Osmosis, onwards to decentralisation (continued)
Mid August a raffle was started for the delegators of the Little_Cryptomen validator and validators with a voting power below 100k OSMO. Check this link for more information. (Side note: the centralisation of voting power became even worse in the meantime. So getting the word out that delegating to small validators is more profitable is required)
With the insights gathered in the past 4 weeks a change is made in the raffle schedule.
- One change is to counter the “organic” growth the voting power has in general. In principle it is desired to promote redelegating from bigger validators to smaller validators. As we speak some of the smaller validators are growing over the 100k voting power just by people who keep compounding their rewards to their validator of choice. To counter this the raffle schedule is changed to look at the percentual voting power of the validator in the network.
- A second change is the addition of an additional raffle for the validators of the Little_Cryptomen validator. Note that the former setup was rewarding delegators to other small validators relatively more than the delegators of the LC validator, while in fact they did all the “work”. To counter this a second raffle is added for the LC delegators.
The new schedule looks as follows:
This schematic will be in effect from 09–09–2021.
So choose your validator wisely and let’s hope you get lucky :)