Removal Of Max Commission Change Per Day #714
Conversation
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@sophoah let's discuss this with the team |
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I think this is important information to keep up, but what are the actual rules on max-rate and max-change-rate on the blockchain? Are these locked forever at the initial rates? Can those be modified if we modified some blockchain code? Could we allow these settings to only be lowered for example (no rasing to prevent scamming)? |
I like this: The ability to lower the rates, max, max-change without issue but increasing can be blocked or with delay @sophoah . In the case of Sentinel setting to 100% max change by mistake on creation but wanting to lower it to the mininum or ~10% like all others. I guess whats visible right now for most validators is 10% per day, so we are talking 10 days to get to 100% as far as the public is concerned. So 10-100% is rather irrlavent but creates a negtive stat to the public. |
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@patrickmogul @FortuneV13 we'll discuss that internally. Anything is possible, the challenge is to make sure the changes are not leading to any side effects |
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for this PR, i wouldn't remove it from the UI as it is a risks for the delegator not knowing what are the validator max-change-rate |
Since the Max Commission Change parameter cannot be modified on the blockchain and some validators mistakenly set it too high, it may be beneficial to remove this from the validator profile.
Future on chain ideas:
Change wont take affect for X days ( displayed on profile ) and to show it's going to change to X at epoch X.
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Limit the changes to like 1 per year
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Allow decreases to those statistics but block increasing. There should be no downside to being able to reduce this.
For now , while the statistic remains active on-chain, its removal from the validator page could help remove any damaging impact from validator progression. The current commission rate is the most critical statistic already present.