Reducing commission

[rodenvk]

To cover our expenses to run our validator nodes, we set our validator commission at 10% in June 2022. As the price of the SOL token has significantly increased since the end of October, we plan to reduce the commission to what is required to remain profitable.

[rodenvk]

Commission reduced to 7% on 2023-12-05 at the beginning of epoch 543

[rodenvk]

Profits per epoch when running at 7% commission: 543: 0.41 SOL 544: 0.36 SOL 545: 0.56 SOL 546: 0.73 SOL 547: 0.68 SOL 548: 0.64 SOL

Average of 0.50 SOL per epoch This is still to high to attract stake. Decision to reduce the commission at the beginning of epoch 549 on 2023-12-21

[rodenvk]

Profits during epoch 549 running at 5%: 0.44 SOL Decision to reduce it at 3% for epoch 550 on 2023-12-24

[rodenvk]

We are now eligible to Marinade Stake Delegation Program and have started to receive Native Marinade Stake activating during epoch 552

[rodenvk]

Epoch 552: 1582 SOL delegated through Marinade Native Pool

Profits at 3% commission

• Epoch 550: -0.22 SOL
• Epoch 551: 0.06 SOL
• Epoch 552: 0.17 SOL
• Epoch 553: 0.15 SOL

[rodenvk]

Profits at 3% commission:

• Epoch 554: -0.27 SOL
• Epoch 555: -0.22 SOL

We are still not in the TOP100 of Jito Delegation Leaderboard. Last rank during epoch 554: 127

We will ask BlazeStake for delegation

[rodenvk]

• Epoch 556: -0.47 SOL
• Epoch 557: -0.38 SOL
• Epoch 558: -0.53 SOL
• Epoch 559: 0.51 SOL
• Epoch 560: 0.29 SOL
• Epoch 561: -0.14 SOL

No reply from BlazeStake, but we are now eligible to receive stake from Jito. We've been ranked 46 at epoch 560 metrics (with previous 10 epochs data)

[rodenvk]

There is now a 0% commission war between validators to remain eligible for stake delegation from main pools (Jito, Marinade, ...) Our validator will reduce the commission to 0% at the beginning of epoch 569 to remain in the TOP 100 on scoreboards

[rodenvk]

Commission updated to 0% at the beginning of epoch 569. Transaction: 5pBWnAwWNh8Xra83LatoVH9jn8op4wdooeprHjPMzGo7dRKY5SaS425TqJ9JhD2vezgsHkhRPjnoKKGrwPhEezc3