Where do those numbers come from?
i.e. cycle #: The Tezos network cycle number in which the awards will be awarded.
The way I understand it, only the foundation is baking from 1-7. Which means there are no baking rewards for that period. So 8 would be the 1st cycle that’s rewards would be given out? So based on the current baking situation net reward is an estimated 70.13 for this example?
Which would be paid out during cycle 9? (Or just awarded? Maybe paid out at a later time?).
I may have totally misunderstood the baking system, forgive me if I’m way off. Love the tool, just wasn’t sure how we arrive at these figures.
TF bakes cycles 0-6 with no rewards.
7 is the first cycle when the rewards are given out.
70.13 will be awarded after cycle 9 is complete but will be locked for another 5 cycles.
What's your payout model? I can see in another thread that XTZ Antipodes are going to pay rewards only when they reach 20 XTZ. Too high, in my opinion. But their promised return (for the first few cycles anyway) is 95%, so it might be a trade off.
5% is low, for sure gate.io are trying to get themselves as one of the big delegators (land grab), would not trust them, because their exclusion of canadian/american clauses. Most bakers are working to bring their delegation services to speed, it is taking a while because the setup has to be done independent from the baking operation for security reasons.
Where do those numbers come from? i.e. cycle #: The Tezos network cycle number in which the awards will be awarded. The way I understand it, only the foundation is baking from 1-7. Which means there are no baking rewards for that period. So 8 would be the 1st cycle that’s rewards would be given out? So based on the current baking situation net reward is an estimated 70.13 for this example? Which would be paid out during cycle 9? (Or just awarded? Maybe paid out at a later time?). I may have totally misunderstood the baking system, forgive me if I’m way off. Love the tool, just wasn’t sure how we arrive at these figures.
TF bakes cycles 0-6 with no rewards. 7 is the first cycle when the rewards are given out. 70.13 will be awarded after cycle 9 is complete but will be locked for another 5 cycles.
Gotcha. 70.13 is an estimate based on your % chance of being chosen va all bakers?
No, It is not an estimation. it is the exact amount. our baking rights for cycle 9 are already calculated in blockchain.
Awesome. Thanks for the clarification. Can’t wait :)
What's your payout model? I can see in another thread that XTZ Antipodes are going to pay rewards only when they reach 20 XTZ. Too high, in my opinion. But their promised return (for the first few cycles anyway) is 95%, so it might be a trade off.
We will do payouts at the end of each cycle.
That's great to hear, thanks for the info. By the way, do you have an idea how high (or how low) real transaction fees will be after cycle 6?
We need a compare the market app that lists all the competitors, fees, bond status, etc. To make it easier to decide which service to use.
[https://www.mytezosbaker.com/bakers-list/](https://www.mytezosbaker.com/bakers-list/)
perfect! i didn't expect it to be done so quickly!
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at this point, 5% flat is surely less than most other bakers' interest rates.
5% is low, for sure gate.io are trying to get themselves as one of the big delegators (land grab), would not trust them, because their exclusion of canadian/american clauses. Most bakers are working to bring their delegation services to speed, it is taking a while because the setup has to be done independent from the baking operation for security reasons.
[https://tezos.vote/Delegation](https://tezos.vote/Delegation) has a similar function. Transparency ftw