We run our servers in high security data centers in countries with strict infomation security and privacy regulations. We provide Hardware Security Module (HSM) key management and sentry node DDoS protection.
Our validator is configured to stake ATOMs for long term. Our philosophy is to do good and help secure the Internet of Blockchains.
There are 2 options to delegate while keeping your assets safe.
We also recommend reading the official delegators guide published by Cosmos.
Since we do not send out any tokens, the worst that can happen is that the transaction fails. We strongly recommend rechecking all figures on the screen of your ledger device before signing the transaction.
Your tokens were locked by the chain and no one but you can access your fund.
Notice: your tokens are locked (can't be transferred or sold) when delegating to a validator.
Warning: If your validators gets slashed for misbehaving (unavailability, double signing) its bonded stake along with its delegators' stake will be slashed. For example, if a validator double signs, its delegated stake will get slashed by 5%.
We charge only 10% commission fee for our services.^ Your reward consists of block rewards and transaction fees minus our commission.
Rewards accumulated in your address constantly. In order to access them, they have to be claimed. You can easily use HyperBlocks functions to claim your rewards or redelegate for us immediately.
Rewards are being accumulated in your address continuously. In order to access them, you have to claim.
Please note that your staking rewards are not bonded to a validator automatically. In order to achieve compounding interest on your rewards, you have to claim and redelegate them from time to time. It is possible to do that through the official Cosmos SDK. Thus, you can claim and redelegate your rewards with your Ledger easily.
Our max daily commission change rate is 1% per day. If this rate ever becomes subject to change, we will transparently discuss the reasoning well beforehand.
The state transition from bonded to unbonded will take about 3 weeks. The unbonding period protects the network against long-range attacks.
No, you can redelegate your ATOMs penalty free without unbonding using the "redelegate" function.
Statutory warning: The fee is recorded in the Cosmos Blockchain and can be increased or decreased by 1% per day. HyperBlocks reserves the right to change the fee at any time without explicit notice to the stakeholders.
We would also like to declare that there is a potential for loss in delegating ATOMs to HyperBlocks. We have extensively tested our infrastructure and stand by its security and ability to withstand known attacks. Nonetheless, there are inherent risks to staking and validating with any services and HyperBlocks is not an exception. Unforseen security threats may result in unauthorized access to information or systems. Network failure or compromise of the systems may result HyperBlocks to double-validate or propose an invalid block, resulting in all delegated ATOMs being reduced by 10%.