Hey Masha, thank you for your team’s feedback. It’s great to see more and more validators being involved in the discussion and so we couldn’t imagine not asking for your opinion.
Now, to answer your questions about Parts C and D one by one.
What will the onboarding process look like? How will potential participants be evaluated and how will validators be involved in the evaluation?
From the proposal:
- Phase 1 (current) - The multi-sig holders would set the admission parameters and choose the validators.
- Phase 2 (next step) - The governance and validator communities set and approve the parameters, and the multi-sig holders implement those parameters.
- Phase 3 (end state) - The governance and validator communities set the parameters and admit and onboard validators themselves.
We don’t have a firm definition of phase 2 yet, but we’re looking forward to working with validators on both the particular process, as well as specific admission parameters.
For onboarding specifically, we’re looking to revamp that process completely - from providing better educational resources to involving existing validators as mentors. All of that is aimed at creating as many community-driven mechanisms as possible, working hand in hand with those who should be perceived as representatives of the ecosystem.
In case if no one from the validator set is removed as a result of the forced unstaking, will the active validators set now consist of 105 members? If everyone will perform well, then these 5 will still be included in the active set?
Yes, the validator set would consist of 105 members going forward, all of them getting a chance to participate equally.
Also, in “forced unstake” will only fundation tokens be unstaked or all together? Will it be like a jail in cosmos? Then the question is how to return to the set after, is it foreseen?
The tokens of a validator would be unstaked and the delegators would need to unstake and redelegate to another validator to earn rewards.
If an unstaked validator wanted to return to the set, they would need to go through the admission process.
I hope this clarifies things, @everstake_masha, I’m looking forward to keep the discussion going!