How to Redelegate Your Tezos (XTZ)?
Tags: Tezos, Staking, Cryptocurrency, Proof Of Stake, Blockchain

Hi Readers 👋,

Some people have been asking us how they could redelegate their Tezos to another baker, thus we decided to create a simple guide explaining how to do that.

When should you consider redelegating your Tezos?

As you understand in the title, redelegation is not something you should do if you are happy with your baker! Anyway, even if there are lots of bakers out there, there are sometimes reasons to redelegate.

Here are some cases in which you should redelegate your Tezos to another baker:

Your baker is not paying the rewards he owes you or if he is taking too many fees. You can check if your payments are coming by using Baking Bad services: https://baking-bad.org/

Payouts overview of one of our delegators using https://baking-bad.org/

You have delegated to an over-delegated baker. You can check if a baker is over-delegated or not by using My Tezos Baker.

Over-delegated bakers as shown on https://mytezosbaker.com/

By looking at the capacity column, you will be able to see if a baker is over-delegated or not. If there is a minus before “Available Capacity” this means the baker is over-delegated. With an over-delegated baker, there are chances that you may receive lower than estimated rewards or even no rewards at all.

Your baker is not performant enough. Finally, the last reason you should consider changing your baker if it starts to miss several endorsements in a row or if it starts to double bake blocks. Always have a look at the all-time performance of your baker as well as the performance of its recent cycles.

Low-efficiency bakers as shown on https://mytezosbaker.com/, please note that this is based on all-time performance. Hence some might have been underperforming in the past, but can be performing now, and

reciprocally.

How to redelegate using Tezbox?

On Tezbox, it’s very easy: the only thing you have to do is to log in and then open the “Delegate” tab in order to modify your previous baker with the new one.

To redelegate to POS Bakerz, simply click on “Delegate Options” and choose Custom.

Then in Custom Delegate, you should enter the following address:

tz1Vyuu4EJ5Nym4JcrfRLnp3hpaq1DSEp1Ke

When the address is typed just click on Update delegate. And this is done!

You should also approve the operation on Ledger if you use your device with your Tezbox wallet. If you are interested, we’ve written an article on how to configure a Ledger on your Tezbox wallet.

How to redelegate using Galleon?

If you are using Galleon, here is how you can redelegate to another baker.

First, you need to open your wallet. Then click on your delegated address and then go to “Delegate”. There is a button called “Change delegate”, click on it and you will be able to change the delegated address.

Enter the following address to “Change Delegate to New Address”:

tz1Vyuu4EJ5Nym4JcrfRLnp3hpaq1DSEp1Ke

Now you will have to type your password in order to validate the new delegate. This is it, you are now redelegating your Tezos to POS Bakerz.

How to redelegate using Magnum Wallet?

If you are using Magnum Wallet, here is how you can redelegate to another baker.

Click on your bakers, and then a window like this should open.

By clicking on Redelegate you are now able to change your baker.

Just click on Select baker and a list of bakers will appear. If you want to redelegate to Stakin by POSBakerz, you simply need to choose us in the list.

Once, you have selected the baker you want, you simply need to click on next and confirm the operation by typing your wallet password.

And this is it, you are now redelegating your Tezos to another baker.

How to verify the operation has been successful?

To verify the operation, you can use Tzscan.io.

If the redelegation operation has worked successfully, you should see the new address under delegate.

If you delegated to POS Bakerz, the address you should have under delegate is the following:

tz1Vyuu4EJ5Nym4JcrfRLnp3hpaq1DSEp1Ke

That is it! 🎉

You can contact us on Twitter, Telegram or directly using our Website if you have any questions!

DISCLAIMER — This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the loss of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.