Lower minimum commission rate to 1%
rejected
Expected result
Rejected
Turnout / Quorum
7.46% / 20.00%
Voting period
Voting ended100.0%
Voting start 2021.08.12 at 15:33:40
Voting end 2021.08.15 at 15:33:40
Vote distribution
16.18%
2 503 401 osmo
Yes
79.59%
12 312 901 osmo
No
2.63%
407 221 osmo
Veto
1.59%
246 375 osmo
Abstain
Details
Proposer
-
Total deposit
500 osmo
Submit time
2021.08.11 at 17:41:22
Deposit end time
2021.08.25 at 17:41:22
Description
Lower the minimum commission rate to 1%. The current minimum of 5% is higher than the minimum amount of income that validators need in order to cover their costs of running the network. Validators are still free to charge a higher rate if they need to.
Votes
Voter
Answer