Modification to Downtime Slashing
passed
Expected result
—
Turnout / Quorum
15.26% / 33.40%
85.79%
18 860 337 SCRT
Yes
0%
0 SCRT
No
0%
0 SCRT
Veto
14.21%
3 124 907 SCRT
Abstain
Details
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