Terra Delegation Program
The 2021 Round 3of the Terra Delegation Program (TDP) has been disbursed. Here are the details.
Recap of Qualifications:
As a recap, There were only 5 qualifications this round:
1. 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. Provide Seed Node Address: for Testnet and Mainnet
(Process explained below)
5. You must have applied through the link below by 11.10.21 9 PM KST:
https://forms.gle/7RzeGGAYKegMYL1W9
If you have previously applied. You must apply again.
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 11.18.21 based on these criteria are listed here. This snapshot was executed 11.19.21 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, and 49 qualifiers a threshold of 1,308,441 Luna was determined to be the maximum voting size the TDP could reach per validator.
With 49 validators qualifying this is our largest recipient group yet. A shorter disbursement round was used this time to push seed nodes into our documentation as soon as possible, and to bootstrap as many validators as possible with upcoming launches from Stader and Prism.
All delegations are ultimately at the discretion of Terraform Labs.
We are hiring Developers, contact Jared, or apply here!
