Validators & Delegators

Validators are the block producers of the system and are responsible for validating the computational outputs submitted to the network. There is no upper limit on the number of Validators participating in Odyssey Chain, only a minimum self-stake requirement.

Block rewards and transaction fees in the form of Dione coins are given to Validators in exchange for their ongoing efforts. The Validators can increase their stake and the chance to be elected to validate blocks, by attracting more Delegators. Apart from an excellent reputation, this can also be done via incentives, where Validators pledge a percentage of block rewards to Delegators if they back them. As a result, a Validator with a smaller stake might spur competition by paying Delegators a pro-rata percentage of block rewards in exchange for their support.

The system allows for Validators to pledge 0% to Delegators, however, they can easily be left with no Delegator support.

Hardware Requirements

• CPU: Equivalent of 8 AWS vCPU
• RAM: 16gb
• Storage: 1Tb SSD
• OS: Ubuntu 20.04 or MacOS >= 12

Staking Requirements

• The minimum amount that a validator must stake is 500 000 DIONE
• The minimum amount that a delegator must delegate is 500 DIONE
• The minimum amount of time one can stake funds for validation is 1 year
• The maximum amount of time one can stake funds for validation is 6 year
• The minimum amount of time one can stake funds for delegation is 1 month
• The maximum amount of time one can stake funds for delegation is 6 years
• The maximum weight of a validator (their own stake + stake delegated to them) is the minimum of 60M Dione or 5 times the amount the validator staked (whichever is minimum). For example, if a Validator stakes 2M Dione to become a Validator, only 8M Dione can be delegated to their node total (not per Delegator)

A validator will receive a staking reward if they are online and respond for more than 80% of their validation period, as measured by a majority of validators, weighted by stake. You should aim for your validator to be online and responsive 100% of the time.