Become a Validator

A validator is a participant in the network who runs validator nodes to run and secure the network. Here are some steps to run a validator node in REI Network:

Step1: Setup a validator node

Following quick start to setup your nodes and make sure your validator node is fully synced.

Quick Start

Minimum system requirements

• RAM: 16GB

• CPU: 4-core

• Storage: 500G SSD

• Bandwidth: 10Mb/s

Recommended system requirements

• RAM: 32GB

• CPU: 8-core

• Storage: 1T SSD

• Bandwidth: Unlimited

Step2: Submit a Validator Profile

This repository (repo) provides the details about offchain informations of validators.

GitHub - REI-Network/rei-validator: OffChain informations of REI network validatorGitHub

REI Validator Profile Guideline

Step3: Vote/Stake to your node

You can stake on REI Network by following the guides below:

Voting for a Validator

Step4: Set commission rate

Commission rate represents the proportion of the validator's reward, which is a number from 0 to 100. It can only be set by the validator, and the interval between 2 modifications cannot be less than 24 hours.

Eg: If a validator sets the Commission rate to 40, then 40% of the rewards he receives will be distributed to all users who voted for this validator.

UI

• Navigate to https://dao.rei.network/#/stake
• If the address in your wallet is a validator address, there will be a Set Commission Rate button appears beside Voting to Validator

Set Commission Rate

• Click on Set Commission Rate and enter a percent number you wanna share with voters

Set Commission Rate

Ethers

import { getDefaultProvider, Wallet } from "ethers";
import { StakeManager__factory } from "@rei-network/contracts";

const provider = getDefaultProvider("https://rpc-mainnet.rei.network");

const wallet = new Wallet("yourPrivateKey", provider);

const stakeManager = StakeManager__factory.connect(
  "0x0000000000000000000000000000000000001001",
  wallet
);

stakeManager
  .setCommissionRate("commissionRate")
  .then(() => {
    // ...
  })
  .catch(() => {
    // ...
  });

Step5: Claim validator reward

UI

Click on Get Reward and Claim block producer rewards in the validator list

Ethers

import { getDefaultProvider, Wallet } from "ethers";
import { StakeManager__factory } from "@rei-network/contracts";

const provider = getDefaultProvider("https://rpc-mainnet.rei.network");

const wallet = new Wallet("yourPrivateKey", provider);

const stakeManager = StakeManager__factory.connect(
  "0x0000000000000000000000000000000000001001",
  wallet
);

stakeManager
  .startClaim("receiveAddress", "claimAmount")
  .then(() => {
    // ...
  })
  .catch(() => {
    // ...
  });

Node: The reward will be vested for 7 days before you can finally claim it, checkout Claim Vested Stake