Stake Wars MinStake Set
With just one week left until we start Stake Wars properly by inviting operator registration, it is time for us to deliver an eagerly anticipated parameter of the competition.
We delayed the start of Phase 2 - Base Building by one week after assessing the state of the network. There are a number of challenges prospective operators are facing at the start of the Gemini 3g which we enumerated and talked on last week.
While some of those challenges persist, we have a wider schedule to maintain in our march to Mainnet Beta. This means that we will be keeping our Phase 2 start date of 2023-11-22.
Taking a look at how our farmers are doing with more and more plotting (and replotting!) being completed we have decided to set our MinStake for Stake Wars on Gemini 3g at 100TSSC.
This means that to participate as an operator you will need to join the Nova EVM domain by calling the registerOperator() extrinsic with a number of parameters which are:
| Parameter | Example Value | Note |
|---|---|---|
domain_id |
1 | This is the ID of the Nova domain we will be running Stake Wars on |
amount |
100+ | Remember if you submit the transaction on http://polkadot.js.org you need to suffix your value with 18 zeroes |
minimum_nominator_stake |
? | Entirely up to the operator. This is the minimum amount a nominator has to pledge to enter your nomination pool. |
nomination_tax |
?% | How much you will take as tax from the rewards shared with nominators. |
signing_key |
0xHexAddress | The signing key you have provided to your operator on the command line. Usually via a keystore. |
Note that the higher the amount you stake, the higher your chance of being selected as a bundle producer is which, in turn means you will earn transaction fees which is the name of the game in Stake Wars! In addition, we are putting the final touches on our staking interface that takes the hassle of manually submitting the transactions required to participate.
We hope to see as many of our community as possible taking part so keep farming your stake and join us in a week when we launch Phase 2 on a community call!
