Platform Overview
Edgevana provides a decentralized staking service designed to promote network decentralization through a fair and transparent validator selection process. The platform focuses on selecting validators who contribute to the overall health and security of the network, ensuring that stake distribution remains balanced across eligible validators. Validators are chosen based on clear criteria, including their performance, reliability, and contribution to the ecosystem.
Validator Philosophy
Edgevana’s validator selection strategy centers on inclusivity and fairness. Validators on the platform are evaluated not just by their performance, but also by their alignment with the platform’s goals of maintaining a decentralized network. Edgevana believes in supporting smaller validators to help them grow and contribute to the security and diversity of the network, rather than concentrating stake with only the largest or most established validators.
Delegation Strategy Algorithm
The platform uses a delegation strategy algorithm to distribute staked assets across multiple validators. This algorithm is designed to avoid over-concentration of stake on any single validator, promoting a more decentralized network. The algorithm takes into account validator performance and fairness, ensuring that both reliable and new validators have an opportunity to receive delegations.
Validator Eligibility
Validators must meet specific eligibility criteria to participate in Edgevana’s staking pool. These criteria include maintaining high uptime, delivering consistent performance, and demonstrating a long-term commitment to the network. Validators who do not meet the platform’s requirements are excluded from the pool to ensure the security of the staked assets.
Fees
Edgevana operates with a minimal fee structure, charging small fees for staking and unstaking operations. These fees are used to cover the operational costs of the platform, while ensuring that users retain most of their staking rewards. The fee structure is transparent and clearly documented, providing users with a clear understanding of the costs associated with using the platform.
