IIP-59 is officially coming to a vote on the IoTeX Hub ๐ณ๏ธ
Right now, voter rewards run through Hermes - an off-chain service that holds keys, computes payouts outside consensus, and charges a fee.
IIP-59 moves everything directly into the protocol:
โ No service fees. Voters keep 100% of their yield.
โ Zero downtime. Rewards no longer rely on external servers.
โ Enforced by block validation, not by trust.
โ Optional auto-compounding into your staking bucket.
True decentralization isn't just an announcement. Itโs deleting the parts that require trust.
Voting opens Aug 7, 5:00 PM PT and runs through Aug 15.
๐ http://hub.iotex.io/governance/iip-59-protocol-native-voter-reward-distribution
Right now, voter rewards run through Hermes - an off-chain service that holds keys, computes payouts outside consensus, and charges a fee.
IIP-59 moves everything directly into the protocol:
โ No service fees. Voters keep 100% of their yield.
โ Zero downtime. Rewards no longer rely on external servers.
โ Enforced by block validation, not by trust.
โ Optional auto-compounding into your staking bucket.
True decentralization isn't just an announcement. Itโs deleting the parts that require trust.
Voting opens Aug 7, 5:00 PM PT and runs through Aug 15.
๐ http://hub.iotex.io/governance/iip-59-protocol-native-voter-reward-distribution