During the governance voting period for the Finschia X Klaytn mainnet merge proposal (KGP-25/FGP-23), we have designated the top three validators with the highest average delegation as recipients of the community support package. We are pleased to provide detailed information regarding the specific delegation amounts and staking periods for these selected validators.
Community Support Package Details
The Community Support Package is a 12-month initiative by the Kaia Foundation aimed at supporting the growth of early Finschia communities with high user voting participation within the Kaia ecosystem. The primary objective is to enhance these communities by providing Voting Power (VP), thereby ensuring that user perspectives are more effectively reflected in governance decisions. Rewards generated through delegation will be distributed to all delegates associated with the respective nodes, including both validators and delegating users.
Support allocation is determined based on the proportional delegation ratios relative to the average FNSA deposits of the top three validators during the proposal voting period. Consequently, the top two validators will each receive 3 VP, while the third validator will receive 1 VP. The total support amount has been set at 35 million KAIA and will be administered through the Kaia Ecosystem Fund (KEF). At the end of the support period, the fund will be reinstated to the KEF.
Support Period and Quantity
> Support Period: From the launch of the Kaia chain, for 12 months
> Support Quantity: A total of 7 Voting Power(VP, 35M KAIA )will be distributed to the top 3 entities (1 VP = 5M KAIA)
- BUGHOLE: 3 VP (15M KAIA)
- GoodGang Labs: 3 VP (15M KAIA)
- Neopin: 1 VP (5M KAIA)
Support Conditions
However, in alignment with the objectives of the Community Support Package, selected validators must consistently maintain a specified level of user delegation. If the ratio of user delegation to the validator’s own capital remains below tenfold for more than three months within the 12-month period, the community support delegation will be suspended. For clarification, “validator’s own capital” refers to the quantity of FNSA tokens each validator purchased upon joining the Finschia validator program. Specifically, each validator initially acquired 10,000 FNSA tokens, which is approximately equivalent to 14,807,965.6 KAIA.
> Support Conditions
- Maintain a ratio of user delegation to self-capital at tenfold or higher
- If the ratio of user delegation to self-capital remains below tenfold for more than three months, the community support delegation will be halted
> Basis for self-capital
- The amount of FNSA purchased when joining as a validator (10,000 FNSA)