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theNETAstandard

@theNETAstandard

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While others tie value to fiat or inflating governance tokens, we believe in a community-owned, supply-fixed, decentralized reserve asset — $NETA.

Cosmos
Joined December 2022
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@theNETAstandard
theNETAstandard
4 months
More than 3M $JUNO were allocated via proposals 294 & 313 to support stJUNO as a DeFi-ready liquid staking asset, with the goal of making it useful across the ecosystem — especially on Umee. That vision never materialized. Act now! @dimiandre @vexxvakan @JunoNetwork
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@theNETAstandard
theNETAstandard
1 month
@dimiandre @POSTHUMAN_DVS @KleomedesDAO @crosnest_com @StakeandRelax @Allnodes @vexxvakan I hope you are willing to join and discord would be okay to you?
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@theNETAstandard
theNETAstandard
1 month
@dimiandre @POSTHUMAN_DVS @KleomedesDAO @crosnest_com @KleomedesDAO @POSTHUMAN_DVS @StakeandRelax @Allnodes @crosnest_com @dimiandre @vexxvakan I'd like to create a group with the reduced validator set and dimi (kintsugi) + marius to discuss a new delegation programm and other things which can be done to help Juno.
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@theNETAstandard
theNETAstandard
1 month
@dimiandre @POSTHUMAN_DVS @KleomedesDAO @crosnest_com The proposal to reduce the current validator set is in the deposit period. https://t.co/xTvt6RpeDc @dimiandre would you be so kind as to fund this proposal? I deposited 1k Juno and 4k more are needed. Next: more discussions with validators, new delegation programme
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@ApeIsLive
Ape
1 month
When you go all in on crypto 🚀
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@theNETAstandard
theNETAstandard
2 months
The January cost is 5,793 JUNO (~<$200) and will be updated monthly. During this period, the active set reduction, inflation adjustment, and a new delegation program (Q1) will be implemented to reduce delegations to inactive validators and strengthen Juno long-term.
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@theNETAstandard
theNETAstandard
2 months
To support smaller validators during this transition, a temporary stipend is planned for January–March. Top 25 validators earning less than $50/month in commission will be compensated up to $50 from the community pool. This way they can cover their costs and are likely to stay
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@theNETAstandard
theNETAstandard
2 months
In parallel, I will propose temporarily increasing inflation to 10%. This strengthens validator revenue through commissions and improves staking incentives. Low inflation alone has not stabilized price. Long-term holders must be rewarded, who still believe in juno.
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@theNETAstandard
theNETAstandard
2 months
To address this, I will propose limiting the active set to 30 validators. At present, this represents about 85% of voting power, so the impact on decentralization is limited, while redelegations will improve validator sustainability by increased commissions.
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@theNETAstandard
theNETAstandard
2 months
Over the past months, several validators have stopped validating on Juno. Currently, only around 70 validators remain active, with 10 empty slots and more shutdowns already announced. This trend threatens the long-term stability of the network.
@theNETAstandard
theNETAstandard
4 months
Juno’s validator economics are collapsing. At today’s prices and inflation schedule, most validators in the active set earn less than $40/month, and many earn under $15. Several operators have already shut down their nodes. Without action, decentralization will erode further.
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@theNETAstandard
theNETAstandard
4 months
For transparancy it would be great, if you could post the relevant transactions in this thread. Furthermore, I'd like to ask you to share the following post with the validators of the network to get their feedback on it, before I go on-chain with it. https://t.co/HDWjQ2kJ5a
@theNETAstandard
theNETAstandard
4 months
Juno’s validator economics are collapsing. At today’s prices and inflation schedule, most validators in the active set earn less than $40/month, and many earn under $15. Several operators have already shut down their nodes. Without action, decentralization will erode further.
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@theNETAstandard
theNETAstandard
4 months
Thank you @JunoNetwork community for voting on Prop 371. It passed yesterday and the LP tokens were succesfully sent to @dimiandre @dimiandre could you please withdraw the liquidity from Osmosis, send $JUNO to the community pool and unstake $stJUNO? Thank you in advance :)
@JunoNetwork
Junø
4 months
Proposal #371 by @theNETAstandard is live for voting. If it passes, community liquidity will be removed from the JUNO/stJUNO pair on Osmosis. Read more here
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@theNETAstandard
theNETAstandard
4 months
A stable validator set is the foundation of network security. Short-term support now is far cheaper — and far safer — than dealing with the long-term effects of validator collapse and centralization later. Proposal coming. Feedback welcome.
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@theNETAstandard
theNETAstandard
4 months
This temporary support prevents further validator attrition, preserves decentralization, and buys time to design a sustainable economic model. Low prices will not last forever (fingers crossed) — but losing core validators would have long-lasting consequences.
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@theNETAstandard
theNETAstandard
4 months
During that period, a longer-term model will be drafted with input from validators and the community. Operators are invited to share real cost structures, so future incentives can be based on actual data instead of estimates.
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@theNETAstandard
theNETAstandard
4 months
This proposal targets the core of the active set — the portion where decentralization actually matters. The program costs $564/month, roughly 12,500 JUNO at current prices. It runs for four months: December through March.
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@theNETAstandard
theNETAstandard
4 months
Why up to rank 40? Including all validators with sub-$50 revenue would cost nearly $2kmonth, which would almost double our security cost. Validators ranked 41–72 collectively hold only 8.4% of total voting power. Their shutdowns, while unfortunate, do not affect decentralization.
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@theNETAstandard
theNETAstandard
4 months
To stabilize the set, a Small Validator Support Program is being proposed. The idea is simple: every validator up to rank 40 receives support to reach $50/month minimum income. If a validator earns $28, they receive $22 in JUNO for the month. If they earn $14, they receive $36.
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