Participating in the auction
A Guide for Validators to Join and Set Parameters in the Stake Auction Marketplace
To participate, a validator must:
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Set a CPMPE, in lamports (Cost per mile per epoch, corresponding to the maximum bid that the validator is willing to pay to receive 1000 SOL delegated for an epoch)
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Set a maximum amount of stake wanted, in lamports
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Make sure the bond is sufficiently funded to receive the amount of stake wanted while being able to pay for the bid that has been set. Marinade released a calculator that can help calculate the amount of SOL required in the bond.
A simulation is running on https://psr.marinade.finance/ where validators can see how the bid they set would impact the stake distribution. More instructions to participate in that simulation are available here.
If a validator’s bond holds more than 0 SOL, the "MaxStakeWanted" parameter is automatically set to 10,000 SOL by default, unless the validator specifies a higher amount. If a validator sets their "MaxStakeWanted" below 10,000 SOL but is eligible to receive stake, the minimum stake they can obtain remains at 10,000 SOL. Additionally, setting the CPMPE to 0 means the validator will not incur any costs for the stake, even if they win the auction and receive the stake.
Reminder:
- SOL deposited in a validator's bond will always stay delegated to that validator and can be considered as self-stake.
- Always use the Validator bonds CLI to add or withdraw SOL from your validator's bond.