Lido contributors are proud to fund ValOS (Validator Operations Standard):
A community-driven framework designed to raise the bar for secure, resilient, and verifiable validator operations across the Ethereum staking ecosystem.
https://t.co/sLNIgcxOm5
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Governance Alert - Proposal 74 - Proof of Authority Transition - set REGEN emissions to zero
From the author: The final step of the Proof-of-Authority transition (RFC #70), after #72 (honest blocks_per_year, passed) and #73 (max_validators 11, passed and in effect). One standard x/mint MsgUpdateParams — no chain upgrade, effective the moment it passes. THE MECHANISM: x/mint currently emits at the corrected 3.50% — about 8.39M REGEN a year on a 239.7M supply. That emission buys no security: min_commission is 0, so at current prices a validator’s take from emission is measured in cents, and the curated authority set runs on infrastructure budgets and conviction either way. What emission actually does is move value from non-stakers to stakers, block by block. WHAT THIS CHANGES: three fields — inflation_max 3.50% to 0, inflation_min 3.50% to 0, inflation_rate_change to 0. Every other mint param is read live from the chain at build time and passed through untouched. Supply becomes fixed at ~239.7M REGEN. WHAT IT DOES NOT DO: it takes nothing from anyone. Delegations, unbonding, fees, slashing, and governance are untouched. Staking rewards from emission end — that is the point — and every holder keeps the share of supply they already have, permanently. A future MsgUpdateParams can reverse it if the network ever chooses to mint again. CONFIRM WITHOUT TRUSTING ME: take total supply at two heights a few days apart and annualize the difference. Today it shows ~3.50%; after this passes it shows zero. That is the whole proposal.
https://t.co/gbcG458pI6
This is HUGE.
Cosmos will now have:
-> A strong presence & investment in Korea
-> Longevity for Mintscan
-> A cracked engineering team focused on the Hub
Welcome to the team, @mintscanio!