Terra Delegation Program
The 2021 Round 2 of the Terra Delegation Program (TDP) has been disbursed. Here are the details.
Recap of Qualifications:
The qualifications this round were:
As a recap, there are only 4 qualifications this round:
- Have a complete Validator Profile:
Example of a perfect pull request Here.
Example of a perfect finished profile Here.
2. Commission at or below 10%: at all snapshots.
3. Bombay Testnet must be active: at all snapshots.
4. You must apply at the link below by 8.18.21 9 PM KST: https://forms.gle/Sycuk24t38Pu72UX9
What is the snapshot? Once a week I will be taking a snapshot, and then publishing the results. They will not be announced to prevent gaming the system. They will be public so you can track your progress.
Links will be posted publicly on Twitter when snapshots are complete.
Delegations will be weighted for decentralization. This means the TFL fund will weigh distributions to flatten the voting curve.
We will not make a delegation to validators outside the active set.
Delegation Execution:
Validators that qualified on 9.9.21 based on these criteria are listed here. A snapshot to determine delegation quantity, and active set status was taken 10.15.2. This snapshot was executed 10.20.21 with a redelegate subkey to prevent any security risk to the Terra wallet. At this time the redelegate function has been determined to be the safest and most efficient way to administer the program. This process was done by terravaloper addresses, and does not represent any endorsement or disapproval based on luna moved between validators. It is an administrative movement.
Final delegation size was averaged for voting power without TDP, and then brought to that average. So that all validators who qualify end up with roughly the same size of the total voting power. With 52m Luna allocated to the program, a threshold of 1,486,359 Luna was determined to be the maximum voting size the TDP could reach per validator.
Of the 57 qualifying validators on 9.9.21, 45 are receiving delegations. These changes are noted here. 11 validators were dropped from the delegation list, because they have over 1,486,359 Luna delegated to them. Only 3 validators were dropped due to unbonding, or jailing.
Terraforming, was jailed at snapshot. KK Validator, and TerraWorld were outside the active set due to low delegations.
All delegations are ultimately at the discretion of Terraform Labs.
We are hiring Developers, contact Jared, or apply here!
