I’m thinking, currently the requirements for delegators are still high. Like they will need to do the homework to investigate APY across node operators. And keep an eye on the platform for changes to APY or commission rate.
It would attract more delegators if we offer something more brainless. e.g delegation pool where delegators deposit to the pool instead of to individual node operators. the pool manager will manage the portfolio and take a small fee for that.
Anyone can create such pool, with a requirement of minimal staking from the creator, with similar restriction that the delegation it can attract is limited by the size of creator’s own stake.
It would be safe regards the funds. Pool owner can use the fund to delegate or undelegate and withdraw to the pool contract, but can never withdraw other people’s token to its own wallets.
The opinion of a person who is interested in the project and the growth of the token price.
Perhaps it will not be superfluous, only if there are no other tasks at the moment. But they are. I think that first the delegation task should be completed, and then the undelegation
time should be reduced to 1 week (= 1 era).
Many do not want to wait 2 weeks, so they are afraid for their tokens. It has been proven more than once that a long unstake time is only needed to block retail tokens. By reducing the undelegation time to 1 week (exactly 1 era), this will prove the transparency of the team’s intentions and attract more delegates.
This is exactly what interests me as a delegate first of all, and only then pools and other unimportant things.
I wanted to create a proposal, but I was too lazy. The only one who could be against it is the team. Therefore, I ask you on behalf of the delegators to work on reducing the under-delegation time to 1 week in advance.
Thanks for understanding
You are absolutely right in terms of the complexity of delegation management. People like to just stake their tokens and get some predictable APR instead of managing their stack every era. But the question is actually much more fundamental. Could you please formulate what the team thinks is the current motivation for a delegator to delegate SQTs?
I can explain in more detail. First and foremost, the basic needs must be met. If we compare this to a state, there must be a reliable supply of water, electricity, sewage, security — and only then come things like renovating public squares, etc.
In our case, delegators need security and flexibility, because we’re risking money that was earned through time and effort. For that, the team should reduce the unstaking period to 1 week — after all, one epoch equals one week, but currently unstaking takes 2 weeks, plus there’s an unstaking fee!
If you reduce the unstaking time, many more people will delegate — I will personally delegate more tokens. But right now, the risks are not worth it. I’ve already delegated a lot, and I’m not willing to delegate more with a 2-week unstaking period!
Address the basic needs first, and then go build pools and anything else — and everyone will be happy.
