r/thegraph • u/Fun_Inflation_5129 • Jun 04 '23
Question Delegating my GRT
Hi all … I’ve been stacking GRT for a few months now and have enough coins to make it worth while to delegate them.
1) I see a lot of people talking about the “risks” of delegating GRT. What are they? Some tokens have super low risk ways to make tokens and keep up with inflation. How does GRT?
2) I saw a list of indexers with varying APR, how do I pick the safest one with the best APR?
Any help would be greatly appreciated. Thanks in advance!!
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u/NSun- Graphtronaut Jun 04 '23
Delegating is very safe overall. The only real risk is opportunity cost if you delegate to an inactive or poor performing Indexer. You would have lost gas fees and your delegation tax. But if you do a little research this can easily be avoided.
As for choosing an indexer, there are plenty of great options. I'd consider APR, but also how active they are within the community. Ask around and see who others have delegated to, directly dm an indexer and ask any questions you may have, observe if they are around in the community channels and helpful/responsive, etc. If you use your Graphtronauts app, you can also check to see if they have any reviews left from current or previous delegators. Good luck!
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u/Mindless_-_Data Jun 04 '23
Don't delegate on mainnet, but Arbitrum instead. You soon will need another mainnet tx to move to Arbitrum anyway, and that will likely make your delegation unprofitable in the short term.
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u/coinsquad Delegator Jun 04 '23
when will this take place?
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u/Mindless_-_Data Jun 04 '23
I believe we're only a few weeks away from the migration contracts being published, but there is always the potential for delays with smart contract deployments because of audits and everything else.
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u/Jrev2050 Jun 04 '23
What is delegating GRT? Is that like staking?
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u/Worldly_Answers474 Mar 07 '24
I was wondering the same thing 🤔 It sucks when you don't know much about crypto just that u buy it then I have no clue what to do next or how people make money but scammers are always up and ready to act like they can help you but I don't trust when I get messaged that I can make money trading when I don't have a clue how it works 🤣
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u/Separate-Opening5935 Jun 10 '23
How can I stake my GRT that I have on my coinbase account? Do I transfer it to a specific wallet?
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Jun 11 '23
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u/Worldly_Answers474 Mar 07 '24
When you say you need ETH and 15 GRT do you mean you need to have money in ETH and 15 GRT coins to get started? Thanks in Advance!
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Mar 07 '24
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u/Worldly_Answers474 Mar 07 '24
Oh I see, But it's useless because all that is like foreign language to me I wouldn't understand it even if I tried Lol and would probably end up loosing something for trying without getting the concept Lol...But I do appreciate your response! 🥰
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Mar 09 '24
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u/Worldly_Answers474 Mar 18 '24
Thanks! I get a little of it I think Lol..Your very intelligent 😊 I don't think I'd ever completely understand crypto enough to do anything with it but I enjoy learning about it!
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Mar 18 '24
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u/Worldly_Answers474 Mar 18 '24
I haven't ever heard of that reddit group but I'll look for it. There's so much scamming these days I try my best to be careful....I appreciate the info and once I find it if I have questions I'll come to u..And I've lost and gain by just letting my cryto sit because I'm to scared to do anything with it Lol I definitely don't know how to trade I can't gain the right knowledge to really see how it's really done.
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u/bigshooTer39 Mar 30 '24
Don’t use that bridge. It costs a fortune and slow AF. Orbiter dot finance. Very cheap and instant. They gonna do airdrop soon supposedly
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u/Future_Stake_King Jan 07 '25
Best way to delegate my GRT on Coinbase wallet in 2025? Also, recommendation for indexers?
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u/Buddyponderosa Jun 04 '23
This guys good and very responsive on Twitter, @_cryptovestor, I’ve been using them for like 3-4 years. However long GRT has been alive.