Nomi Tool Proposal: Nomi is a decision support tool for Nominators in NPoS networks
Nomi, by TurboFlakes, aims to engage Nominators in the community in active staking as well as improve the nomination experience, by presenting a fresh and new visual way of:
- Selecting the best performing Validators in the network
- Getting recommendations with the latest top ranked Validators
- Displaying a contextual call to action to nominate
With this proposal we intend to further develop our previous tool released to the community earlier this year. This includes rebranding, a new fresh look and a bunch of new cool features that we think the Polkadot and Kusama community will find useful.
The full proposal with a detailed description and costs can be found here:
https://hackmd.io/@dE-4mfAUSPqIubXD8Bl50Q/Bk39ZHD5Y
Before writing this Treasury proposal, we took a step further. We decided to make several optimizations in our current codebase and implement most of our new Design guidelines. As a result we decided to publish our new site and Nomi v2-beta. Please try it out here → beta.turboflakes.io.
Any feedback is welcome.
Please review our full proposal.
Comments (4)
Comments (4)
New Traits
With this proposal we pretend to add 7 more traits and respective filters that are currently missing and we feel that are very important to the decision process selection:
APY/APR - based on the average era points received
-Slashing - was the validator slashed in the past
-Average Grandpa Votes - number of grandpa votes
-Average Authored blocks - number of authored blocks
-Commission Changed - has commission changed
-Unclaimed Eras - number of eras with staking rewards unclaimed
-1KV Participant - is the validator a valid participant in 1KV
The commission change is a real pain point for nominators, especially because they currently have no way to monitor it at a glance, without tediously clicking around Polkadot-JS Apps Staking tab. This would be an EXCELLENT addition. :)
I would also suggest adding another filter: "Bond withdrawal"- has the validator's stash balance decreased over the past 28 eras?
Why? Because validators who remove KSM from their own stake after being elected have less skin in the game than nominators thought when they initially nominated them. Stash withdrawals also indirectly encourage validators to run as many nodes as possible with minimal own stake. This practice not only harms real decentralisation, but it also discourages new/1KV that are left to "queue" for ages.
Ps: If I have misunderstood some of the staking election processes, please feel free to "update" me. Thanks! :)
Ps2: Also, Leaderboard Subscription is the missing piece that all nominators desperately need. Thank you for proposing such a ground-breaking feature! <3
Hi @anaelleltd thank you for your feedback.
I think your observation for a new trait called Bond withdrawal - has the validator's stash balance decreased over the past 28 eras? is spot on and makes perfect sense. It's a metric that is hard for a Nominator to track down and i don't see implemented anywhere else. So definitely a very nice addition to our traits list.
I'll make sure we accommodate this new trait in the current proposal 👌
The commission change is a real pain point for nominators, especially because they currently have no way to monitor it at a glance, without tediously clicking around Polkadot-JS Apps Staking tab. This would be an EXCELLENT addition. :)
I would also suggest adding another filter: "Bond withdrawal"- has the validator's stash balance decreased over the past 28 eras?
Why? Because validators who remove KSM from their own stake after being elected have less skin in the game than nominators thought when they initially nominated them. Stash withdrawals also indirectly encourage validators to run as many nodes as possible with minimal own stake. This practice not only harms real decentralisation, but it also discourages new/1KV that are left to "queue" for ages.
Ps: If I have misunderstood some of the staking election processes, please feel free to "update" me. Thanks! :)
Ps2: Also, Leaderboard Subscription is the missing piece that all nominators desperately need. Thank you for proposing such a ground-breaking feature! <3
Hi @anaelleltd thank you for your feedback.
I think your observation for a new trait called Bond withdrawal - has the validator's stash balance decreased over the past 28 eras? is spot on and makes perfect sense. It's a metric that is hard for a Nominator to track down and i don't see implemented anywhere else. So definitely a very nice addition to our traits list.
I'll make sure we accommodate this new trait in the current proposal 👌