Proposal Summary: P2P, a dedicated and established liquid staking validator on Crescent Network, has opted to voluntarily withdraw from the active liquid staking validator set. This decision comes after a thorough evaluation of the current economic sustainability concerning P2P’s operations within Crescent. Despite this departure, the camaraderie and professional respect between P2P and Crescent Network remain undeterred, and future collaborative endeavors are anticipated with eagerness.

Transition Period: A one-month withdrawal period will be instituted for delegators to transition smoothly in light of P2P’s departure from the validator set. This period will ensure that delegators have ample time to reallocate their stakes to other validators within the Crescent Network, maintaining the network’s stability and continued operation.

Voting YES to this proposal means confirming P2P to be erased from Crescent’s LSV

As soon as this proposal pass, P2P will be erased from Crescent’s LSV group automatically. For the confirmation proposal, existing LSVs need to participate in voting.