Hi, guys!
Give us your feedback about an enhancement: add to tendermint a function to redelegate all staked tokens from your validator to any of the last 10 in the active set. This is necessary in case of termination of activity. We have such validators in many networks “redelegate, pls!”. For example in cosmos hub:
- Mintscan
- Mintscan
- Mintscan
- Mintscan
Any validator would not want to punish its inattentive stakers, and users who spend time on family and agriculture would not lose their pennies and would tell how much care they are treated in our ecosystem!
About me: I’m a president of finteh.org association (Aleksandr Kwaskoff) and a lector at the validator school (GitHub - Distributed-Validators-Synctems/Validator-School)
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Great idea. Very useful for delegators.
To clarify, you want to have this feature to be executed from a validator’s point of view, or from a delegator’s one?
For a delegator, they can already do it themselves.
For a validator, basically the idea is that the validator does not control delegators’ funds in any ways, as in, they can’t run away with them and stuff. And giving a validator to redelegate the stakers’ funds to a random validator won’t do any good, as this removes the control the delegator has over their tokens and who they stake them with. Let’s say these tokens of one of the delegators are automatically redelegated to a validator this delegator does not like, won’t be cool, right?
There are too many caveats with this approach, but mainly, it would remove the “delegator owns their tokens and validator cannot influence them in any way” contract, which isn’t nice, so I would totally vote against this if that’d be subject to governance. At best, I can understand adding the way to trigger the unbond of all delegators’ tokens if a validator decided to gracefully shutdown, but that also doesn’t seem like a nice idea.
Redelegation should be done by delegators or by the automating the hub to monitor terminated validators to send images to delegators with other choices validators, so that by click of a button, redelegation can be effected.
All the hub will need at be delegators yes,/No and the process of redelegation is done.
hope this adds to the conversation.
Plse do not trigger mass sell offs by disappointed delegators
wjld
Except that validators have little idea who their delegators are or how to reach them. It’s not like Web2 where people use an email address. Validators posting on socials is really all that can be done.