Common use of Double-signing Clause in Contracts

Double-signing. If someone on chain A reports that a Validator Node has signed two blocks at the same height on chain A and chain B, this Validator Node will get slashed on chain A for 5% of the Stake. User will forfeit and permanently lose all right and title to and interest in 5% of the User’s Stake, the Validation Rights and Voting Rights associated with such Tokens and all future Block Rewards and Transaction Fees that User could otherwise have earned by exercising Validation Rights with respect to those Tokens. The remaining 95% of the User’s Stake will be automatically withdrawn from the Validator Node and are subject to the unbonding period established by the Xxxxxx Network and described in Schedule A, Section 4.

Appears in 2 contracts

Samples: Staking Services Agreement, Staking Services Agreement

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Double-signing. If someone on chain A reports that a Validator Node has signed two blocks at the same height on chain A and chain B, this Validator Node will get slashed on chain A for 51% of the Stake. User will forfeit and permanently lose all right and title to and interest in 51% of the User’s Stake, the Validation Rights and Voting Rights associated with such Tokens and all future Block Rewards and Transaction Fees that User could otherwise have earned by exercising Validation Rights with respect to those Tokens. The remaining 9599% of the User’s Stake will be automatically withdrawn from the Validator Node and are subject to the unbonding period established by the Xxxxxx IRIS Network and described in Schedule AD, Section 43.

Appears in 2 contracts

Samples: Staking Services Agreement, Staking Services Agreement

Double-signing. If someone on chain A reports that a Validator Node has signed two blocks at the same height on chain A and chain B, this Validator Node will get slashed on chain A for 5% of the Stake. User will forfeit and permanently lose all right and title to and interest in 5% of the User’s Stake, the Validation Rights and Voting Rights associated with such Tokens and all future Block Rewards and Transaction Fees that User could otherwise have earned by exercising Validation Rights with respect to those Tokens. The remaining 95% of the User’s Stake will be automatically withdrawn from the Validator Node and are subject to the unbonding period established by the Xxxxxx Terra Network and described in Schedule AC, Section 43.

Appears in 2 contracts

Samples: Staking Services Agreement, Staking Services Agreement

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Double-signing. If someone on chain A reports that a Validator Node has signed two blocks at the same height on chain A and chain B, this Validator Node will get slashed on chain A for 5% of the Stake. User will forfeit and permanently lose all right and title to and interest in 5% of the User’s Stake, the Validation Rights and Voting Rights associated with such Tokens and all future Block Rewards and Transaction Fees that User could otherwise have earned by exercising Validation Rights with respect to those Tokens. The remaining 95% of the User’s Stake will be automatically withdrawn from the Validator Node and are subject to the unbonding period established by the Xxxxxx Hub Network and described in Schedule AB, Section 43.

Appears in 2 contracts

Samples: Staking Services Agreement, Staking Services Agreement

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