TrustlessTeam formally requests to raise the commission rate for our Validator Node at https://tiny.one/trustless-validator
For 2 main reasons:
- Costs associated with operating our Harmony ONE Validator node
- Our node will automatically be set to 5% as of February 2023 (1 Year from our node’s registration),
To make this a smooth transition and to ensure our Validator Node remains competitive/elected until February of next year, we are aiming to do this gradually by changing the rate at the end of each upcoming financial quarter.
This would result in the following rate adjustments:
1% - Present Date
2% - June 30th, 2022 ( End of Q2 )
3% - September 31st, 2022 ( End of Q3 )
4% - December 31st, 2022 ( End of Q4 )
5% - ~February 14th, 2023 ( 1 Year of Node Operation )
Until February next year ( when our Validator is forced to raise it’s rate to 5%), If our node fails to be elected consistently, we will reduce our rate back to 1% to do what we can to ensure that all of our current delegates receive consistent staking rewards.
We’re taking this to a DAO vote which will be linked below as soon it’s live.
If anyone is staking with us please add your feedback below!
If anyone isn’t staking with us, please consider doing so: