Proposal Details

Proposal #18

Passed

Proposal title

Increase Minimum Validator Fee to 5%

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

88.13%

Proposal #18 description

Intro

This proposal, if passed, will increase the minimum validator commission from 0% to 5%. This proposal will not execute the change immediately, the commission change would take affect during the next chain upgrade.

Reasoning

Very low commission rates are typically not profitable for validators and are only used to gain delegations from stakeholders. Once these delegations are gained there is nothing to stop the validator from increasing their commission rate. Most stakeholders do not typically undelegate once they have delegated to a validator and for this reason I believe the validator gains an unfair advantage over other validators who do not have a sizable delegator set. This creates a risk for validators with small delegations to be potentially running at a loss, is unhealthy and does not encourage decentralization.

Forum

Proposal was discussed in the forum https://forum.persistence.one/t/governance-discussion-proposal-16-feedback-and-action-points/175

Proposal #18 overview

Total votes

1,041

Voters

1,034

Total deposit

516 XPRT

Proposal #18 votes

#	Validator	Options
1	Stakewolle.com \| Auto-compound	Yes
2	Coinage x DAIC	Yes
3	Blockdaemon	Yes
4	👽 Deep Fields	Abstain
5	IRISnet	Yes
6	Klub Staking - SHUTTING DOWN - Redelegate to Meria	Yes
7	Smart Stake 📈📊	Yes
8	Vault Staking	Yes
9	Chainnodes	Yes
10	Everstake - DO NOT STAKE	Yes
11	Chorus One	Yes
12	Stakeme.io	Yes
13	coinhall.org 📈🔄	Abstain
14	BlueStake 🚀 \| 100% insurance	Yes
15	Zenscape	Yes
16	Multiplex	Yes
17	AlxVoy ⚡ ANODE.TEAM	Yes
18	MaxFoton nodes	Yes
19	Swiss Staking	Abstain
20	shutting down, please redelegate	Yes
21	NoNameStaking	Yes
22	DSRV	Yes
23	Citadel.one	Abstain
24	Provalidator	Yes
25	Simply Staking	Yes
26	[Sunsetting on July 17 - please redelegate]	Yes
27	JECO	Yes
28	Active Nodes	Yes
29	Cosmonaut Stakes 🤖	Yes
30	✅ CryptoCrew Validators #IBCgang	Yes
31	POSTHUMAN 🧬 StakeDrop	Yes
32	RockX	Yes
33	Stakely.io	Yes
34	HashKey Cloud	Yes
35	Cosmic Validator	Yes
36	Please undelegate	Yes
37	Kiln	Yes
38	HighStakes.ch \| Daily Airdrops	Abstain
39	StakeHub	Yes
40	Kleomedes	Yes
41	STC Capital	Yes
42	Nansen	Yes
43	ALTER \| pathrock	Yes
44	POSITIVA Ultra	Yes
45	Enigma	Abstain
46	finteh	No
47	COSMØSTAKE	Yes
48	KalpaTech	Yes
49	AutoStake 🛡️ Slash Protected	Yes
50	Cosmostation	Yes
51	Baryon	Yes
52	Imperator.co	Yes
53	Architect Nodes	Yes
54	Stakin	Yes
55	Stakecito	Yes
56	LoulouCrypto	Yes
57	StakeLab.zone	Yes
58	polkachu.com	Yes
59	Nodes.Guru	Yes
60	StakePool	Yes
61	👽Stigga👽 Restake Enabled ⚡️	Yes
62	Autonomy ( Formerly PrithviDevs )	Yes
63	QuantNode	Yes

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