Proposal #817
Passed on 24 Aug 2023 with 98.8% of the votes for yes.
Yes
98.8%
99.5% without abstain
Veto
0.4%
of votes cast
Ended
24 Aug 2023
98.83%
of votes cast
0.64%
of votes cast
0.13%
of votes cast
0.39%
of votes cast
\r For the past 3 weeks, Stride has been accepting applications for its host chain delegation program, the process by which Stride governance selects the validators to which it delegates ATOM liquid staked via the Stride protocol. \r \r As part of this process, Stride publicly solicited applications from Cosmos Hub community members to serve on the Cosmos Hub advisory council, a body of 5 members that will select the Cosmos Hub host chain validators according to preselected objective criteria. As one of many checks and balances in the Stride Host-chain Validator Selection Process, the Stride community brings this signaling proposal to ask the Cosmos Hub community to ratify the selected candidates for the advisory council.\r \r
\r Stride protocol is designed such that STRD stakers vote to determine which host-chain validators receive delegations. At any time, anyone is free to make an onchain governance vote to add or remove validators from a host-chain validator set. But it is always STRD stakers who have the ultimate authority to approve or deny any changes.\r \r \r STRD stakers need a systematic, organized, and fair framework for selecting host-chain validator sets.\r \r \r Such a framework was developed and implemented in late 2022. Called the Stride Host-chain Validator Selection Process, it was used to select a set of thirty-six Cosmos Hub validators to receive delegations from Stride protocol. STRD stakers responded favorably to the Process, and voted to approve the new validator set. Since the Process was used in late 2022, several small optimizations have been made, to make it more organized and efficient.\r \r \r Much thought has gone into this Process, to make it as fair and responsible as possible, both from the perspective of Stride protocol and host-chains. \r \r \r Over the next few months, the Stride Host-chain Validator Selection Process will be used to select new validator sets for Cosmos Hub. Here's what the process will look like:\r \r \r
\r \r To be eligible for a delegation, validators must meet these four minimum thresholds:\r \r \r
\r \r As a check on the power of Stride Labs, an onchain signaling proposal is then submitted to the relevant chain, asking stakers if they approve of the chosen advisory council. This is purpose of the current proposal.\r \r \r If governance approves the council, then it can move on to evaluating validator applicants. If governance disapproves, Stride Labs must change the members of the council, and the new council members must be submitted in a new signaling vote.\r \r \r
\r \r Once the validator applications have been received and the advisory council has been approved by the relevant host-chain, then the council members independently evaluate validator applicants, giving each validator a score out of ten.\r \r \r The five council members' scores are then averaged out, giving each validator a final score out of ten. If a council member has a conflict of interest about a certain validator, they do not evaluate that validator.\r \r \r
\r \r Once each validator has a final score, validators are separated into four quartiles, based on their existing delegations. For example, the top twenty-five percent of validators are in the first quartile, the next twenty-five percentiles are in the second quartile, and so forth.\r \r \r In each of the four quartiles, validators are ranked based on their final scores. The top eight validators in each quartile are chosen, resulting in a set of thirty-six validators from across the active set.\r \r \r Finally, each validator is weighted to determine the share of the total delegation it will receive.\r See full evaluation details here: [Hidden link] \r \r
\r \r The resultant host-chain validator set is then presented to STRD stakers, who have complete authority to approve or deny the set. \r \r \r
\r We are currently in Step 2 of the Process. An advisory council of 5 members has been selected by Stride Labs, and the Stride community is seeking approval of this council by Cosmos Hub governance. The 5 member council is composed of the following members:\r \r