HIP-30 Network Optimization & Token Emission Split

Introduction

This governance vote is to boost network efficiency while accelerating recovery and ecosystem growth.

For details, visit https://talk.harmony.one/t/hip-30-validator-network-optimization-and-token-emission-reduction/22

Proposal

HIP-30 presents a full improvement to our network with the following changes:

1. Splitting the annual token emissions between staking and recovery proportional to the number of nodes where the emission per BLS key remains constant.
2. Reducing the number of shards from 4 to 2.
3. Decreasing the total number of nodes from 250 to 200 for Shard 1 to actively develop towards 1-second finality.
4. Minimum validator commission raised from 5 → 10%

The mandates, members, and operating structure of the Emission DAO will be put forth in an additional governance proposal by the end of the first year of allocations.

Achieving quorum

1. Capture the total_stake and validator_stakes from all validators in the network at a given block.
2. Ensure that the sum of all votes (Yes/No/Abstain) received is at least 50% of the total_stake, excluding stakes from known CEXs and large validators who do not wish to participate in governance. (Up to today, only Binance stake are excluded)
3. Achieve a 66.67% consensus vote (Yes) based on the voting pool in point 2.

Feel free to ask any questions in https://talk.harmony.one/t/hip-30-validator-network-optimization-and-token-emission-reduction/22562