Regarding to recent changes in undelegation time, I was thinking, it might be a good idea to add auto-stake (restake) option in dashboard for the delegators who would like to restake their collected rewards automatically for compounding. This will help with the hassle of manually collecting rewards and then restaking them for each epoch and also the effective staking rate in the long term.
By setting this option, all the collected rewards in the current epoch and from now on, by default, will be restaked with the same validator, from the start of the next epoch and will get to collect rewards. As the new undelegation period is 0, under any circumstances when a delegator wants to get their tokens back, they can easily undelegate them and have access to their tokens at the start of the very next epoch.
About the current limitation for the manual restaking which is 1000 ONE, this limitation could be waived for the restake option. In any case, this option doesnât impose a new limitation for those delegators, although my suggestion is this option be accessible and applicable for such cases as well.
Please let us know your opinion and possible considerations or suggestions which you might have.
I think that this is an outstanding idea! I love where youre going with this!
May i recommend that it is variable, if possible? That way if someone only wanted to claim 25%, and redelegate the rest, they would be able to do so. Does that sound like it might be a good feature?
I agree that it would be helpful to have âAuto Restakeâ implemented and button ON/OFF and I also agree that it might be helpful if we can lower the minimum delegation allowed !
Are you referring to auto-redelgation, as in a community member can toggle a switch so that at a given point, their rewards are automatically claimed and delegated to the current validator? If so⌠i definitely support this proposal!
If this idea is widely supported by the community. Would you mind creating a formal proposal with more details about the feature specification (possibly working with Mindstyle on this). Then we can go through the formal governance voting process and get it passed.
Hi!
I believe this is definitely the way to go. Just like the Cardano staking, having the epoch yield automatically restaked and compounded. Iâm surprised this hasnât been implemented, yetâŚ
Starting of, I also was confused, that this was not an option. I totally support this idea! But, as mentioned in the OP, it must be optional, as the benefit of not having it auto-compounded by default is that the rewards can be claimed instantly, whereas the unstaking takes several epochs.
Exactly what you described. We were commenting on the official Telegram Harmony One group.
This self-delegation feature makes everything so much easier.
Thus the âmineiradasâ join the delegated coins for the next season.
Hi yaâll. I know this is really old, but I made a small video to show how this could work visually and functionally. Let me know your thoughts on this, please. I really would love auto collect and auto restake.
I think itâs a cool concept. Iâm no expert on harmony, but the withdrawal is an transaction, so you need to sign and pay a fee. Also undelegation takes 7(?) epochs, so I donât see a huge benefit in auto-collect.
On the user experiece side I would say the interaction is way to complicated.
Persons who are new would be massivly confused by the interface, thatâs
why I would prefer a simple âauto-stakeâ toggle,
as it was already mocked up by @C10NU7
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