A tale of two Validators: deciding between the 15% and 100% validator

Providing the best user experience is a primary objective for OpenSwap. That is why there are two different options with OpenSwap when it comes to Harmony validators. To assist users in determining which validator best meets their needs, this article will discuss each validator in detail and the differences between them.

OpenSwap 100% Validator Node: where earning up to 20% APY begins
With the 100% validator, you’ll earn 100% of your rewards in the form of OpenSwap Tokens. Out of the 100% of $ONErewards created, 95% is sent back as oSwap and 5% is kept as a constant fee for server maintenance and cost. A 5% fee is the minimum fee for all Harmony validators.

How does the 100% validator work?
When $ONE rewards are created, the rewards issued will be swapped for OpenSwap tokens at market price. The token swap occurs every 10 minutes; these tokens will then be sent to the corresponding wallet of the delegator. The oSwap tokens are converted and sent in a single tx to all the delegators based on their stake weight. This is the same way it is handled on a normal validator.

Additionally, bonus rewards are distributed to the delegators. This serves as a thank you for helping secure the Harmony network with OpenSwap. It is these rewards that increase the APY percentage to our 20% APY goal.

View 100% validator on the Harmony staking site

OpenSwap 15% Validator Node
When you delegate to the 15% validator, you’ll earn 15% of your rewards in the form of OpenSwap Token, 80% in $ONE tokens, and 5% is kept as a constant fee for server maintenance and cost. As mentioned previously, a 5% fee is the minimum fee for all Harmony validators.

How does the 15% validator work?
When $ONE rewards are awarded, 15% of the rewards issued will be swapped for OpenSwap tokens at market price. The token swap occurs every 10 minutes; these tokens will then be sent to the corresponding wallet of the delegator. The remaining $ONE token rewards will be stored on the Harmony One staking platform where they can be claimed at any time.

View 15% validator on the Harmony Staking site

Difference between the 15% and 100% validators
There are two main differences between the validators: the amount of OpenSwap token rewards and the bonus rewards.

OpenSwap rewards: Simply put, the 15% validator provides 15% of your rewards in the form of OpenSwap token, where the 100% validator provides all rewards as OpenSwap tokens.

Bonus Rewards: The 100% validator provides additional rewards, assisting in the goal of achieving 20% APY. The 15% validator does not receive bonus rewards.

OpenSwap (app.openswap.one) is a fast and secure non-custodial decentralized exchange that serves as a one-stop-shop to buy, trade, and earn crypto whether you’re from the Harmony, Ethereum, or Binance Smart Chain networks. OpenSwap allows Harmony users to seamlessly trade peer to peer without the tokens ever leaving the original wallet and through liquidity supplied by other users of the platform. With OpenSwap, users can:
- Exchange Tokens/Coins
- Provide Liquidity to Pools
- Earn Rewards by Staking in Lucrative Incentivized Liquidity Pools
- View ‘Personal Farming Profile’ detailing your rewards including Total Stake Value, Average APR %, Total Current Rewards, and Total Current Rewards in USD
- Simplified Bridge for Tokens/Coins to and from the Harmony, Ethereum, and Binance Smart Chain Network
- Collect Fees on Provided Liquidity Without Staking
- Vote on Governance Decisions, Including Adding New Tokens

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