A step forward towards global adoption
Introduction (What has changed)
As of today Istari Vision is pleased to announce that we are increasing our delegation cap to unlimited in order to adjust to the ever growing demand for staking on Elrond Network.
We took this step earlier as we want everyone to have a head start and enjoy the benefits of the Elrond ecosystem, especially as the Maiar exchange (https://maiar.exchange/) is coming and $MEX distribution is unfolding. Everyone should get a fair chance to enhance their $MEX distribution and we are the perfect place to start.
Istari Vision wants to offer the Elrond experience to everyone and we are proud to be one of the first staking providers to take the step towards a no cap on delegation. This enables every delegator to take their time and not rush the decision to stake and it offers the comfort of knowing that delegation will be done with a featured staking provider.
Reasoning (why was the change made)
The main reason for this change is aligning ourselves with the Elrond ethos, that has always been about fair access and mass adoption. Both can’t happen without offering the same opportunities in every part of the network, including staking, to every community member who wishes to take part of the Elrond journey.
We believe that the only race that there should be in the Elrond network is the developer race to create amazing things using the ground breaking Elrond technology.
Evolution (What to expect in the future)
Elrond network is constantly evolving and as we approach Phase 4 of the mainnet upgrade the network will accelerate the decentralization process even more. As more nodes become available to staking providers, we at Istari Vision, will be prepared anytime to kickstart more nodes due to the current change in delegation cap, that offers us the capacity in $EGLD to do so.
With this change we believe that Istari Vision will also kickstart more adoption, as more people have access to the Elrond economy in a non-restrictive manner, the greater the interest in exploring the Elrond growing ecosystem.
We deeply care about our delegators and want to ensure that we do what is best for them and while this change might not seem at present fruitful, in time it will be revealed to have been a good decision for the future of both Istari Vision and Elrond Network. As adoption grows Istari nodes will capture more fees and thus the rewards structure will balance the APR for our delegators. We will be at the forefront of the staking economy of Elrond Network and always be ready to accommodate the next 1 billion people that the Elrond Network will onboard.
Be part of the growth phase with us at Istari and witness the birth of a true game changing network!