Currently the delegation rate is set between 0 and 100 as a percentage of rewards that the validator keeps as a fee for running their validating node.
The validator community has expressed interest in setting a possible minimum rate higher than 0 to provide incentive for a host to not run on low quality machines and connections. The hope is that this would incentivize investment in hardware and prevent delegators from faulting a validator for overcharging that selects the minimum.
This should be chainspec.toml setting and would generate an error from the add_bin call if a lower value is sent.
To minimize scope and effort of the change, no effort should be done to change any existing validator’s rates. So this would only enforce on new add_bid calls.
to make it more attractive my proposal CA not to stake to top 20 validators
to keep it decentralised commission rate be 3-2 rate delegation limitt to 1200.
for the rest 5 commision seems reasonable
I think 5% should be a minimum and any node lower than that should be ejected…This is what many well known POS chain like Sui and others (like many sub chains of ATOM and Polkadot) implemented…
Others have implemented a min rate and and max rate fee mecanism… (min=5, max =10)
Fees like 20% and more are IMO hiding fishy nodes that profits from the high inflation rate 8% to fill pockets…with easy money…
I have mixed feelings about this proposal. It has good points, but forcing/restricting free market/will of delegators & validators doesn’t seem right.
I support the minimum 5%. I also propose a sort of limiting behaviour on how often we can change the rate and how high we can change at a time to ensure safety of delegators.
For example: Every 24 hour I can increase my rate by 5%
I don’t think upper caps make sense. There are reasons for 100% nodes. Let’s stop the progression of the nanny state, please.
Minimums are nearly as bad, but I can see that as a policing function to prevent people from monopolizing the validator pool by undercutting. At 5% its tolerable.
I will say that this is a much lower priority fix than other more functional improvements.
It has, it permit only to onboard solid and performant nodes…
Those putting 0% are not doing it forever, bit aim to attract bigger weight then put a higher rate …We have all done this…but this is a silly game…Let put a min rate fee for all
Let s be honest, the price is really bad and many of us, event top 20 are in loss…and this 0 or low fee race is only killing the network and inviting bad and non responsible nodes to the network… It s to ensure the ops get enough money to maintain good servers and thus stay…otherwise many will exit the project…
We simple nodes ops, have not the infra of Everstake, Make or other big nodes, nor their financial means…so we should be helped to stay …
We’ve mentioned this before (during the Casper Meetup in Istanbul last year, among other times), but we support a minimum commission rate (5% strikes a good balance).
This forces validators to compete based on other aspects rather than just price, forcing the majority of validators to earn money. The current situation leads to a race to the bottom (where validators never earn = bad), and it’s creating situations where validators start out with 0% commission. Once enough delegated stake has been amassed, the commission rate is changed (usually quietly). The majority of delegators will not notice this.
you have mixed feeling because you are doing good money from your node…
That’s very good for you…but think of the other 80% ops who are in loss and are starting to ask themselves the question of staying or not…
let’s not beat around the bush…most of us are in dizzying losses (-70% since May)…
This is simply a measure to stem the erosion of income from small nodes. Otherwise, they will end up no longer maintaining their nodes and even leave…
I don’t know why only in this project do we spend centuries talking bullshit and without doing anything concrete to allow the survival of this project which is in great danger…
validators are essential for the survival of this network and we must show them a little recognition and not play personal…
My mixed feelings are about exactly what I said on my post. Nothing less, nothing more. Let’s not try to read each other’s minds and intentions, and stay on the topic and the content. Thank you!
Can we know if this subject can move forward or not…I don’t know how the proposals will be managed here and how they will be voted on and moved forward quickly…how will they be voted on…
but I feel that we are going to fall back into the old way of doing things in this project…that is to say talking and doing nothing…
What is your schedule, deadlines etc etc…?
Where and when can we vote on this subject?