create-validator
transaction. Initially, only the top 50 validators with the most voting power will be active validators.create-validator
transaction, where they must fill out the following parameters: link.create-validator
transaction, 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 unjail
transaction 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 unbonded
validator is immediate.1 med
.unbonding
transaction. 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 MEDs
in fees.0%
on the Panacea for now.1005 MEDs
are 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%.R
for each validator:R + R * 5%
: 105 MEDs105 * 80% * 10%
= 8.4 MEDs105 * 20% + Commission
= 29.4 MEDs105 * 80% - Commission
= 75.6 MEDs (each delegator will be able to claim its portion of these rewards in proportion to their stake)R
: 100 MEDs100 * 80% * 10%
= 8 MEDs100 * 20% + Commission
= 28 MEDs100 * 80% - Commission
= 72 MEDs (each delegator will be able to claim their portion of these rewards in proportion to their stake)