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ICF ATOM Delegation

This repository summarizes the Interchain Foundation's approach to delegating its ATOMs.

Background

The Interchain Foundation (ICF) takes a conservative approach to all of its activity. As outlined in a recent blog post, the success of the network depends fundamentally on the actions of the wider community. This means the community of ATOM holders is responsible for ensuring the network is sufficiently decentralized and that community interests are adequately represented by the validator set.

That said, as a significant stake holder in the Cosmos Network, the ICF is interested, like other significant stake holders, in the success of the network, which includes the decentralization of its validator set.

To this extent, the ICF intends to delegate some of its ATOMs at some times in a way that encourages a healthy validator set.

Currently, 4 validators control one third of the stake and 10 control two thirds. ATOM holders are strongly encouraged to diversify their delegations to improve the decentralization of the validator set.

Delegating to GoS Winners

To begin with, the ICF intends to delegate a fraction of its total ATOMs to certain Game of Stakes winners that are active validators. All validators that received recommended ATOM allocations from Game of Stakes have submitted identifying information to the ICF and have proven their capabilities in hard won battles during the Game of Stakes competition.

To be eligible for delegation, such validators must:

  • have been recommended an ATOM allocation in the genesis file as a result of Game of Stakes
  • have less than 1M ATOMs bonded to their validator at the time the ICF computes its intended delegations
  • have bonded more than 50% of the ATOMs won during Game of Stakes to their validator

The amount delegated will be such that:

  • the validator will not have more than 1M bonded to them after the ICF's delegation, at the time the ICF computes its intended delegations
  • the total amount delegated by the ICF here is otherwise split evenly between validators

Disclaimer

The ICF reserves the right to change its delegations at any time. It may withdraw delegations from some or all Game of Stakes winners and/or redelegate to specific validators at any point in time without any reason. Further, no validator may assert any claims against the ICF to delegate ATOMs to them. The ICF is under no obligation to delegate its ATOMs.

This document is for information purposes only with regards to the ICF's intention and is not binding in any way.

Recomputing the Delegation Amounts

The recommended GoS ATOM allocation can be fetched from the launch repo:

curl https://raw.githubusercontent.com/cosmos/launch/master/accounts/icf/gos.json > data/gos.json

The resulting delegations from the ICF, according to the above criteria, can be computed from the main.go file in this repository, by specifying the total amount of ATOM to be delegated. For instance:

go run cmd/delegation/main.go 200000

Note you must first run dep ensure once to fetch the dependencies, and you must have a locally running and synced gaiad node.