How to Become a Validator
Last updated
Last updated
By becoming a validator, you contribute to the security and decentralization of Chiliz Chain while earning rewards and playing a crucial role in the ecosystem's governance and growth.
Before registering as a validator, ensure you meet the following criteria:
You must be vetted and approved by the Chiliz Labs, which is our off-chain governance entity. Learn more about Chiliz Labs by sending an email to labs@chiliz.com.
You must run your own validator node, or use a third-party service to run the node for you.
You must stake a MINIMUM of 10 million CHZ.
You must get approved by the existing set of validators.
You must first reach out to labs@chiliz.com before you can register as a Validator.
Once the prerequisites are met and you’ve received approval from Chiliz Labs, follow these steps to register on the Chiliz Governance dApp:
Open the Chiliz Governance dApp.
Click on the "Register New Validator" button.
Complete the Registration Form:
Enter the IP address of your validator node.
Specify the amount of CHZ you want to stake (minimum 10 million CHZ).
Set your preferred commission rate, which determines the share of rewards retained from your delegators.
Review the details carefully and click "Submit" to complete the registration process.
After you submitted the form, one of the existing validators will launch a Governance Proposal, in order for the rest of the validators to vote on whether or not to include your validator node in the consensus mechanism.