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BAND $0.1902 0.60% Market cap $35.2M

BCIP-17: Strengthening Validator Operations for Band v3

Proposal #17 on Band

Band network: Day Nov 4 · Healthy

Typical fee 0.0025 BAND

Overview

Updated

Passed

Voting ended
Oct 6, 2025
Opened Oct 1, 2025
Submitted
Oct 1, 2025
Oct 1, 08:34 UTC
Deposit
1,010 BAND
Type
Staking parameters

Proposed by band1xz5zcr3c…edevhq

Votes

  • Yes 80.8M BAND
  • No 0 BAND
  • No with veto 17.9K BAND
  • Abstain 314K BAND

Description

Overview

We recently launched Band v3, an upgraded version of BandChain that is faster, cheaper, and capable of handling much higher throughput. This marks a significant step forward in the performance and scalability of the network.

Importance of Validators

Validators are essential to BandChain’s stability and efficiency. They:

  • Fetch price data directly from key sources, including CEXs, DEXs, and aggregators.
  • Maintain high uptime to ensure uninterrupted block production and secure network operations.

With BandChain’s reduced block time of ~1 second, downtime or delays are more critical than ever. Validators must maintain over 99% uptime to prevent missed blocks and keep the chain running smoothly.

Upgrade-Driven Changes

As part of the Band v3 upgrade, we have reduced the number of active validators from 100 to 53. This strategic change delivers several key benefits:

  1. Closer Collaboration
  • Enables more direct communication between the Band Foundation and active validators.
  1. Faster Coordination
  • Simplifies upgrades and allows quicker responses during both minor and major network updates.
  1. Stronger Alignment and Incentives
  • With fewer active validators, each carries greater responsibility and stronger incentives to maintain high performance and align with the network’s long-term goals.

Conclusion

By reducing the validator set and emphasizing operational excellence, Band v3 creates a tighter, more efficient, and better-coordinated validator ecosystem, ensuring the network continues to grow securely and reliably.

What it does

The message the chain carries out if it passes, as written in the proposal.

  1. Staking parameters cosmos.staking.v1beta1 
    {
    "@type": "/cosmos.staking.v1beta1.MsgUpdateParams",
    "params": {
        "bond_denom": "uband",
        "max_entries": 7,
        "max_validators": 53,
        "unbonding_time": "1814400s",
        "historical_entries": 10000,
        "min_commission_rate": "0.000000000000000000"
    },
    "authority": "band10d07y265gmmuvt4z0w9aw880jnsr700jrdn8wm"
}

How validators voted

A validator's vote counts for its delegators unless they vote themselves. Largest stake first.

Voting ended before BitBasic started recording Band votes on Oct 29, 2026, and the chain deletes votes when voting ends.