Loss of delegations FX

Developers Function X Validators
1

We have observed several Validators losing delegations in an exaggerated manner, predictably redelegated to larger Validators.

This causes a mismatch gap between validators 1-25 25-50.

Regarding the public Validators that are still managed from the beginning by the FX team, do we know if they will be permanently operational?

I copy the latest movements taken from FrenchXBot:

[16/01/2024 07:15]
:euro: Rock’s delegations increased from 1 356 403,79 to 1 396 387,18 $FX !

[16/01/2024 07:53]
:euro: Jakarta’s delegations decreased from 565 885,76 to 457 846,95 $FX !
:euro: Singapore’s delegations increased from 23 934 692,38 to 24 042 731,20 $FX !

[16/01/2024 07:57]
:orange_circle: LeValidateurFX is going to switch to Inactive
:euro: LeValidateurFX’s delegations decreased from 2 001 900,03 to 1 900,03 $FX !
:euro: Litecoin Foundation’s delegations increased from 16 757 927,32 to 18 757 927,32 $FX !

[16/01/2024 07:59]
:euro: European University Cyprus’s delegations increased from 14 091 936,74 to 14 385 194,46 $FX !
:euro: Rock’s delegations decreased from 1 396 387,18 to 1 103 129,46 $FX !

[16/01/2024 08:01]
:euro: Scissors’s delegations decreased from 2 458 606,65 to 1 268 092,96 $FX !
:euro: Miami’s delegations increased from 13 005 955,93 to 14 196 469,63 $FX !

[16/01/2024 08:03]
:euro: Blindgotchi’s delegations increased from 12 025 400,69 to 12 150 435,37 $FX !
:euro: Janc’s delegations decreased from 2 978 867,75 to 2 853 833,08 $FX !

[16/01/2024 08:07]
:euro: Dapp.com’s delegations decreased from 3 508 844,09 to 2 157 012,52 $FX !
:euro: SmallFort’s delegations decreased from 3 908 914,45 to 2 173 234,12 $FX !
:euro: Singapore’s delegations increased from 24 042 731,20 to 25 394 562,77 $FX !
:euro: Litecoin Foundation’s delegations increased from 18 757 927,32 to 20 493 607,66 $FX !

[16/01/2024 08:09]
:euro: Miami’s delegations increased from 14 196 469,63 to 15 545 567,69 $FX !
:euro: European University Cyprus’s delegations increased from 14 385 194,46 to 15 823 180,54 $FX !
:euro: Blindgotchi’s delegations increased from 12 150 435,37 to 12 319 129,95 $FX !
:euro: :waning_gibbous_moon::rocket:Moonbase’s delegations decreased from 4 236 539,11 to 2 887 441,05 $FX !
:euro: paf_yyc_ca’s delegations decreased from 4 146 852,71 to 3 978 158,13 $FX !
:euro: Innsbruck’s delegations decreased from 3 372 908,61 to 1 934 922,53 $FX !

[16/01/2024 08:11]
:euro: Singapore’s delegations increased from 25 394 562,77 to 26 532 577,03 $FX !
:euro: ChiangMai’s delegations decreased from 4 358 435,48 to 3 259 825,57 $FX !
:euro: Litecoin Foundation’s delegations increased from 20 493 607,66 to 21 592 217,56 $FX !
:euro: blocktempo’s delegations decreased from 4 377 413,32 to 3 239 399,05 $FX !

[16/01/2024 08:13]
:euro: Miami’s delegations increased from 15 545 567,69 to 15 668 505,55 $FX !
:euro: :bar_chart:EA​:robot:31337​:chart_with_upwards_trend:’s delegations decreased from 5 528 297,44 to 4 809 644,00 $FX !
:euro: ContributionDAO’s delegations decreased from 5 085 015,36 to 4 962 077,49 $FX !
:euro: Blindgotchi’s delegations increased from 12 319 129,95 to 13 760 390,60 $FX !
:euro: 212th FX Battalion’s delegations decreased from 5 964 443,15 to 4 523 182,50 $FX !
:euro: European University Cyprus’s delegations increased from 15 823 180,54 to 16 541 833,99 $FX !

[16/01/2024 08:15]
:euro: Alif’s delegations decreased from 6 318 705,05 to 4 520 309,41 $FX !
:euro: Litecoin Foundation’s delegations increased from 21 592 217,56 to 23 390 613,20 $FX !
:euro: Cogni​:brain:’s delegations decreased from 5 740 437,83 to 4 504 125,46 $FX !
:euro: Singapore’s delegations increased from 26 532 577,03 to 27 768 889,40 $FX !

[16/01/2024 08:17]
:euro: Miami’s delegations increased from 15 668 505,55 to 17 144 511,25 $FX !
:euro: Blindgotchi’s delegations increased from 13 760 390,60 to 13 896 057,64 $FX !
:euro: European University Cyprus’s delegations increased from 16 541 833,99 to 19 784 460,91 $FX !
:euro: :fox_face:Fox​:fox_face:’s delegations decreased from 4 702 827,56 to 4 567 160,53 $FX !
:euro: FxWorld’s delegations decreased from 3 244 464,29 to 1 837,36 $FX !
:euro: Bucharest’s delegations decreased from 6 429 811,89 to 4 953 806,18 $FX !

Is January 16 whale restructuring day?

Aravan.

1 Like
2

I think this needs to be seriously investigated. I would like to understand the criteria used to distribute the more tokens to the top validators?

Alif has been in operation ever since main net, always participated in voting/forums and to see it drop from rank 25 to 38 is very discouraging.

Logically thinking, even distribution would be better for chain security as well. So someone please explain why this was done.

@lancelai @ByteXSylvia

3

@Keith is the above related to Baklava Team’s decision?

4

i checked the blockchain and it was undelegated by the hodlers and redelgated to baklava (which then redelegates to top30 or top 50 validators).

5

The redelegation was from the upgrade on Baklava’s vault. This decision was taken to minimize the slashing risk. They will monitor this and keep updating the vault.

You can refer to @JohnB’s post here: Baklava Space Proposal - FX Delegation Auto-Compound + Synthetic Asset Minting - #181 by JohnB

6

Public validators didn’t have enough voting power to meet the 40% quorum. Singapore, European University and Litecoin all got 15 million delegations more and all three don’t participate in votings. Are we taking steps back from true decentralization here ? @indra @zaccheah @DavidK

7

Hi Cop,

I understand your concern, and I have informed the Baklava team as well. As they mentioned, they will keep monitoring this and will update the vault.

1 Like
8

@indra

  1. This was indeed a bad reallocation choice, and I’m also surprised (even if tha’s not our focus) that FrenchXCore didn’t get more delegations as a result from this reallocation.
    If it was only due to Baklava’s focusing on top 30, all top 30 validators should have gotten more delegations, and this is not the case.
    Thus, there was an arbitrary choice to reallocate over FX foundations & partners validators only, and not top-30 validators.

  2. I’m still working on the FrenchXBot which should be able to tell what the history of slashing, block validation and governance voting of each validator is.
    If there was a “validator monitoring focused” specific FX message, or as a notation tool for validators, this could be a good basis as an input to all dApps to decide on which validators are best.
    Will keep you updated on this.

Regards
@FrenchXCore

1 Like
9

Hi @FrenchXCore, part of the reason this happened for my case is because when i redelegate on baklava, my delegation which was originally delegated to you is now equally distributed to other top 30 - 50 validators. This is my personal experience.

10

Thus, our delegated share should have changed…

11

yes, thus in my case when i redelegate, ur share would have reduced, and the top 30/50 other than u would increased. Again, this is for my case because i initially delegated to you only.

Again, u r doing a great job.

12

I can understand taking drastic measures to secure the network, but we have to go deeper into why things happened.

In my case, after the last update I couldn’t be online and I lost 6500 out of 20000 blocks but I wasn’t jailed.

If we look in detail, why wasn’t I online?

The update was chosen on January 6 or 7 (both holidays).

Why wasn’t there a third opinion? Several people complained that they were bad dates.

I repeat again, in my case, have 1.5M FX delegates been taken away from me due to this situation?

I have always been 99%/100% active and although I do not collaborate on the testnet network I always try to be in votes and in the group chat, although my knowledge is limited I have made an effort…

13

In some cases people are just moving their holding around, I’ve been in a process of making new wallets and shifting, you need to undelegated to redelegate to do that, not everyone’s in the BAVA delegations and like to manage their own, so the swing in levels can’t be totally readable by BAVA. just a thought