Harmony has committed to staking 200M ONE and allowing the community to decide how to utilize the rewards earned. The discussion on the disposition of the earned rewards will be a seperate thread. The target validators to receive this bootstrap will be a mixture of unelected and smaller sized validators who are at risk of un-election.
I will be the Harmony team member who spearheads this initiative. I am looking for feedback on how this should be accomplished and look forward to inputs from the community. The details we should nail down are the following but not exclusive:
- Number of un-elected and danger-close validators to bootstrap
- Amount staked with un-elected vs amount staked with danger-close validators
- Period of time the stake remains in validator until it is pulled in order to bootstrap new one
- Fee details/limits
- Reasons to lose stake
- Key management criteria
Here is the link to the old bootstrap program the VDAO had proposed; feel free to use it as a reference/starting point. This initiative is time sensitive and I want to move out on it ASAP so let’s work together to come to consensus. I will check back on this post in 24 hours to see where we are at, and will be available any time for any questions.
Thank you all for your motivation and remaining dedicated to securing the network. We see you and understand without you there is no us.
LET’S GO!
Tim