The Terra Luna Classic community voting on another major proposal amid recent development efforts, focusing on preventing exodus of validators, especially small validators. The proposal can also boost security and decentralization of the chain as more validators increase network security.
Terra Classic Community Votes to Reinstate Min Commission
Parameter change proposal 12089 “Reinstate 5% Commission for Validators” is now up for voting on the Station wallet. The proposal aims to bring back a 5% commission for validators, which was limited after introducing dynamic commission (DynComm) last year. Notably, the parameter change proposal does not affect the DynComm Module.
According to the proposal, the Terra Luna Classic community needs to reimplement this minimum fee to help maintain the active set of validators, while continuing to build. “We have lost a number of validators in the last 5 months with a few struggling to pay for their nodes. This situation will undoubtedly get wo
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