Hey, everyone, I’ve just discussed IISS 3.0 with Scott and here is a quick overlook and the explanation why we approve the general direction of the IISS 3.0 that being said we hope to see small changes or adaptions to the proposal
The bond: We generally approve of the bond but we would like to see that the bond requirement should be eased in over a longer period of time to not completely halt the teams of their progress and maybe introduce a gradual increase over time staring with 1% and increasing each month. Also, the possibility of a % bond with a maximum amount was discussed because of the concern of whales delegating for P-reps to stop them from being able to claim the rewards.
CPF: We were on the same page with CPF. We believe that more rewards should go towards actual contribution than just running a node and there is still quite a good incentive for P-reps to run a node and confirm blocks.
Once it would be implemented if being a P-rep would required a lot of extra work of reviewing grant applications we would like to see the rewards for main P-rep to be increased.
Overall we think this is a step in the right direction, we will continue to monitor all the adaptions that are going to be made to the proposal.