I’m Catdotfish and I’m Team Lead at the Interchain Foundation.
Some of you might know me for my Contributions to the wider ecosystem related to Community Support, Tutorials, Governance, Events, and more.
I’m here today as ideator and PM of the Interchain Foundation Delegations Policy and I’m very excited to reveal that in this second iteration of the document we are going to open up our program to IRISnet!
About this second iteration of the ICF Delegations Policy
During our first consultation with the interchain community during the summer of 2022, in the interest of utilizing our delegations more effectively to promote decentralization and reward contributions of validator teams, several suggestions were made that didn’t become part of the first version of the policy.
They were not included in the first iteration due to:
● Complexities around 1) the objective measurement of the metrics, which could be done rapidly, consistently, and at scale, and 2) forming fair guidelines for certain subjective assessments
● We want to be able to deploy a policy, ensure its smooth and fair operation, and then iterate on it.
Following up on this and many other feedback, we are happy to highlight some of the points that heavily influenced this new iteration:
● We created a better-defined point system that is based on a range of points for each item considering complexity, time, and resources spent on it and not just 1 point per item
● Additionally, we implemented a CAP system to ensure fairness and distribution of resources and support among the whole active set
● We created new categories for Valuable Upcoming Contributions & Consumer Chains
● We are now opening the Delegation Program to two additional chains: Osmosis and IRISnet
● We cut the distinction between ecosystem/single-chain contributions
Your feedback is extremely important
This version of the policy is to be considered a living draft and we look to collaborate with our interchain community to ensure full alignment in both values and vision. I’m really looking forward to implementing this draft with your ideas and recommendations.
Deadline for feedback
This draft is going to be open for feedback in the Cosmos Hub, IRISnet, and Osmosis Forums till Friday, September 1st.
Looking forward to the beginning of an amazing collaboration,