Proposals of #26

Increase the minimum commission rate to 5%

Text Proposal
passed
Expected result
Turnout / Quorum
64.09% / 33.40%
Voting start 2022.09.10 at 19:09:52
Voting end 2022.09.17 at 19:09:52
59.39%
40 675 399 akt
Yes
7.41%
5 075 944 akt
No
0.23%
157 007 akt
Veto
32.97%
22 584 773 akt
Abstain

Details

logo
Proposer
-
Total deposit
1 000 akt
Submit time
2022.09.10 at 19:09:15
Deposit end time
2022.09.24 at 19:09:15

Description

0% or low commissions are known to be bad for the health of the network. By setting up a minimum commission rate, it will help to build a healthier network environment and promote decentralization of Akash network. 5% has been accepted by a wide range of Cosmos community in Osmosis, Juno, Chihuahua, to name a few.

If this proposal is passed, the software of Akash network will be needed to be updated so that commission of all validators lower than 5% will be increased to the minimum automatically. Validators with commission rate lower than 5% should increase their commission rate to 5% as a gentlemen agreemnt before the required network upgrade.

Votes

Voter
Answer