Hello Chris ,
I’m glad to hear that the approach resonates with you, and I appreciate your thoughts on performance measurements, the matching program, and the broader aspects of the initiative.
-
Matching Program and Stake Calculation: Yes, your understanding of the matching program is correct. For example, if an SFDP participant has 10,000 SOL in stake outside of the Foundation, they would receive an additional 10,000 SOL match from the Foundation, resulting in a total of 20,000 SOL. Plus, with the base delegation, the total would be ~60,000 SOL. Keep in mind that as the more stake is matched through out the participants the base delegation will decrease.
-
Commission and Sustainability: Regarding the maximum commission, there seems to be a misunderstanding. We are keeping the maximum commission unchanged at 10% for now. Market forces are expected to naturally encourage lower commissions. The notion of a 100% commission does not align with our policies or the spirit of the SFDP.
-
Cap on Total Stake: The current maximum stake threshold is indeed 3.5 million SOL, but we are actively considering a cap of around 1 million SOL. This is still under discussion, and we intend to provide more details closer to the program’s launch. We are carefully evaluating what would be most effective, especially at the boundaries of this threshold.
-
Stakepool Stake as Outside Stake: For the time being, stake received from stake pools like Marinade will be considered as outside stake. However, this is an aspect of the program that could evolve over time. We are committed to an incremental and adaptive approach, ensuring that the program remains effective and relevant.
Thank you once again for your valuable input. It’s through such constructive dialogues that we can refine and enhance the SFDP. We look forward to your continued participation and insights as the program evolves.
With appreciation,
Ben Hawkins