Running a Validator
How to run a regenerative validator by setting up a payment delegation on Celo
At the highest level our mission at Spirals is building regenerative web3 infrastructure. When we first started this journey, we spent a lot of time working with validators – the core players powering proof-of-stake infrastructure – to understand how they can become climate-positive and use this to attract more stakers!
If you are here right now, it's probably because you are interested in running a regenerative validator. We can't wait to support you on this journey and exploring together how core blockchain infrastructure can heal the world 🌎
Today on Celo validators can set up a payment delegation to a beneficiary address. This means that every epoch a fraction of the validator rewards in cUSD is sent to the beneficiary, and this information is stored on Celo's core smart contracts.
By setting up a payment delegation with the Spirals multi-sig on Celo as your beneficiary, you can start to make a continuous, positive impact on climate today!
Yes! The section below shows you how you can do this today in 2 easy steps with the Spirals multisig as the beneficiary. Feel free to give this a try, and you can remove the payment delegation at anytime as well. Let's dive in 👇
celoclionly supports node v12.x today so make sure you have that.
nvmis a pretty nifty package for managing multiple versions of node!
$ nvm use 12
$ npm install -g @celo/celocli
$ celocli --version
@celo/celocli/1.7.3 darwin-x64 node-v12.22.12
$ source .env # load PRIVATE_KEY from .env file
$ export BENEFICIARY="0xb207D01Ae3816E5179eBaA93Acf9afD7F6d27A6d" # Spirals multisig on Celo
$ export FRACTION=0.1 # 10%
$ celocli account:set-payment-delegation --account 0xE1C46D6e7D44a446E2981A7C96F0cf9A9b097AF5 --beneficiary $BENEFICIARY --fraction $FRACTION --privateKey $PRIVATE_KEY
Payment delegation beneficiary and fraction are:
And that's it! Thank you setting up this payment delegation and committing to running regenerative blockchain infrastructure. In the short-term, we hope to ship some exciting features in the ecosystem to highlight the impact validators we work with are making :
🔦 Impact metrics on validator explorers so you can attract new stakers through impact
📈 Monthly impact reports that you can share your impact with your community
💻 Spirals dashboards for understanding your impact and where the money is going
If at any point in time you would like to remove the payment delegation, you can simply do that by calling
Special shoutout to Aaron from VladiatorLabs for piloting this process with us and providing valuable feedback 🙏