As a validator, OriginStake is committed to making its best efforts to maintain the highest possible uptime for its node, in order to protect the interests of delegators.
In the event of force majeure events such as natural disasters, network failures, or other situations beyond OriginStake’s reasonable control, leading to node downtime and delegators incurring soft-slashing penalties, OriginStake will compensate a portion of the lost delegation fees due to the soft-slashing incident.
The maximum compensation will not exceed the total delegation fees received by OriginStake during the corresponding period.
This mechanism aims to share the risk and provide incentives for OriginStake to always strive to ensure the stability of the node, for the common benefit of both delegators and the validator.
Protection Against Slash Events Such as Double-Signing
OriginStake strictly adheres to all regulations, guidelines, and best practices in operating its node, in order to avoid serious incidents such as double-signing that could lead to delegated assets being slashed.
To prepare for unexpected situations beyond its reasonable control, OriginStake commits to maintaining an insurance fund, which is regularly funded by a portion of the delegation fees collected by OriginStake.
In the event that, despite OriginStake’s utmost efforts, an incident still occurs leading to delegated assets being slashed, OriginStake will use the insurance fund to compensate delegators for a portion of their losses, up to the maximum amount of the current balance of the fund at the time of the incident.
This mechanism demonstrates OriginStake’s strong commitment to protecting the interests of delegators, while also incentivizing OriginStake to maintain the highest standards of security and operation at all times.
Last updated: May 30, 2024