Summary

This article outlines the role and responsibilities of a Cere nominator. Unlike other networks, being a nominator in Cere is not a passive role. Nominators play a vital part in the network's security and must actively manage their stakes to optimize rewards and minimize risks.

The Role and Responsibilities of a Cere Nominator

Being a nominator in Cere is an active role that requires ongoing attention and management. Nominators play a crucial part in the network's security, and they are rewarded for their efforts but can also be penalized.

What Should I Keep in Mind as a Nominator?

As a nominator on Cere, you have a stake in the network and carry part of the responsibility for the good behavior of the validators you choose.

Understanding the Risks and Responsibilities

• Slashing Risk: If your active validator gets slashed for bad behavior, your stake will get slashed too. Careful selection of validators is essential.
• Contribution to Security: You actively contribute to the security of the Cere network with your choice of validators.
• Education and Understanding: Educate yourself on selecting the best validators and understanding what slashing is.

Managing Staking Rewards

• Limited Reward Slots: Only the first 512 nominators of a validator earn rewards. You must choose a validator with less than 512 nominators or have a high enough stake to be in the first 512.
• Ongoing Monitoring: Other nominators with higher stakes might push you out of the first 512 ranks. Regularly check your payouts and validators to see if you need to make a new validator selection.
• Understanding Oversubscription and Other Factors: Be aware of oversubscription and other factors that might result in not getting staking rewards, such as nominating with less than the minimum amount of CERE required.

Summary of Responsibilities

1. Pick Trustworthy Validators: Choose validators that will benefit the network.
2. Optimize Staking Rewards: Manage your stakes to maximize payouts for your benefit.

To begin your staking journey in Cere, familiarize yourself with the relevant guides and resources that will assist you in using the new Staking Dashboard.