Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Refund validator identity account in order to pay vote fee #12

Open
JulI0-concerto opened this issue Jan 12, 2023 · 15 comments
Open

Refund validator identity account in order to pay vote fee #12

JulI0-concerto opened this issue Jan 12, 2023 · 15 comments
Assignees

Comments

@JulI0-concerto
Copy link
Contributor

No description provided.

@JulI0-concerto
Copy link
Contributor Author

We should add some found in our vault in order to be able to pay vote fees.
I suggest to send 10 SOL each.

@gsalberto
Copy link

gsalberto commented Jan 17, 2023 via email

@JulI0-concerto
Copy link
Contributor Author

Your vault is:
6odSszprwSGvbe5gjGsnQCj3WuguHGsUxsVF354ge6JY

You can always see it

@gsalberto
Copy link

gsalberto commented Jan 19, 2023 via email

@JulI0-concerto
Copy link
Contributor Author

At our stake high (125000 SOL), it costs between 0.35 and 0.4 SOL by day. I am monitoring our validator identity account to ensure there is always enough to cover vote fees. I maintain the account between 1 and 3 SOL.
Here are all transfers done by me to cover vote fees => https://solscan.io/account/c3rtoMCHSbFrLRTAdw4iRowKSn4BrDtvSPbuyJwkHwx#solTransfers
As you can see I always keep the account relatively low because it's a hot wallet (file on the server).
With 20 it will last for 55 days maybe more if our stake continues to pump.

@JulI0-concerto
Copy link
Contributor Author

Here is the first transaction to approve:

https://v3.squads.so/transactions/8PnghkVpmqKSeiU5MH5s2iibz8cc8yDDMhkkgF7iTEjh/tx/4XPru4FpkghGWSAZRpiWVNXe71t4ucKvsFCAvEE7bCXh

We send 2 SOL to our validator identity account (c3rtoMCHSbFrLRTAdw4iRowKSn4BrDtvSPbuyJwkHwx)

Could you approve with your two keys?

@gsalberto
Copy link

gsalberto commented Jan 19, 2023 via email

@JulI0-concerto
Copy link
Contributor Author

Thx Gui
We have 4 SOL rn so it will last ~10 days.
Next time we will send more I just wanted to do the exercise with you the first time with only 2 SOL.
When we have 250000 SOL we will no longer need to pay voting fees.

@gsalberto
Copy link

gsalberto commented Jan 19, 2023 via email

@JulI0-concerto
Copy link
Contributor Author

It’s because bigger the stake is more the validator has slots to propose blocks. At 250000 SOL you get enough slots to cover voting fees.

@gsalberto
Copy link

gsalberto commented Jan 19, 2023 via email

@JulI0-concerto
Copy link
Contributor Author

JulI0-concerto commented Jan 27, 2023

@gsalberto
Copy link

gsalberto commented Jan 27, 2023 via email

@JulI0-concerto
Copy link
Contributor Author

@gsalberto
Copy link

gsalberto commented Feb 22, 2023 via email

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
None yet
Projects
None yet
Development

No branches or pull requests

2 participants