Skip to main content

Docker Validator Deployment

warning

At least 0.5 Million OLT required for validator set up

important

Remeber to store a password in secret place!!!

Pre-requisites

  • Should be completed the fullnode deployment setup

Instructions

  • Create an account in the secure wallet

    docker-compose exec olfullnode sh -c "olclient account add --name your_preferred_name_for_memorisation"

    (Note: It will prompt for password please enter)

  • Run this command to get your node secure wallet stake address

    docker-compose exec olfullnode sh -c "olclient list"

  • Send at least 0.5 Million OLT to this account

    • You can use Chrome OneWallet extension to do this if the account you are sending from is in OneWallet;

    • You can use Chrome MetaMask extension to do this if the account you are sending from is in MetaMask;

  • Apply staking command to become a validator

    docker-compose exec olfullnode sh -c "olclient delegation stake --amount 500000 --address REPLACE_YOUR_STAKEADDRESS_HERE_WITHOUT_0lt_PREFIX"

  • Congratulations! Now you became a validator, you could check the status by this command

    docker-compose exec olfullnode sh -c "olclient delegation status --address REPLACE_YOUR_STAKEADDRESS_HERE_WITHOUT_0lt_PREFIX"

Rewards management

  • To Check reward information for a specific validator

    docker-compose exec olfullnode sh -c 'olclient call query.GetTotalRewardsForValidator {\"validator\":\"REPLACE_YOUR_ADDRESS_HERE_WITHOUT_0lt_PREFIX\"}'

    it will print the info about pending, mature and withdrawn amount

    {
      "address": "0lt0000000000000000000000000000000000000000",
      "matureBalance": "0",
      "pendingAmount": "2007145201754290708513",
      "totalAmount": "2007145201754290708513",
      "withdrawnAmount": "0"
    }

  • Once you see no-zero "matureBalance" in above reward information, you are able to withdraw rewards

    docker-compose exec olfullnode sh -c 'olclient rewards withdraw --amount XXX --address REPLACE_YOUR_STAKEADDRESS_HERE_WITHOUT_0lt_PREFIX'

  • After you withdraw rewards check the increased balance in validator stake address

    docker-compose exec olfullnode sh -c 'olclient balance --address REPLACE_YOUR_STAKEADDRESS_HERE_WITHOUT_0lt_PREFIX'

Unstaking and validator purge

  • To unstake your OLT (Note: If you unstake and validator is less than 0.5 Million you will no longer be a validator)

    docker-compose exec olfullnode sh -c "olclient delegation unstake --amount XXX --address REPLACE_YOUR_STAKEADDRESS_HERE_WITHOUT_0lt_PREFIX"

  • After unstake check your status

    docker-compose exec olfullnode sh -c "olclient delegation status --address REPLACE_YOUR_STAKEADDRESS_HERE_WITHOUT_0lt_PREFIX"

    When we unstake, there is a period of time referred to as “maturity time”. One can only withdraw the unstaked amount after this maturity time, since the unstake transaction. This maturity time is 80000 blocks, roughly ~two weeks.

Withdraw

  • As introduced in the unstake part, a Validator can only withdraw the unstaked amount after maturity time. To withdraw run below command

    docker-compose exec olfullnode sh -c "olclient delegation withdraw --amount XXX --address REPLACE_YOUR_STAKEADDRESS_HERE_WITHOUT_0lt_PREFIX"

  • After withdraw check your status

    docker-compose exec olfullnode sh -c "olclient list"

Transfer

  • To send your OLT back to your Onewallet/Metamask account

    docker-compose exec olfullnode sh -c "olclient send --party "YOUR_ADDRESS_WITHOUT_PREFIX" --counterparty "ADDRESS_YOU_WANT_TO_SEND_TOKEN_TO_WITHOUT_PREFIX" --amount "100" --fee 0.00000001 --currency OLT"

info

In case of permission denied during docker commands use sudo at the beginning