Minimum thresholds, bonding for Governance and Economy
Multiple end user stories of trying to nominate with a stake account value of less than 200 DOT. When this happens, the value gets bonded before they are made aware that not only is their staked DOT not going to receive rewards but also the need to wait for 28 days for unbonding to complete. I propose the following: Split bonding functions based on use case. Governance bonding and Economic bonding. Change to Economic bonding is either to prevent bonding on accounts with less than 200 DOT or to remove the 28 day unbonding period requirement. Governance bonding would remain as it is today.
Comments (14)
Comments (14)
There's more information about the minimum rewarding staking amount and the quick fixes being implemented here: https://github.com/paritytech/polkadot/issues/2418 As I understand it economic and governance staking are intrinsically linked- you're rewarded for giving your opinion on which validators keep the network secure and decentralised, you back that opinion with DOT and are rewarded likewise. The 28 day unbinding period is to ensure that bad actors don't cut and run before someone discovers their misdeeds, removing it for any given amount of DOT could mean those with larger amounts of DOT to stake could split them in to smaller batches subverting the unbinding period
You can only unbond the amount that is bonded. If bonding under 200 serves no purpose economically, then it makes sense to segregate it out. Either by preventative controls or by non-enforcement of associated constraints such as unbonding waiting period. If bonded amounts under 200 can support governance actions, but not economic ones, then bonding under 200 should still be permitted and the unbonding waiting period only enforced if associated with governance activity.
There's more information about the minimum rewarding staking amount and the quick fixes being implemented here: https://github.com/paritytech/polkadot/issues/2418 As I understand it economic and governance staking are intrinsically linked- you're rewarded for giving your opinion on which validators keep the network secure and decentralised, you back that opinion with DOT and are rewarded likewise. The 28 day unbinding period is to ensure that bad actors don't cut and run before someone discovers their misdeeds, removing it for any given amount of DOT could mean those with larger amounts of DOT to stake could split them in to smaller batches subverting the unbinding period
You can only unbond the amount that is bonded. If bonding under 200 serves no purpose economically, then it makes sense to segregate it out. Either by preventative controls or by non-enforcement of associated constraints such as unbonding waiting period. If bonded amounts under 200 can support governance actions, but not economic ones, then bonding under 200 should still be permitted and the unbonding waiting period only enforced if associated with governance activity.