๐ง Best Practices to Avoid Slashing
Slashing penalties can lead to loss of coins for both validators and delegators. To protect your stake and help maintain a secure network, follow these best practices:
1. Choose Reliable Validators
Delegate to validators with a strong track record of uptime and good performance.
Check validator histories on explorers to avoid those frequently jailed or penalized.
2. Keep Validator Nodes Online and Updated (For Validators)
Run validator nodes on reliable hardware with stable internet connections.
Regularly update your node software to the latest stable versions to avoid configuration issues.
3. Monitor Validator Status Regularly
Use blockchain explorers and monitoring tools to keep an eye on your validatorโs health and status.
Set up alerts to be notified immediately of any downtime or slashing events.
4. Maintain Minimum Self-Delegation (Validators)
Ensure you keep the required minimum amount of your own coins staked to avoid being jailed for insufficient self-delegation.
5. Act Quickly if Jailed
If your validator gets jailed, submit the unjail transaction promptly after fixing the issue to minimize downtime and lost rewards.
6. Stay Informed on Network Updates
Follow official announcements and upgrade guides to remain compliant with protocol changes and avoid unintentional slashing due to outdated software.
7. Delegate Responsibly (For Delegators)
Diversify your delegation to multiple trustworthy validators to reduce risk.
Regularly review validator performance and redelegate if needed.
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