The Thought Process

The Juno Delegation Program (JDP) subDAO has been going back and forward on how to approach the JUNO delegations in a fair and responsible way. It turns out that it’s not as easy and straightforward as we would have desired. Either criteria is hard to measure and/or verify, criteria was not fair towards a specific group of validators or criteria was not beneficial towards the chain/community overall.

Having that said we did come to a set of criteria we had already released and shared with everyone. For the first epoch we have decided to be a little more lenient. For example the governance participation threshold of 80% to be eligible was dropped for this first round. However, next epoch this will be upheld.

We will constantly improve this program as required. Trying to balance rewarding validators for their provable added value to Juno and making sure it doesn’t affect the chain the wrong way.

We’ve set a few minimum requirements to make sure we are rewarding validators who have proven themselves to be capable validators while still taking the Nakamoto coefficient in consideration. These requirements go into the following categories:

Once a validator passes the above requirements, it will be able to start earning points on several criteria after base delegation has been assigned. On each criteria points can be earned and your total amount of points compared to the total amount of points gained by every eligible validator will be your share of the Foundation Delegation. In order to balance the chain shifts a little bit, we did also put a cap on the amount 1 validator can earn. The criteria to earn points on are as follows:

After evaluating all submissions, verifying eligibility and criteria scores, we came to the following conclusion of delegations. If your validator is not in this list, it means it did not meet the minimum requirements (even after being a bit more lenient this first epoch). We advise every validator to carefully read what the requirements and criteria are to be eligible next epoch. We’ve noticed that some validators give a lot of extra information on the submission form that have nothing to do with what is asked. This will be ignored, so please read carefully what the question / submission form is in regard to.

Without further ado, the results:

Note: this is the total amount of Foundation Delegation a validator will end up with. Compare this with your current Foundation Delegation and the difference will be applied.

Creating the JDP’s minimum requirements, criteria, evaluating all submissions, fetching data, calculating accordingly ect. all takes a lot of time. A lot more than we expected and are able to invest every 3 months. Therefore we will change the epoch period to every 6 months.

We’re also interested in a new Delegation System that has been built that can do a lot of monitoring and adjust delegations automatically based on a pre-set configuration. We are looking into this for the future where we can automate a lot of work we’ve done manually this time around. Once we are in an advanced state into using this application we’ll inform everyone of this new system, process and foreseen configuration we’d like to use.

We’d like to say thanks to all validators who are helping Juno by adding value to it in some way or another. Enjoy these delegation rewards and we’ll see everyone again in 6 months.

If you have burning questions please feel free to get in contact with the JDP subDAO in the #juno-delegations channel in the Juno Discord.

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