Run a Data Reporter

Operate a Data Reporter!

Prerequisites

  • An account for creating a reporter that has either created or delegated to a validator.

  • Go ≥ 1.22 : Use the default install instructions here if not already installed.

Build the Reporter Binary

1) Configure a Reporter on Tellor

Use the cli register and initialize your reporter configuration. Commission-rate and min-tokens-required are shown at safe values, but can be adjusted (now or later) for personal preference: 

# create-reporter [commission-rate] [min-tokens-required] [moniker] [flags]
./layerd tx reporter create-reporter 0.05 1000000 REPORTER_MONIKER --from YOUR_ACCOUNT_NAME --chain-id tellor-1 --fees 10loya --yes

Parameters:

  • A commision-rate of 0.05 means that you get 5% of rewards from your selectors.

  • A min-tokens-required value of 1000000 prevents spam by requiring that selectors have at least 1 TRB in their wallet. This can be changed later.

  • Choose a REPORTER_MONIKER that you love! (It does not need to be the same as your validator moniker.)

  • Your moniker can be anything you like. (REPORTER_MONIKER) in the example command:

2) Check if your reporter was created successfully:

./layerd query reporter reporters | grep -A 7 YOUR_TELLOR_ADDRESS

If your reporter was created successfully, this will output your reporter information.

3) Download the latest reporterd binary:

mkdir -p ~/layer/binaries/reporter && cd ~/layer/binaries/reporter && wget https://github.com/tellor-io/layer/releases/download/reporterd%2Fv0.0.5/reporterd_Linux_x86_64.tar.gz && tar -xvzf reporterd_Linux_x86_64.tar.gz

4) Start the reporter:

./reporterd --chain-id tellor-1 --grpc-addr 0.0.0.0:9090 --from ACCOUNT_NAME --home ~/.layer --keyring-backend test --node tcp://0.0.0.0:26657

The logs should soon begin showing information about your cycle list reports!

You can set up a grafana dashboard using this_guide to monitor things in Layer such as average gas price for submitting a report, block times, total bonded tokens, etc.

Congratulations on becoming a Tellor Reporter! 🎉

# example of Healthy logs at time of writing
...
3:13PM INF ReporterDaemon current query id in cycle list=5c13cd9c97dbb98f2429c101a2a8150e6c7a0ddaff6124ee176a3a411067ded0 module=reporter-client
3:13PM INF NewReport module=reporter-client reporter=tellor1xyxd7x9yjfh0ad6mg3wfyczwmandzj7qlgl3ug
3:13PM INF NewReport module=reporter-client reporter_power=6
3:13PM INF NewReport module=reporter-client query_type=SpotPrice
3:13PM INF NewReport module=reporter-client query_id=5c13cd9c97dbb98f2429c101a2a8150e6c7a0ddaff6124ee176a3a411067ded0
3:13PM INF NewReport module=reporter-client value=000000000000000000000000000000000000000000000001ac9d8fdd3ff08000
3:13PM INF NewReport cyclelist=true module=reporter-client
3:13PM INF NewReport aggregate_method=weighted-median module=reporter-client
3:13PM INF NewReport module=reporter-client query_data=00000000000000000000000000000000000000000000000000000000000000400000000000000000000000000000000000000000000000000000000000000080000000000000000000000000000000000000000000000000000000000000000953706f745072696365000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000c0000000000000000000000000000000000000000000000000000000000000004000000000000000000000000000000000000000000000000000000000000000800000000000000000000000000000000000000000000000000000000000000003747262000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000037573640000000000000000000000000000000000000000000000000000000000
3:13PM INF NewReport module=reporter-client timestamp=1746198787384
3:13PM INF NewReport meta_id=1102753 module=reporter-client
3:13PM INF NewReport module=reporter-client msg_index=0
3:13PM INF transaction hash: 89BA489BC6DB0D022456733F500A4AFECE27F03BFDBF7FE2A7EA56117C4B884E module=reporter-client
3:13PM INF response after submit message: 0 module=reporter-client
3:13PM INF Tx in Channel: 0 module=reporter-client
...
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