Hi, what happens when you stake and the collator decides

Question

Moonbeam & Moonriver Official

Folding Auto

Hi, what happens when you stake and the collator decides

that the minimum staked amount is above whatever you staked? Get kicked out?

#blockchain #cryptocurrency #english #moonbeam

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05.03.2022

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turrizt |NEVER DM YOU FIRST · Accepted Answer

the collator has no control over the minimum bond. It is a level that's set naturally by the number of delegations and the value of each delegation. when the number of delegators is 300 (for each collator) , the minimum bond will be based on the most recent 300th delegator. Therefore, if many collators have a min bond now of 50, it can grow a lot when the collator has 300 delegators. In this case, you can do a revoke, or wait for the collator to return to active set. In this case, you need to click X revoke and wait 7 days, then after 7 days you need to manually confirm the execute and your funds will be credited to your wallet.

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Hi, what happens when you stake and the collator decides

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