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Realigining voting power distribution

Validation2 posts980 views1 likesLast activity Oct 2019
SA
SahithnOP
Oct 2019 1

I have seen few discussions in cosmos forum and community chats regarding how proposer bonus and higher governance voting power is causing an issue of centralisation. I would like to propose the following as a solution • Min Stake Requirement (MSR, in %) Every validator need to meet this Minimum Stake Requirement criteria in-order to earn any voting power on the network. It can be a simple number like 0.5% of total tokens bonded or some % of top validator’s bonded tokens. • Issued VP - This is a % of voting power that’ll be distributed to all validators who satisfy MSR (Something like 50% of VP is distributed equally among all the validators, if there are 100 validators in the network who have MSR, each validator will get 0.5% each) • Delegated VP - The remaining % of VP after deciding IVP is distributed to validators based on the ratio of bonded tokens DVP% of each validator = % of tokens bonded to validator * (TVP - IVP) / TVP If 100 out of 125 validators have MSR,and 50% is issued vp then remaining 50 is delegated to each validator based on his bonded tokens. Let’s consider TVP of the network is : 2,000,000 and 50% (i.e., 1,000,000) is distributed under IVP.…

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AN
anilCSE
Oct 2019

I think having some logarithmic function (voting power vs bonded tokens) in place of linear DVP can add more value

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