Parameter Change Proposal: Increase MaxValidators from 110 -> 120
Details
Description
This param-change proposal is following up on the previous text proposal (#36) to implement the agreed upon parameter changes.
Currently, the validator set for Stargaze has 110 seats. The passing of this proposal will raise it to 120.
Voting Yes = max validator parameter value changes from 110 to 120. Voting No = max validator parameter value remains at 110.
Additional Detail:
With the Stargaze V6 upgrade successfully and smoothly implemented, we feel the time is right to make another increase to the max validator #. This will help further decentralize the vote power and will lower the barrier of entry for new validators to join the active set.
At the time of writing this, the current minimum investment for a validator to join the active set is around $35,000 USD. After this proposal, it will immediately drop to around $1,000 USD. It is likely to then again increase from there as the new slots are pursued.
Votes