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How It Works
Tortuga Finance receives delegations and routes them to validators who are signed up to the protocol.
Currently, validator registration is a permissioned process but will transition to a permissionless process over time. When a validator registers, they specify the commission rate they will keep on staking rewards generated on user delegations via the protocol.
The primary mechanic for routing delegation relies on a validator score.
A primary input towards your score is time-weighted average effective reward rate or
twar. This accounts for a validator's on-chain performance degradations and commission rate.
twaris an input to a rapidly decreasing function called
cliff, which then calculates your score:
score = cliff(validator_twar)
As a new validator, your score starts at zero and increases over time. Your target delegation is directly proportional to your score.