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Setting Up Commission Rate
Reward Calculation
Becoming a Validator
Adjust Commission Rate
This document provides guidance on setting up and adjusting the commission rate for collators on the peaq network. It highlights key aspects of the new token economy introduced in runtime upgrade v0.0.104.
Setting Up Commission Rate
To set up your commission rate, follow these steps:
Open polkadot.js
Navigate to the
polkadot.js
interface.
Navigate to Extrinsics
Go to
Developer → Extrinsics → parachainStaking → setCommission
.
Submit Transaction
Enter your desired commission rate and submit the transaction.
To set a 1% commission, enter
10000
in the commission field. For 25%, enter
250000
.
Reward Calculation
More information about the reward calculation can be found
here
.
Join Candidate Pool
Adjust Validator Stake
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