Validators are independent and distributed nodes providing essential services for the Arable protocol. All validators run a token vesting script to distribute rewards. Select validators may also
- Provide oracle services for multichain asset pricing and interest rate data of native chain farms.
- Provide an arUSD stability bot to keep it pegged to USD.
- Provide oracle services.
In return for their services, validators receive ACRE rewards.
In the future, Arable Protocol will go live with its own blockchain and join the Cosmos network.
How to become a validator?
We will have 50 spots for validator nodes available for the launch phase. More will open up as the protocol develops.
If you want to run a validator node, you are expected to:
- Be experienced with administering and securing a server. Ideally, you already have prior experience running validator nodes on other networks.
- Stake an initial 300k ACRE with your validator.
A validator is expected to have an uptime of virtually 100% and be reachable by the network 24/7. The validator owner's responsibility is to keep the validator script up-to-date with the newest version and secure your server against hacks and intruders. If you fail to run a dependable validator, you risk getting your stake slashed, meaning a percentage of your staked ACRE can be taken away by the protocol.
If you believe you fit the profile and are interested in becoming a validator, you can apply by filling out and submitting the Validator submission form. Someone will get back to you within a week.
If you are accepted, you need to set up the validator script on a server that supports Node.js scripts and create a validator from within the Arable app.
During the launch phase, the system requirements of a node server are pretty low and can be run even on small servers with a good internet connection. As the Arable protocol develops, validators will take on more tasks, increasing system requirements.
Instructions on how to set up a validator can be found in our repository: validator.md
A validator allows delegators to stake with them. In return, the validator takes a commission from the delegator's rewards. This commission rate is decided individually by each validator. It can be set anywhere from 0% to 25% of the delegator's rewards. The remainder is paid out to the delegator by the validator.
By staking with your validator, any delegators share the risk of slashing proportional to their stake. If you get slashed, they get slashed as well.
Delegators will look for validators with the best track record and a low commission rate. We recommend finding a balance between your administrative costs and a competitive commission rate.