There as a 1PPY fee every time you power up (deposit) to your GPOS balance. So you must make sure you have enough PPY left to cover the transaction fee.
There's no hard and fast rule, it's going to depend on how active you are as a Peerplays wallet user and other factors. It's certainly beneficial to vest as much as you can as you're total participation rewards are based on how much you vest.
But you should note that as all wallet operations incur a small fee, vesting too much could actually stop you from withdrawing PPY from GPOS until you deposit more PPY to your wallet.
You can't power down until you have powered up for the first time, or if you've withdrawn from your GPOS balance leaving it at zero.
It's theoretically possible for this to happen if you don't have enough available PPY to pay the withdrawal fee. But the most likely reason is because there is a 30 day holding period on GPOS deposits before they can be withdrawn. For more information see GPOS Balance Holding Period.
GPOS introduces a number of significant changes to the old method of dividing the Peerplays rake between all token holders relative to how many tokens they hold.
The biggest change is that the percentage of the rake is based on the total of all GPOS vested balances, and not the cumulative value of all PPY in circulation. This gives the opportunity for regular voters to get a larger share of the rake than before by virtue of other unreliable voters.
At first the new formula for calculating your estimated reward percentage can be a bit confusing; this example should help:
If you have a GPOS balance of 1,000PPY, and have voted recently, so you have qualified for a 100% reward, and the total GPOS balance on the blockchain is 4,000,000PPY when the rake is distributed, then your percentage of the rake would be:
(1,000 / 4,000,00) * 0.025%
What you'll actually receive as a dividend is based on the monthly rake, so if the rake is 100,000PPY then you'd receive 100,000 * 0.025% = 25PPY.
Qualified Reward is the percentage your maximum possible reward based on voting performance. This reward decays at a rate of 16.67% per month.
Estimated Rake Reward is the potential percentage reward you could receive based on the Qualified Reward percentage, the amount of PPY you have vested and your share of the total GPOS balance.
For more information see Participation Rewards.
Voting qualifies you for participation rewards but the actual amount you qualify for is also based on the percentage of your PPY balance you've vested.
Every time you withdraw from you GPOS balance there is a transaction fee of 0.01PPY.
Basically, vote more often!
The performance rating is based on voting performance, to have a rating of 'OK' would mean that you've missed voting for about three months.
Yes and no. The functionality of the voting feature in the Peerplays wallet hasn't changed in the newest version, only the steps you go through to vote have changed.
But GPOS will effect your voting habits as it requires regular participation.
Simply put, you'll lose a percentage of your qualifying rewards for every month that you don't vote. If after six months you still haven't voted you won't qualify for any participation rewards.
Yes, you can vote as many times as you'd like to, and you can vote for more than one Witness or Advisor at the same time.
Once a Witness or Advisor has been voted for and is in your approved list you can't currently re-select that person for voting again without first un-voting them. This is a known issue that will be fixed in the next release.
Yes, regardless of your level of voting performance as soon as you vote it'll return to 100%. It will however, start to decay again if you don't vote regularly.
Yes, this is the role of the proxy ... but if you do this make sure your proxy is reliable as your voting performance is in their hands, and you still need to vote once a month.
GPOS is short for Gamified Proof of Stake which is an advanced implementation of the DPOS consensus mechanism.
GPOS gives voting weight and rewards to all token holders that commit some of their PPY balance as a vested GPOS balance. For more information see .
The best way to understand this is to compare it to the difference between stock options and shares. If you hold stock options you have a stake in the company, but the options have no value unless you can profit from them and to do this the options have to first be vested as shares.
GPOS works the same way, instead of all token holders being entitled to dividends just by virtue of holding tokens (shares), token holders now have a PPY balance (options) that they only profit from when they are vested in GPOS (become shares).
Yes, there is a fee of 1PPY for Powering Up (depositing) and a nominal fee of 0.01PPY for Powering Down (withdrawing).
The fees are 'burned', that is to say they return to the reserve. The reserve can then be drawn on for block rewards for the block producers.
No, in fact far from it. GPOS gives you every opportunity to not just receive the same dividends as before but actually get higher dividends if there are token holders that don't vote. Just remember to vest a GPOS balance and then vote at least once a month.
GPOS encourages all PPY token holders to take a much bigger interest, and say, in the governance of the blockchain. This will strengthen the democratic process that goes into electing the operators of Peerplays, and make them much more accountable.
Before GPOS token holder voting was poor and that opened up the opportunity for one or two major token holders to influence the operation of the blockchain. Full participation by token holders in the voting process will mitigate this risk and keep the blockchain secure.