Validators
Overview
The validator is an indispensable member of the Transformers network, A node needs to stake a certain amount of TTOS, and there is a certain amount of delegators stake amount on the node in order to become a verifier. The validator mainly performing various functions such as data synchronization, signature transactions, transaction verification, and broadcast transactions etc. The validator participates in the signature of the transaction and receives the signature fee for the transaction. Validators can also obtain signature rewards based on the delegators stake amount and apply for signature rewards daily. The verification node can also receive tips from the contract caller when publishing the contract.
Validators Rule
- Firstly, the validator is a node server that meets the basic configuration.
- The validator needs to stake at least 1000 TTOS to the account, and delegators should entrust at least 10000 TTOS to the validator. After meeting the above-stake conditions,The Validator will be confirmed as active, can obtain the network access permit of the Transformers and obtain all the network rights and interests.Inactive validators cannot acquire any interest in the network.
- The maximum amount of entrusted staking accepted by a single validator is 65000 TTOS. And the validator will not be able to perform entrusted staking when the amount of staking reaches the highest value.
- The freeze period for the validator's stake in the network is 30 days, and once stake, it cannot be immediately released.
Validators Equity
Validator can receive workload rewards, which are evaluated based on various factors such as online duration, investor pledge quantity, and number of signatures. Relevant information can be viewed on the blockchain browser. If the validator's Workload does not meet the standards the previous day, they will not receive the application reward the next day, and the corresponding delegators will not receive the application reward share. So keep an eye on your validator nodes at all times
Reward Rules
The Validator will receive revenue based on the Transformers Reward Epoch cycle. The revenue quantity is calculated based on the following two formulas, and the formula algorithm is detailed below.
ER = IR / SR
S = N * ER / 365
Earning Rate (ER) = IR(Inflation rate) / SR(Stake Ratio)
Stake Ratio (SR) = Current Stake Total / Total Current Liquidity
Total Current Liquidity = Total Liquidity - Total Claims for the day
Current Stake Total = Total Stake Amount - Total Stake Amount for the Day
- The maximum value of SR is 0.90. If it is over than 0.90, it is calculated as 0.90.
- The minimum value of SR is 0.35. If it is less than 0.35, it is calculated as 0.35.
- The minimum value of IR is 0.02. If it is less than 0.02, it is calculated as 0.02.
The Stake rate and inflation rate vary linearly annually based on the release amount, and specific changes can be found in inflation
The table of annual changes in stake rate(SR) and inflation rate(IR) is as follows:
| SR | 2021 Annual inflation rate(IR) | 2022 Annual inflation rate(IR) | 2023 (IR) | 2032(IR) |
|---|---|---|---|---|
| 0.35 | 0.077 | 0.077 * 0.88 | 0.077 * 0.88 * 0.88 | ...... |
| 0.36 | 0.077 * 0.9865 | 0.077 * 0.88 * 0.9865 | 0.077 * 0.88 * 0.88 * 0.9865 | ...... |
| 0.37 | 0.077 * 0.9865 * 0.9865 | 0.077 * 0.88 * 0.9865 * 0.9865 | 0.077 * 0.88 * 0.88 * 0.9865 * 0.9865 | ...... |
| ...... | ............ | ............ | ............ | 0.02(Minimum is 0.02) |
S(Validators's claimable total amount the next day) = N(Validators's current investment amount) * ER(Earning Rate) / 365
Validators's current investment amount (N) = Validators's total investment stake amount - Validators's current day investment stake amount
- SR result retains two decimal places (no rounding)
- ER result retains 8 decimal places (no rounding)
How to become a validator?
If you have idle servers and want to participate in Transformers network contributions, you can run a validation server and become a validator. How to set up the operation is detailed in Deploy a validator
How the validator stakes?
Make sure that you have a TTOS in your wallet before you stake it.
Stake your TTOS to the verifier to start earning rewards.
The validator stakes needs to be operated through validator node, and the specific operation steps are detailed in Stake.