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Validator & Staker Incentive Program
Recorded: June 27, 2025 Duration: 0:52:40Space Recording
Short Summary
In a recent discussion, NIR and HotDAO unveiled a strategic partnership to launch an ASTIC incentive program aimed at enhancing validator rewards and network growth. The proposal includes a reduction in emissions, new yield opportunities through boosted APY for locked tokens, and a significant fund for large validators, all designed to foster a more robust validator ecosystem.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Obrigado. E aí two
E aí E aí E aí Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Hi everybody, can you all hear me? Welcome to this space talking about validators and an ASTIC incentive program. So, you know, NIR is the team of HotDAO
is proposing a reduction of the emission
of the NIR network to the hub.
It's gonna pass from the 5% emission to the 2.5%.
And as you all know, this can affect the emission to the 2.5%.
And as you all know, this can affect the rewards. This is gonna affect the APY from the entire network
and the reward from the validators.
So we are with a little technical issues with Lucio
that is the co-founder of Metapool.
He's here like co-host.
And here we have the team of NIRWIC supporting this MetaPool initiative, this program to
incentivize all the validators and incentivize all the stakeholders, so NIR continue with
the normal growth of the network.
I'm here. So can you hear me or is there too much noise?
Yeah, I can hear you perfect.
Okay, great. I can help but I'm in the wrong hotel lobby in Monaco, having to go to a conference in a few minutes so I will try to do my best but not in the best place.
Yeah perfect, don't worry.
So let me share the link of our proposal is now posted on the NearGo Web Forum.
is now posted on the NearGovern forum.
Francisco, I don't know if you're here,
you can share the link in the message
so everybody can take a look.
This basically is an incentive proposal
for all the validators,
all the active validators in the Near Network.
This proposal is based in three different mechanisms.
One is the possibility of the stakers to lock up the NEAR tokens
going to one to six months.
By locking the NEAR tokens, they're going to receive an extra,
let's say an APY boosted, a boosted APY.
So, we have the last day, we will see the hot DAO proposal, we have a lot of work making this a reality, this proposal.
making this a reality, this proposal, so we can support all the validators of the network.
This is, as I was saying, this is one of the three mechanisms that we are proposing,
the locking year for a period between one to six months.
It's important the time period of this because then we're going to have the House of Stake
governance system and there is going to be more opportunity for the validators and and as you know house of stakes has their own token
or their own voting system with the vmr token so for not the for not the interfere with the house
of stake that's the the the period that we set up with. One to six months of lockup is going to have an extra APY, a boosted APY.
It's going to be up to 59% of the regular APY.
Remember, the regular APY of the Neonetatal is going to be reduced to the half so i don't have
here sorry i i don't want to put it to the job here and i don't have the exact numbers let me
let me open the the entire proposal if i remember from the proposal it was like 6.6 or 7%.
6.6, yes, 6.6.
Something interesting about this first mechanism that I want to explain,
the local mechanism, it's that the 20% of this extra APY is going to be for the validator.
API is going to be for the validator. So the user, the sake is going to receive the 80% of the
extra API, the validator is going to receive the 20% of the extra API.
Continue with the second mechanism. The second mechanism, we divide the two next mechanisms
for all the validators depending on their total stake. So we have for small validators
a new mechanism and for large validators another mechanism. I'm'm gonna explain now the small validator mechanisms.
This mechanism is, it was thinking in the first time
for supporting all the operation,
all the infrastructure costs for the small validators.
As you know, validators need to have their own infrastructure, the renting and virtual
machine every month.
So for these mechanisms is to help this validator to support their operational cost. So we have the entire program that includes these three mechanisms I'm going
to explain. It's going to have a duration of six months. Then we want to have the house
of attack. That's how I want to clarify. These mechanisms are small validator has an extra NIR tokens for meeting some OKRs Okiers or some technical Okiers, like having a good uptime, having lower fee, bringing
new stake to the network.
And with this, we're going to make a small validators 100 year for the six months.
So every month the small validator is gonna be scoring in this table and then at the end of
the six month we're gonna send all these validators up to 100 near tokens this is for all the small validators in
the network small validator is 150 000 near tokens or less uh franzo if this this is 100 total or X amount per month?
It's up to 100 year total for the six months.
And then we have in this same mechanism for the small validator tokens this is a bonus for each for the validators who can bring
to the network 100 000 year tokens for three months for free continually month so if you are a small validator and you bring 100
thousand year tokens uh it's keep it's a good plus for for continuing the the
near ecosystem and the near network okay okay to recap then it's a fixed amount
for let's say completing the OPS and keep the validator running properly and
there's an extra bonus if you manage to get
the stake correct get extra stake yeah that's correct that's that's correct uh you can show
the the mechanism uh was playing in the in the near forum i recommend everyone go to there and take a look.
You're gonna have the link, I think, in the comments,
but if you're not, you need to go to the Near Forum,
go to the House of Stakes section governance,
and there you have our proposal.
Sorry, I have a little flu.
Talking about that, that's the second mechanism.
The second mechanism, I need to add to the second mechanism
that it's gonna have an extra 100-year tokens.
This extra 100-year tokens for the six months for every small validator.
It's going to be for the small validators that are reaching 40,000-year tokens of direct stake.
Direct stake means that it's not a stake delegated by linear or Metapool or for the near foundation.
It's near stake.
It's mainly stake for stakeholders, regular stakeholders.
So if you're not reaching 400,000 or near stake, you want to receive an extra up to 100 of an extra NEAR tokens.
As I would say before, it's for trying to help you
with your operational cost.
This is for the small validators.
The first one, the first mechanism, sorry,
Sorry, it's for the large validator.
is for the large validator.
This is very interesting.
This is very interesting.
Again, in this mechanism for large validator,
large validator is 150,000-year tokens up.
It's including all the validators of the network,
but something important on the mechanics is
you're gonna need to register your validator in our site.
Then we're going to provide all the information.
But for participants, every validator can participate, every active validator can participate,
but need to be registered on our site.
So we can make the tracking of these activities.
For example, the large validator.
The large validator is gonna have a discount pool
of NIR tokens.
The discount rate is up to 55%.
So it's a very cheaper NIR for buy.
How does the big validators purchase this near?
Basically, they need to performance
and making a score in some of the following points.
So for making points,
they have to bring new stake to the network.
The second parameter that we are looking is bring new,
look at the stake to the network,
look at the stake for the first mechanism.
The first parameter is the uptime.
It's important for the new network, for the security,
the network for the good performance
of all the entire network,
that the validator has a good uptime.
And the fourth parameter for earning points,
it's the fee also.
It's important for us, for Metapool, for NIR,
or for all the ecosystem that the validator has
the smallest fees as possible.
We want, obviously, as Metapool, as validators,
we want to, everyone can earn money doing the
validator job, but it's important in this program
that the fee retention, the fee percentage that
your validator has, it's not a number that is impossible
for the new stakers. The idea of this is helping validators and helping bring more new stakers
to the network. So basically, we want to, in these six months, we want to take the scores, the points that every validator turns.
We want to split that point or transforming that point in a shared capacity of the pool that you can, this 600,000 year tokens pool
that we wanna have with the count.
So you wanna have a share of the pool for purchase year.
This share is based on the total point you are earning
in the total six months.
So for large validator is important to attract new near, locate new near, give us
a good uptime in the network and give us a good fee, a fee percentage.
So if I understand correctly, Francis, to recap, this is the biggest uh let's say price of the biggest pool
if you like if i understand correct me please if i if i'm if i'm missing something it is 600
okay yeah correct that some validators will be able to purchase at at a very big discount like 50
big discount like 50 percent a 15 percent discount yeah up to 15 15 15 15 sorry sorry sorry 25
percent this girl 25 to 5 okay that number is important okay okay we are already not right now
that at 10 10 extra 25 percent discount guys 25 percent okay if i remember correctly you get that discounted
nia but you need you you get it locked for 12 months correct because it's not
correct and this is for large validators only yes this is only for large validators the validators
need to earn all the points or
scores that they can earn in the period of six months. Then with that point, it's going to be
the share that they can purchase of the NIR with discount. That's basically the NIR. The pool is going to be open at the end of the program.
So it's basically that it's important that this year that the validators can purchase
with the discount is going to be subject to a 12 month lockup.
And yeah, basically with this 12 month lockup, but it's going to be a very cheap year.
So it's a great opportunity to the validators.
This year that they can purchase, it's going to be staked on their validators, so they
will be earning more in their validator so
it's like a win-win for for everybody
so this is the the free mechanics that we are proposing the first mechanism is a i want to
repeat the first mechanism is the boosted apY with the lockup mechanism with the lockup
near so you can lock up near for one to six months and get an extra boosted APY.
The second one is for smart validators. This is how we want to support validators, giving some extra near tokens, 100 extra near tokens.
And if you are reaching 400,000 near tokens on direct state, you have an extra 100 near tokens
for the entire six months up to 100 near tokens. And in this mechanism for the small varieta, we have a one-time bonus of 750,000-year tokens.
For the varieta, it's increasing their stake by 100,000-year tokens for three consecutive months. okay that's a good tip months that's seven five zero seven five zero yes
seven five zero near token seven hundred fifty in your tokens uh and the the third one the first
mechanism for all this in entire program of incentive is for the large variator that they're going to have this big, big pool
with a discount to up to 25%. So they can buy a purchase near with a high discount.
discount. Besides of that, this is the proposal that we are making. Besides of that, remember
that we are with Node Studio. Node Studio is a platform, an app that helps validators to
make their operational costs lower because it's all in one,
or it's like a validator as a service platform
where everybody can make their own validators
and running a validator node
without any technical knowledge for only $29 per month.
knowledge tech with any technical knowledge for only $29 per month. It's a very cheap option for
the new validators and it's a very cheap option for validators in the active set that want to
transfer their infrastructure to more cheaper machines.
You can go to the no studio.metapool.app and learn more about that.
Take a look on that. It's a very amazing product that we are right now working on the onboarding of new validators on NEAR with this product.
This product is working right now. So go and take a look. If you're interested,
if you want to be a new validator on the NEAR ecosystem, you can fill out the form that is in
the website of newstudio.metapool.ad and we want to make contact with you and start the the process
uh so i have alan here as a speaker as well alan something to add on this
Well, hello everybody. I think it's worth to have a recap on what we have been facing
in the past. Well, basically, Metapool has been here since four years ago.
I can kill you more Alan.
Looks like we lost Alan. No, it's coming back.
Okay, let's wait a few seconds for Alan.
Send it here too. Send it if you want to share something with us.
No, no, no. I was just trying to say that it's wrong.
If I have questions, I'll let you guys know.
Okay, perfect, Senni.
So let's wait a few seconds for Alan, he's gonna try.
I don't know if here we have some validators of the network, if they can...
Can you hear me?
Yeah, right now, can we hear?
Okay, yeah. I was saying that it's worth to have a recap about that have happened on this side of the ecosystem.
So four years ago, it was harder for anybody to become part of the validator set,
firstly because it was limited the number of validators to a maximum of a hundred validators that can be in the active set.
Also, there was a higher amount of tokens that was required for anybody to become a validator.
And with this, also the hardware costs were higher than the ones that we are running right now on Node Studio.
On 2022, with State Wars 3, we have an opportunity to increase the number of validators that
were active on the active set by assigning a delegation to all the validators that were interested to participate on it after completing a successful amount of that we were facing to become part of the network.
And also, we have this incentives program where we are motivating the new validators to become part of the network.
And at the same time, based on the voting delivered by hot Dow, that implies the reduce on inflation. We are taking action
so we can avoid to have any real impact inside of the validators ecosystem. So I think that
that was our role inside of all of these conversations and narratives that
we have been involved.
We are the ones that are participating the most with validators.
If you remember, we have more than two years that we launched also our voting system that allows anybody to have an extra delegation from the Metapulse smart contracts.
This implies that 25% of the TBL that we have on the protocol is now being delivered through the voting system
that allows anybody to vote by the validator that they prefer,
even their own validators. And with this, the possibility to have an extra delegation that
can increase their participation on the network. So it's irrelevant. I think that for anybody that
is participating as a validator to become part of the discussions
and conversations that we have right now happening inside of the changes on the inflation also
on the changes on the programs that we are launching so that you can be aware and you can also
take a lead on being active inside of this program so you can take advantage of them
and also support your operation as a validator. So the people that is more active and more
close to the conversation surely will be the first that will be participating inside of this program.
And based on that, they can be, well, they can avoid the horse of any changes inside of the network.
But more than that, they will be able to also stabilize the way of how they are attracting delegation to the validator.
the way of how they are attracting delegation to the validators.
So, well, I think that's like a big question of the past, but thinking on the experience
that we have on this past week, we have also the opportunity to support the validators.
That's something that we will be making on the coming months.
So let's just stay aware of what is happening and, happening and the invite is that follow us and we will be sharing all the information about how we can support you to become a better validator.
Yes, thanks, Alan. And it's important to all the active validators, the new validators that share your thoughts, share your opinion on the Near Governance Forum post.
Go there, read all our posts, our proposal. We want to know your opinion.
post our proposal. We want to know your opinion. We are trying to make a change on the proposal.
Is something you're thinking is not working well or is it going to be bad for the validators?
Please share your opinion there in the comment section.
We hope the weather for the near ecosystem and we are working so hard for making near a better place
for all the validators, all the stakers
and the growth of the ecosystem.
I don't know, Lucy, if you are here,
you can give us a final words for this space or we can present the...
Yeah, yeah, I can just a clarification. We want to have all these ratings in case the proposal passes.
I gotta check again how is the sentiment there in the government forum.
But in case that this proposal passes, we want to be ready with this program in order to soften any impact on the validator.
This is not only me. I remember a couple of months ago there was also a proposal to reduce inflation in solana and i guess all the chains
will have a similar proposal seems to be uh let's say a balance between inflation and token value
and selling pressure if i understand correctly the the arguments for this proposal is that the near token itself will become
more valuable since of course you have less amount of inflation every year every year each year so
let's hope uh everything goes well if if the proposal passes or if the proposal
if if the proposal passes or if the proposal is a no-go anyhow we will have you covered
by continuing how things are right now or by activating this program that will create more
incentives in order to reduce any harm that the proposal can do to the validated community. I don't know if there are some questions.
If you want, we can answer the questions or close it up.
Thanks.
Yeah, here we have your answer a little bit of that.
Is Manza asking, will this proposal, will this program be active soon?
Or will it need to to through a governance process
this program is mainly supported by funds by near foundation it's not something that the
dow will will spend the tokens in we don't have those amounts like like you you will say in the
amount like like you you were saying the six 600k near tokens sold at 25 discounted so it's a ton of
money so we are negotiating this negotiating this programs with the near for this but it's not our
our let's say our money or our decision to make if the proposal passes we want to be ready but in my imagination is
as soon as we are the proposal is confirmed uh we gotta launch this in order to to reduce the impact
we cannot i guess wait two or three months in order to to let's say prepare the program on launch slowly if the proposal passes i think it will be
effective at the end of july for revenue and then we gotta be we gotta be ready with this
prayer so no in this case since those are the funds that that are being used for this are not
our funds there is no DAO proposal to vote.
Yes, yes, that's correct.
Zeni, I saw you with the hands up.
I know you have the speaker phone, so if you have any question, there's no any other question in the chat
so let me know you have a question so if not we can we can close this space remember you can
contact metapool in other the medias here on linkedin go to the discord if you have more
questions go to the discord section, to the validator section.
There you can put all the concerns that you have.
If you want more private questions, you can make a ticket on the Metapool Discord.
And thank you all here for listening.
Thank you, Nirwwig, for being here. And all the other guys that work here.
Zenit, want to talk?
Yeah, I wanted to ask about the Discord link. I'm not in the Discord chat. Yeah, so i can join and be part of this community
okay perfect yeah we're gonna share the the invitation link for this girl here in the chat i
think if you can frank and can send the invite and yes go go everybody for the Discord, go to the NIR forum, to our proposal, put your comments there,
and we're going to be reading all the comments and giving feedback and making, as we say,
making this proposal if the reduction is going to be a reality, if that's happened. We wanna make this proposal real too.
So thank you very much all of you for showing here.
We see you next time.
Bye bye guys.
Good to you so.
Bye bye everybody, everyone.
Thank you for being here.
Thank you, guys.
Have a great day.
Thank you, Joel.
Have a nice weekend, guys.
Bye-bye.
Thank you so much.
Bye-bye. Bye bye. Thank you so much. Bye bye.
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