Become a Validator
To become a validator, you can use Joltify installer or follow the steps below.
1. Run a full node
To become a validator, you must first have joltify
binary CLI installed and be able to run a full node. You can follow the guide to setup your full node if you haven't yet.
2. Create a validator
In order to create a validator, you need to create a wallet first. This will be used in order to hold the tokens that you will later delegate to your validator node, allowing the validator to properly work.
You can run the following to add key (replace key_name
with a name of your choice):
Alternatively, for securing a validator, we highly recommend using a Ledger device. To create a new wallet with a Ledger (replace key_name
with a name of your choice), please run:
If you encounter any connection problem with Ledger, you can refer to the Ledger Support.
To ensure your wallet was saved to your keyring, you can check the keys list by running the following command:
3. Obtain validator public key
The last thing needed before initialising the validator is to obtain your validator public key which was created when you first initialised your node. To obtain your validator pubkey
:
4. Create validator
Ensure you have a small amount of JOLT on the wallet address you are using on your keyring in order to successfully send a transaction. Once you have a balance on the address on your keyring, you can now send the create-validator transaction.
Here is the empty command:
Here is the same command but with example values:
Here is the explanation of these command flags:
The
from
flag is the KEY_NAME you created when initialising the key on your keyring.The
amount
flag is the amount you will place in your own validator (Note that the initial staking amount must be greater thanmin-self-delegation
).The
pubkey
is the validator public key found earlier.The
moniker
is a human readable name you choose for your validator.The
security-contact
is an email that your delegaters are able to use to contact you.The
chain-id
is whatever chain-id you are working with (in the Joltify Testnet case it isjoltifydev_1730-1
).The
commission-rate
is the rate you will charge your delegates (in the example above, 10 percent).The
commission-max-rate
is the most you are allowed to charge your delegates (in the example above, 20 percent).The
commission-max-change-rate
is how much you can increase your commission rate in a 24 hour period (in the example above, 5 percent per day until reaching the max rate).The
min-self-delegation
is the lowest amount of personal funds the validator is required to have in their own validator to stay bonded (in the example above, 100JOLT).The
ledger
flag indicates that you are using Ledger.
5. Track validator active set
You can search for your specific moniker by adding grep MONIKER at the end:
If your bond status is BOND_STATUS_BONDED
, congratulations, your validator is part of the active validator set!
6. Track validator's signing
To track your validator's signing history, copy the validator public key:
Use your validators public key queried above as the validator-pubkey below:
Example:
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