On 30th of March, Elrond announced some changes in regards to their upcoming network upgrade. Due to increase demand from the community, more nodes than anticipated initially were receiving delegated stakes from the community. New validator slots and nodes were quickly filled by the community.
In order to accommodate this demand, Elrond will reduce the number of nodes run by them, making more room for nodes run by staking providers and the community. This is very good news for everybody and it basically mean that we will be able to provide an APR of around 20% as initially promised.
Based on this information we are able to run some estimation on how things will look like. By running this estimations we can now say that: PrimalBlock is offering the best APR on Elrond network and is one of biggest staking providers in terms of amount staked to us.
Here are some stats for those interested (as of 1st of April 2021):
Contract Address: erd1qqqqqqqqqqqqqqqpqqqqqqqqqqqqqqqqqqqqqqqqqqqqqx8llllsxavffq
Max delegation cap: 160000 eGLD (96.5% filled)
Nodes: 60 active + 1 staked
Total active stake: 154467 eGLD
Top-up per node: 74 eGLD
Service fee: 10.00%
Thank you for your ongoing support and contribution.
There is not way to automate the claim of the rewards. You will be able to claim them from the app (if you used Maiar) or from the web wallet. Every 24 hours new rewards become available to be claimed. You can claim them when you want. If you don't claim them you don't lose them, they will stay there waiting to be claimed. Keep in mind, you can stake the rewards as well so that you compound the rewards and increase the overall rewards received. There is no minimum of EGLD when you stake/compound the rewards.
Here is a calculation made by the community regarding best scenarios around compounding rewards:
PS: The first rewards are smaller, we have to wait until more nodes are activated. By the 10th of April all nodes will be active and your subsequent rewards will be higher. Also Elrond is removing 363 nodes in the following days, making room for more nodes to be activated and when this happen the APR will get closer to the current estimated target 19%. Keep in mind that by staking your rewards and by compounding them your actual final APR can be higher with up to 3%, so close to 22%.
In order to have compound interest, is reward redelegation available? And the minimum redelegation is 1 egld?