Notes Working Group Call Sep 1 2612938fe504800caa2bd8af3250dda5

Notes: Working Group Call Sep 1

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Notes

• Hot DAO proposal: inflation reduction

  https://gov.near.org/t/reduce-inflation-for-near-protocol/41140/58?u=rahulgoel007

  Key Questions:

  • Can HoS make a decision that is enforced across the whole network?
    • One approach would be to wait until staking is completely transitioned to the HoS
    • Another would be to somehow find a way to implement a reduction in the votes by NOs.

      • An additional 130M NEAR vote is required

        https://vote.linearprotocol.org/

      • Due to legal/taxation reasons, many NOs refrained from governance participation.

      • Is there any way to avoid this issue?

        • Redelegation from Foundation / Delegation from HoS?
        • Reach out to NOs without vote to see if they didn’t or they couldn’t?
  • Can small-scale validators keep running with inflation reduction? What kind of additional measures would be needed?
  • What is the ideal timing of the reduction? How should it be implemented (gradual/immediate)?

• HoS v2 hearing with Gauntlet

  [Questions for Discussion with Gauntlet (HoS staking mechanism)](Questions%20for%20Discussion%20with%20Gauntlet%20(HoS%20stakin%2021e2938fe504802f8313ef565858aea8.md)

  

• Support for smaller-scale validators

  • Meta pool is working on onboarding validators. Not focused on validator economics post onboarding.
  • Add User flow of delegating to smaller-scale validators on HoS UI?
  • How can we make it civil-resistant, tolerant towards larger NOs splitting their delegation to make them look small, if we are to implement some reward scheme that is easier for smaller-scale validators?
  • Shall we start by listing all the details of the existing delegation program, or the related support program for smaller NOs?

• Cameron’s proposal

  https://docs.google.com/document/d/1I-qJvzaaFwrvx55YmOucbz9DISlCQcjp0DOnttMQCGk/edit?tab=t.0#heading=h.6tvzc8fwk3lv

  • MPC: https://docs.near.org/chain-abstraction/chain-signatures#multi-party-computation-service

  • existing MPC validators: 8

    Pagoda, Luganodes, The Lifted Initiative, InfStones, Staking4All, Node.Monster, Black Sand Technologies, and Aurora.

    https://pages.near.org/blog/chain-signatures-mainnet-launches/?utm_source=chatgpt.com

  • What is the existing program by Proximity Labs?

  • What is the actual cost of running MPC nodes?

Next Steps

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