Elys Network Validators
About our Validators
Last updated
About our Validators
Last updated
Validator General Information
Validators are responsible for committing new blocks to the blockchain and providing network security. A validator's stake is slashed if they become unavailable, or permanently tombstoned if the validator signs blocks at the same height (double sign). Please read about to learn how to protect your node from DDOS attacks and to ensure availability on the respective testnet or mainnet.
Eligibility Validators for Elys Network must be on the Cosmos Hub (ATOM) active validator set, subject to the following ICS consumer chain parameters:
Type: Opt-in
AllowList: N/A
DenyList: Exchange validators
NumberCap: 40 validators
PowerCap: 10% voting power
Validator Incentive Structure
30% airdrop increase for validators and their stakers who opt in for 1 year
25% of staking rewards to Cosmos Hub opt-in validators and their stakers. For the first year, that equates to 2 million ELYS
15% of protocol-retained revenue (revenue remaining after distributions to liquidity providers and stakers) paid out to Cosmos Hub opt-in validators and their stakers in USDC
Validator Expectations
As part of the infrastructure backbone of the Elys Network, validators are expected to play an active role in the community by engaging with the core team and community members, primarily via Discord. Please join the Discord server here
Validator setup documents are provided here, with pertinent binaries available at the Elys Network github repository:
Join the Elys Network to receive up-to-date information on governance, technical information, upgrades, etc, using the following Social Links:
Active Validator Set
Currently up to 40 active validators (can be changed by governance) based on voting power of Cosmos Hub validators opting in to validate for Elys Network. Centralized exchange validators are excluded from participating as Elys Network validators.