you voted to take on the cost.
LSM validator bonding centralizes delegations to the top by allowing validators to buy LSD delegations at 250:1. the CEOs of the ICF have always been CEOs of a top validator. validators control the CP and use it as a slush fund.
minimum commission seems like a silly place to catalyze “decentralization”
Another way to decentralize stake is to have wallet providers display the validators with the lowest total stake first and the largest validators at the bottom of the list. The Polygon MATIC dashboard does a good job at this.
Why was this proposal a text proposal and not a parameter change proposal? It seems to me that we’ve had the ability to set the minimum commission parameter for nearly two years now (feat: Min commission upgrade by tac0turtle · Pull Request #10529 · cosmos/cosmos-sdk · GitHub). Let’s execute the intent of proposal 826 since it passed.
feat: Min commission upgrade by tac0turtle · Pull Request #10529 · cosmos/cosmos-sdk · GitHub
guess that’s why, the Hub is still at 0.45
I didn’t dig through the comments. Thanks.
Hello everyone, I have a question, the proposal has been approved.
When will the minimum commission for validators be adjusted to a minimum of 5%?
Thanks for the question.
It will be adjusted in a future release of the network.
For more details on adding the minimum commission to Gaia, see my post here.