Update on the New Foundation Voting Program

Hi Validators!

After a brief hiatus for the summer where the Celo Foundation has been revising the Celo Foundation Validator Voting Policy, we are pleased to share the newest updates to the program.

TLDR

  • Cohorts will extend from 9 months to 12 months.
  • 3 Cohorts per year, with a 4 month gap in between cohort applications.
  • Each cohort has a fixed placement that it can allow depending on availability.
  • Existing validators in a cohort can now more easily renew their applications. Evaluation will primarily focus on validator network uptime and attestation completion rate. In the event all applicants score very high on those, secondary criteria will be evaluated in order to fill each cohort.

Cohorts currently receiving votes have an updated expiration date:

  • Cohort 5: 24 validator groups – votes will expire on November 1, 2021
    • 24 slots will open up for application
  • Cohort 6: 7 validator groups – votes will expire on March 1, 2022
    • 7 slots will open up for application
  • Cohort 7: 23 validator groups – votes will expire on July 1, 2022
    • 23 slots will open up for application.

Cohort 8 applications will open the first week of September 2021. Those in Cohort 5 will be invited to reapply given their cohort will expire around then. New validator applicants will be encouraged to apply as well.

The docs is in the process of being updated, the pull-request with updated information can be found here.

Thank you for your support of the validator program. We look forward to how this new program improves the experience of both existing cohorts and new validators applying for the first time.

The Celo Foundation

1 Like

@Yaz , would it be possible to get a more plain language overview of the program here? Also, I think having a more practical guide for those interested in being new validators would be of use. Right now, it’s hard for outsiders to understand what’s happening. Here are some basic questions worth covering:

  1. What level of votes is required in practise?
  2. What is the practical way to get voted in as a new validator?
  3. What are the chances of getting in if a validator puts in the effort to show uptime on the test network?

Thanks.

The foundation voting policy is here: Celo Foundation Voting Policy - Celo Docs

There are guides on running a validator but they are very technical as it’s a very technical task that ensures network security.

Currently, 2 Million CELO is needed to vote in 1 validator.

1 Like