Soon (hopefully tomorrow) I’ll stop validating for one-two eras in order to move the Team Multiplier-backed node to a new validator address (which I refer to as XX-VALIDATOR-3 or “XXV3”).
You can see my current nodes and addresses in About.
What do these changes mean?
First, any nominator who currently nominates XX-VALIDATOR could stop nominating if they’re afraid they might miss an era or two in returns.
Second, what the changes enable is let Team Multiplier-backed validators (such as my first node) move validator to another address (in my case, XXV3) so that their original address (in my case XXV) can be used to nominate their node (XXV3) as well as nodes from other validators.
Third, because of these changes, I will be able to use excess funds from XXV, which so far have been “stuck” at that node/address, to nominate my second node, XX-VALIDATOR-2 (XXV2).
Whereas I used to have a shitload of coins on the first node (although I usually did not bind them all), I couldn’t really use them - for weeks I’ve had > 150 K xx just sitting there - until now.
Last week - after getting a strike for non-malicious behavior - I fully deployed current stake on XXV so now the situation looks like this:
- XXV - 325 K validator stake - 18% (TM-backed)
- XXV2 - 32 K validator stake - 08% (no TM)
After XXV’s validator address changes to XXV3 and a 4K xx infusion to XXV3, the nodes may look like this:
- XXV3 - 125K in own stake (4 K validator stake + 121 K nominator stake from XXV)
- XXV2 - 125K in own stake (32 K validator stake + 93 K nominator stake from XXV)
- stakes in 3rd party nodes - the rest (around 100K xx)
Phragmen, however, may have its own opinion about how it splits my nominations, so it’s just a rough idea of how it would ideally work after this change is done.