Slashing penalizes a validator for misbehaving. Slashing removes a percentage of the validator’s stake rather than a fixed amount. Validators with higher stake will, therefore, receive higher penalties. Slashed KSM is added to the treasury to help fund the ecosystem's growth. Nominators who support slashed validators also have their stake proportionally removed.
Chilling removes a validator from the active validator set and removes them from the eligible candidates pool in the next NPoS election cycle. Validators can do this themselves (when they know their services will be offline, for example) to eliminate the risk of slashing. This voluntary chilling keeps themstay active in the current epoch but not in the following. Chilling can also be used as a punishment to disable validators from participating in consensus.
Updated 10 days ago