Edit Commission Fees
To adjust your validator commission fee, utilize the following command:
sentinelhub tx staking edit-validator \
--commission-rate=<new_commission_rate> \
--from <validator_key_name> \
--chain-id=sentinelhub-2 \
--gas-prices=0.5udvpn \
--gas=300000
Ensure to substitute <validator_key_name>
with your specific validator key name and <new_commission_rate>
with the desired commission rate. For instance, if you initially set the commission-rate to 0.05% during the create-validator
transaction, you can now adjust it to 0.06% or any other value within the limits defined by the commission-max-change-rate
parameter.
Please note that in this scenario, the flag --node
is not utilized, assuming you are executing this command directly from your validator machine.