How to find a good Tezos Delegation Service?
Delegating your Tezos (XTZ) to a delegation service is the securest way to get baking rewards.
There are several delegation services out there.
The question is: How to choose the right one?
Basically there are three main aspects:
Trust:
A good delegation service is first of all trusted.
If you delegate your baking rights the reward will be distributed to the baker (in the case of delegation the delegation service).
The provider has to send the baking reward (minus the applied fee) back to you. That means that you have to trust the delegation service.
Fees:
Every delegation service takes a fee for its service. Choose the delegation service with the best fee structure for you.
Please remind yourself that sometimes the best offers are not the best ones (cryptocurrency rule №1)
Basic rule: The fee should be around 10% of your rewards.
Overdelegation:
Depending on the service’s baking bond (amount of Tezos it is actually baking with) the delegation service can accept only a limited amount of Tez via delegation.
Overdelegated delegation services will not receive rewards for the overdelegated amount of Tez. Therefore there are no payouts for you.
Tutorial and a list of trusted delegation services:
For more info on delegating your Tez securely (e.g. via your hardware wallet — Ledger or Trezor) and a list of community trusted bakers you can visit:
Happy Baking!
Tezard
-You shall not parse-