Validator Overview Dashboard

The Validator Overview dashboard provides statistics and allows users to benchmark validators based on staking KPIs, activity, and performance. Axelar network validators participate in consensus and block creation which is common in blockchain networks and in multi-party cryptography protocols and voting which is intrinsic to Axelar. Axelar relies on incentive mechanisms to achieve decentralization, security and liveness for all cross-chain requests.

Validators earn rewards on the basis of participation to three fundamental mechanisms:

  • Participation in the underlying Tendermint Consensus layer

  • Participation in multi-party signing

  • Voting to verify events on the external chains they maintain

This dashboard aims at tracking validator performance across these mechanisms and other health metrics.

Validator Staking Info

Validator Overview: Use this table to inform how you delegate amongst Axelar validators. Validators are required to stake axl tokens to participate in the network. Other token holders can delegate their tokens to a validator’s staking pool and earn a portion of their rewards.

  • Voting power refers to the fraction of the total stake that has been delegated to a validator. Any user that holds tokens may delegate their voting power (stake) to an existing validator or run their own validator and self-delegate their stake.

  • Quadratic voting is introduced in Axelar for validation and processing of cross-chain transactions and ensures a more even distribution of voting power across all validators.

  • Self-delegations are included in the total delegations in the Validator Overview. A single delegation indicates a self-delegation.

  • Commission rate is applied to the revenue a validator earns and is paid by delegators.

  • A “BONDED” status indicates that a validator is actively participating in the network. “UNBONDING” or “UNBONDED” refers to the validators that have fallen out of the active set.

Recent Validator Performance

Validator Activity: Use this table to track important KPIs that demonstrate liveness and participation in multiparty cryptography protocols.

  • “Missed blocks” summarises the number of blocks that a validator failed to sign.

  • For multi-party signing, liveness is signaled via a “heartbeat” transaction that is sent every 50 blocks.

  • Signing participation shows the rate at which validators participated in cross-chain signing events.

EVM Voting

Monitors level of participation in external chain voting. Validators can vote on events if they are registered as chain maintainers and may show as abstained only for the chains they maintain. All validators can vote to verify the following type of events on the external chains they maintain:

  • ConfirmTransferKey

  • ConfirmERC20Deposit

  • ConfirmERC20TokenDeployment

  • ConfirmGatewayDeployment

  • ConfirmChain

The charts contained in this section provide an overview of voting patterns as well as show statistics on "No" votes by validator and network. For the purpose of this section, and in all instances where it is shown, no vote ratio only takes into account "Yes" and "No" votes. No vote ratio is therefore defined as the total "No” votes divided by the sum of "Yes" and "No" votes. Empty time stamps for Ratio of No Votes by Network indicate instances where no voting occurred.

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