Managing Operator Settings

Prerequisites

• Initiad CLI

Updating Operator Address

The operator is the account you specify during VIP whitelisting that will receive your rollup’s operator commission rewards. To learn more about the VIP operator rewards, see this section.

To replace the operator address, call update_operator on the VIP contract and pass two arguments in order: the rollup bridge ID and the new operator address. The bridge ID uniquely identifies your rollup bridge and can be retrieved from ${REST_URL}/opinit/opchild/v1/bridge_info.

Mainnet (interwoven-1)

export BRIDGE_ID=29                                                      # Replace with your rollup bridge ID. You can get it from ${REST_URL}/opinit/opchild/v1/bridge_info
export NEW_OPERATOR_ADDRESS=init14zmga05vl324ddaw7wqwdqt9pcvjeeyae3jn2k  # Replace with the new operator address
export OPERATOR_KEY_NAME=operator                                        # Replace with your operator key. Check initiad keys list for the list of your keys
export VIP_CONTRACT=‘init182yxkv4gqfvz7tjyde6dfgjdr4ldqxklgmf23aju2u3cslnss7ys6dy6w8’
export RPC_URL=‘https://rpc.initia.xyz’
export CHAIN_ID=‘interwoven-1’initiad tx move execute-json VIPCONTRACTvipupdateoperator −−args′["′VIP_CONTRACT vip update_operator \         --args '["'VIPC​ONTRACTvipupdateo​perator −−args′["′’”, “‘NEWOPERATORADDRESS′"]′ −−from{NEW_OPERATOR_ADDRESS}'"]' \         --from NEWO​PERATORA​DDRESS′"]′ −−fromOPERATOR_KEY_NAME 
—node RPCURL −−chain−idRPC_URL \         --chain-id RPCU​RL −−chain−idCHAIN_ID 
—gas-prices 0.015uinit 
—gas auto

Updating Operator Commission

Operator commissions can be adjusted based on the operator_commission_max_rate and operator_commission_max_change_rate settings established during VIP whitelisting.

Note that the commission value can be modified only once per stage, and any updated rate will take effect starting from the next stage. To update the operator commission, call update_operator_commission on the VIP contract. This function takes three arguments:

1. the rollup bridge ID
2. the version number
3. the new commission rate

Use version value 1 when the rollup is listed for the first time. If the rollup is delisted and later relisted, set the version to the previous value plus 1.

Mainnet (interwoven-1)

export BRIDGE_ID=29                         # Replace with your actual bridge ID. You can get it from ${REST_URL}/opinit/opchild/v1/bridge_info
export VERSION=1                            # Use 1 unless your rollup has been delisted before
export NEW_COMMISSION_RATE=0.05             # Replace with the new commission rate (e.g., 0.05 for 5%)
export OPERATOR_KEY_NAME=operator           # Replace with your operator key name. Check initiad keys list for the list of your keys
export VIP_CONTRACT=‘init182yxkv4gqfvz7tjyde6dfgjdr4ldqxklgmf23aju2u3cslnss7ys6dy6w8’
export RPC_URL=‘https://rpc.initia.xyz’
export CHAIN_ID=‘interwoven-1’initiad tx move execute-json VIPCONTRACTvipupdateoperatorcommission −−args′["′VIP_CONTRACT vip update_operator_commission \         --args '["'VIPC​ONTRACTvipupdateo​peratorc​ommission −−args′["′’”, ”'VERSION′","′{VERSION}'", "'VERSION′","′'”]’ 
—from OPERATORKEYNAME −−nodeOPERATOR_KEY_NAME \         --node OPERATORK​EYN​AME −−nodeRPC_URL 
—chain-id $CHAIN_ID 
—gas-prices 0.015uinit 
—gas auto