Validators in TON are dying out
As you know, the TON blockchain is powered by validators. To become a validator, you need to have a minimum of 300K TON for every second cycle, or 600K for every cycle. Recently, the TON Core team began the process of eliminating underpowered validators, and later introduced penalties for poor performance.
However, the changes didn't end there.
Due to the growing number of validators, active competition for market share has begun: the bigger the validator's steak, the more operations it processes and the higher its revenue. Since the maximum number of validators is strictly fixed in the configuration of the TON blockchain and is 400, validators that are not on this list simply do not participate in the network.
Currently, the minimum steak of a validator occupying the 400th position is 414K TON. You can check at tonscan.org/validators. This means that nominator pools, which were previously heavily advertised as an easy entry into validation for all comers, have simply dropped out of the process, and users who invested their TONs are not receiving any income. You can check out such ones at tonvalidators.org, but there are only those here that have been approved by the TON Foundation, in fact there are many times more.
What is particularly notable is that neither the TON Foundation nor TON Core have commented on this situation. Their validators are still working, and they are willing to build up their steak to increase their influence on validator elections. Meanwhile, participants with smaller steaks, are simply left without income and access to voting. People could, for example, put 10K TON for 3% APR into a nominator pool with 350K TON, and today they are already without income because they are off the list.
If you have ever participated in nominator pools, check if your pool is working now and move your funds to more profitable protocols.
@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.
As you know, the TON blockchain is powered by validators. To become a validator, you need to have a minimum of 300K TON for every second cycle, or 600K for every cycle. Recently, the TON Core team began the process of eliminating underpowered validators, and later introduced penalties for poor performance.
However, the changes didn't end there.
Due to the growing number of validators, active competition for market share has begun: the bigger the validator's steak, the more operations it processes and the higher its revenue. Since the maximum number of validators is strictly fixed in the configuration of the TON blockchain and is 400, validators that are not on this list simply do not participate in the network.
Currently, the minimum steak of a validator occupying the 400th position is 414K TON. You can check at tonscan.org/validators. This means that nominator pools, which were previously heavily advertised as an easy entry into validation for all comers, have simply dropped out of the process, and users who invested their TONs are not receiving any income. You can check out such ones at tonvalidators.org, but there are only those here that have been approved by the TON Foundation, in fact there are many times more.
What is particularly notable is that neither the TON Foundation nor TON Core have commented on this situation. Their validators are still working, and they are willing to build up their steak to increase their influence on validator elections. Meanwhile, participants with smaller steaks, are simply left without income and access to voting. People could, for example, put 10K TON for 3% APR into a nominator pool with 350K TON, and today they are already without income because they are off the list.
If you have ever participated in nominator pools, check if your pool is working now and move your funds to more profitable protocols.
@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.