Hi everyone, I want to explain the features of the https://baking-bad.org and help you with choosing a delegation service for your tez :)
You can watch the video about it
or read the article on the original website https://baking-bad.org/docs/how_to_choose_baker
or..
So, on the home page, you see a list of delegation services, including public bakeries, custodies, and exchanges. Each baker has several indexes such as:
- Insurance means that delegators’ rewards are insured and if a baker suddenly stops paying or his node shows low efficiency, underpaid delegators receive compensation. The percentage means how many rewards will be compensated in case of an insurance event. https://sure.baking-bad.org/
- Staking - Baker’s overall staking balance, including his own and delegated funds.
- Free space - the amount of XTZ, which can be delegated to him, according to estimation based on the blockchain data and the threshold set by the baker.
- Fee - current baker fee. Notice that some bakers can make it variable, that’s why you better clarify this point on the baker's website. It’s pretty easy to do - just click on the baker’s name, and in the opening https://tzkt.io Tezos Explorer page click the website button. By the way, there could be any other social links, such as Twitter, Reddit, etc.
- Next - estimated ROI - is a benchmark for annual profitability, based on the baker’s staking balance (rolls) and baker’s fee.
-Next two columns: payment amounts and period, we will explain a bit later.
-Next you can see the participation of bakers in the governance process. Thumb up does not mean cool baker, it means that he voted “For” applying the protocol changes. Accordingly, thumb down means a vote against the update, and angle brackets meanpass. The exclamation mark means that the baker did not participate at all. There are 4 stages of the voting process, in 3 of them, a baker can vote. If the baker has ignored all the stages - this is a bad sign. - Service kind means the type of service. It may provide only Tezos or various currencies staking. Also, we highlight Dune-bakers which are less preferred because Dune network is an unfriendly fork of Tezos, which caused some damage to the mothernet in the past, and part of the community takes that very seriously.
- And at last, you may notice some Contribution icons - this means that this baker has made or is making a significant contribution to the development of the Tezos ecosystem.
At the top, there are buttons for sorting by some columns, and filters on the right.
So, a filter - according to them you form your own criteria that are important to you.
First of all: Payout amounts - Indicates how accurate the payouts are in a quantitative sense.
If it pays exactly as expected (according to baker’s terms) - this is Precise
Or - Inaccurate - If it’s not quite at all
Suspicious - means that some payout cycles were missed and delegators should be careful with that baker.
No data - means there is not enough information to evaluate accuracy. Most often this is because the baker got clients just recently.
The next point: Payout period
It means how the payments fit the declared schedule. They may be different. The most common is when baker pays each cycle, and if he abides by this rule, his status is Stable, other ways - Unstable
Suspicious and No data are similar to the previous one.
Service kind
If you have an interest in one of them, choose the options you need. Exchange option is not selected by default, because you cannot directly delegate to the exchange baker.
Service status - Active - is what we need
If you need a certain amount for delegation, specify it in the Free Space
That’s all, now you may choose specific sorting and - it’s done! You have built your own rating and now you can choose your baker! By the way, u can share these settings by using that button
Well, there are quite a lot of good bakers with a tiny difference in the ranking. So - no matter what choice you make, most likely it will be good
You can use https://t.me/baking_bad_bot - it only sends notifications about your payments and nothing else. It’s handy, trust me!
Tezos community is awesome! See ya!