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The description of delegation and undelegation in BEP-294 conflicts with the information in the latest documentation. about beps HOT 3 CLOSED

Spongebob-bear avatar Spongebob-bear commented on July 19, 2024
The description of delegation and undelegation in BEP-294 conflicts with the information in the latest documentation.

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Comments (3)

Spongebob-bear avatar Spongebob-bear commented on July 19, 2024

Hi @zzzckck,
Could you please help clarify the conflict between the delegation and undelegation descriptions in BEP-294 and the latest documentation? Your assistance would be greatly appreciated.

Thank you in advance for your help!

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unclezoro avatar unclezoro commented on July 19, 2024

hi @Spongebob-bear I believe our understanding of the commission fee may differ. You might think that the commission fee comes from the user's delegation, that's not the case, the commission fee comes from the block rewards. For example, there are 10 delegator, each staking 1BNB, and commision rate is 10%, and one day the validator receive 1 bnb block rewards, then the value of a delegator is: 1BNB * (1 - 10% commission rate) * ( 1BNB user delegation / 10 BNB totoal delegation) + 1 BNB user delegation = 1.09 BNB. In another word, the value of user delegation will never decrease, only possible increase.

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Spongebob-bear avatar Spongebob-bear commented on July 19, 2024

hi @Spongebob-bear I believe our understanding of the commission fee may differ. You might think that the commission fee comes from the user's delegation, that's not the case, the commission fee comes from the block rewards. For example, there are 10 delegator, each staking 1BNB, and commision rate is 10%, and one day the validator receive 1 bnb block rewards, then the value of a delegator is: 1BNB * (1 - 10% commission rate) * ( 1BNB user delegation / 10 BNB totoal delegation) + 1 BNB user delegation = 1.09 BNB. In another word, the value of user delegation will never decrease, only possible increase.

Thank you for your response, it resolves my question!

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