IoTeX Proposal Shifts Voter Rewards to Protocol-Native Distribution Mechanism

IoTeX proposes replacing off-chain Hermes rewards with protocol-native distribution, eliminating service fees and enabling automatic re-staking. Voting runs from August 7 to August 15.

Woofun AI reports that the IoTeX community has introduced a proposal titled "Protocol-Native Voter Reward Distribution" to transition from off-chain Hermes-managed rewards to a deterministic on-chain mechanism. The initiative aims to remove service fees, allowing voters to retain 100% of earnings, while reducing dependency on external servers and enforcing compliance via block verification. The system also supports optional automatic re-staking into staking pools. Delegate nodes retain the ability to set commission rates, with a zero rate preserving the current framework. Voting for this proposal commenced on August 7 and concludes on August 15.