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Copy file name to clipboardExpand all lines: docs/testnet/for-validators/rewards.md
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## Program Overview
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TEN is an encrypted Layer 2 network built on Ethereum, designed by the team behind Corda. TEN offers a highly scalable and private environment for Web3 applications,including Ai, tokenizing real-world assets (RWA), enabling decentralized financial solutions (DeFi) and on-chain games.
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TEN is an encrypted Layer 2 network built on Ethereum, designed by the team behind Corda. TEN offers a highly scalable and private environment for Web3 applications,including AI, tokenizing real-world assets (RWA), enabling decentralized financial solutions (DeFi) and on-chain games.
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### Objective
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### Rewards Overview
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1.**Staking Requirements**: To participate as a node operator in the testnet requires no initial stake, (however a minimum of **50,000 TEN tokens** must be staked will be required on Mainnet. This ensures a commitment to maintaining network performance.)
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1.**Staking Requirements**: Node operators do not need an initial stake to participate in the testnet (however, a minimum of 50,000 TEN tokenswill be required for staking on Mainnet).
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2.**ETH-Based Compensation**: Node operators receive rewards paid in **ETH** to help cover hosting costs and encourage active participation.
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3.**Delegated Staking Model**: Community members can delegate their TEN tokens to node operators, broadening community involvement and fostering a more decentralized ecosystem.
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### Participation-Based Rewards
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Node operators who meet minimum participation requirements but do not rank in the top 20% will still receive a token reward. These rewards aim to foster inclusivity and recognize the contributions of all node operators.
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## Infrastructure Stipend
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In addition to staking rewards, a **TBD infrastructure stipend** will be provided to support the infrastructure and operational costs of running a node. Details on this stipend will be communicated at a later date.
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Node operators who meet minimum participation requirements but do not rank in the top 20% will still receive a reward. These rewards aim to foster inclusivity and recognize the contributions of all node operators.
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### Eligibility
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-**Application Deadline**: Node operators must apply by **March 1, 2024**.
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-**Application**: Node operators can apply via the [Validator Application Form](https://cform.coinlist.co/forms/56274a78-8291-4899-bee1-a68ecbc5b2b8).
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-**Selection**: Applications are prioritized based on node management experience and community commitment, with selected participants notified by email.
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