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quick-start-for-validators.md

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Quick Start For Validators

Set Up a Node

The first step is to run a node. Find a number of different resources in Running a Node if you don't already have one running.

Run the Reti Node Daemon

Validators need to run the Reti Node Daemon alongside their node.

Define Validator

Validators can define a number of parameters - some of which are immutable. More information on each parameter can be found in Validators.

Mandatory Parameters

  • Owner address (preferably a cold wallet)
  • Manager address (hot wallet)
  • Epoch Length (Payout frequency) in rounds [blocks]
  • Validator commission rate
  • Validator fee address (account which receives commission)
  • Minimum entry amount
  • Number of pools per node (participation keys) - Maximum of 3
  • Max number of nodes - Maximum of 8
    • This means a maximum of 24 pools can be created.

Optional Parameters

  • Link an NFD to the Validator - this enables linking certain data to their Validator details page like a profile picture and bio.
  • Reward token / reward rate
  • Sunsetting information
  • Token / NFD Gating:
    • Supported gating options include:
      • Tokens/NFTs by creator and min amount
      • Specific ASA ID(s) [up to 4]
      • Tokens/NFTs created by any address linked within a particular NFD.
      • Owning a segment of a particular NFD Root

Add First Staking Pool

  • Once your validator has been added, you MUST add a staking pool. Click the '...' to the right of your listed validator, and select 'Add Staking Pool' to add your first pool. Without a pool, users can't stake. The node number you specify is the node number the pool will be hosted and which the node daemon will manage keys for.
  • See staking-pools.md for more information.