Setting up a Validator Node
Creating a validator
To create a validator on the network you will need to send a transaction to the network bonding / staking your FET tokens. This process registers you as a validator and if you are one of the chosen validators you will start to produce blocks.
fetchd tx staking create-validator \ --amount=<the amount to bond> \ --pubkey=$(fetchd tendermint show-validator) \ --moniker="choose a moniker" \ --chain-id=<chain_id> \ --commission-rate="0.10" \ --commission-max-rate="0.20" \ --commission-max-change-rate="0.01" \ --min-self-delegation="<the min self delegation>" \ --from=<key_name>
Before trying to create a validator you should verify that you have some tokens available beforehand. The easiest way to do this is via the CLI.
Here is an sample of a typical command line command that will register the node as running the validator.
fetchd tx staking create-validator \ --amount=1000000000000000000atestfet \ --pubkey=$(fetchd tendermint show-validator) \ --moniker="my-test-validator" \ --chain-id=capricorn-1 \ --commission-rate="0.10" \ --commission-max-rate="0.20" \ --commission-max-change-rate="0.01" \ --min-self-delegation="1000000000000000000" \ --from=test-key
Editing a validator
Over time it is possible that validators will want to adjust various settings about their nodes. This can be simple things like the associated website for a validator or more consequential actions like altering the commission rate.
In either case, should a validator choose to make this update they would send an "edit-validator" transaction to the network. These can be created in a similar way to the "create-validator" transactions as shown below:
Unbonding a validator
When / if a validator wants to stop being a validator for any reason, they can unbond some or all of their staked tokens. This is done with the following command.
An example of the command is given in the following example:
Validators' obligations continue until the end of the aeon (which is typically 100 blocks or ~8 minutes depending on the configuration). It is therefore important that after a validator unbonds their stake they must leave their node up and running for 2 complete aeons before switching off. Failure to do so is treated as malicious behaviour and will result in stake being slashed.