Summary: This proposal is to add an auto-delegate feature for staking rewards.
Background: Currently, the protocol does not include an auto-delegate feature for staking rewards, and delegators must manually delegate any rewards claimed. Manual delegation of staking rewards adds an extra layer of time and complexity to the staking process, thus acting as a barrier to achieving higher levels of staking participation. Furthermore, auto-delegation of staking rewards is one of the most commonly requested features of the community.
Motivation: To increase staking participation by streamlining the delegation process while responding to community feedback. Increased staking participation results in a more decentralized and secure network benefiting all stakeholders. Streamlining the delegation process, particularly re-delegations, improves staking efficiency and reduces barriers to staking.
Specification: Adding an auto-delegation feature that automatically delegates any staking rewards earned by a delegator to the validator(s) with which they’re delegated. This feature can be toggled on/off by the delegator.
Suggested Voting Option: Agree or Disagree to add an auto-delegate feature for staking rewards.