Helping Nominators Protect Their Stakes

Ecosystem
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Our moderators and anti-scam team @Gr33nHatt3R @Cappex @pastaMan @TimJanssen @Abdulbee @frankywild could use the appropriate channels to inform the Polkadot community to report operators engaging in commission flipping and running multiple identities.

Source: article

It’s also worth noting that:

  • RedPendguin, Ilgio, and Ondin take an 85% commission on Kusama.

  • Tesla charges a 100% commission on Polkadot and recently removed their identity, though their address is still: 15tfUt4iQNjMyhZiJGBf4EpETE2KqtW1nfJwbBT1MvWjvcK9.

There are thousands of nominators affected by these bad practices who might want to switch nomination pools to avoid some of these operators or manually change their validators. Taking some proactive action wouldn’t be a bad idea.

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Hi Megadot,

The antiscam team ran out of funds a month ago and didn’t get community support also commission flipping is technically not a scam. I do view it as unethical behaviour however.

As for my role as moderator I fail to see how this has anything to do with moderation. Our job as moderator is to keep the socials safe from scammers and spammers and to enforce server rules. This has nothing to do with the tasks of moderator imo. Btw I have in the past often told nominators to watch commission of the validators they select and it is annoyance of mine that it is even possible to begin with.

Anyway you are free to post this yourself on our discord channels, element, telegram etc… and I am happy to help with resharing etc… to increase the reach.

3 Likes
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I’ve gone ahead and alerted the Reddit community. Ali Baba will share it in the Telegram announcement channel as well.

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Regular users like me can’t post images or links in the official channels, so I thought it would be prudent to reach out to the moderators.

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Thank you for looking out for the community @Gr33nHatt3R ! :clap: :clap:

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Which official channels do you mean? Only channel I can imagine where you can’t post is announcements where FYI not even I have access too. Only one of us mods has and we agreed in our negotiations to mainly use it for occassional w3f announcements.

Anyway I can have the one mod that has ofcourse announce people to be watchful on their nominations. Btw from my understanding there is a update on the way that should fix this in the future.

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This is a tough one. While it’s technically ‘allowed’ by the protocol, it definitely feels like a predatory move against newer nominators who aren’t checking their accounts daily. Maybe the best fix isn’t just reporting, but pushing for better ‘red flag’ UI alerts in the Staking Dashboard? If a validator jumps from 1% to 100% in a single era, a push notification or a big warning icon would save people a lot of DOT.