December 2024: Governance Update Proposals
These proposals were successful and applied to Chiliz Chain on December 5th, 2024.
Welcome, Chiliz Chain community!
As you know, we thrive to always improve the Chiliz Chain ecosystem. That is why we present you today with four new governance proposals. We encourage you to review each proposal with care. Your active participation is crucial in shaping the future of our network.
Purpose of the Proposals
The following proposals aim to further decentralize the chain by increasing the active set of block producing validators while also introducing a new validator to be approved by the rest of the validators. Besides this, we introduce some changes in the length of the jailing and unstaking periods.
Read our blog article about it:
Validators can vote right now on the Chiliz Chain Governance dApp:
Benefits of these proposals
Enhanced Liquidity: Shortening the cooldown period empowers stakers with faster access to their funds.
Improved Validator Participation: Reducing the jail period allows validators to resume operations sooner, supporting network stability.
Increased Decentralization: Adding a new validator and increasing the maximum number of validators strengthen the network's resilience and security.
Proposal descriptions
Proposal 1: Reduce Unstake Cooldown Period
Decreases the cooldown period from 7 epochs to 2 epochs, allowing stakers to unstake their funds sooner. This way, stakers can access their funds more quickly after unstaking, enhancing liquidity and flexibility for participants.
Proposal ID
73550656206756790885481228442515624002030774790386811177867165873543978825225
Voting period (blocks)
18,666,267 -> 18,893,067 Deadline: Thursday, December 5th, 2024 at roughly 8:00–11:00 AM CET
Proposer Address
Voting result for Proposal 1
For: 79% - Against: 0%
The Chiliz team applied the decision accordingly on December 5th, 2024.
Proposal 2: Reduce Unjail Period
Decreases the jail period for slashed validators from 7 epochs to 4 epochs. This way, slashed validators can rejoin the network sooner, maintaining a robust and active validator set.
Proposal ID
44556333106659027840758315596101544843065895155780220754758217349597836316572
Voting period (blocks)
18,666,388 -> 18,893,188 Deadline: Thursday, December 5th, 2024 at roughly 8:00–11:00 AM CET
Proposer Address
Voting result for Proposal 2
For: 79% - Against: 0%
The Chiliz team applied the decision accordingly on December 5th, 2024.
Proposal 3: Activate Validator #12
Adds a validator. By having more validators, we enhance the decentralization and network security of Chiliz Chain.
Proposal ID
97873233559471420596459359014336920070430443785324445967327873836631515244722
Voting period (blocks)
18,666,630 -> 18,893,430 Deadline: Thursday, December 5th, 2024 at roughly 8:00–11:00 AM CET
Proposer Address
Voting result for Proposal 4
For: 79% - Against: 0%
The Chiliz team applied the decision accordingly on December 5th, 2024.
Proposal 4: Increasing the number of main active validators
Increases the maximum number of main validators from 11 to 12. Expanding the validator set allows for greater participation and further decentralizes the network. It also updates the jailing threshold to reflect the slashing thresholds for 12 validators instead of 11: this way, the validator penalty mechanisms are still fair & balanced for all validators.
Proposal ID
44034038734325640228363757057494618496018834019144107410335314583491314357436
Voting period (blocks)
18,668,236 -> 18,890,236 Deadline: Thursday, December 5th, 2024 at roughly 8:00–11:00 AM CET
Proposer Address
Voting result for Proposal 4
For: 79% - Against: 0%
The Chiliz team applied the decision accordingly on December 5th, 2024.
Deadline for Voting
Validators should vote before Thursday, December 5th, 2024, around 8:00–11:00 AM CET.
You can get all the details on each proposal on the Chiliz Chain Governance dApp:
Validators participation is essential to ensure that these proposals are evaluated and implemented effectively, for the sake of the improvement of Chiliz Chain.
Thank you!
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