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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Create a PSR bond associated with its validator, using the validators bond CLI (see Readme)
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Set a CPMPE bid 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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Ensure sufficient bond funding to cover the stake and bid amount. A calculator is available to help estimate the SOL needed 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.
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.