Skip to content

Commit ba7bf3f

Browse files
authored
Update delegating.mdx
1 parent 6ef79c1 commit ba7bf3f

File tree

1 file changed

+5
-8
lines changed

1 file changed

+5
-8
lines changed

website/pages/en/network/delegating.mdx

Lines changed: 5 additions & 8 deletions
Original file line numberDiff line numberDiff line change
@@ -8,7 +8,7 @@ Delegators are network participants who delegate (i.e., "stake") GRT to one or m
88

99
- They earn a portion of an Indexer's query fees and rewards by delegating to them.
1010

11-
**How does this work?**
11+
## How does this work?
1212

1313
- The number of queries an Indexer can process depends on their own stake, **the delegated stake**, and the price the Indexer charges for each query. Therefore, the more stake allocated to an Indexer, the more potential queries an Indexer can process.
1414

@@ -44,7 +44,7 @@ As a Delegator, it's important to understand the following:
4444

4545
Whenever a Delegator wants to undelegate, their tokens are subject to a 28-day unbonding period. This means they cannot transfer their tokens or earn any rewards for 28 days.
4646

47-
**Why is this important?**
47+
### Why is this important?
4848

4949
If you choose an Indexer that is not trustworthy or not doing a good job, you will want to undelegate. This means you will be losing a lot of opportunities to earn rewards, which can be just as bad as burning GRT. As a result, it’s recommended that you choose an Indexer wisely.
5050

@@ -62,7 +62,6 @@ In order to understand how to choose a trustworthy Indexer, you need to understa
6262
- **Indexing Reward Cut** - The portion of the rewards the Indexer will keep for themselves.
6363
- If an Indexer's reward cut is set to 100%, as a Delegator, you will get 0 indexing rewards.
6464
- If it is set to 80% , as a Delegator, you will receive 20%.
65-
> Note: At the beginning of the network, Indexing Rewards will account for the majority of the rewards.
6665

6766
<div sx={{ mx: 'auto', maxWidth: '700px' }}>
6867
![Indexing Reward Cut](/img/Indexing-Reward-Cut.png) *The top Indexer is giving Delegators 90% of the rewards. The
@@ -71,8 +70,6 @@ In order to understand how to choose a trustworthy Indexer, you need to understa
7170

7271
- **Query Fee Cut** - This is just like the Indexing Reward Cut, but it applies to returns on the query fees that the Indexer collects.
7372

74-
> Note: At the start of the network, returns from query fees will be very small compared to the indexing reward. It is recommended that you pay attention to the network to determine when the query fees will start to become more significant.
75-
7673
As you can see, in order to choose the right Indexer, you must consider multiple things.
7774

7875
- It is highly recommend that you explore [The Graph Discord](https://discord.gg/graphprotocol) to determine which Indexers have the best social and technical reputations and which reward Delegators consistently.
@@ -100,7 +97,7 @@ The formula is:
10097

10198
Delegators should consider the proportion of the Delegation Pool they own.
10299

103-
- All delegation rewards are shared evenly, with a pool rebalancing based on the amount the Delegator deposited into the pool
100+
All delegation rewards are shared evenly, with a pool rebalancing based on the amount the Delegator deposited into the pool
104101

105102
This gives the Delegator a share of the pool:
106103

@@ -112,9 +109,9 @@ This gives the Delegator a share of the pool:
112109

113110
Finally, consider the delegation capacity.
114111

115-
- Currently, the Delegation Ratio is set to 16.
112+
Currently, the Delegation Ratio is set to 16.
116113

117-
**Why does this matter?**
114+
### Why does this matter?
118115

119116
This means that if an Indexer has staked 1,000,000 GRT, their Delegation Capacity is 16,000,000 GRT of Delegated tokens that they can use in the protocol. Any delegated tokens over this amount will dilute all the Delegator rewards.
120117

0 commit comments

Comments
 (0)