StakeWars III DNP Delegation discussion

Do you afraid to lost your 300K advisors NDC salary?

I believe we should follow the Community Etiquette principles when discussing any issues. Personal attacks on people hinder the achievement of the goals of the discussion rather than help. Thank you.

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@pathfinder I failed to reply. Here are the two actions taken based on the communities feedback on Dec 7th:

  1. Communicated with StakeWars III workgroup regarding this issue and the review of the tokenomics for Chunk Only Producers and the review of the threshold for delegation set at 5%.

  2. Reached out to the MainNet validators to circle the idea of starting a Validator Working Group to tack three open items:

– Chunk Only validators rewards / tokenomics
– The V2 staking pool deployment, adoption, and benefits for Chunk Only Producers
– NEAR Wallet Ownership / Progression

@denysk stepped up to the challenge and created a working group for validators. @garikbesson @DDeAlmeida @cloudmex-alan and many other validators are starting the discussion. It will take some time for the group to gain traction. Having the working group(WG) started is a major win for validators! @denysk has long been a Champion for the Validator community, and it’s stellar that he is there as he will help move things forward.

One Decision is that it is recommended for validators to continue to run the V1 pool since that is the pool most Liquid Staking providers are integrated with.

In tandem, the NEAR Foundation and Pagoda are reviewing the feedback from this post.

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Hi Blaze!

Thank you for your impact for this question.
And I just want to understand, how do you see this issue could be resolved from action points that you mentioned before?

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The StakeWars program has always been about competition. This was true for the first validators that launched MainNet from StakeWars II. The delegation from the NEAR Foundation never came with the promise or commitment to hold a seat or to be profitable. Every validator needed to find their audience in the ecosystem and work to have good uptime while attracting new delegations. Many were not profitable for some time.

It has never been the intent for the StakeWars program to be a subsidy, make validators profitable, or keep them online, but to only provide an opportunity.

This still holds today. The delegation that StakeWars III participants will receive from the Liquid Staking providers is enough to join MainNet and run and has no bearing on token price or profitability as that is not part of the program. With this in mind, It is up to each potential validator to assess if it makes sense for them to join the network.

So Why the Validator Working Group, and what is the impact?

The NEAR Ecosystem is in the process of continuing to decentralize and transition governance to the community. As many may be aware, I am helping to Champion the NDC initiative, which is to establish a community-governed treasury to develop, grow, and sustain the ecosystem. As part of this and other initiatives, working groups are starting to form, and a Validator working group has long been overdue. The validator community is strong on NEAR and full of bright and talented individuals that have done more than validate. So what can they directly achieve?

  1. Review and propose potential protocol staking reward distribution improvements
  2. Work with wallets teams to create different ways to present validators with lower stake first
  3. Create awareness and outreach around having top-tier validators to delegate to liquid staking providers.
  4. Collaborate on new staking contract standards and integrations with wallets

These will not occur overnight; however, the conversations started.

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Hi @blaze . Where are discussions of this Working Group being conducted. Telegram ? Discord ?
What channels ?
I think that many new validators (as is my case) would like to participate.
Certainly more voices will improve the results for all.
Best regards,
Mario

Hello @mariozito here is the link for the Telegram group: Telegram: Join Group Chat

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Thanks very much.
Hope we can work together some points that are critical for new onboarding chunk producers and the good and sustainable health of NEAR network.
Best regards all.
¡¡¡ Feliz Navidad para todos y todas !!! :tada: :christmas_tree: :heart:
Mario

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Hello, recently my node was delegated from Meta Pool and I have some comments:

As people are discussing in this thread, rewards are not enough to maintain a node in a VPS with all the resources involved and, given the market conditions, we need more than 400,000 N staked by users and other delegators to be profitable, according to an analysis made by @mariozito .

Being a chunk-only producer gives us a disadvantage in attracting new stakers, first of all due to the high fee that we need to set to gain some income, and secondly due to an average of 12 chunks received every epoch. With just losing one chunk in the epoch, I lost the Meta Pool delegation, and losing a second one would kick my node out.

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My conclusion:

*NF needs to find a way to prioritize staking and more chunks by epoch in small pools.

*We cannot maintain a node that loses money every month, and if we made our node profitable by reaching more than 400,000 N we will become a block producer.

As we have never received a rule in Stake Wars regarding the node fee, I propose a 60% decreasing fee that will help us to maintain our node with a good uptime. According to the market conditions and staking in the node, we can decrease our fee until it is equal to or less than 10%.

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I fully agree, i m a winner of stake wars
I think the foundation has the resources to delegate more

Most of the winners will receive average of 30k near…
I m sure most of them would not attract new delegators, as new comers would go to already established nodes…

So be sure, most of the winners in stake wars will stop over time…due to loss of profitability…yes it s a business…
And foundation should have taken this into acvount…

I think they can multiply dnp allocation to reflect the market…

At least x10 is needed to make running a node sustainable…

And foundation should be fair and transparent and not only delegatting to their friends…

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I think too that NF has resources.

But apparently, validators (except those who got millions under 100% fee) are not the part of the community that NF sees the point in taking care of.

So you are on your own.

But you can join the Working Group and try to make your voice heard.

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Hello, sorry if this doesn’t belong here but I promise this is the last time. :slight_smile: I “won” 110 UNP and 40 DNP, I passed KYC in October - and haven’t received anything yet. I don’t plan to run validator, but I hoped to get something for the hosting I paid and time spent… I seriously don’t know where to ask (not on twitter, discord, telegram). zilinear2 shardnet, stiavnik.near Good luck everyone. (I could also list things I didn’t like during the wars but not sure if anyone cares)

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Hi, let me check. I will reply in few minutes

Edit: Indeed, your payout was marked as Done but the TX don’t show your payout…
We will do it ASAP.
I will ping you when done.

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Hello David, thank you but after one week no transaction received… if something’s wrong I’d like to know so I can at least close this topic mentally, no problem. :slight_smile:

Hi, i just ping again NF to make the payout :slight_smile:
Will edit my answer when it’s done :wink:

You got the rewards :wink:
Sorry for the delay and thank you for your participation in StakeWars

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Yay! :slight_smile: Thank you very much, I didn’t know where to ask or wasn’t sure if I did something wrong… thanks again and sorry for derailing the topic a bit.

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