Effective Date: March 20, 2025

Last Updated: March 20, 2025

By participating as a Validator or Delegator in the Olla network, you agree to comply with the following Terms and Conditions. These terms govern your role, obligations, and the policies associated with staking in the Olla ecosystem.

1. Definitions

🟢 Olla Ecosystem – The blockchain network, protocols, and infrastructure maintained by Olla.

🟢 Validator – A network participant who stakes a minimum of 1M OLLX (100,000 USDC at private sale price) per server to run a validator node and actively participate in transaction validation and consensus.

🟢 Delegator – A network participant who stakes a minimum of 1,000 OLLX (100 USDC at private sale price) by delegating their stake to a Validator for shared rewards.

🟢 Staking Price Adjustment – The staking requirements (in OLLX) may change after the public sale, as the price of OLLX will follow the open market.

🟢 Staking Rewards – The incentives earned by Validators and Delegators for securing the network.

🟢 Slashing – A penalty mechanism applied to Validators who act maliciously or fail to meet uptime requirements.

🟢 Unbonding Period – A period during which funds remain locked before withdrawal is allowed.

🟢 KYC Verification – A mandatory process requiring Validators to verify their identity and comply with anti-money laundering (AML) regulations.

🟢 Validator Reputation Score – A rating system that evaluates Validators based on uptime, governance participation, slashing history, and security compliance.

🟢 Service-Level Agreement (SLA) – A set of operational requirements that Validators must meet to ensure network reliability.

2. Eligibility & Requirements

2.1 Validator Requirements

To become a Validator, you must:

✅ Stake a minimum of 1M OLLX per server (based on 100,000 USDC at private sale price).

✅ After the public sale, the required OLLX amount will be adjusted based on market price to maintain the 100,000 USDC equivalent per validator node.

✅ Complete mandatory KYC verification before being approved as a Validator.

✅ Adhere to the Olla Validator Code of Conduct, ensuring ethical and professional behavior.

✅ Run a dedicated server that meets Olla’s hardware, bandwidth, and security standards.

✅ Maintain 99% uptime and active participation in consensus.

✅ Ensure regular updates and monitoring to prevent downtime or security breaches.

✅ Submit a formal 30-day notice before exiting the network to ensure a smooth transition.

✅ Acknowledge that Olla has full authority to modify Validator requirements as needed to improve network decentralization and security.

✅ Undergo hardware and security compliance certification to meet performance standards.

✅ Agree to Validator performance monitoring and audits by Olla.

✅ Dynamic Staking Requirement Adjustments: Olla reserves the right to adjust minimum staking amounts based on network demand and validator security needs with a 30-day notice period.

✅ Enhanced Compliance Certification for Institutional Validators: Validators managing over 10 million USDC in staked OLLX must pass:

🟢 Advanced AML/KYC verification

🟢 Regulatory compliance audits

🟢 Annual external security assessments

✅ Validator Geographic Decentralization Cap: No single jurisdiction may control more than 33% of total Validators to prevent centralization.

✅ Validator Performance Incentive Multiplier: High-performance Validators (99.9% uptime for 12+ months) qualify for a 1.2x staking reward multiplier.

✅ Validator Public Reputation Dashboard: Olla will provide real-time rankings displaying uptime, governance participation, and Delegator rating scores.

✅ Validator Key Rotation & Security Audits: Validators must rotate cryptographic keys every 12 months to prevent security breaches.

2.2 Delegator Requirements

To become a Delegator, you must:

✅ Stake a minimum of 1,000 OLLX (based on 100 USDC at private sale price).

✅ After the public sale, the required OLLX amount will be adjusted based on market price to maintain the 100 USDC equivalent per delegator.

✅ Acknowledge that staking rewards depend on the Validator’s performance.

✅ Accept that Validator penalties (e.g., slashing) may impact your delegated stake.

✅ Maintain a valid wallet address for receiving rewards.

✅ Delegators will be auto-reallocated if their Validator is slashed, penalized, or suspended for more than 14 days.

✅ Delegator Fund Protection Mechanism: If a Validator is penalized, Delegators may reclaim up to 80% of their staked funds through the Delegator Compensation Protocol (DCP).

✅ Delegator Exit Queue for Large Unstaking Events: Large unstaking requests exceeding 5% of total staked supply will be staggered over 7-14 days to prevent liquidity shocks.

3. Optional Advantage: Solar Storm-Resistant Infrastructure & Off-Grid Validator Operations

📌 Note: These features are completely optional. Validators who implement them will receive added advantages, but off-grid infrastructure is not required to qualify as a Validator.

4. Governance, Slashing & Rewards

🟢 Governance Proposal Staking: Validators/Delegators submitting governance proposals must stake 50,000 OLLX as collateral. If a proposal is rejected, the stake is burned or redirected to the treasury.

🟢 Governance voting power is weighted based on stake diversity to prevent dominance by large Validators.

🟢 Dynamic Slashing Penalty Scaling:

🟢 First-time minor offenses → Reduced rewards for 7 days.

🟢 Medium violations → 5-10% stake slashing.

🟢 Severe misconduct (double-signing, collusion, security breaches) → 100% slashing and permanent removal.

🟢 Automatic Validator Rotation for Over-Concentrated Stake: If a single Validator accumulates more than 10% of total stake, the excess will be redistributed to other Validators.

🟢 Validator Delegation Fee Transparency: Validators must publicly disclose any delegation fee changes with a 30-day notice period.

🟢 Fair Delegation Reward Redistribution: Validators must distribute rewards proportionally based on stake size—failure to do so will result in Validator suspension.

5. Decentralized Emergency Governance Mode (DEGM)

🟢 If a governance crisis occurs, pre-selected high-reputation Validators will temporarily assume governance duties.

🟢 AI-powered failover mechanisms will maintain consensus.

🟢 All emergency decisions are subject to post-crisis review and potential reversal.

6. Data Privacy & Security

🟢 Validators and Delegators must comply with KYC and AML regulations to ensure network compliance.

🟢 All KYC data will be encrypted and stored securely, accessible only by authorized compliance officers.

7. Force Majeure & Emergency Protocols

🟢 Olla may temporarily suspend staking, withdrawals, or governance votes in the event of:

🟢 Blockchain network attacks (51% attack, Sybil attacks).

🟢 Natural disasters or extreme conditions.

🟢 Geopolitical conflicts affecting Validator operations.

8. Amendments & Contact Info

📩 [email protected]

🌍 www.olla.exchange