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Proposal #21

Lower minimum commission rate to 1%

RejectedParameter Change Proposal

Rejected on 15 Aug 2021: only 16.4% of the decisive votes said yes.

Yes

16.2%

16.4% without abstain

Veto

2.6%

of votes cast

Ended

15 Aug 2021

The ballotvotes cast · final tally
Yes

16.18%

of votes cast

Abstain

1.59%

of votes cast

No

79.59%

of votes cast

Veto

2.63%

of votes cast

Lower the minimum commission rate to 1%. The current minimum of 5% is higher than the minimum amount of income that validators need in order to cover their costs of running the network. Validators are still free to charge a higher rate if they need to.

Timeline

  1. Submitted11 Aug 2021
  2. Voting started12 Aug 2021
  3. Voting ended15 Aug 2021
  4. Deposit deadline25 Aug 2021

Proposer

Address
Deposit500

Rules

Not recorded for this proposal.