[PLANNING]: TokenJenny.ONE Validator

J_H

Still in the conceptual stage, thoughts:

Folks delegate through the TJ website. However it's not a standard delegation. It's a mixture of delegating ONE to the validator and locking JENN to do so until they withdrawal.
All of these delegations are handled by a smart contract that keeps track of how much they've delegated, so it knows how much of the rewards to throw their way.
TJ keeps 50% of the fees.. The other 50% are returned to everyone based on how their delegations are handled.
When they're being returned they can be set to auto compound or not for each wallet, so it won't need to be babysat.
The rewards are accompanied by JENN along with the ONE from delegation.
Instead of returning or auto compounding rewards, we can introduce something like cake.monsta does with taking the ONE from rewards, putting it in a vault and at the end of a time period (voted on), those rewards are released to delegates based on their delegation weight.

TO DO:

IN PROGRESS:

COMPLETE:

Frate

J_H i am not sure i understand correctly - they need to lock JENN so you kinda borrow them ONE to stake with your validator? Or you the idea is different?
Because if this is correct, than it makes sense to have it as a tool for others and also to have as option targeted validator's fee sharing:

for example i am setting a validator now, so having a contract that will automatically send a specified amount of coins from treasury wallet to my governance token holders or NFT holders would be useful.
This will be useful for marketing purposes for any company, not only validators.

Coach_Kent

Frate They lock their Jenn up and they receive a portion of the validator fees based on their amount of ONE delegated. Also, they can only stake based on their jenn locked, i.e, 1 jenn locked for 5 ONE delegated

J_H

Frate These are just hypotheticals that I'm throwing out on how to run it. But this would require they deposit JENN with a preset ratio to ONE when they delegate.

Another idea I had was:

Set it up to require JENN & ONE at a 1:20 ratio (for every 20 ONE you must deposit 1 JENN). Have the rewards earned from the validator go into a pot, and then distribute that pot once every month based on your delegation weight. Or distribute it based on tiers of how much and for how long. Fully incentivizing those to hold it longer.

But the validator is a no brainer, if it can generate for TJ and utilize JENN in staking towards it to reward those staking, it's a win all around. I think it's a great topic for the community to comment on, considering it'll be built directly into TJ on working with it, etc...

Frate

J_H agree - this fees have to go into a distribution pot and further to those who locked their JENN.
Same time if this tool would be available for others - you may earn much more.