How to Choose Validators
When you stake crypto, you often delegate to validators. Choosing good validators affects your rewards and safety. Here's what to look for.
What is a Validator?
- Nodes that validate transactions and create blocks
- Stake their own capital as security deposit
- Earn rewards for honest participation
- Can be "slashed" for misbehavior
Key Validator Metrics
| Metric | What It Means | Look For |
|---|---|---|
| Commission | % of rewards validator keeps | 5-10% is reasonable |
| Uptime | % of time online | >99% |
| Self-stake | Validator's own funds | Higher = more aligned |
| Total delegated | All funds staked | Not too concentrated |
Commission Rates
Validators charge commission on staking rewards:
- 0% - Suspicious, may raise later
- 5-10% - Standard, sustainable
- 10-20% - Higher but may offer extras
- >20% - Likely too high
Beware 0% Commission
Validators offering 0% can raise commission anytime. They may also be unsustainable or new validators trying to attract stake. Some 0% validators have later raised to 100%.
Uptime & Performance
- Higher uptime = more blocks validated = more rewards
- Look for 99%+ uptime
- Check historical performance, not just current
- Consider multiple data centers for reliability
Slashing Risk
Validators can be slashed (penalized) for:
- Double signing - Signing two blocks at same height
- Downtime - Being offline too long
- Attacks - Attempting to manipulate consensus
Slashing Affects Delegators
If a validator you delegated to gets slashed, you lose some of your staked tokens too. This is why validator selection matters.
Decentralization Matters
- Avoid validators with too much total stake
- Concentration is bad for network security
- Consider delegating to smaller, reliable validators
- Helps keep network decentralized
Red Flags
- 0% commission - Unsustainable model
- No identity - Anonymous operators
- History of slashing - Check explorer
- Too much stake - Centralization risk
- Poor communication - No updates or contact
Where to Research
- Cosmos - mintscan.io, keplr wallet
- Solana - solanabeach.io, phantom
- Polkadot - polkadot.js.org
- Cardano - adapools.org
- General - stakingrewards.com
Diversify Validators
Don't put all stake with one validator. Spread across 3-5 validators to reduce risk from any single validator having issues.
Validator Selection Checklist
- Commission between 5-10%
- Uptime above 99%
- Has self-stake (skin in the game)
- Known team or company
- No slashing history
- Not in top 10% by stake (decentralization)
- Active communication/updates
- Infrastructure in multiple regions
Changing Validators
- Most chains allow re-delegation
- Usually no unbonding period to switch
- May be transaction fee
- Don't hesitate to switch if needed
Network-Specific Notes
Cosmos Ecosystem
- 21-day unbonding period
- Can redelegate without unbonding (once per 21 days)
- Slashing for downtime and double signing
Solana
- ~2 day unlock period
- Performance impacts rewards significantly
- Check skip rate and vote performance
Cardano
- No lock-up period
- Can switch pools anytime
- Check saturation level