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Delegating with One Click Guardian Nodes

Before to select a Guardian Node, check its reputation on guardianmonitor.io and click the One Click Guardian Nodes tab. Its uptime must be a least Bronze for a decent Guardian Node.

For a similar reputation, select one with the lowest total staked amount in order to help the Theta Network not to depend too much on a few Guardian Nodes with impressive total staked amounts.

Be aware that some are Off Line and keep receiving new delegation stakes from uninformed users. Don't delegate on them. You won't receive any rewards. It's like a 100% cut.

The minimum token amount to stake is 1,000 Theta.

From docs.thetatoken.org documentation, Guardian Node TFuel earnings are awarded every 100 blocks or approximately every 10 minutes in a probabilistic method. At each 100 block checkpoint, there are 200–300 stakers randomly selected (weighted by their stake) to divide the block rewards. A large staker (ex. with 100k+ Theta stake) should expect to receive a reward every 2.5–3 hours or so (not guaranteed, just expectation). A 100k staker should have at least 98% likelihood to receive a reward every 10 hours. Conversely, a 1,000 Theta staker may only see a TFuel reward once per month. For the same block though, two stakers with the same stake may NOT receive the same amount of reward. While all nodes will earn TFuel proportional to their stake over time, it means there can be significant variations in the timing and size of Tfuel rewards between different users.

A Guardian Node may be shutdown at any time, for whatever reason. As your identity is concealed when staking on it, you won't be warned of such event as you cannot be reached. You must check regularly that the Tfuel balance of your wallet increases. Write down the Guardian Node Address (Holder) to be able to unstake in the event it is unlisted and keep it in a safe place.

 

Please note than some of these Guardian Nodes take a cut of a few percent. Otherwise, you'll get the same rewards whatever the size of the total staked amount or the number of stakeholders on the Guardian Node, the uptime being 100% On Line.


Things to known

Theta and Tfuel tokens are not ERC-20 tokens even if their address looks identical. They have their own blockchain. Therefore, they shouldn't be moved to an ETH wallet. If so, they'll be stuck at a Theta/Tfuel address on the Theta blockchain and not on the ETH blockchain in your ETH wallet.

On the Theta wallet, Theta and Tfuel tokens share the same public address. You can send any of them to that address.

The minimal amount to stake is 1,000 Theta tokens per wallet. You can have many wallets, each with this amount or more, and spread those wallets on the same Guardian Node or on different Guardian Nodes.

To add more Theta tokens for staking, you can add them with a minimum of 1,000 Theta each time.

If you want to add less than 1,000 Theta, you must unstake the full amount of the wallet and restake the new amount.


Why would you stake your Theta tokens on an unsecured Theta Guardian Node?

When staking 1,000 Theta tokens or more on a wallet, your Theta tokens remain on the wallet and are not send to the Guardian Node wallet. You keep at all time the full control of your Theta tokens, even if the Guardian Node computer is stolen, compromised or just turned off. In the worst case, you won't earn any rewards for that wallet and you are still able to unstake your Theta tokens and find another host.

To protect you that your wealth is not exposed in the open if all your Theta tokens are staked on a single Guardian Node with just a single wallet.

It's not a good idea to have a few Guardian Nodes with a lot of wallets staked on them with a very high accumulated balance. It's too concentrated and not the best for the security of the network. It's better to have 1,000 Guardian Nodes or more than just a few. It provides a more distributed amount of Theta tokens per Guardian Nodes.

A Guardian Node would not work properly in rural zone with poor Internet speed or in congested downtown condos with only Wi-Fi for access.

At current market value, it costs more in electricity for most of us to run a Guardian Node computer than the rewards you'll get from a 1,000 Theta wallet for the same period.

For those having more than just one wallet, if a Guardian Node goes down, you still get rewards for the other wallets staked on different Guardian Nodes at other locations.

The Guardian Node computer must be online 24/7 to earn rewards.

Theta Stake


Frequently Asked Questions

Frequently asked questions found on Discord and Slack (edited)