Minimum Validator Fee

[Maffaz]

Vote for HIP1

https://gov.harmony.one/#/staking-mainnet/proposal/QmYbBQuDSZbMVa6RBi3kzFiNkXxv8PMp9rrT25drkxQnTb

Talk:

HIP-1: Setting 5% minimum fee on network level

Summary: This proposal is to introduce a base 5% fee for all validators on the network level. Background: The validators in Harmony have always been competitive with their fee settings, resulting in numerous 0% fee campaigns that lasted for months. This has deterred other validators from actually setting a proper fee to pay for their expenses and get a little bit of profit out of it too. It has basically led to the race to the bottom, where every validator has had a low fee set so it didn’t los…