus so far. I'll let you know when it's + 🤣
Thanks, a lot brother, you really doing a philanthropic JOB by informing us...
An ICP holder from NIGERIA ICP TO THE MOON 🌙🌙🌝🌝🌝🌙♥️💯
@@nurulhaqumarbako3526 You gonna be stunnin on them
It's a big reward anyway
Lido DAO up 30% over last 24 hours.
difinity done this because tax avoidance
thieves.
Who else thinks Revux will outperform XRP soon?
Sounds like you broke the golden rule of investing. Never invest more than you can afford and if you're relying on staking income to pay rent than you're the one "f*cking with your own money"
99 problems
Vote this nonsense out!
🤣🤣🤣
Is it just me, or is Qventi getting a lot of attention like Revux?
Only broke people stress about this
Hey bro it sucks if you get less but great if you get more. Bro…your anger is misplaced. Kinda of a turn-off actually. It’s beneath you. Things can be handled with much more civility. Proposal and vote
Don’t care tbh 😊
That's cause you're flushed with cash 🤣🤣🤣
@@cxc haha no not at all but keeping the mindset of the rich 🤑😝
@@importantlist379 I like that