Delegation InstructionsIn Celo, delegating takes the form of voting for a Validator Group. In order to delegate, you must install the Celo CLI to perform the tasks listed below.
You may use a Ledger Nano or X for all transactions made using the Celo CLI. To do so, append --useLedger to the commands. You may target a specific address on the Ledger using --ledgerCustomAddresses “[n]”, where n is the index to the target address. Detailed instructions for using a Ledger are available here.
All CELO amounts should be expressed in wei (1 CELO = 1000000000000000000 wei)
$ADDRESS represents a vote signer for a ReleaseGold contract or standard account address. If your account is already registered, skip to step 2.
1. Register Your Account
celocli account:register --from $ADDRESS2. Lock CELO GOLD
celocli releasegold:locked-gold \--contract $CELO_RG_ADDRESS \--action lock \--value $VALUE
3. Vote for the Validator Group*
*$ADDRESS represents a vote signer for a ReleaseGold contract. You will need to use a Vote Signing Key.
celocli election:vote \--from $ADDRESS \--for $CELO_VALIDATOR_GROUP_ADDRESS \--value $VALUE
4. Activate Your Votes
celocli election:activate --from $ADDRESS
5. View your Votes
celocli election:show $ADDRESS --voter2. Lock Celo GOLD
celocli lockedgold:lock --from $ADDRESS --value $VALUE
3. Vote for the Validator Group*
*$ADDRESS represents a vote signer for a standard account address.
celocli election:vote \--from $ADDRESS \--for $CELO_VALIDATOR_GROUP_ADDRESS \--value $VALUE
4. Activate Your Votes
celocli election:activate --from $ADDRESS
5. View Your Votes
celocli election:show $ADDRESS --voter
Unbonding your tokens involves revoking votes, unlocking the CELO, and finally withdrawing the CELO. Detailed instructions are here.
Rewards for Locked CELO holders are targeted at 6% annually. This percentage can be adjusted by the protocol.
Holders of Locked CELO who voted in the previous epoch for a group that elected one or more validators and have activated their votes are eligible for rewards. These rewards are denominated in Locked CELO and reapplied as votes, so future rewards are compounded without the account holder needing to take any action.
In Celo, delegating is done in the form of voting for a Validator Group. Locked CELO holders’ are not at risk of slashing. However, if there’s a slashing event, the group, validators, and CELO token holders will all receive reduced rewards for the next month.
We discovered a bug in the core client code preventing validators from correctly signing blocks
Have tokens on other networks? Learn more about delegating to our community validators on Cosmos, Edgeware, Kusama, Livepeer, Ontology, Polkadot, Solana, and more. We also offer dedicated participation clusters.
If you have questions, or if you are interested in running a validator on the Bison Trails platform, please contact us. Our protocol specialists are happy to assist you.
