Validator Types & States
This page is intended to explain what the different states of a Validator are possible in the Chainflip system, and what each of them means.
It is important to note that a Validator does not refer to just any node on the Chainflip State Chain network. In contrast to State Chain Client operators, who may be using them for liquidity management, running a Broker, or simply monitoring the State Chain for data, a Validator, a node must also run the Chainflip Engine (CFE) sidecar module and have configured endpoints for all external chains, as well as set their State Chain account type to Validator.
This page should help operators understand how to set their Validator state to participate in auctions and manage their system accordingly.
| Status Tag | Description | Criteria |
|---|---|---|
| Qualified | A Qualified validator can participate in Auctions. | A validator node is considered Qualified if all of the following conditions are fulfilled: - Account Role is Validator - Online (based on last heartbeat submission) - Session Keys are registered - Peer Id is registered - Running at least the minimum required version of the Chainflip Engine. - The Validator’s FLIP balance is at or above the Minimum Required Stake (20k FLIP at the time of writing) |
| Bidding | A bidding node is indicating its intention to participate in auction. Validators that wish to participate should set their bidding intention to true. | Outside of auction periods, Validators can set their bidding status freely. During Auctions: - Bidding Validators may not redeem funds or change state to Non-Bidding. - All Validators can add funds at any time |
| Retiring | A retiring validator is indicating its intention to retire from the next auction. Validators that wish to retire should set their bidding intention to false (non-bidding). | Outside of auction periods, Validators can set their bidding status freely. During Auctions: - Non-Bidding Validators can redeem unlocked funds and change their state to bidding. - All Validators can add funds at any time |
| Keyholder | A Keyholder holds a fragment of an unexpired threshold signing key from a previous Authority Set. | - Remains Keyholder until all held key fragments expire (keys expire at the start of the epoch after the next) - Can redeem funds if not bidding |
| Authority | Authorities are responsible for block authorship, consensus, witnessing, threshold signing, and transaction broadcasting. They earn Authority Rewards. Authorities are Bonded according to the auction preceding the KeyGen ceremony. | - Auction winner - Successfully participated in a Keygen ceremony - Block Producer & State Chain Authority - Witnesser |
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