Polygon Validators are About to Lose Their Staking Status

Polygon rushed a governance proposal to keep validator SLA requirements at a reduced 95% performance to save them. Read for more info.

Posted by by Munene Kelvin
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  1. 25 out of 100 total Polygon (MATIC) validators are about to lose their staking status.
  2. Yesterday, the MATIC team let off around 20% of its personnel.
  3. A validator must approve 95% of the median average of the previous 700 checkpoints.

According to a recent report, 25 out of 100 total Polygon (MATIC) validators are about to lose their staking status due to yesterday’s outages. In addition, the co-founder of Polygon stated that they are exploring replacing their entire Boring DAO (BOR) and Heimdall blockchain protocol with a single-blockchain solution.

Polygon was developed as a blockchain platform to facilitate the growth and interoperability of blockchain networks. The project’s ultimate goal is to create an Ethereum-compatible multi-chain blockchain environment (ETH). Like Ethereum, it derives its security from a proof-of-stake consensus method used to process transactions on-chain.

Only yesterday, when the MATIC team let off around 20% of its personnel, the Polygon blockchain validator network began suffering sync difficulties, resulting in a massive cascade of outages for the majority of its validators. Unfortunately, they were forced to resync, which might take up to 12-24 hours. According to the reports by Coindesk block explorer outage was a result of this cascade.

The Polygon team has found a relation to a 157-block reorg, despite the fact that they have not yet identified the particular reason why the problem occurred. Their validators are restricted to reorganizing no more than 128 blocks at a time. It turns out that a problem in their BOR and Heimdall layers was what caused the reorg in the first place.

The PIP-4 governance proposal was made in August of last year to begin implementing permissionless validation. According to the plan, a validator must approve 95% of the median average of the previous 700 checkpoints in order to meet the SLA’s requirements. The SLA has 700 checkpoints built into it to provide the validator a second chance to do it right. If not, we have to remove them from staking. The SLA would rise from 95% to 98% after the first two-month period.

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