RadiumBlock enables digital asset holders to participate in the growth of the blockchain by supporting the consensus mechanism through staking. By providing key infrastructure with high-uptime and advanced monitoring, we aim to be the ideal staking partner - your validator of choice.
RadiumBlock charges reward fees on staking networks. The fees however are only applied on the rewards earned from staking and not the total amount staked. In other words, as a nominator you always benefit from staking.
There are currently 70 validators in the Polkadex system. Polkadex intends to have up to 150 validators in the network by the end of the year, with the number increasing/decreasing later via on-chain governance. The amount staked determines your chances of being nominated as a validator. For example, to earn the title of trusted validator in that era, one would currently need to stake around 8000 tokens. Adding more validators, on the other hand, does not guarantee more rewards. Regardless of the amount staked, each validator will receive an equal share of the rewards. A higher stake does not always imply a higher return. Polkadex is a relatively new entrant into the staking world. As a result, you can expect to earn up to 83% APY now but of your investment back in the first year. In the future, as the system stabilizes and the number of validators grows, the rewards is projected to reduce and stabilize at 10-15% APY.
Our commission will be set at a certain percentage of the reward tokens earned. The remaining funds will be distributed across all in the validator pool. RadiumBlock.com currently has only one validator node. To obtain a stronger footing in the sector, we aim to scale up and add more nodes.
For example if you hold 1000 PDEX and nominate RadiumBlock, you will receive an estimated 830 PDEX after a year. The reward tokens are calculated and paid periodically (i.e. not at the end of the year).
The return percentage can also change periodically. Please check on polkadotjs wallet (https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmainnet.polkadex.trade#/staking/targets ) for most upto date APY information.
Reward = 1000*83% = 830
Fee = 830*10% = 83
Reward received after 1 year = 830 - 83 = 747 PDEX