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Gov. Proposal 14

Shut down the Passage validator and use the resources to start the Stargaze validator

For the last few weeks, we have been in discussions with @Senator to optimally use our validator resources, there is more to come but the first decision from that discussion is to shut down the GATA Passage validator and start operating the Stragze validator. We have been in a partnership with 0base.vc validator since the genesis and and GATA has been earning the ~1500 Stars a month from that partnership, we are thankful to 0base for that great partnership. Passage Validtaor Stats Quantitative Voting power: 0.03% ~160K Passage Validator Rank: 86/100 Inflation: 8% APR: 20% Validator Commission: 5% Passage price: 0.011 Monthly earning: 133 Passage ~ 1.8 USD/Month Qualitative Outlook: Negative (running on loss) Connections with the team: None Community support for validator: less than 50 delegators Proposal Shut down the GATA DAO passage validator by 15 Dec, 2023 (with 3 weeks notice to redelegate) and start the Stargaze validator in the coming days. Voting ends 25 Nov 2023, 16:30 UTC (3 days) Result Proposal passed. with 54 votes for the prop and 4 votes against it. it was a discord vote on a gated channel.

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Last updated 1 year ago

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