Jailed Validator : how to know the reason and how to redelagate (2024)

FAQs

What happens if a validator is jailed? ›

What happens when a validator is temporarily jailed for downtime. 1% of all of the stake delegated to the node is slashed, i.e., burned and disappears forever. This includes any stake delegated to the node by external parties. (If a validator gets jailed, delegators may decide to switch whom they delegate to.)

If a validator is found to behave maliciously or dishonestly, it may be slashed, which means that a portion of its deposit is destroyed by the network as a punishment. As such, slashing incentivises validators to perform their duties correctly, thereby promoting the network's best interests.

On Ethereum's Beacon Chain, the network produces blocks of transactions once every 12 seconds in periods known as “slots”. For every slot, there is an individual validator randomly chosen to “propose” the corresponding block.

Validator risk: Assuming you don't run a validator yourself, stakers will need to select a third party validator with which they will stake their tokens. This process does not involve giving away custody of the stakers' funds.

The reward is usually higher for validators with higher stake, as they have more skin in the game and more responsibility. However, validators also face risks, such as slashing, which is a penalty for malicious or faulty behavior. Slashing can result in the loss of some or all of the stake.

Staking-as-a-Service

They validate transactions and maintain the network's integrity. But not all validators are created equal. The choice of a validator should be guided by various critical factors that guarantee not only the safety of your stake but also the health and efficiency of the blockchain network.

Based on the example above, if you become a solo validator on the Ethereum network, the estimated income earned is 4.58% a year. This means that by staking 32 ETH, the validator will earn around US$ 2,594.33 per year, assuming the ETH price is at US$ 1,700.