What is the Delegations Program?
The Delegations Program is an official staking program that delegates from the Nym token treasury to good quality server operators. This helps new operators get up and running and helps the Nym team boost servers in locations where they are needed most.
Join the program, get stake!
What do you get?
The Nym treasury will delegate 50% of stake saturation (up to 125k NYM tokens) on your node. This is plenty for your server to be selected for the active set to route traffic and start earning rewards. We recommend that you “self-bond” rewards as much as possible, as this guarantees better earnings.
As your node gains more stake, you will begin to graduate from the Delegations Program: when you reach 90% saturation, 25k NYMs will be undelegated.
As you near 100% saturation, more NYMs will be undelegated until finally you are 100% independently saturated.
Join Telegram or Matrix and find @serinko or @merve from the Nym core team, or ask the other operators! Everyone is very friendly and welcoming.
The Nym Network isn't only a bunch of servers, but also a social organism. This decentralized web of individuals, companies, and collectives (squads, DAOs, etc.) all collaborate to provide privacy: this is the very foundation of the Nym mission. This also means that if there are several competing servers up for delegations, community participation, presence in channels, and timely responses will be taken into consideration in the success of your application.
Important things to note
- Software updates happen about once a week and are shared in the Element (Matrix) announcement channel.
- We encourage Operators to run servers collectively as squads/DAOs. This ensures that you wont miss important updates and risk losing your delegations if you need to touch grass and take a holiday.
- We understand that there may be exceptional reasons for nodes being down or operators being unable to fix their issues within 5 days. If you have any issues, please contact any of the mentors and we will try to find a solution for you.
- xceptions to required specs are made in a written form between Nym DevRel and the operator and takes priority over general rules.
- There are hundreds of nodes in DP and the Nym team is small. We therefore don't have capacity to give advance notice to operators before undelegating if their service no longer meets requirements.
- But don’t worry, you can always reapply and get your delegations back!
