Proposal to define the Validator Selection Criteria and the Validator Set for stkATOM on the Persistence Core-1 chain

As part of the upcoming launch and homecoming of pSTAKE’s liquid staking solution for ATOM (stkATOM) on the Persistence Core-1 chain, we propose using the following criteria to determine the initial validator set that would be receiving ATOM delegations on behalf of pSTAKE users. For v1 of the product launch, we believe it would be ideal to keep the set as large as possible with a strong focus on validators that are active participants in the governance of the Cosmos Hub and can safely be a part of the active validator set of the Cosmos Hub.

The criteria being proposed for the selection of validators is:

1. Commission should be no less than 1% & no more than 10%
2. Must have participated in 15 or more governance proposals out of the last 35
3. Must be a part of the active validator set on the Cosmos Hub with more than 100,000 ATOM staked
4. Should not be an exchange validator
5. Must have an uptime of more than 95%

Running a simulation with the above-mentioned parameters, the output was a set of 62 validators which will be whitelisted to receive delegations via pSTAKE if this proposal passes. The link to the validator set can be found here: https://docs.google.com/spreadsheets/d/1qe-if9ELi6g1Q_OsKsfv9fQl1CWFz9tmuogyBrtxV-w/edit#gid=837957784

The link to the forum discussion can be found below.

Vote 'FOR' if you agree with the proposal Vote 'AGAINST' if you don't agree with the proposal Vote 'Abstain' if you would like to not participate in this proposal