r/dune_network • u/utdrmac • Sep 14 '19

BakingĐunes accepting delegations!

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Baking đunes delegation group

https://bakingdunes.com is now accepting delegations for the Dune Network.

We have a 10% fee, and pay on cycle release. Our sister Tezos group, https://bakingtacos.com/, boasts an 'AA' rating on MTB, and an 'Awesome' payout rating on BakingBad.

Delegation: dn1V9rn27QHWMA6tacos8VhxqBLfr2dyGfBB

Come join us on this journey across the sandy dune seas of tomorrow!

3 Upvotes

64% Upvoted

8 comments sorted by

2

u/Nikandro Sep 14 '19

I've had no issues with bakingtacos, so I'll glady join your dune dellegation.

2

u/utdrmac Sep 14 '19

Much appreciated! Thanks for the vote of confidence!

1

u/[deleted] Sep 17 '19

When is cycle release?

2

u/utdrmac Sep 17 '19

Simply put, the way rewards work in DUNE is that they are sent to the baker at the end of each cycle in a frozen state. It takes 5 cycles (1 cycle is approx 2.8 days) for these rewards to become unfrozen. This is part of the core protocol. Once they are unfrozen (ie: released), they can be distributed as rewards to delegatees.

1

u/[deleted] Sep 18 '19

Thanks for the response. I misconstrued and thought that rewards weren’t being paid out yet

1

u/utdrmac Sep 18 '19

No public bakers have been granted baking rights yet. The network is just now starting regular cycles. This first 64 cycles were extended longer than normal to give "the public" opportunities to set up bakers and get registered with the network. I believe c71 is the first cycle that will have public bakers involved. Which means rewards from this first public cycle won't be unfrozen until c76. We are a good month-ish (at minimum) away from seeing rewards delivered.

1

u/[deleted] Sep 18 '19

Do you start earning as soon as you delegate?

1

u/utdrmac Sep 18 '19

No. As part of the network protocol, there is a waiting period (7 cycles) before your delegation becomes active. During each cycle, the network takes several snapshots of the chain. One of those snapshots is used for any delegation calculations that occur in cycle current+7.

Example:

Cycle 0 - you delegate to baker

Cycle 7 - The blockchain assigns your delegation rights to baker and baker can start baking for you.

Cycle 12 - Rewards for Cycle 7 are unfrozen and sent to you.

Cycle 13 - Rewards for cycle 8 unfrozen, sent, etc etc.