Delegation insurance by Baking Bad
Boost your delegators' confidence
How it works
Register and confirm ownership of tz-account
Calculate the insurance amount
Top up the insuring KT-account
Insurance calculator
Baker tz-address Invalid tz-address
Service fee, %
%
Payout delay, cycles
cycles
Your insurance plan
In order to incentivize insured bakers we mark them in our bakers rating with a star. Additionally
we pin to the top of the rating bakers with coverage greater than 65%. Here is a complete list of
boundary values:
| Coverage | 35% | 65% | 95% |
| Insurance Deposit | {{ insuranceOptions[0].deposit }} ꜩ | {{ insuranceOptions[1].deposit }} ꜩ | {{ insuranceOptions[2].deposit }} ꜩ |
| Marked in rating |  |
 |
 |
| Pinned to the top | — |  |
|
The calculator provides an estimated value. It does not take into account, for example, affiliated
delegators. For a
more precise calculation, please contact us.
What we do
Pay your clients in case of mistake or default
Help you with setting up and using payment automation tools
Update and publish your rating based on the insurance coverage
Insured Bakers
{{ baker.name }}
Available capacity:
{{ xtzFormatter(baker.freeSpace) }}
Baker is full
Your baker service could be here
Frequently Asked Question
Where is insurance deposit stored?
Your funds are kept on a separate KT-account delegated to your service, so your
staking balance is unchanged.
Only Baking Bad has access to this account.
Can I deposit less than calculated?
Yes, but your insurance coverage will be lower, as is your rating.
What will happen if I miss a block or an endorsement?
If node efficiency is below 90% per cycle, unpaid rewards will be covered by the
insurance.
This is not applicable in case of network failure.
Do I have to make regular payouts or will Baking Bad do it for me?
The baker have to pay delegators by himself according to the same scheme he uses
while calculating the insurance amount.
What if Baking Bad Insurance will not help to attract delegators?
We can't guarantee 100% success, because there are other factors like node size
and efficiency, that influence the delegator decision.
We suggest to start with a small insurance amount and increase it with the
delegated funds growth in order to keep the desired coverage percentage (100%
ideally).
Also note that your insurance deposit is delegated to your bakery so your
staking balance remains unchanged, and lost profit is negligible.
What is the cost of Baking Bad insurance?
Each cycle we keep 0.1% of the amount on the security deposit, the frozen funds
remain on the deposit account until a sufficient amount accumulates for
withdrawal. If the baker's coverage is more than 100%, the fee is keeping of
the amount at the rate of 100% coverage.
How to make insurance deposit refund?
Submit termination request via insurance@baking-bad.org.
Insurance deposit will be returned after 14 cycles. This is a time reserved to notify all your delegators. Next month after the submission is free of charges.
Insurance deposit will be returned after 14 cycles. This is a time reserved to notify all your delegators. Next month after the submission is free of charges.
What if the insurance conditions change?
All insured bakers will be notified 14 cycles before any change in terms and
conditions. They will be able to refund
insurance deposit in case of refusal of new insurance terms.