Difference between revisions of "Transfer cMix ID"
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If you have not done this yet, you can now bond your new wallet that you will be validating from. | If you have not done this yet, you can now bond your new wallet that you will be validating from. | ||
<ol> | |||
<li><p>First, click the ''Stash'' button in the top right.</p> | |||
[[File:Screen Shot 2022-04-05 at 6.57.53 PM.png|center|363x87px]] | [[File:Screen Shot 2022-04-05 at 6.57.53 PM.png|center|363x87px]] | ||
</li> | |||
<li><p>Set the stash and controller to be the same (new wallet).</p></li> | |||
<li><p>Stake at least 1000 coins, but remember always to leave some coins to pay for transaction fees.</p></li> | |||
</ol> | |||
=== 3. Set Session Keys === | === 3. Set Session Keys === |
Revision as of 17:16, 8 April 2022
This page contains instructions on how to transfer a validator's cMix ID between two wallets.
This is a two-day/era process, so plan accordingly if you decide to do it.
First Day/Era Steps
1. Stopping Validation
Your node needs to stop validating for one day to do the cMix ID transfer. You will not receive compensation for the day while this is happening.
Mandatory deadline: This must be done before 19:00 UTC (election cutoff)
Recommended deadline: If you are part of the Mainnet Transition Program, then do this before 18:30 UTC (multiplier script run)
Steps:
- Go to the Explorer and navigate to Staking/Account Actions.
- Stop validating from your current validator wallet (old wallet).
2. Committing Your Wallets
Use the MainNet Wallet Commitment Applet to commit to your wallets.
Make sure you use the correct wallets for nominating and validating.
Your nomination wallet should be your old wallet, the one you have been validating with, and should have more coins.
Your validation wallet should be your new wallet.
Second Day/Era Steps
Mandatory deadline: All steps must be completed before 19:00 UTC (election cutoff).
Recommended deadline: If you are part of the Mainnet Transition Program, then complete the steps before 18:30 UTC to get the Team Multiplier.
If you miss the mandatory deadline, your node will be out of the active validator set for more than one era, resulting in losing earnings for the next era (until you complete the cMix ID transfer).
1. Rotate Session Keys
Follow the instructions to Set Session Keys to rotate the session keys on your validator.
The following steps are done on the Staking/Account Actions tab in the Explorer.
2. Bond the New Wallet
If you have not done this yet, you can now bond your new wallet that you will be validating from.
First, click the Stash button in the top right.
Set the stash and controller to be the same (new wallet).
Stake at least 1000 coins, but remember always to leave some coins to pay for transaction fees.
3. Set Session Keys
Using the new wallet, click the Session Key button, and do the following:
- Use the session keys result from Step 1
- Sign and submit the transaction
4. Transfer cMix ID
Using the old wallet, click the three dots menu and then the "Transfer Cmix ID" button, and do the following:
- Select a new wallet as the destination
- Sign and submit the transaction
5. Validate
Using the new wallet, click the "Validate" button, and do the following:
- Choose your commission
- Sign and submit the transaction
6. Nominate Your Validator
Using the old wallet, click the "Nominate" button, and do the following:
- Select your validator (new wallet) and up to 15 others
- Sign and submit the transaction