Drop some NAM to validators to cover more tx fees until Phase 5

PGF Ops Proposal 🗳️
1

From some Discord conversations, it appears that there might be a need from some validators to have some more NAM to cover tx fees until Phase 5. I think it would be a good idea to drop at least some NAM to all the validators for this purpose at minimum. Might also be nice to provide some NAM to some would-be operators who would like to start a validator but who don’t have genesis allocations.

Here’s a list I’ve collected of implicit addresses associated with all validator accounts that are currently active (not jailed or inactive). Additionally, there is one person I’ve included who I personally know is trying to set up a validator but has had difficult doing that so far due to not having any NAM yet.

There are 184 addresses here. Figure at minimum we should drop 2 NAM to each of these addresses. Please share your thoughts!

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tnam1qqsuhje9ecshtdea4najqrpnm0mul3hafvy9d6w2
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20 Likes
2

Great, otherwise validators might run out of NAM to vote on the Phase 3, 4, or 5 proposals and Namada would be stuck at Phase 2 for all of eternity! :laughing:

I have no objection to giving prospective validators 2 NAM. :v:

6 Likes
3

I agree with this idea !

2 Likes
4

Yes, I agree. Let’s proceed :+1:

1 Like
5

In favor, yes! Let’s get rollin’!

6

agree

image
(more characters to feed forum :yum: )

1 Like
8

In favor too - will support it.

1 Like
10

Lets proceed, I agree

1 Like
11

Agree.
May I ask why our validator is not in the list ?
tnam1qyvc8n7ufmpan4yy3nemm3td2c6uff4m6s72g3eg

12

Sounds like a smart idea.

1 Like
13

Emphasizing what I said above - that I’ve collected the implicit address associated with your validator account. This is the address used to sign your validator txs and from which you already pay gas fees for your validator txs.

I’ve just specifically confirmed that your address is included, @shield-crypto. It is tnam1qrjckvc2z4adzjc62dv5sztqj4hzdvypfc8s94z2.

For the record, anyone can determine this from on-chain data by first querying the public keys associated with a validator address:

namadac query-account --owner $VALIDATOR_ADDRESS --node $NODE

That will return a list of public keys that can be used to sign txs / that were used to instantiate the validator address (the established address, more generally).

From a provided public key, one can then determine the implicit address associated with that public key from

namadac utils pubkey-to-address --public-key $PUBLIC_KEY
4 Likes
14

I agree, we support it

1 Like
15

Agreed, let’s do it.

1 Like
16

We agree. It’s necessary

1 Like
17

I can’t help but wonder (as I have also expresses through other channels) if it might be a good idea to drop letters say 1000 NAM or a bit more, to these addresses, as a way of helping a little with infra cost. One might argue this is non-proportional but that’s in many ways the point, as the cost of upkeep of a 20k nam vp validator is more or less the same as a 2M nam vp validator, yet rewards very different. (I know the bigger validators have a more professional org and setup, and I respect that. but for simplifying the argument:))

As a sidenote, I wonder if some analysis could be made on the jailed validators side, if they have otherwise been active and “happen” to be jailed only at this moment, maybe a new check could be done in a couple of days to see if anything has changed.

1 Like
18

Thinking a bit more about my idea above, it may be premature idk. It may however be a good time to also consider doing some form of pgf to various contributor segments, there are clear advantages to doing this before stage 5. Just loosely floating the idea.

19

@preto I think a good idea in general and something we should continue chatting about more in the near future.

For now though, I’d like to get something on-chain though and into validators’ hands. I’ll try to put up a proposal on-chain today that gives the 2 NAM to everyone as a starter. I’ll also update the list for everyone who is active (I believe some ppl who were jailed yesterday are now unjailed).

2 Likes
20

Sounds good! jdksmsmsndnd 20 character posts

21

and validator commission, they get 0 rewards?

22

Proposal is on-chain as Proposal #9! Giving 5 NAM instead of the 2 NAM discussed here just to make extra sure that some of you don’t run out of NAM for tx fees again before Phase 5.

namadac query-proposal --proposal-id 9 --node $DO_RPC 
Last committed epoch: 316
Proposal Id: 9
Type: PGF funding
Author: tnam1qqgll8x8rz9fvtdv8q6n985za0vjvgyu0udxh7fp
Content: {"details": "Give 5 NAM to each validator that is currently not jailed or deactivated (inactive) with a one-time retroactive PGF payment. Also give this amount to a couple accounts that wish to use the NAM to pay fees for initializing a validator.", "discussions-to": "https://forum.namada.net/t/drop-some-nam-to-validators-to-cover-more-tx-fees-until-phase-5/1534", "motivation": "We initially dropped 1 NAM to all validators at genesis, but some of them have run out of NAM to cover various tx fees. We should top them up and give them enough NAM that we don't have to worry about this happening again before Phase 5.", "title": "Give validators some more NAM to cover tx fees before Phase 5"}
Start Epoch: 317
End Epoch: 329
Activation Epoch: 330
Status: pending
Data: Actions:
  Retroactive: Internal address=tnam1qp066atjc24c7dcmuw2x9d5mrumk4c9n35ma7gs4, amount=5000000
  Retroactive: Internal address=tnam1qp2kk5jp58qcq8ac56r098nw2fkhpy0wegmau9dl, amount=5000000
...
4 Likes