$ONE fam - As a reminder all @harmonyprotocol validators w/ over 100 epochs elected will be forced to 5% commission on epoch 731 (currently on 728). New validators can run 0% for 100 epochs before being forced to 5% as well. #HarmonyONE #ONE Passed governance proposal belowπŸ‘‡ RT!

8:39 PM Β· Oct 14, 2021

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5% fee is still fine imo, it's not like running a validator is free either and i'd rather pay 5% fee for a transparent validator that is active on social media and notifies me if something is up/about to change rather than 0% for a ghost.
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I'm a little biased but......this is the wei!
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How are the stakers charge the 5% fee? Everytime time we delegate and undelegate? Is the fee for the amount u are staking?
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The fee comes out of your rewards earned. So for example if you earn 100 ONE in a day you would get 95 and the validator would get 5.
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This helps with decentralization, right? basically encourages people to switch to new validators
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One of the potential effects could be delegators moving stake. Some delegators don't want to pay a fee and others stay with the validator(s) they trust. It'll be interesting how it plays out...
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To clarify 5% will be the minimum commission, validators can choose to run a higher percentage.
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The difference between 0% and 5% is insignificant to the delegator.
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You are going to keep it at 5% right?
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Absolutely! Screenshot this!
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