Terra Luna Classic Community Rejects Proposal for Minimum Validator Commission
The Terra Luna Classic community has voted against a proposal that sought to enforce a 5% minimum validator commission. The voting results showed that 37% of the community members were in favor of the proposal, while 51% opposed it. The remaining 11% abstained from voting. This decision has sparked division within the community.
Terra Luna Classic Approves Dyncomm Module for Dynamic Validator Commissions
The L1 team of Terra Luna Classic has officially approved the dyncomm module for dynamic validator commissions. This module will be tested on the rebel-2 testnet next week. It is expected to be rolled out to the columbus-5 mainnet after successful testing. Fragwuerdig, a former L1TF developer, will lead the development of dynamic validator commissions.
Proposal Aims to Enforce Minimum 5% Validator Commission
Proposal 11853, which aimed to implement a minimum validator commission of 5%, has been rejected by the Terra Luna Classic community. The proposal highlighted the need for validators to adhere to a minimum commission rate and suggested that non-compliant validators should be immediately jailed. However, with the approval of the dyncomm module, this rule becomes redundant.
Voting Results and Key Players
The proposal received 37% “Yes” votes and 52% “No” votes, with 11% abstaining from voting. While 30 validators supported the proposal, key players such as Allnodes and top validators DFLunc, JesusIsLord, and Stakely voted against it.
LUNC Price Rises, USTC Price Falls
The price of LUNC has increased by 4% in the last 24 hours and is currently trading at $0.000064. On the other hand, the price of USTC has fallen by 1% in the past 24 hours and 4% in a week, but the trading volume has increased by 139% in the same period.
Hot Take: Terra Luna Classic Community Divided on Validator Commission Proposal
The rejection of the proposal for a minimum validator commission has caused division within the Terra Luna Classic community. While some members believe that validators should adhere to a minimum commission rate, others argue that the newly approved dyncomm module for dynamic validator commissions eliminates the need for such a rule. The voting results reflect this divide, with a significant number of community members opposing the proposal. Moving forward, it will be important for the community to find common ground and work towards consensus on governance decisions.
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