We take a 10% dynamic fee
We pay the rewards every cycle
Minimum delegation amount is 100 XTZStarting from Cycle 58, if the delegator balance is less than this amount, the reward will not be paid
|Cycle||Total Balance||Total Reward||Account||Delegated Balance||Account Reward||Reward Status|
To avoid possible overdelegation and to benefit our delegators, we will stop considering new delegates when staking balance will exceed 4,3 Mtz.
Cycle number, when we stop recording new delegations, will be announced at the start page of this website.
Starting from Cycle 58 we are changing our threshold model to 100 XTZ minimum balance, before we had a minimum 1 XTZ payout amount.
Payout threshold was introduced to prevent possible spam low-notional delegations.
Our calculations show that with 100 tz balance and 1 tz payout threshold delegator will wait more than a month between payouts. We see that most delegators prefer plain frequent payouts in comparison to complicated deferred payouts. And we agree that simple is better than complex.
Yes. You are only assigning your baking rights to Tezos Panda as delegator. You are not giving us your XTZs and we do not require your private keys. With reliable delegation service the only risk is the security of your private keys, same as with no delegation at all.
Our fee is 10%. We are using so called "dynamic" payout model which means that you get whatever you earn with your delegation minus our fee. Currently not all XTZ owners use delegation therefore current earnings are greater than 5.5% inflation rate in Tezos network.
Your earnings will look like this:
(Block Rewards + Endorsement Rewards + Block Fees)
* (100% - fee) * (Your Delegated Balance / Total Staking Balance)
With Ledger wallet you can do it using Ledger Live following this instruction.
Another option is to delegate with Galleon software wallet for the Tezos blockchain, which runs on Cryptonomic infrastructure.
You can also use Magnum multi-currency decentralized web Wallet. Follow this simple instructions to delegate Tezzies in 2 steps.
Advanced users can prefer delegation using Tezos command line. You can find detailed instructions here.
Don't hesitate to contact us if you need help on the delegation process.
This is for security, and to ensure stable work of our delegation service without any intrusions into it.
We understand that delegators would feel safer with our identity and photos posted on the web. But in case of possible physical attacks on Tezos Panda due to the revealed information our delegation service work can be interrupted. Baking will stop and that will also affect our clients.
Yes, it is possible to be a baker if your stake is greater than 10 000 XTZ.
However, running a baking node requires technical skills, appropiate hardware infrastructure and security configuration.
And with a large stake you probably would not want to associate your real IP address with Tezos node address. You will also be required to provide a 8.25% Tezos security bond to follow the Tezos baking rules. You can lose this bond in case of baking issues.
By delegating your XTZ to Tezos Panda you will still have full control of your XTZ’s without the need of running the node on your own.
You can also review this article for more details on the matter: Benefits and Risks of Home Baking.
No, your tokens remain in your wallet. You’re just giving Tezos Panda permission to bake for you. At any time you can spend or transfer your funds. Also you can always change your delegate.
Tezos Panda schedule is to pay out delegation awards every cycle when rewards are delivered to the baker.
With the current economic rules of the Tezos protocol, baking power is calculated in the snapshot of N-7 cycle. For the next 5 cycles rewards are locked by Tezos. So the first payment will be done after 12 cycles following delegation cycle.
If at some point you will decide to switch to the other delegation service you’ll receive from us payments for all cycles you were with Tezos Panda.
Please follow us on Twitter to get news and updates on the service.
Tezos Panda is the team of professionals with IT / Investment banking background and early adopters of crypto world.
We concentrate on providing a reliable and secure delegation service.
Our goal is to contribute to the Tezos ecosystem and transform delegation into something transparent, simple and profitable.
You can use our delegation service as an alternative to running your own node.