Validator Notice: The old cat node supports Restake, helping you to automatically compound interest without any hassle

Thank you Eco Stake ( https://www.ecostake.com/ ), a climate-conscious validator for establishing the Resttake ("Re-delegation") software and service webpage to provide convenience and savings for Cosmos-based blockchain delegators Re-entrust support of money. As long as the validator you entrust has established a service background like an old cat, the delegator can open the Restake service, automatically and regularly withdraw the commission income and re-entrust the same validator for a period of one year. After one year, the service will be automatically cancelled, and if you want to use it again, you can activate it again.

After testing and understanding, Lao Mao believes that this "re-entrustment" is quite safe and worth recommending. It should be noted that at present, this service only supports the Keplr software wallet and does not yet support the Ledger wallet. Moreover, since the service mainly executes commands through public nodes and the software is constantly being optimized, there may be omissions when executing re-delegation commands. But omission will only delay the execution of the re-entrustment, and there will be no other losses. One of the designs of the software is quite liked by the old cat, that is, the gas fee for re-entrustment will be paid by the client. As a client, Lao Mao is always grateful for the support of each client, and I have the opportunity to give back a little bit, which is what I want.

The verifier can set the service frequency and the minimum amount of re-entrustment. For example, the old cat uniformly sets the service frequency to one hour, that is, every hour to check whether the entrusted income of opening the service reaches the set minimum amount, and if it reaches the standard, execute the re-entrustment instruction. Although the old cat uniformly sets the check order every hour, but based on the difference in currency value, different virtual currencies will have different minimum settings, and it is expected that it will be adjusted from time to time in the future.

At present, a total of 17 coins have Resttake service, including Bitsong, Desmos, Gravity Bridge, Juno and Lum Network nodes of Lao Mao. Another 14 coins have been registered on the Restake service page, and Sifchain, Bitcanna and Ki-Chain nodes of Lao Mao are also available. It has been logged in, and over time, it should be opened one after another.

how to use? Open the Restakeb service page , select the currency in the upper right corner, the service has been activated if there is a green "Authz" sign, and you can activate the service according to the entrustment by linking to the Keplr wallet. Daisy has an introduction and how-to last week, which is definitely useful.