SifDAO Proposal: Delegate 40M of Ecosystem Funds to Qualified Validators, August 2022

Summary

This is a signaling proposal to delegate 40M ROWAN from the ecosystem fund to qualified validators in accordance with the outcomes of the Validator Delegation Council’s framework, listed below.

Details

The validator delegation program is intended to decentralize and secure the Sifchain protocol while encouraging the growth and contributions of a dedicated and active validator set. We propose delegating a total of 40M ROWAN to validators that fall into 2 categories: Tier 1 and Tier 2.

Detailed information about our criteria, categorization of validators, process, and outcomes can be found here:

https://www.notion.so/sifchain/Sifchain-s-Validator-Delegation-Program-Phase-2-Award-Announcement-95e4fb36fbd740418c1a3f26946f40e7

Purpose

• Usher in further decentralization of the network
• Encourage the growth of an active and committed validator set
• Reward strong contributors and leaders in the validator community

Proposal Process

1. First-pass feedback: Validator Delegation Council releases Phase 2 delegation awards and conducts conversations with DAO members and existing stakeholders to collect feedback and make necessary corrections/adjustments.
2. Formal proposal: the proposing member uses first-pass feedback to evolve a one-pager into a Proposal to SifDAO
3. Proposal vote: at the end of the Discussion Period, the proposal is put to a vote
4. Execution:

• Delegations to be made.
• Next round of the Validator Delegation process to begin.