Proposals of #92

Set validator minimum commission rate to 5%

Exec Legacy Content
rejected
Expected result
Turnout / Quorum
31.38% / 20.00%
Voting start 2022.07.20 at 17:07:02
Voting end 2022.07.27 at 17:07:02
84.58%
26 965 823 kava
Yes
11.40%
3 633 297 kava
No
0.07%
23 504 kava
Veto
3.95%
1 260 638 kava
Abstain

Details

Proposer
-
Total deposit
1 009 kava
Submit time
2022.07.20 at 17:07:30
Deposit end time
2022.08.03 at 17:08:30

Description

This proposal certificates that Validators and KAVA community agree on setting a minimum commission rate of 5% \n\nTimes have been difficult for validators as token value has gone down and retail and institutional clients have decided to unstake. We think that having a uniform minimum commission can help validators get the right compensation for their work.\n\nOther benefits around having a min. commission rate is that validators will need to compete on value creation for delegators, instead of attracting them due to low or 0% commission rate. Delegators will be able to delegate among various validators and help decentralize the network.\n\nHere are other examples of networks that have set a minimum commission rate for validators: Umee, Desmos, Juno, Osmosis, Chihuahua.\n\nIf the proposal passes, the KAVA blockchain needs to be updated so that the fee of all validators lower than 5% can be changed automatically.\n\nVote Yes if you support this proposal\n\nVote No if you do not support this proposal

Votes

Voter
Answer