Validators

You can stake your MySo tokens by sending a transaction that calls the staking function in our system.

To unstake your MySo tokens, send a transaction that calls the unstaking function. This unwraps your stake object and returns both your principal and accumulated rewards as MySo tokens. You only receive rewards for epochs where your stake was active for the entire period. Each epoch lasts 240 minutes, so rewards are distributed at the end of each epoch period.

When choosing a validator, consider their commission rate (percentage of rewards they keep) and performance. Poor-performing validators may be punished and receive no rewards for that epoch. MySocial-compatible wallets and explorers typically provide validator information such as commission and APY.

To run a MySocial validator node, you need at least 24 physical cores (or 48 virtual cores), 128 GB of memory, 4 TB NVMe SSD storage, and a 1 Gbps network connection.

MySocial recommends using Linux (preferably Ubuntu or Debian) for production validators. MacOS can be used for development purposes. You'll need to install dependencies like Rust, protobuf, OpenSSL, and other system packages.

Setting up a validator involves installing dependencies, Rust, building from source, generating encryption keys, configuring your node, and then running it as a service. Detailed instructions are available in the MySocial documentation.

To become an active validator, you need to stake a minimum of 250,000 MySo tokens to join the validator committee. The network maintains a low stake threshold of 200,000 MySo and a very low stake threshold of 100,000 MySo. If your stake falls below these thresholds, you may risk losing your validator status.

If a validator's stake falls below the low threshold of 200,000 MySo, they enter a grace period of 7 epochs (28 hours) to increase their stake. If a validator's stake falls below the very low threshold of 100,000 MySo, they also enter the same grace period. If they fail to increase their stake within this grace period, they may be removed from the active validator set to maintain network security.

Staking rewards are calculated and distributed at the end of every epoch (240 minutes) based on the validator's share of the total stake, their performance, and the total gas fees collected by the network. Additionally, the network distributes stake subsidies of 1,000,000 MySo every 10 epochs, which began at epoch 0. Validators may charge a commission fee on the rewards earned by their delegators.

Yes, validators can change their commission rates without prior notice. This commission is the percentage of staking rewards they take from delegators. When choosing a validator, it's important to monitor their historical commission rate changes.

The MySocial network maintains a minimum of 4 validators and supports up to a maximum of 150 active validators. This range helps ensure network efficiency while maintaining sufficient decentralization and security. The network dynamically adjusts the validator set based on these limits.