BIG PROBLEM with P-Rep Governance Model! We need to solve this right now!

That was a good read, it kinda talks about the elephant in the room.

Our team has already talked about it here https://forum2.icon.community/t/contribution-proposal-deficon-icon-decentralized-finance/376

The current Stake and reward distribution model need to be revisited as it relates more to the traditional Proof of Stake (POS) or Delegated Proof of Stake (DPoS) rather than the intended Delegated Proof of Contribution (DPoC) governance model. For the various reasons that will be addressed later in the paper, the Proof of Contribution is showing characteristics of a rather restrictive model where reward/return rates are favoring the “lazy” nodes.

During our work the foundation came our with IISS 3.0 changes and announced CPF so we kinda sidestep with the continuation of the proposal. We give them credit for coming up with the changes as it was a clear sign they recognized the problem too. Both proposed changes were more than positive.

In general, our team is supporting accountability and transparency from day one as it is a clear contribution indicator.

I am still positive as I am waiting for IISS3.0 and CPF to be implemented and I do hope that after reading discussion like this that Foundation will ensure these improvements come out soon.

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