create-validatortransaction. Initially, only the top 50 validators with the most voting power will be active validators.
create-validatortransaction, they can be in three states:
in validator set: Validator is in the active set and participates in consensus. Validator is earning rewards and can be slashed for misbehaviour.
jailed: Validator misbehaved and is in jail, i.e. outside of the validator set. If the jailing is due to being offline for too long, the validator can send an
unjailtransaction in order to re-enter the validator set. If the jailing is due to double signing, the validator cannot unjail.
unbonded: Validator is not in the active set, and therefore not signing blocks. Validator cannot be slashed, and does not earn any reward. It is still possible to delegate MEDs to this validator. Un-delegating from an
unbondedvalidator is immediate.
unbondingtransaction. Then, MEDs undergo a 3 weeks unbonding period during which they are liable to being slashed for potential misbehavior committed by the validator before the unbonding process started.
100 * 80% * 10% = 8 MEDs
100 * 20% + Commission = 28 MEDs
100 * 80% - Commission = 72 MEDs
1005 MEDsin fees.
0%on the Panacea for now.
1005 MEDsare distributed to validators and delegators. Let's assume that the proposer included 100% of the signatures in its block. It thus obtains the full bonus of 5%.
Rfor each validator:
R + R * 5%: 105 MEDs
105 * 80% * 10%= 8.4 MEDs
105 * 20% + Commission= 29.4 MEDs
105 * 80% - Commission= 75.6 MEDs (each delegator will be able to claim its portion of these rewards in proportion to their stake)
R: 100 MEDs
100 * 80% * 10%= 8 MEDs
100 * 20% + Commission= 28 MEDs
100 * 80% - Commission= 72 MEDs (each delegator will be able to claim their portion of these rewards in proportion to their stake)