Proposals of #37

Parameter Change Proposal: Increase MaxValidators from 110 -> 120

Exec Legacy Content
passed
Expected result
Turnout / Quorum
45.52% / 20.00%
Voting start 2022.07.20 at 17:07:57
Voting end 2022.07.23 at 17:07:57
92.40%
338 111 900 stars
Yes
3.88%
14 202 715 stars
No
0.00%
1 767 stars
Veto
3.72%
13 595 541 stars
Abstain

Details

Proposer
-
Total deposit
1 000 stars
Submit time
2022.07.20 at 17:07:57
Deposit end time
2022.08.03 at 17:08:57

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

Voter
Answer