- Community stakeholders have expressed worry about the proposal’s potential for centralization.
A suggestion to shorten the unbonding period for staked DOT tokens is being offered for feedback by two researchers at Web3 Foundation, the company that created Polkadot.
On June 19, Jonas Gehrlein and Alistair Stewart, the Web3 Foundation’s head of research, presented the proposal to the Polkadot Fellowship committee.
The suggestion
In order to improve user experience and preserve network security, the proposal presents a customizable unbonding method for Kusama’s KSM token and Polkadot’s native DOT token.
The reduction of the minimum unbonding period from 28 days to 2 days is the proposal’s main feature.
The unbonding lengths, the researchers added, will expand based on the volume of requests in the queue, but they won’t go over the existing 28-day limit.
Should the idea be accepted, it will speed up the unbonding process without compromising Polkadot’s capacity to cut tokens supporting malevolent validators. Tokens won’t unbond instantly as a result, but the process will go much more quickly.
Meanwhile, other locks, such as governance locks, remain unaltered as the plan only addresses staking locks. Prior to deploying the model on Polkadot, the researchers advised piloting it on Kusama.
Community Issues
Cofounder of the Polkadot-based Liquid Staking protocol Bifrost Lurpis Wang voiced worries about the proposal’s possible centralization dangers. He maintained that the centralization problems associated with the liquid staking protocol would not be resolved by shortening the unbonding period.
Cofounder of Hydration Gregus Jakub expressed similar worries about potential centralization problems associated with the proposed idea.
Gehrlein responded by emphasizing that the plan seeks to enhance user experience without jeopardizing providers of liquid staking.
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