December 2024: Governance Update Proposals
Last updated
Last updated
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.
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:
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.
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 |
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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 |
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Adds a validator. By have 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 |
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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 |
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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:
Your participation is essential to ensure that these proposals are evaluated and implemented effectively, for the sake of the improvement of Chiliz Chain.
Thank you!
