Dear Terra Classic Governance and Validator Community, I hope this message finds you well. Following the recent discussions on Proposal #11959 regarding the adjustment of parameters, our team has carefully considered the feedback and concerns raised by the community. Upon thorough evaluation, it has become evident that the proposed changes would require a substantial amount of effort from developers to implement new parameters. In light of this, we have decided to submit a revised proposal, aiming to streamline the process and prioritize the restoration of 130 validators on Terra Classic. Our objective is to ensure the continued decentralization and robustness of the network while minimizing the burden on developers. Proposal Overview: Restoration of 130 Validators Rationale: The initial proposal aimed at adjusting parameters for optimization, but after careful consideration, we acknowledge the potential challenges and complexities associated with its implementation. To maintain the integrity of the Terra Classic network, we propose prioritizing the restoration of 130 validators as a more immediate and feasible goal. Key Points: Validator Count: Restore the validator count to 130 to enhance decentralization. Parameter Adjustments: Postpone minimum stake parameter adjustments for future consideration to avoid undue strain on developers. We believe that prioritizing the restoration of 130 validators aligns with the community's interests and ensures the continued success of Terra Classic. We are committed to fostering open communication and collaboration to achieve consensus on crucial matters affecting the network. We appreciate your time and attention to this matter and look forward to constructive discussions within the Terra Classic community. Also don't miss out on the opportunity to supercharge your staking journey. Delegate more now and watch your rewards grow exponentially! https://station.terraclassic.community/validator/terravaloper1qu5lp6ywxnvms4ja8lkwpqthn2y0t75kscazph 1ST#BAHRAIN The following options outline the voting choices and their implications for the proposed changes: YES: By selecting 'YES,' you are expressing your approval for the increases in the validator set from 100 to 130.and postpone minimum stake parameter adjustments for future consideration by the developers based on Proposal #11959. NO: Opting for 'NO' indicates your disapproval of the proposed increases in the validator set from 100 to 130. NO WITH VETO: A 'NoWithVeto' vote signifies that the proposal is considered spam, irrelevant to Terra Classic, disproportionately infringes on minority interests, or violates the current rules of engagement set by Terra Classic governance. If the count of 'NoWithVeto' votes surpasses one-third of the total votes, the proposal will be rejected, and the deposited funds will be burned. ABSTAIN: If you choose to 'ABSTAIN,' you are contributing to the quorum without formally endorsing or opposing the proposal. This option is suitable for those who wish to acknowledge their presence in the voting process without taking a stance on the proposal itself.
Submitted
31 Dec 2023, 13:36:08 UTC
Vote closed
21 Jan 2024, 12:11:11 UTC
Not approved
The proposal did not produce an approved governance action.
Current or final voting power, calculated from the on-chain tally.
Quorum
Reached
Proposed values compared with the current module state. A difference may mean a later proposal superseded this one.
Staking Max Validators
Objective network measurements at vote close plus 7, 30, and 90 days. Missing history is shown honestly, never backfilled with estimates.
Average block time
Preferred signal: context
7 days
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30 days
Only approved proposals receive an outcome window.
90 days
Only approved proposals receive an outcome window.
/cosmos.gov.v1.MsgExecLegacyContent/cosmos.params.v1beta1.ParameterChangeProposal70.63% participating
Approval
Below threshold
35.01% decisive Yes
Veto
Below threshold
1.13% of participation
What this message can change—not a prediction of price.
Staking ratio
Preferred signal: context
7 days
Only approved proposals receive an outcome window.
30 days
Only approved proposals receive an outcome window.
90 days
Only approved proposals receive an outcome window.