Helium Rising offers self-service VaaS. Pool members can automatically set up and start their own Helium validator node with the click of a button (and the stake, of course). Details below.
How Does VaaS Work?
Helium Rising offers Validator-as-a-Service (VaaS) with a 100 HNT advance deposit. Keep in mind, staking your own wallet requires using Helium's CLI wallet. You CANNOT stake from the mobile wallet at this time. Ongoing fees include our 3% management fee, plus actual server costs.
How do I start?
Log in to Helium Rising (powered by Patrium), and visit the Helium Rising dashboard. From there, select "More..." and then "Self-Stake", Click the button to add a self-staked validator and follow the instructions provided.
Will my self-staked validator(s) be in the Helium Rising pool?
No. Self staked validators belong to you, and earnings go directly into your wallet. You keep all HNT earnings, minus our monthly admin fee and server costs, which we will invoice you for each month.
Do I need to be in the pool, too?
No, you do not need to be in the pool, too. Being in the pool provides benefits, mainly liquidity, but we understand that some might prefer to hold their own stake. That's cool, too.
How much are fees to run my own validator?
Admin fees for self-staked validators are discounted 40% from the current Helium Rising pool admin fee. That fee is presently 5%, so self-staked validators will be 3% of earnings, plus actual server hosting fees.
How much are server hosting fees?
We are using AWS to host our validators, providing industry leading technology, automation, and reliability. Things could change, but we're estimating $60/month for users who sign an annual contract, or $90-$100 per month otherwise, plus some bandwidth costs.
Do you offer liquidity for self-staked validators?
No. Because you staked the validator yourself, you will need to wait whatever length of time the Helium blockchain makes you wait to unstake a validator before your initial stake it returned to you. Presently this is estimated to be 5 months. However, there are no further admin fees during that waiting period.
Can I use the Helium mobile app to stake my validator?
NO! At initial launch, validator staking can ONLY originate from a command line interface wallet (known as a CLI Wallet). This is a bit more technical and requires setting up a linux computer to run the CLI wallet, so you will need to research and set up a CLI wallet on your own in order to self stake a validator.
I don't know how to use the CLI wallet? Can I still stake my own validator?
Sort of? You can join the pool at an equivalent level, but you wouldn't have a "dedicated" validator.