-212th FX Battalion
-Fox
-Blocktempo
-Smallfort
-Moonbase
-Rock
-Scissors
The validators above failed to upgrade their nodes in time (>24 hrs) and have been jailed. There are 16.4 million fx tokens delegated to these validators and have served penalty of 0.1%. In addition, the 16.4 million tokens cannot participate in proposal # 61 voting.
PLEASE do yourself & FX NETWORK a favour and relegate your tokens to a validator which operates seriously. If these tokens are owned by the validator operators themselves, than you would be doing YOURSELF and chain a big favor by relegating to a responsible validator.
We operate the validator Alif ever since inception and would love to be in the top 10 list. Out of the 16.4 million, if we can have 7.8 million redelegated to us, that will put us in the top 10. To celebrate we will reduce our commission rate by 10%!
We should have a mechanism to exclude the non performing / inactive validators and incentivize stakers to put into validators that has been consistent over time.
This month alone, we’ve seen a significant loss of 37.8 million FX due to validator issues. What’s even more concerning is that some of these losses are caused by repeated offenders, the same ones I mentioned in my previous post in the mainnet validator thread. These individuals are running multiple nodes with little regard for the network, community, or delegators. They are taking advantage of the system, showing a lax attitude while milking rewards without any commitment to maintaining the network’s health.
Meanwhile, those of us who are active, contributing, and dedicated to the network’s stability are not being recognized or incentivized. This is not only disheartening but also detrimental to the future of the network.
To better this situation, it is very important that FunctionX staff and the DAO ensure community funds are distributed in the best possible manner. It’s crucial that we prioritize and support validators who are genuinely committed to the community and the network’s long-term success.
Since this is pretty critical decision for those validators as they likely wont be making money anymore if we move away wholesale, please shoutout if there are different views.
Idea: Use AI to auto-redelegate to performing validators based on performance and duration? That would be cool.
Meaning it will automatically allow new validators a chance at top 50.
Non-performing validators will drop in rank by a certain % whenever they get slashed as a penalty for commitment.
is this a new idea? Especially since we pushing AI narrative
This would actually be super decentralized as everything is automated by AI based on performance haha but of course it would have to mean the AI is actually fair and open-sourced
maybe just an AI tab to tick on our wallet app so once a validator becomes inactive at a minimum; it sends notifications and / or it has a function to re-delegate to another active node you already are connected too or another you have already chosen, rather then expecting an AI to make maybe a choice you didn’t want; some interaction is needed or otherwise people will blame the system for messing them up.
Notification of bad behaviour : This is a very good idea indeed : notification sent to people over f(x)Wallet when their staked tokens are being slashed because of a validator or if their validator is loosing lots of blocks (5K, 10K, 15K)…
AI ain’t got nothing to do with it, though.
Moving away FX foundation tokens :
Moving away (sponsoring) 250x (for example) the numbers of FX slashed to a non-jailed “unsponsored” public validator at the bottom of the list or in the inactive list…
There’s some brain to put into it, but no A.I. yet neither in there…
yes; could be simple with nothing to do with Ai, But if there is a Artificial inelegance connected to the network already sorting data, not only do we actually gain the look of incorporating Ai for good purposes; we are following our future aspirations as an Ai Network, the result could be our Ai tells you some background of the reason the cuts have happened & it’s possible duration - the likely hood of it happening again - whether it’s an across the board cut because of an outage, the kind of detail that allows you to make an informed decision not a rash move, try to embrace & except the concept of Ai in your Idea’s, this will be a large part of our future now; embrace the idea our network to take any lead into the direction as now we have chosen to be known as an Ai network.
you’ll need to query your balance on the block before the validator you delegated was jailed. then query your stake when the validator came back online. if that happened on multiple occasions. you’ll have to do the same.
