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.