What are Delegators?
The Delegators are not required to have a high computing power and do not want to run a Validator node. They are KAI holders who delegate their KAI to Validators to obtain a part of staking reward.
How to become a Delegator?
To become the Delegator, KAI holders have to send a delegated transaction where they will specify the amount of KAI to bond to Validators. The Delegator can do it from their KadiaChain wallet on the computer or mobile device. How to choose a Validator for staking?
The Delegators will need to access KardiaChain explorer and review important considerations about the Validators before delegating:
- Commission rate: the Validator will charge the commission-rate on Delegator’s revenue.
- Commission max change rate: the maximum daily increase of the Validator commission.
- Maximum commission: the maximum commission-rate the Validator can charge. This parameter cannot be changed by the Validator.
- Minimum self-delegation: the minimum amount of KAI that Validator needs to have bonded at all time. If the self-delegation is below the limit, the Validator stake pool will be unbound.
What is the directive of Delegators?
To protect and avoid losing staking KAI, the Delegator should:
- Carefully perform due diligence on the Validator candidate’s reputation, website information before delegating.
- Actively monitor their delegated Validator to ensure that they have a good uptime record, do not double sign block or get compromised and participate in the consensus process.
- Observe any change in Commision rate. If the Delegator is not satisfied with the delegated Validator, they can un-delegate and delegate to different Validators.
What are the Delegator risks?
For any misconduct or misbehaves from the Validators, the delegated staking KAI will be slashed. Moreover, the amount of delegated stake will be locked for 7 days before the Delegators can retrieve it. So, the Delegators should carefully choose the Validators that they can trust.