What does it mean for a validator to participate in governance? Are they following current best-practices? If you work at a validator (or are considering one to delegate to), you can use the following questions to conduct a quick assessment.
For independent assessment of validator participation based on the questions below, please contact [email protected].
Self-assessment questions
- Does the validator vote at all?
- Does the validator vote on…
- protocol upgrades,
- grant applications / community pool funding,
- general referenda that don’t fall into the above categories, or
- all of the above?
- Does the validator have a consistent policy when voting? Is this policy public?
- Does the validator have a consistent policy on when it does NOT vote? Is this policy public?
- Does the validator participate in forums, chats, and other media related to the chain?
- Does the validator post justifications about important or controversial proposals before voting?
- Does the validator hold some percentage of revenues in native tokens?
- Does the validator share commissions with delegators?
- Does the validator white label, and is that disclosed to delegators?
- Does the validator have internal coherence on values and mission within its team?
- Does the validator create proposals?
- Does the validator regularly comment on proposals and give feedback?
- Does the validator have a consistent policy when communicating to delegators?
- Does the validator actively work with the foundation team on protocol improvements and protocol upgrades?
- Does the validator have a redelegation policy?
- Does the validator audit protocol upgrades related to the chains it supports?
- Does the validator publish accessible information on its governance participation, staking activity, and other policies?