MultiversX Validators Announcements

[Forwarded from Elrond Network - Announcements] Accelerating Decentralization: Staking Phase 3.5 proposal The Elrond ecosystem has fantastic momentum in all areas. Staking has seen particularly explosive growth. We propose an interim adaptation of some of the staking mechanisms, in order to better align incentives towards further decentralization. For Staking Phase 3.5, we propose the following changes: 🔹 Adjust APR for Base & Top-Up stake 🔹 Existing Validators can become Staking Providers 🔹 Existing Validator nodes can be merged into Staking Pools The changes are expected to go live by mid of June. Full details: https://elrond.com/blog/elrond-staking-phase-3-5 Town Hall recording: https://youtu.be/k8CKA7HBTfo Forum discussion: https://forum.elrond.com/topic/1086-its-time-to-grow-staking-phase-35-proposal/ Retweet: https://twitter.com/LucianMincu/status/1392427695183695876

🏛 Elrond Validators Town Hall Meeting 2021 - 05 - 11 Recording

📣 TESTNET Upgrade T1.1.55.0 Hello Validators, We are upgrading the TESTNET. We upgrade the nodes and keep the database. This release includes several bugfixes. ⚠️ Do not upgrade your mainnet validators! You risk getting jailed and jeopardizing the mainnet. 🛠 Version: T1.1.55.0 👉 Let’s upgrade our TESTNET VALIDATORS. Please do:

cd ~/elrond-go-scripts-testnet
./script.sh github_pull
./script.sh upgrade
./script.sh start

🌐 Testnet Explorer | Testnet Wallet | Setup a Testnet Validator

🏛 Elrond Validators Town Hall: Staking Phase 3.5 Hello Validators, We are excited to introduce the Staking Phase 3.5 proposal. It brings a number of tweaks that should better align incentives towards the growth of the ecosystem and further decentralization. The ideas included will be presented by Beniamin and then discussed in a Q&A session. We invite all Validators to join! 📅 Tuesday May 11, 15:00 UTC 📺 https://zoom.us/j/91000257817?pwd=N1BIb2JpYmUzenBHOTMyWCtCc3VhQT09 Meeting ID: 910 0025 7817 Passcode: 876984

📣 TESTNET Upgrade T1.1.53.0 Hello Validators, We are upgrading the TESTNET. We upgrade the nodes and keep the database. This release includes a bugfix that will go live at Epoch 169 ⏱ Bugfix activates Epoch 169 Friday April 30 ~14:50 UTC ⚠️ Do not upgrade your mainnet validators! You risk getting jailed and jeopardizing the mainnet. 🛠 Version: T1.1.53.0 👉 Let’s upgrade our TESTNET VALIDATORS. Please do: cd ~/elrond-go-scripts-testnet ./script.sh github_pull ./script.sh upgrade ./script.sh start 🌐 Testnet Explorer | Testnet Wallet | Setup a Testnet Validator

📣 DEVNET Upgrade D1.1.51.0 Hello Validators, We are upgrading the DEVNET. We upgrade the nodes and keep the database. This upgrade brings the DEVNET in line with the mainnet. In short, tokens! 👌 Devs: no on-chain data loss because of this upgrade. ⏱ New features: ESDT + NFTs activate at epoch 444 ~17:40 UTC ⚠️ Do not upgrade your mainnet validators! You risk getting jailed and jeopardizing the mainnet. 🛠 Version: D1.1.51.0 👉 Let’s upgrade our DEVNET VALIDATORS. Please do: cd ~/elrond-go-scripts-devnet ./script.sh github_pull ./script.sh upgrade ./script.sh start 🛠 Devnet Explorer | Devnet Wallet | Setup a Devnet Validator

📣 MAINNET Upgrade V1.1.51.0 Hello Validators, We are upgrading the MAINNET! This release fixes a few bugs in v1.1.50.0. Please upgrade within the same timeline - before April 27. 🛠 Version: V1.1.51.0 👉 Let’s upgrade our MAINNET VALIDATORS. Please do: cd ~/elrond-go-scripts-mainnet/

./script.sh github_pull
./script.sh upgrade
./script.sh start

⏱ New features activate at Epoch 272, on April 28 ~14:30 UTC

📣 TESTNET Upgrade T1.1.51.0 Hello Validators, We are upgrading the TESTNET. We upgrade the nodes and keep the database. This release includes bugfixes. If successfully tested, mainnet upgrade follows soon after 🔥 - no mainnet action needed atm. ⚠️ Do not upgrade your mainnet validators! You risk getting jailed and jeopardizing the mainnet. 🛠 Version: T1.1.51.0 👉 Let’s upgrade our TESTNET VALIDATORS. Please do:

cd ~/elrond-go-scripts-testnet
./script.sh github_pull
./script.sh upgrade
./script.sh start

🌐 Testnet Explorer | Testnet Wallet | Setup a Testnet Validator

🏛 Validators Town Hall Meeting - Summary & Recording Hello Validators, Here's the recording of the call today. Summary: Queued nodes do not produce rewards. To increase Delegator rewards, Staking Pool owners should consider to: - unstake the queued nodes. Their stake will move as top-up on the remaining nodes, generating rewards for the delegators - communicate with your delegators and let them know about the implications of queueing for a slots Since our call and until now, several providers unstaked their queued nodes. Thank you team for acting in the best interest of the community. For the others, please consider doing the same. Calculator: https://docs.google.com/spreadsheets/d/14_J8GMC8DOrZj_Gf6KnvtjO-6fAtn5V3dk5oX50hTVE/edit#gid=0

🏛 Validators Town Hall Meeting Focus: Stake Pool owners, all validators welcome TL;DR - pools that include queued validators earn fewer rewards. Starts now: https://zoom.us/j/91365135664?pwd=TVlBb0hIYjJVOXdOSCs0TXY2NEFDdz09 Passcode: 217939

🏛 Validators Town Hall Meeting Focus: Stake Pool owners, all validators welcome TL;DR - pools that include queued validators earn fewer rewards. Queued Validators do not participate in consensus, and thus do not earn rewards. Examples included in the table below - we used 20% APR for base stake and 10% APR for top-up, for ease of calculation: https://docs.google.com/spreadsheets/d/14_J8GMC8DOrZj_Gf6KnvtjO-6fAtn5V3dk5oX50hTVE Please consider: • Consult your community about the implications • Optimal solution: unstake queued Validators, so their stake becomes top-up for the active Validators -> more rewards • Outcome: more rewards for delegators, fewer nodes in the queue 💡 Staking Providers considering securing a place in the queue, either do that by starting a new staking pool using your own funds, or inform your delegators about the implications of queueing with their funds. Let's do a call on this topic ⬇ ⏱ Wednesday April 21, 11:00 UTC https://zoom.us/j/91365135664?pwd=TVlBb0hIYjJVOXdOSCs0TXY2NEFDdz09 Passcode: 217939

📣 MAINNET Upgrade V1.1.50.0 Hello Validators, We are upgrading the MAINNET! This release is perhaps one of the most important since the mainnet launch and Smart Contract deployment: it brings ESDT tokens. The Elrond Standard Digital Token model is perhaps the biggest innovation to blockchain tokens since their invention. ESDT tokens, NFTs & SFTs (semi-fungible) are embedded into the Elrond protocol, which has deep implication for speed, cost & performance. Read more: https://elrond.com/blog/elrond-tokens-esdt-nft-sft-specs/ 🛠 Version: V1.1.50.0 👉 Let’s upgrade our MAINNET VALIDATORS. Please do: cd ~/elrond-go-scripts-mainnet/

./script.sh github_pull
./script.sh upgrade
./script.sh start

⏱ New features activate at Epoch 272, on April 28 ~14:30 UTC

📣 TESTNET Upgrade T1.1.50.0 Hello Validators, We are upgrading the TESTNET. We upgrade the nodes and keep the database. This latest release includes some optimizations and fixes for the Arwen WASM VM. ⚠️ Do not upgrade your mainnet validators! You risk getting jailed and jeopardizing the mainnet. 🛠 Version: T1.1.50.0 👉 Let’s upgrade our TESTNET VALIDATORS. Please do:

cd ~/elrond-go-scripts-testnet
./script.sh github_pull
./script.sh upgrade
./script.sh start

🌐 Testnet Explorer | Testnet Wallet | Setup a Testnet Validator

📣 TESTNET Upgrade T1.1.49.0 Hello Validators, We are upgrading the TESTNET. We upgrade the nodes and keep the database. ⚠️ Do not upgrade your mainnet validators! You risk getting jailed and jeopardizing the mainnet. 🛠 Version: T1.1.49.0 ⏱ New features (ESDT!) activate at Epoch 3, Friday April 16, 18:30 UTC 👉 Let’s upgrade our TESTNET VALIDATORS. Please do:

cd ~/elrond-go-scripts-testnet
./script.sh github_pull
./script.sh upgrade
./script.sh start

🌐 Testnet Explorer | Testnet Wallet | Setup a Testnet Validator

Validators Town Hall April 16 - recording Hello Validators, We uploaded the call for those of you that missed it. Highlights: • 342 Elrond Foundation nodes removed • Mainnet upgrade tentative timeline: release April 21, new feature activation April 29 • New Exchange & Launchpad implications on infrastructure performance: we want to be prepared. Important call to action to all Mainnet Validators: 👉 Let's 2x our system specs: 4x dedicated CPUs, 8GB RAM Why: we are already losing 2% of the rewards. The network is at 98% hitrate, meaning 2% of the blocks do not get validated due to "lazy nodes". When a block is not validated, there are no rewards for that round. This results in 2% of the yearly rewards being lost. At $220 EGLD price, that's $9.5 million dollars lost in rewards per year. (2,169,025 EGLD network rewards in year 1) With $50 per node per month in addition (likely less) the cost to 2x the entire network specs is $1.9 million dollars per year. That's a $7.6 million dollars net benefit, assuming the EGLD price will also be the same in 1 year from now. +$50 per node per month means +$600 per year. When you subtract that from the +$100k rewards per year, that still leaves +$100k rewards per year. 👌 Let's 2x our specs, team. Easy math.

Elrond Validators Town Hall April 16 REC

We are LIVE - join now 🟢 1. Decentralization - Elrond Foundational Nodes removal: status 2. Mainnet upgrade - new features and timeline 3. Maiar Exchange & Launchpad - infrastructure implications 4. Q&A session 🔎 Intended audience: people who run a validator on the mainnet, either active or in the queue 📅 Friday April 16 11:00 UTC Link: https://zoom.us/j/93646157083?pwd=bHVvVDFPTnJ0VVhFOS9mblQ2SGg2QT09 Passcode: 156706 📺 Yes, a recording will be posted.

📣 TESTNET Reset (pre-Upgrade): T1.1.43.2 - Remove DB Hello Validators, We will reset the testnet and bring it to the same version as the mainnet. We immediately follow-up with an upgrade. ⚠️ Do not upgrade your mainnet validators! You risk getting jailed and jeopardizing the mainnet. ✅ We delete the existing TESTNET databases. 🛠 Version: T1.1.43.2 👉 Let's upgrade our TESTNET VALIDATORS. Please do:

cd ~/elrond-go-scripts-testnet
./script.sh github_pull
./script.sh stop
./script.sh remove_db
./script.sh upgrade
./script.sh start

⏱ Genesis time: Friday April 16 (today), 12:30 UTC • 1 testnet epoch = 2 hours • unbonding period = 2400 rounds / 2 epochs / 4 hours 🌐 Testnet Explorer | Testnet Wallet | Setup a Testnet Validator

🏛 Validators Town Hall Meeting - Friday April 16 11:00 UTC Hello Validators, The imminent launch of the Maiar Exchange and Maiar Launchpad will come after an important mainnet upgrade (tokens!). Adoption is about to kick into high gear and we will be prepared. We invite you to a 1h conversation about the next steps: 1. Decentralization - Elrond Foundational Nodes removal: status 2. Mainnet upgrade - new features and timeline 3. Maiar Exchange & Launchpad - infrastructure implications 4. Q&A session 🔎 Intended audience: people who run a validator on the mainnet, either active or in the queue 📅 Friday April 16 11:00 UTC Link: https://zoom.us/j/93646157083?pwd=bHVvVDFPTnJ0VVhFOS9mblQ2SGg2QT09 Passcode: 156706 📺 Yes, a recording will be posted. See you soon, team! 🙌

📣 TESTNET Upgrade T1.1.48.0 Hello Validators, We are upgrading the TESTNET. We upgrade the nodes and keep the database. This release adds new fields to the getTokenProperties function. ⚠️ Do not upgrade your mainnet validators! You risk getting jailed and jeopardizing the mainnet. 🛠 Version: T1.1.48.0 👉 Let’s upgrade our TESTNET VALIDATORS. Please do:

cd ~/elrond-go-scripts-testnet
./script.sh github_pull
./script.sh upgrade
./script.sh start

🌐 Testnet Explorer | Testnet Wallet | Setup a Testnet Validator