Proposals V1.0


Proposal ID: 1
Proposal type: Text Proposal
Submit Time: 2019-10-25T07:07:57.544227181Z
Deposit End Time: 2019-10-27T07:07:57.544227181Z
Voting Period Start Time: 2019-10-25T07:07:57.544227181Z
Voting Period End Time: 2019-10-27T07:07:57.544227181Z
Proposal Status: Passed

Description:

This governance proposal is for adjustment of the following parameters:

  • SignedBlocksWindow:
    Proposed: 62836(~equal to 48 hours)
  • SlashFractionDowntime:
    Proposed: 0.00001(equal to 0.001%)
  • UnbondingTime:
    Proposed: 604800000000000(equal to 7 days)
  • max_deposit_period:
    Proposed: 259200000000000(equal to 3 days)
  • voting_period:
    Proposed: 259200000000000(equal to 3 days)

Context:

  • SignedBlocksWindow:
    SignedBlocksWindow is proposed to be increased from 100(~equal to 5 minutes) blocks to 62836(~equal to 48 hours) blocks to avoid validators from getting jailed for small downtimes.
  • SlashFractionDowntime:
    Many validators got slashed by 1% for every unjailing event whenever validator gets jailed for any reason. (However zebi refunded the slashed tokens to encourage validators run validator nodes). Current slashing fraction is 0.01(equal to 1%) and we are proposing to revise it to 0.00001(equal to 0.001%) in the interest to make sure that delegator tokens are safe.
  • UnbondingTime:
    Tokens will go through cooling period whenever tokens are undelegated or when redelegated which is currently 21 days. Current unbonding time is proposed to be reduced from 1814400000000000(equal to 21 days) to 604800000000000(equal to 7 days) (Deposit Period + Voting Period should be less than unbonding time)
  • max_deposit_period:
    Currently deposit period is 2 days and we are proposing it to be increased to 3 days. Token holders and Validators will get one extra day to deposit tokens to strengthen their favourite proposals.
  • voting_period:
    Currently voting period is 2 days and we are proposing it to be increased to 3 days. Token holders and Validators will get one extra day to vote their opinion for proposals.

PROPOSAL PASSED