Validator actions when staking Gnosis Actions you can perform

Disclaimer

This guide is for informational purposes only. The author nor website owner does not guarantee accuracy of the information in this guide and is not responsible for any damages or losses incurred by following the guide. See more.

Wallet upgrade

Wallet type can be found through a Chain explorer. Just find your validator key and check the Withdrawal Address at Deposits tab of your validator keys detail. There are 3 available withdrawal wallet states, recognizable through first 3 letter of the withdrawal credentials:

  • 0x00 - Standard validator with 1 GNO maximum stake - no withdrawal credentials attached to the validator key. This is the default state of the validator key, if no withdrawal wallet was set during key generation
  • 0x01 - Standard validator with 1 GNO maximum stake and withdrawal wallet attached. Staking rewards are distributed automatically to the withdrawal wallet withdrawn based on request.
  • 0x02 - Compounding validator with GNO stake between 1 and 64. Staking rewards are withdrawed based on request.

How to swith wallet state?

There is possible only to upgrade the wallet. Downgroad is not possible.

  • Upgrade from 0x00 to 0x01 can be processed through validator key generation tool.
  • Upgrade from 0x01 to 0x02 can be processed through Consolidation website, see below:
    • Consolidation website URL: https://consolidate.gnosischain.com/

      NOTE: If you use Safe Wallet, you need to open it in Safe UI. To do so, open a Safe Wallet, go to Apps, witch to My custom apps tab and add it there through "Add custom Safe App" button, if the app was not added yet. Then, open the app. You should have opened a page with url like: 

      https://app.safe.global/apps/open?safe=gno:YourSafeWalletAddress&appUrl=https%3A%2F%2Fconsolidate.gnosischain.com

    • Within a consolidation app, you see a dashboard with your pubkey indexes and Action box at bottom side. Here, you can select maximum consolidation balance of a pubkey. Consolidation Gnosis dashboard
    • Next, you see an overview of the consolidation - which pubids will be consolidated into which pubids. On pressing Consolidate batch button, the consolidation will be processed- Consolidation Gnosis dashboard

      NOTE: If you see an error such as "Error submitting transactions" due to "An Unknown RPC Error occured. Details: Not connected to Ethereum network Version: [email protected]", try a different HW wallet, such as Rabby, if you have the option.

    • On processing the consolidation batch, consolidating pubkeys will switch to exiting state. Target pubkeys will get a new tab in the expolerer - Consol.

      Be patient - the target pubkey balance is not increased immediatelly with the exited pubkeys balances - there may be a queue. However the targeted pubkeys will get immediatelly 0x02 withdrawal wallet state, so they are compounding pubkeys now.