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Shibarium

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Welcome To Shibarium

Overview
Shibarium PoS chain
Building on Shibarium
Architecture

Bridge

Node Setup

Security models
Staking - Validators and Delegators
Delegate

Validate

Staking Manager
Burns
Deploy smart contracts
MetaMask Installation & Set up Web3 RPC URL

Blockchain

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STAKING - VALIDATORS AND DELEGATORS



WHAT IS VALIDATOR STAKE?

Stakers are rewarded for helping to validate the ledger. They do this by
delegating their stake to validator nodes. Those validators do the legwork of
replaying the ledger and send votes to a per-node vote account to which stakers
can delegate their stakes.
HOW DOES A VALIDATOR WORK?

A 'Validator' on a Blockchain is like a banker who verifies every incoming
transaction. A transaction will only be completed on the blockchain when it has
been verified by the validator. Validators are assigned the duty to verify
transactions to whether or not they are legal and accurate.
IS STAKING PROFITABLE?

The primary benefit of staking is that you earn more crypto, and interest rates
can be very generous. In some cases, you can earn more than 10% or 20% per year.
It's potentially a very profitable way to invest your money. And, the only thing
you need is crypto that uses the PoS model.
To become a validator, you need to stake BONE tokens with staking management
contracts residing on the Ethereum mainnet. Rewards are distributed to all
stakers proportional to their stake at every checkpoint with an exception being
the proposer getting an additional bonus.
Validators are the key actor in maintaining the Shibarium network. Validators
run a full node and secure the network by staking BONE to produce blocks,
validate and participate in PoS consensus.
Validator performance is critical for the stability and security of Shibarium.
In order to ensure the network is in secure hands, in the early stages validator
selection will be a manual process requiring an application and interview for
consideration.
To begin staking Shibarium (BONE), you will need to have BONE and Ethereum on
the Ethereum Mainnet in your MetaMask wallet.
WHY DO VALIDATORS NEED STAKING?

In order to participate in securing the network and to be rewarded for this
doing this, validators are required to put up collateral “stake” which can be
forfeited (i.e. “slashed”) programmatically if their actions break the
programmatic rules that define the blockchain protocol which they secur.e
WHAT ARE COMMISSIONS FOR VALIDATORS?

In exchange for their role and service, validators receive rewards proportional
to their stake. The rewards are divided among all participants based on the
amount of tokens they have staked. The user's reward balance is recorded in a
contract, which is used to determine the rewards that can be claimed.
To become a delegator users need to stake a certain amount and approve the
request after that they will be added to the delegator list.

WHAT ABOUT DELEGATORS?

Delegators are individual users or an entity that participate in a consensus
mechanism by delegating their voting rights to a validator. Delegators can
choose to vote for a validator of their choice and delegate their voting power
to that validator. The validator, in turn, uses the combined voting power of all
delegators to help secure the network and validate transactions. This allows for
a more efficient and scalable consensus mechanism compared toPoW. Delegators are
people who own BONE and choose to support the network by staking their tokens
into validator nodes instead of running one themselves. They play an important
role in the system by selecting which validator nodes will be responsible for
validating transactions. Delegators choose to lend their tokens to validator
nodes, and as a result, they are entitled to a portion of the rewards earned by
those validators. On the other hand, this also implies that they are exposed to
the same risks as validators. For example, if a validator fails to comply with
the protocol, the delegators may lose a part of their tokens in relation to the
amount they had delegated to that validator.

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Last modified 23d ago
On this page
What is validator stake?
How does a validator work?
Is staking profitable?
Why do validators need staking?
What are commissions for validators?
What about delegators?
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Welcome To Shibarium

Overview
Shibarium PoS chain
Building on Shibarium
Architecture

Bridge

Node Setup

Security models
Staking - Validators and Delegators
Delegate

Validate

Staking Manager
Burns
Deploy smart contracts
MetaMask Installation & Set up Web3 RPC URL

Blockchain

Powered By GitBook