Validator Registry

The SafudevPoweredValidatorRegistryV2 is the on-chain contract that manages the economic layer of BESC Hyperchain's validator system.

Contract Details

Field	Value
Address	0x76bF888EB22f6d11AD8C2348847062db746647E0
Version	SafudevPoweredValidatorRegistryV2 v1.0.1
Security Contact	security@bescfinancial.com
Total Staked	~490,000 BESC
Total Transactions	10,000+

Registry Parameters

Parameter	Value	Description
minSelfStake	10,000 BESC	Minimum self-stake to register
maxTotalStake	20,000 BESC	Maximum total stake per validator
maxCommission	2,500 bps (25%)	Maximum commission rate
busdcFee	40 BUSDC	Subscription fee per period
subscriptionPeriod	30 days	How often the fee is due
gracePeriod	7 days	Grace period before deactivation
unbondCooldown	1 day	Wait time after undelegating
commissionCooldown	7 days	Wait time between commission changes

Validator Lifecycle

APPLY          → registerValidator(name, commission, delegationEnabled)
                 (must include minSelfStake BESC as msg.value)
      │
      ▼
PENDING        → Existing validators vote via voteToApproveValidator()
                 Requires supermajority (> 50% of active validators)
      │
      ▼
ACTIVE         → Validator receives reward distributions
                 Must call payFee() every 30 days (40 BUSDC)
      │
      ├─ Grace period expires without fee → DEACTIVATED
      ├─ Governance vote → forceDeactivated
      └─ Self-exit → startValidatorExit() → exitValidator()

Key Functions

For Validators

// Register as a new validator (payable — send minSelfStake BESC)
function registerValidator(
    string memory name,
    uint16 commission,      // basis points, e.g. 500 = 5%
    bool delegationEnabled
) external payable;

// Pay monthly subscription fee (requires BUSDC approval first)
function payFee() external;

// Increase your self-stake
function increaseSelfStake() external payable;

// Withdraw self-stake (after exit process)
function withdrawSelfStake(uint256 amount) external;

// Update commission rate (subject to 7-day cooldown)
function updateCommission(uint16 newCommission) external;

// Begin validator exit process
function startValidatorExit() external;

// Approve or reject a delegator application
function approveDelegator(address delegator, bool status) external;

For Delegators

// Delegate BESC to a validator (payable — send BESC amount)
function delegate(address validator) external payable;

// Undelegate from a validator
function undelegate(address validator, uint256 amount) external;

// Claim accumulated rewards
function claimRewards(address validator) external;

// Apply to delegate (if validator requires approval)
function applyToDelegate(
    address validator,
    string memory tgUsername,
    string memory basicInfo
) external;

For Governance (Validators Voting)

// Vote to approve a pending validator applicant
function voteToApproveValidator(address applicant) external;

// Vote to deactivate an existing validator
function voteToDeactivate(address target) external;

Read Functions

// Get all active validators
function getValidators() external view returns (address[] memory);

// Get full info for a validator
function getValidatorInfo(address validator) external view returns (
    string memory name,
    uint256 selfStake,
    uint256 totalStake,
    uint16 commission,
    bool delegationEnabled,
    bool active,
    uint256 lastFeePaid,
    bool requireDelegatorApproval
);

// Get pending reward for any user
function getPendingReward(address user) external view returns (uint256);

// Get delegator info
function getDelegatorInfo(
    address delegator,
    address validator
) external view returns (uint256 stake, uint256 pending);

Reward Sources

The registry contract tracks two reward sources:

Source	Description
Block reward	0.002 BESC forwarded by relayers after each block
Direct reward	Additional rewards forwarded by relayers from other sources

Both are distributed identically — proportionally to stake across all active validators.