Proposals of #17

Modification to Downtime Slashing

Exec Legacy Content
passed
Expected result
Turnout / Quorum
15.26% / 33.40%
Voting start 2020.08.08 at 16:08:18
Voting end 2020.08.15 at 16:08:18
85.79%
18 860 337 SCRT
Yes
0%
0 SCRT
No
0%
0 SCRT
Veto
14.21%
3 124 907 SCRT
Abstain

Details

logo
Proposer
-
Total deposit
1 011 SCRT
Submit time
2020.08.08 at 03:08:21
Deposit end time
2020.08.15 at 03:08:21

Description

This proposal is to change the current 1% slashing fee for downtime to 0.01%.

This is being proposed in an attempt to mitigate the impact of downtime slashing on smaller validators, delegators, and node runners, in general, to further encourage the decentralization of stake.

This change is being made based on conversations on https://chat.scrt.network, multiple governance working group calls, and most recently on the Secret Network forums here https://forum.scrt.network/t/proposal-slashing-rate-reduction-for-downtime/1940?u=moonstash

Votes

Voter
Answer