Proposal for an In-Protocol Distribution of Block Rewards to Stakers

The stake weights for the voting on this proposal have been captured and published here:

SIMD-0123: solgov-distributor/votes/simd0123 at master · laine-sa/solgov-distributor · GitHub

You can verify the stake weights until end of the current epoch (752) against any public mainnet-beta RPC node. At the start of the next epoch voting token claiming will be available for validators to cast their votes.

I agree, Ben. This is a great new feature, highly anticipated by many. However, it also accelerates a race to zero income for most public validators.

Stake pools will undoubtedly demand a share of block rewards, and validators with a 0% commission will have no sustainable revenue.

Jito’s tip-router has already announced they won’t take more than 50%, which seems fair. But what about other pools? If they follow suit, what’s left for validators? Zero.

I believe that as long as this feature isn’t released, we can maintain a larger cohort of validators.

I believe the two main concerns for smaller validators are: firstly, that protocol-defined block reward distribution would become embedded as a requirement for SFDP, similar to what happened previously with Jito; and secondly, that relief measures aimed at smaller validators—such as reducing voting costs—remain undecided. Unless these two points are clarified first, I don’t think the voting process can meaningfully address the evaluation criteria of decentralization.

1 Like

The voting process has begun, follow the instructions here:

Epoch 755 has concluded and this proposal has passed:

     YES  |   42.2700%  |    160254899404160713
      NO  |   14.1500%  |     53663820927507988
 ABSTAIN  |    0.6800%  |      2586661597230866

YES RATE  |   74.9139%
 NO RATE  |   25.0860%

    CAST  |   57.1100%  |    216505381928899567
  SUPPLY  |  100.0000%  |    379050125089013001