Poll: Increasing the number of validators to 61

Centrifuge Governance Proposals
14

Good day Turk Validator

I will just rechecked the info that you provided in the first message and found a lot of things that do not match the reality:

  1. We have 4 validators not oversubscribed and not 2 as you mentioned in the first message:
    overnot
    overnot1264×1016 64.8 KB

BIG TIME - not oversubscribed
STAKETHAT - not oversubscribed
BINARY HOLDINGS - not oversubscribed
4dJ7Nt…WpdDGu - not oversubscribed

overnot2
overnot21242×802 54.3 KB

  1. I found also 20+ validators with active staked amount around 0.04-0.4 CFG
    Centrifuge Validator 0 - oversubscribed 5.3977 CFG (54)
    MOONLI.ME - oversubscribed 0.1121 CFG (13)
    PURESTAKE-02 - oversubscribed 0.3214 CFG (35)
    STAKING4ALL - oversubscribed 0.0297 CFG (6)
    STAKECRAFT - oversubscribed 0.0023 CFG (2)
    JUNO - oversubscribed 0.0428 CFG (2)
    WANDERER STAKING - 0.5949 CFG (19)
    4dLDCB…j5tJmt - oversubscribed 1.7899 CFG (52)
    SUPER VALIDATOR - oversubscribed 0.0560 CFG (5)
    ONCHAINMONEY.COM - oversubscribed 0.3702 CFG (10)
    PACE - oversubscribed 0.0432 CFG (2)
    LOGDOG - oversubscribed 75.1328 CFG (28)
    CYBERBRAIN-2 - oversubscribed 0.0014 CFG (1)
    COVERLET - oversubscribed 0.0523 CFG (5)
    AG/0 - oversubscribed 71.9196 CFG (37)
    MAKING.CASH - oversubscribed 0.0618 CFG (7)
    POLKADOTTERS - oversubscribed 0.0171 CFG (2)
    STAKEONE - oversubscribed 0.5224 CFG (13)
    DEEPVISION - oversubscribed 0.0084 CFG (2)
    4c86fa…32jJE2 - oversubscribed 0.0001 CFG (3)
    ONCHAINMONEY.COM - oversubscribed 9.7509 CFG (15)

Most of them have more than 20-50 users who staking now 0.4-2CFG.
You can check this info by yourself here: https://portal.chain.centrifuge.io/#/staking

Analyzing this information and looking very huge amount of validators (not oversubscribed) + validators who have a very small staked amount personally I found your proposal to increase the number of validators +6 useless.
Additional increases of the set of validators will not only decrease the average staked amount but will also decrease the rewards of validators.
We also should not forget about the transition from Validators to Collators in the next couple of months, so this is an additional reason why your proposal is not only useless but will also damage validators earnings.

Summary: I will vote NAY on the basis of the information writing in above.

1 Like