Terra Delegation Program
2022 R1 of the Terra Delegation Program (TDP) has been disbursed. Here are the details.
Recap of Qualifications:
As a recap, There were only 5 qualifications this round:
2. Commission at or below 10%: at all snapshots.
3. Bombay Testnet must be active: at all snapshots.
4. Provide Seed Node Address: for Testnet and Mainnet
(Process explained below)
5. You must have applied through the link below by 11.10.21 9 PM KST:
If you have previously applied. You must apply again.
What is the snapshot? Once a week I will be taking a snapshot, and then publishing the results. They will not be announced to prevent gaming the system. They will be public so you can track your progress.
Links will be posted publicly on Twitter when snapshots are complete.
Delegations will be weighted for decentralization. This means the TFL fund will weigh distributions to flatten the voting curve.
We will not make a delegation to validators outside the active set.
Validators that qualified on 1.17.22 based on these criteria are listed here. This snapshot was executed 1.18.22 with a redelegate subkey to prevent any security risk to the Terra wallet. At this time the redelegate function has been determined to be the safest and most efficient way to administer the program. This process was done by terravaloper addresses, and does not represent any endorsement or disapproval based on luna moved between validators. It is an administrative movement.
Final delegation size was averaged for voting power without TDP, and then brought to that average. So that all validators who qualify end up with roughly the same size of the total voting power. With 57m Luna allocated to the program, and 57 qualifiers a threshold of 1,180,474 Luna was determined to be the maximum voting size the TDP could reach per validator.
With 57 validators qualifying this is our largest recipient group yet, up 6 validators from previous round.
All delegations are ultimately at the discretion of Terraform Labs.