Hello, I just looked and the polkadot staking rate is 14.5%, you displayed 17.57% - 0.25 for the VDOT farm so we are at 17.32%. Assuming that you take the 10% commission provided, this gives 17.32 - 1.732 = 16%.
There is therefore a gap of 1.5% with native staking on Polkadot JS. Are you paying for your surplus by converting BNC or is the yield just plain wrong ?
Likewise for my case, I do not give the amount of min staking but you will deduct it, by applying 16% yield to my current LST VDOT I should have around 1.3 DOTS per day by multiplying the yield percentage by the total of my VDOTs to have an annual results which I divide by 365, simple reminder here.
I know that the validators are rotating and do not apply the same commissions but it is between 0 and 3% for you if what is displayed is true.
But if I set myself at 14.5% that gives me 1.18 minus 10% and so that's right with what I get today 1.08.
Good! This is a daily example subject to variation over time, nevertheless, it speaks for itself.
For more transparency, it would be good to display a real rate of return closer to the real staking rate here 14.5% deducted from 10%, so 13%, which is clearly my case.
If this is not the case, and I have done the calculations so that it is, that means that someone else(s) is taking this surplus. And in this case, that means I lose more than 0.2 or more than 20% of my rewards and this is unacceptable without justification. And even more 30% if I take take into account your 10% commission already deducted, is clearly enorme.
Really, the difference between what is displayed and what I receive is too great and I have noticed it for a while.
If I expose it in the discussions it is so that this comment can be seen by everyone, no need to go to discord or anything else to get pseudo answers or non-answers or very evasive ones.
With DOT inflation, there is already a significant dilution of value, so my criticism also relies on this point to force transparency, or more reasonable transparency than it currently is.
So, please, try really be transparent. Because this trouble begin really to give me personally a trouble and I know do staking by myself!
Just be clear about Yield, and here the yield are not clear at all for me and the gap between what I get and what should to receive is very large compared to what displayed .
Thank you for your attention
Hi,
Thx for raising questions, i don't think it's an appropriate channel, better to use our socials on Discord for instance. I can't share any screenshot here to illustrate what i'm saying.
But anyway, you are pretty wrong in your calculation unfortunately. It has already been verified by other users in the past moreover. As you can guess, we are watched by many users, you are not the 1st one to have this kind of questions obviously, which is a good thing.
1. APR vs APY
Polkadot staking yield is displayed as APR.
We display our yield yield APY because vDOT is yeald-bearing as for any other vTokens, meaning we are auto-compounding staking rewards on a daily basis for DOT.
So here, you can't basically compare 1:1 the 2 yields.
2. Current staking fee
The current staking fee is 5%, not 10%. So basically your whole computation is wrong here.
See the fee displayed in the vStaking page: https://bifrost.app/vstaking/vDOT?tab=dashboard
3. Avg yield
The industry usually sets the 7d moving average as the standard, but it can vary from 1 LST provider to another.
For instance Acala uses a 30d moving avg which is less accurate but more stable over time.
7d, 30d and 90d avg yields can all be seen, and compared with network avg, on the vDOT APY Analysis also available on the vStaking page: https://bifrost.app/vstaking/vDOT?tab=dashboard, just click on the label "base yield + Farm yield" under the main APY display.
-> As you can see, at the time i'm writing:
Network avg APY = 16.25%
vDOT 7d APY = 14.04%
vDOT 30d APY = 16.11%
vDOT 90d APY = 17.03%
We are hiding anything, it can happen that temporarly the vDOT APY decreases because the unstaking requests have an impact on the global APY. If many people stake vDOT, the APY will rise, it's common and based on the vDOT APY calculation depending on the moving avg.
Docs: https://docs.bifrost.finance/builders/liquid-staking-slp/vdot
4. Validator commissions
They are also displayed on the dapp: https://bifrost.app/vstaking/vDOT?tab=validators
I hope i have answered your questions.
Thomas
Edited