New #Proposal 6 passed — Rebalancing Delegations Criteria
We are happy to announce the end of our Governance session, with the community overwhelmingly approving a proposal focusing on the changes rebalancing delegation from the objective to the subjective criteria.
Find out more about the SRDP criteria here: https://docs.c4e.io/validatorsGuide/strategReserveDelegationProgram/strategReserveDelegationProgram.html
The governance voting displayed an emphatic approval with 88.10% votes (65.58 M) in Favor, 9.67% votes (7.20 M) in Abstain, and votes in No 2.23% (1.66 M).
Why did we propose changes in the current Delegations Criteria?
We have seen a significant value in placing more emphasis on the subjective criteria aspects, which allow Validators to make a variety of contributions.
This approach is crucial to fostering strong and lasting relationships with Validators in the long term and in return Validators make essential contributions to the project and its community growth.
Discussions are part of the governance
Discussions on platforms like the commonwealth forum (link) highlight the significance of communication and governance in our ecosystem. Big shoutout to everyone involved and sharing their thought on the proposal.
With Optimal Growth come Optimal Changes
We have found that the old allocations heavily favoured the Objective criteria aspects, making them overvalued and disfavoring the subjective criteria which relate more to the community-building aspects.
In light of this, we have proposed a delegation rebalancing as follows:
- Objective delegation: 30M C4E tokens
- Subjective delegation: 10M C4E tokens
The old delegations were allocated as:
- Objective delegation: 34M C4E tokens
- Subjective delegation: 6M C4E tokens
What comes next?
The changes from the passed Proposal 6 will enable our project to adapt swiftly to the varying needs and opportunities of Validators.
We feel that these changes will further encourage the Community of Validators to contribute to the project, ensuring continuous and harmonious growth of C4E.
