← All updates

ValidatorsValidators1 min read

Project Capybara: the self-stake bar for Foundation delegation keeps rising

The self-stake minimum for Foundation delegation follows the validator distribution. 5,000 XNT today, 20,000 XNT from 27 October.

Jack LevinJack Levin · X1 Labs ·

X1's Foundation delegation program does not hand stake to every validator that asks. Since June it has used a percentile rule, nicknamed Project Capybara, to set how much of their own stake a validator must hold to qualify.

What it is

Under the rule, the self-stake minimum follows the distribution of self-stake across all validators instead of a fixed number set once. As operators add stake, the bar moves up with them. X1 Labs moved the bar to 3,000 XNT in June; the program's live configuration now sets 5,000 XNT, and the next step, to 20,000 XNT, takes effect on 27 October.

Why it's good for X1

  • A fixed low bar invites nodes that stake the minimum and collect delegation. A moving bar rewards operators who back their own validator.
  • It is self-adjusting. The program does not have to argue for a new number each time; the data sets it.
  • It gives XNT a job: operators who want Foundation stake have to hold and stake more of it.

What to watch

  • The bar can rise faster than small operators can keep up, which concentrates Foundation stake.
  • Self-stake is one of several criteria. The program also checks commission (10% or less), vote credits, skip rate, client version and a per-validator stake cap.

What to do

Check your percentile, self-stake and status on https://delegation.x1.xyz. The configuration behind it is public at https://api.delegation.mainnet.x1.xyz/v1/config.

Sources