The Graph Protocol: A Beginners Part 2 Guide

The Graph Protocol: A Beginners Part 2 Guide


Learn about the roles in the Graph Protocol ecosystem – developers, indexers, delegators, and curators – and how to stake GRT in this introduction to the platform’s ecosystem.

The Graph makes it easy to access blockchain tech data without the involvement of third parties. It queries and organizes data from different blockchains teck. So developers can use this data to build APIs.

We recently published an introductory post to the Graph Protocol. This post takes a dive into the platform’s ecological system and how to stake GRT.

Introduction to the Graph’s Ecosystem

The Graph’s ecosystem is comprised of four roles: developers, indexers, delegators, and curators. And, indexers stake $GRT, the native Graph crypto token, and are rewarded for accurately indexing subgraphs through query and index bonus. Then, delegators stake $GRT to indexers in exchange for a share of the indexer’s query charges. Curators indicate that a subgraph is of extraordinaire quality and should be indexed by the network.

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Let’s look deeper at these protocol roles:

  1. Delegators: This group of participants stakes their GRT crypto tokens with the indexers and gets a part of the indexer query charges. Delegators are subject to a 0.5 percent tax on each delegation.
  2. Indexers: They provide indexing and querying services as node operators. In return, indexers receive bonus and earn query charges. Nonetheless, they have to stake 100,000 GRT crypto tokens. This crypto token will be slashed if the indexers carry out practices deemed harmful to the network.
  3. Curators: This group helps identify the subgraphs the Graph Explorer has to  index and receives 10 percent of the query charges. Data consumers, community members, and subgraph developers who want to signal their subgraphs can serve as curators. Nonetheless, they have to pay a deposit tax of 1 percent to curate. They’ll likewise receive lower charges if they curate subgraphs of low quality. Additionally, they’ll pay a tax of about 0.5–1 percent if a subgraph fails.
  4. Developers: Developers fall on the demand side of the ecological system. They create subgraphs and publish them to the Graph Network. Furthermore, developers query live subgraphs with GraphQL to power their applications.
How to Stake GRT

There are different ways to earn GRT: Staking, lending, and yield farming. And, let’s talk about staking. You can stake GRT on a centralized exchange like Binance Crypto exchange. Here are the steps:

  • Log in to your Binance Crypto exchange account if you have one, or create one if you don’t.
  • Go to the “Finance” option and the “ Binance Crypto exchange Earn” option.
  • Move to the “Locked Staking” option and click on the “View more” button.
  • Select GRT from the list displayed. Then, fix the duration and then click on “Stake Now.
  • Confirm details like duration and available amount.
  • Input the amount you want to stake and click on “Confirm purchase.
What is the Graph Explorer?

The Graph Explorer is where you can view every subgraph that has been deployed to the Graph Network. The explorer allows you to see the subgraph’s details, including its metadata and participant statistics. The curators can then select a subgraph and deposit GRT crypto tokens in it so that it is signaled to the indexers. The Graph Explorer has tabs for:

  • Subgraphs.
  • Indexing.
  • Delegating.
  • Curating.
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Furthermore, the explorer allows all network users to view their user profiles. The Graph Explorer likewise displays the past and active results of each activity and details of the bonus earned.

Conclusion

The Graph has unique potential as a querying service. Nonetheless, you will  must do your own research before investing. As of this post, GRT trades at $0.1215.



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This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.




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