Emergency Exit

Overview

The emergency exit process allows all candidates to withdraw their stake under exceptional circumstances. It involves governance approval and ensures the integrity of the network through a structured workflow.

1. Emergency Exit Request

• Actor: Candidate Admin
• Process:
  1. Request Initiation:
     • The candidate admin submits a requestEmergencyExit(consensus) call to the Staking contract.
  2. Stake Locking:
     • Staking forwards the emergency request to RoninValidatorSet.
     • RoninValidatorSet deducts the validator’s stake and locks it in its contract.
  3. Poll Creation:
     • RoninValidatorSet submits a request to RoninGovernanceAdmin to create an emergency exit poll.

2. Governance Voting

• Actor: Governors
• Process:
  • Governors vote on the emergency exit poll created by RoninGovernanceAdmin.

Outcomes

1. Poll Approved:
   • Actions:
     • RoninGovernanceAdmin instructs RoninValidatorSet to release the locked funds for the validator.
     • Locked funds are returned to the candidate admin’s treasury.
2. Poll Expired:
   • Actions:
     • Expired polls result in the locked funds being recycled into the StakingVesting contract.

Notice

• Validators who initiate an emergency exit are no longer eligible for block production.
• However, they remain on the candidate list until the epoch ending of the revoking timestamp.