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Nomad Bera 🐻⛓️

@NomadBera

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Chef @VaseFinance | @BoogaBeras

Joined March 2023
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@NomadBera
Nomad Bera 🐻⛓️
4 hours
@Nostradamused @caZUBelli It's per vault I believe, so I don't think it matters what validator sends BGT there. Ramp should just be the initial 7 days of the vault.
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@NomadBera
Nomad Bera 🐻⛓️
4 hours
Easiest way to understand it is visually through the chart in this article. Rewards will have a sort of "lag" during the first days as the rate is ramping up, and after the 7th day issuance/claims shift to a moving average over the trailing 7 days. If you earned rewards on day 1, they will be distributed to you over the next 7 days. And a new earn/distribute period begins every block as long as you have deposited in the vault.
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@NomadBera
Nomad Bera 🐻⛓️
4 hours
@caZUBelli Exactly. The rewards have been emitted but they are still in the distributor contract and they will eventually get distributed to claim
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@NomadBera
Nomad Bera 🐻⛓️
17 hours
Yeah like you say, if they don't share then people will redelegate to another validator. In this aspect the users have a lot of power over the validator. Gonna get competitive once things start running full steam. I believe an automated distribution system is being worked on for a future upgrade. Also, in every ecosystem, validator fees converge around a standard minimum commission as validators try to undercut each other. Over a long period of time, validators should be sharing around 90-95% of their rewards with users. 5% commission is standard across ecosystems.
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@NomadBera
Nomad Bera 🐻⛓️
2 days
In a scenario where TVL remained the same and you held your deposit through the 7 days, you get it all. Its a global ramp, not specific to you. However if you get diluted with more TVL you will get less, which still happens on a traditional system. But no need to delay deposits. Always better to be early when there is less TVL to dilute you. As for risk, its not greater than other native mechanisms in the eco so I wouldn't worry about that. Better to have farms integrated natively at the chain level.
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@NomadBera
Nomad Bera 🐻⛓️
2 days
@0xoogabooga Need this
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@NomadBera
Nomad Bera 🐻⛓️
4 days
@kryptomokus You can see that on the Ramen dashboard, but for now it's around 755 wallets
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@NomadBera
Nomad Bera 🐻⛓️
4 days
Saw this change. For the actual bids you could simply fetch the balance from the contract that holds the wBERA deposits: 0xba0000907c7812aec8f7e9e27aeff4ea7565a8ba Then calculate the difference between bids in, and bids that stayed and display that. You'll get the accurate count without complicated logic
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@NomadBera
Nomad Bera 🐻⛓️
6 days
RT @whoiskevin: Going live with @NomadBera and others in 15 minutes, to talk Berachain. Stay tuned.
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@NomadBera
Nomad Bera 🐻⛓️
9 days
@lordpemby @swaggyAlexyo @Dolomite_io @KodiakFi Yeah vaults on top of BeraSwap with Major assets from Boyco probably. BGT has to start somewhere
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@NomadBera
Nomad Bera 🐻⛓️
9 days
@glass_117 For that you gotta wait for official announcements from exchanges or the foundation. If there's anything, it should come soon.
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@NomadBera
Nomad Bera 🐻⛓️
9 days
@glass_117 Very soon. Getting something ready
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@NomadBera
Nomad Bera 🐻⛓️
9 days
@euQyaJ Honey is still part of the system and it's gonna be there on mainnet, but the whitepaper has a focus on the unique aspects of PoL. A stablecoin is not as important as BGT and BERA on the model, and it's better keep the whitepaper as "simple" as possible for various reasons.
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@NomadBera
Nomad Bera 🐻⛓️
9 days
Not worried at all. It's just a matter of validators creating their own ways of doing it. If a validator misbehaves, people will not delegate and move to one that actually sends rewards. It's all a game of trust and if you break it, everyone leaves. @beebribes built a trustless system, and some other validators will also have their own solutions. Plus, with @VaseFinance we're also working on a lot of tooling to make every process easier.
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@NomadBera
Nomad Bera 🐻⛓️
9 days
I didn't mention it specifically as its a bit technical, but essentially the chain has a self balancing mechanism. First of all, as the chain becomes more valuable, more validators will try to enter the set. These new validators reduce relative BGT boost as its now spread between more entities. As this happens, BGT emissions per block decrease on average, and inflation is reduced. TVL is also a factor. It can be a common driver of price for a chain, so as it grows, it becomes more rewarding to hold the chain's token, and price effects influence several other metrics. And the same sort of thing happens on the way down. As users exit the chain and validators cease to operate, inflation increases until a point where it gets attractive enough to pull users back in. Plenty of other factors but this covers the basics. The main point is that BGT and Inflation reacts to these changes and that allows a fair price for economic security and way more efficient use of resources.
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@NomadBera
Nomad Bera 🐻⛓️
9 days
@PatryxNft I beat you! I'll check out yours once its out
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@NomadBera
Nomad Bera 🐻⛓️
10 days
@LlamaBorn @berachain Its coming!
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