There are now several chains, where notional isn’t quite a whale yet, but we ain’t doing bad. We want this opportunity to exist for others, which is actually been the source of the historical tension between notional and the ICF, for example.
We believe in leadership by example, so we’re only going to delegate 1,000 atoms to ourself total.
With the remaining atoms in our validator wallet, and the atoms that we received from proposal 104, we are making delegations to validators who are ranked lower than notional, and make significant contributions to the ecosystem .
We are openly biased.
Because we are openly biased, it should be easy for validators to self-evaluate if they can receive a delegation from notional’s approximately 127,000 atoms that we will not delegate to ourselves.
- Participation here on the forum
- Participation in governance
- Media production
- Use of bare metal servers
- Alignment with Notional’s values of transparency and accountability
Furthermore, we have decided to adopt this policy on every chain where we feel that we hold a significant bag, and have significant community support in the form of delegations from the community.
Going from memory, those chains are:
- Cosmos Hub
Since we are aiming for transparency, this forum post can be used to apply for a delegation from notional.
Currently, the 120,000 atoms in the vesting account from proposal 104 are delegated to:
Our delegations are absolutely an endorsement. If at any time, we feel that a validator is not performing up to our quality standard, for any reason, subject to our sole discretion, we will relegate immediately.
Crypto Crew fills out the other end of the spectrum, in that their team is in fact relatively quiet, but they are a high water mark for technical excellence, in particular when it comes to the cosmos hub. Crypto crew is one of the second batch of relayers for cosmos, and I very strongly endorse their work.
We are going to put particular emphasis on teams that either did not receive a delegation from the ICF, or received a marginal delegation from the ICF, despite technical excellence.
In addition to this, any random community member is more than welcome to come here and let us know who they think that we should delegate to, and why.
Note that any of this policy is subject to our arbitrary choices at any time for any reason and we are the ultimate deciders of who we delegate to, or if we delegate to others at all
We’ve been very successful with this and now have a great community of validators. We haven’t quite worked out making all of the delegations yet, however, and in most cases, the amount of tokens we have isn’t really enough to move the needle for the teams that we support, so, here’s our three phase plan to address this:
- Assemble the crew of validators
- Make a system to divvy up a bag with a single tx between a group of validators
- Make that system support multisigs and have a nice front end.
The goal here is to highlight the participants in our delegations program to the following groups:
- liquid staking protocols
In the manner that is most suited to each group, so that it is easy for other teams to leverage the curation work we are doing at Notional.
So we have been successful and establishing the first stage of the program. I have invited one other excellent validator to apply, and after that we will go into a little bit of a stasis mode, review everybody’s contributions to the cosmos and begin delegations across the set and outreach to whales, chain teams, funds etc.