A poll of proposals to enfranchise validator network expansion and limit the possibility of 33 percent attack against any one shard.
Currently we have two proposals aimed at expanding the validator pool.
This proposal was written with the intention of informing the delegators about validator bidding practices as a way of promoting a more efficient use of keys.
This proposal was written with the intention of reducing the size of larger validators by limiting the number of keys.
Within this proposal came about several suggested alternatives.
*Max keys per node
*Max delegation per wallet
*Max keys per node and max nodes per validator with shard balancing
*Rewards rate slashing for the lower bound affecting validators with more than 5 keys
There was an additional idea presented today; like HIP 11 it provides information to delegators and allows them to decide. It provides a cutoff line and a warning to delegators that delegating to validators above this line could result in a possible network takeover. We will identify this as 33 percent line.
There is huge demand for change at the protocol level. Most will agree that while the protocol allows it, whether profitable or not, validators will consume additional keys. The only difference of opinion is on what is the best possible solution to this issue at the protocol level.
I would like to gain feedback and a general consensus on what the majority of validators believe will net positive change while causing the least harm to validators and delegators.
The end state is to write a formal HIP proposal that has buy in from the validator community.
Debating the merits of each approach is highly encouraged. However, at the end of the day please choose an option on the poll so that we may move forward on creating a proposal that has enough support to pass a governance vote.
- Key bid efficiency meter
- Max delegation
- Max keys per node
- Max delegation per wallet
- Max keys per node and max nodes per validator with shard balancing
- Rewards rate slashing for the lower bound affecting validators with more than 5 keys
- 33 percent line warning