Thank you Ben. It’s great that the ICON Foundation has put much thoughts into enhancing IISS.
Bond Requirement: This is a fantastic idea. This will encourage the P-Rep to commit to ICON long-term development. I would also argue it will create a more stable network as larger amount of ICX will be staked. Agree with Brian about having the ability to store the bond in the ledger in lieu of storing in the hot wallet.
Vote Behavior: Rather than incentivizing voters to vote for lower ranked nodes, ICONex should provide a message display on the Voting page, clarifying that the reward is the same whether you vote to the main P-Rep or Sub-Rep. There are many investors who I had spoken with are misled and thought they would receive more staking rewards by voting to the Main P-Rep in lieu of the Sub P-Rep. ICON Foundation could build a recommendation tool to recommend the top 10 P-Reps with active nodes (This could be random or constructed).
In addition, in order to encourage voters to stay active, the reward system should behave like a decay log chart. For example, voters who vote/re-vote within 7 days will receive full reward (100%). However, if the voters are inactive longer than 7 days, their reward should be reduced based of the decay log with 100 days they receive 0 reward.
Contribution Proposal System: Agree. This system will demand active participation from the Main P-Rep. What happen when the Main P-Rep does not vote or abstain.
Contribution Allocation: Agree. Current reward structure is very linear. It would be great to reduce the reward for for higher-ranked P-Rep and use the delta to fund the “Contribution Proposal Fund.”