Governance Proposal – Luna Classic Validator Governance Council
The decentralized structure and community of the Terra Classic block chain has its strengths and weaknesses. Like many decentralized forms of government, we community members grant our leaders the power to vote on our behalf. Here at LUNC this is completed through our delegations to the validators. We have a 130 Validators “Active Set” on this block chain all asking for delegations from the community.
According to Terra Docs, validators “run a full node, participate in consensus by broadcasting votes, commit new blocks to the blockchain, and participate in governance of the blockchain. Validators are able to cast votes on behalf of their delegators. A validator’s voting power is weighted according to their total stake.” Validator FAQ | Terra Docs
As we all know, being a delegator has the responsibility of monitoring the actions of the validators and re-delegating whenever the current validator doesn’t meet their needs. Validator FAQ | Terra Docs
Two of the responsibilities of the validators are:
- “Provide oversight and feedback on the correct deployment of community pool funds”
- “Be active members of the community”
A. The Strengths and Weaknesses
One of the many strengths in this form of governance is that your opinion can be amplified by ensuring that you delegate along with likeminded individuals and to a validator that will vote in the direction of its delegates. For example, if many people group together to chant the same word, it can be heard over the crowd or if the group of people agree upon a direction and all point to the same door the direction is known.
One of the many weaknesses in this model is simple and easy to see. If there is no common word to chant nothing can be heard and it just adds to the noise and confusion, and if there is no agreed upon direction then there is no movement.
B. Creation of the LUNC Validator Governance Council and minimum responsibilities
We have seen the above weakness played out many times lately. This proposal is to ask that the validators organize and create a governance council in order to amplify the community wishes.
As with any democracy, for this to work specific topics must be agreed upon.
- Organization is not the enemy of decentralization
- This council needs to be completely voluntary
- The LUNC Validator Governance Council will consist of no less than three (3) validators from the “Active Set”.
- Council Validators are the amplification of their delegates’ voices not of their own
- Council Validators must propose direction in the best interest of the block chain and the community
- Council Validators must work together within the council, community and outside of the council in order to amplify the community wishes, stop the spreading of FUD, slow governance attacks, act as a bridge between the community and the development team while bringing a cohesive direction to the chain.
- Assisting and sponsoring agora-text proposals when asked
- Development resource funding when needed
- Delegate and community polling
- Awareness campaigns / Community spaces for awareness, education and to stop misinformation
- Creation of LUNC Validator Governance Council structure and internal governance rules
This is in an attempt to protect the chain; it is open for discussion and for changes. I invite the community and validators to discuss this topic.