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serai/docs/protocol/Validators.md
Luke Parker 1994dab634 Add documentation on Validator Sets
2022-07-21 23:30:51 -05:00

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Validators

Register (message)

  • validator (signer): Address which will be the validator on Substrate.
  • manager (signer): Address which will manage this validator.
  • set (VS): Validator set being joined.

Marks validator as a validator candidate for the specified validator set, enabling delegation.

Delegate (message)

  • delegator (signer): Address delegating funds to validator.
  • validator (address): Registered validator being delegated to.
  • amount (Amount): Amount of funds being delegated to validator.

Delegated funds will be removed from delegator's wallet and moved to validator's bond. If validator's bond is not a multiple of the validator set's bond, it is queued, and will become actively delegated when another delegator reduces their bond.

Note: At launch, only validator's manager will be able to delegate to validator, and only in multiples of the validator set's bond.

Undelegate (message)

  • delegator (signer): Address removing delegated funds from validator.
  • validator (address): Registered validator no longer being delegated to.
  • amount (Amount): Amount of funds no longer being delegated to validator.

If a sufficient amount of funds are queued, the validator's operation continues normally, shifting in queued funds. If the validator falls below a multiple of the validator set's bond, they will lose a key share at the next churn. Only then will this undelegation process, unless another party delegates, forming a sufficient queue.

Note: At launch, only multiples of the validator set's bond will be valid.

Resign (message)

  • validator (address): Validator being removed from the pool/candidacy.
  • manager (signer): Manage of validator.

If validator is active, they will be removed at the next churn. If they are solely a candidate, they will no longer be eligible for delegations. All bond is refunded after their removal.