Procedure to register your L0 validator nodes

[Sacha]

Procedure to register your validator node

Step 1: Create a topic in this category

do not reply on this post, create a topic in this category, click here to go to the category.

Which has the following information:

• your full name(s)
• or company name (if the validator will be on behalf of an organization)
• why you want to become a L0 validator
• where your validator will be hosted (on TFGrid or not, in which geographic location)

Our registrations are first come, first serve basis, based on registration in step 1.

Step 2: register your interest on TFChain

• Use the registration function (1st week of Feb) on TFChain.
• Make sure there are enough TFT on your account.

If you don’t have enough tokens yet you can get them using the website gettft.

Step 3: ThreeFold Moderators will verify info

TF Moderators will check

• Verification of identity (this is needed to make sure one person cannot reserve too may validators to start with).
• Verification that we have enough locations covered

Step 4: Deploy your validator node.

• The first 50 approved will be able to register their validator on cosmos chain probably June 2022 and the 5% yield farming will start (updated info)
• Live deployment will be end 2022

What are the Rewards for a Layer 0 Validator?

The validators get 10% from people staking, and all validators together get 10% from revenue going over the TF Executors (not from TF Grid primitives).

Also a 5% yield farming per year during the first 2 years will be distributed amongst validators.

[AdnanF]

Here is a visual guide to sign up for the L0 validator node:

Step 1: click here to go to the category .

Step 2: Click “Why not create a topic?” (circled in red)

Step 3: Fill out the form and post with the following details:

• Type Title: L0 Validator Application: Add Your name/entity
• your full name(s) / entity
• or company name (if the validator will be on behalf of an organization)
• why do you want to become an L0 validator
• where your validator will be hosted (on TFGrid or not, in which geographic location)

[marko]

@Sacha, I still didn’t get the answer from @kristof here, so i’m asking you about the rewards:

Does L0 Validator also receive + 5% yield per year during the first 2 years as mentioned in latest TF Deep Dive Session 6 on presentation slide “Validator Nodes & Executors Grid 3.0 / Q1 2022” (page 44)?

This +5% yield is (explained in video) because “During the first two years there will not be enough utilization yet to give you some return.”

[AdnanF]

Hey Marko

Yes, that is correct L0 validators will receive an additional + 5% yield per year during the first 2 years.

Thanks for the question.

[marko]

Thank you!

[joris]

Use the registration function (1st week of Feb) on TFChain

How can we register our interest on TFChain?
Via TF Chain portal?
Is the registration function there yet?

[AdnanF]

Hey Joris.

Thanks for the question. The only way to register interest as a validator is to use the L0 and L2 signup posts on the forum. We will release the next validator guidelines on the forum after the sign-up process is complete. Stay tuned and thank you for your support!

[rblode]

Hello… any news about validator ?

[Sacha]

We’re finalizing a last few details to start the validators verification this week

[randynho]

Can you already say when the validator setup begins?

[Wesley]

Is it still possible to apply for a L0 validator node?

[FLnelson]

Yes, there are more applications than spots, but I’m sure some won’t follow through.

[v2x3]

Hi Sacha! Is there any news regarding L0 validator program?