Correcting the gamed stakedrop - Proposed by Core-1 after numerous discussions with the community.
By voting yes on this proposal you agree to reduce the gamed whale address to 50k $JUNO (Whalecap that was originally set per entity prior to genesis).
Note: The facts are that the Juno genesis stakedrop was gamed by a single entity. Willingly or unwillingly is not relevant to this matter. The whale gamer poses a growing risk to the network and the stakedrop error may be corrected. Gamed funds were consolidated into 1 address right after genesis which proves that 1 entity had custody over all addresses (linked below). This considerably broke the stakedrop rules of having a max 50k ATOM : 50k JUNO per entity. At the time of the genesis stakedrop there was no way for Core-1 to pro-actively counter act this behavior. If this information would have been known prior to launch, 51/52 of those addresses would have been removed entirely.
Risks of doing nothing
High risk to on-chain governance (already has half of quorum)
Potential of buying validators with delegations in order to bribe them away from acting
Whale gamer can single handedly wipe out the entire DEX liquidity in 10 min or less (Should his funds be unbonded)
Correcting the gamed stakedrop - Proposed by Core-1 after numerous discussions with the community.
By voting yes on this proposal you agree to reduce the gamed whale address to 50k $JUNO (Whalecap that was originally set per entity prior to genesis).
Note: The facts are that the Juno genesis stakedrop was gamed by a single entity. Willingly or unwillingly is not relevant to this matter.
The whale gamer poses a growing risk to the network and the stakedrop error may be corrected.
Gamed funds were consolidated into 1 address right after genesis which proves that 1 entity had custody over all addresses (linked below).
This considerably broke the stakedrop rules of having a max 50k ATOM : 50k JUNO per entity.
At the time of the genesis stakedrop there was no way for Core-1 to pro-actively counter act this behavior.
If this information would have been known prior to launch, 51/52 of those addresses would have been removed entirely.
Risks of doing nothing
Order of operations
For your convenience, below are all the addresses that were consolidated into the whale account right after genesis:
https://www.mintscan.io/juno/txs/E88143ACDEC246A2FDBEAB1D015AC9C0C25346671C4034445EB890F938614285
https://www.mintscan.io/juno/txs/B11A51DA1F5D20D6EC7B76C1481FE8F4D0740F4B712E81CCF269539666E166F8
https://www.mintscan.io/juno/txs/34DDF8867468B49C75E873C21CDEF83C30981095FBAF381361E79133896D0FCD
https://www.mintscan.io/juno/txs/907CCC7165D1C8F37DCFEB602C9DDAC2FE845DBC2ACD7FEA4E417EFD2B0ECEF1
https://www.mintscan.io/juno/txs/DD8BB90D92DFAEAB31362D7754B7E8D0924146AC7A4F99374A5A71297E0B8065
https://www.mintscan.io/juno/txs/8366C032CB92F49367D6B912D4FB05E269C5EA9E352A5EDBFCB19D8223717EA4
https://www.mintscan.io/juno/txs/54B973A335DBB3C04FCA50BD63B236A16F476AF326E269F19588C92FD58A349C
https://www.mintscan.io/juno/txs/7BB426D44B53D8CA6639FF42171E6525732A82708D7CC6FE775B7C0D1391BE28
https://www.mintscan.io/juno/txs/A49030830C8165DE3E6A0895077426619565606E815CE9255B7FC4ECF4F6D4A4
https://www.mintscan.io/juno/txs/6410316F379ED3F2EF184A4ED8D6A23BF7490151CEE69F9C260EDD0C3AE53086
https://www.mintscan.io/juno/txs/9D01839230546909A684CAFBF3C2EE723F9170900C432D9132721D6AE4B020AA
https://www.mintscan.io/juno/txs/7225625223AA157A9C4B5B20EA03E5E9397763E345988CC387FBAA8E9D537CFB
https://www.mintscan.io/juno/txs/D66673C77D69B9BE24C3B5C49B6D0760325FB50791BDD2B1981F911D9EC1CAC8
https://www.mintscan.io/juno/txs/DDBB9753E34C7B0700B9625290EC96D30094310C4916FAD279A6642191ACA969
https://www.mintscan.io/juno/txs/F5CE97BC2C7FB1645F393AE3A1C4DAC9EB5F241C8E184983A6B3C02C6FD1454A
https://www.mintscan.io/juno/txs/1040E97C8DDF12D5197B566E3AF7F967F98C329CFEC9BAD7EA904D7A3B0413BE
https://www.mintscan.io/juno/txs/1040E97C8DDF12D5197B566E3AF7F967F98C329CFEC9BAD7EA904D7A3B0413BE
https://www.mintscan.io/juno/txs/3CC6DD7CB4759E7B3B69C8D0BCFD28EF3D010B904C4E6126956EEDEC6B50307D
https://www.mintscan.io/juno/txs/62A9E97942012846BB2131395490B396CCAF7CA8144211B8BB916E39DAEF2DA0
https://www.mintscan.io/juno/txs/475BD9F624425DDD60E47D758DBC28828BBA68AC382F2597398DFDACBFBD9216
https://www.mintscan.io/juno/txs/475BD9F624425DDD60E47D758DBC28828BBA68AC382F2597398DFDACBFBD9216
https://www.mintscan.io/juno/txs/5E93D7EFC74C47C9ED4839D02069762C77F166FFA29975DB2BA783BD1C2F0A62
https://www.mintscan.io/juno/txs/2D655433ACE286A431ABE59254DEE8E0BA5CE52A8E44888CB99D5E342990B937
https://www.mintscan.io/juno/txs/1B0560D2B9BCD4759045BF495D9B442D6ED3798A2E711BA57C2145C26E1E70BF
https://www.mintscan.io/juno/txs/AFC4473807E52403BA20C12FB940DDC7F9BE7A19144140D6B09A144FF9002205
https://www.mintscan.io/juno/txs/E197040FE3B231122156EEB19E06D9E071A82DF32E4A876BD5D3619C7079A810
https://www.mintscan.io/juno/txs/1D23ED342A8D5547E76CFEAF7B42DFFFFDE11EE96240560E5B020FE495509084
https://www.mintscan.io/juno/txs/AB66FBF90F3671DC3994E01052F90005FD4DFE1C77D0A4B0DEE58210B9804513
https://www.mintscan.io/juno/txs/BCCDB5C1839B200B18A60404B7414A24557666337722567C043D4306AA0D09E0
https://www.mintscan.io/juno/txs/171BD400D6677852B178EDEB0FD7096AD05977EFEA2CB18FF9832294E49A247A
https://www.mintscan.io/juno/txs/564655F8BA53115C9208922AA8F5357DA145E5834629F18C6F9430D3888ACC09
https://www.mintscan.io/juno/txs/248167CBE744694A7FBCB0CA7E25EFF7E2E529E7A673C73EBEE657EF626E5F09
https://www.mintscan.io/juno/txs/309A5CEDEFDC577EBCA3B1759BA6BC0B76D6899DBE11200E86E0119861D932C3
https://www.mintscan.io/juno/txs/1045E96DDCA8C6B81CE6AADC7931B8888CF620A4982908A91FD68B7C6B1DD267
https://www.mintscan.io/juno/txs/68B98D8895398F9BCD6D99CF891355AB565BE3674EAC4006DFD3BBD13F6DC96C
https://www.mintscan.io/juno/txs/DCD5DE2C414FE2206929471684E108A71947C420FABA9EBF7C6B66398E6C380A
https://www.mintscan.io/juno/txs/2FA130ED3A4A16550D466E3EA87648D25221130905967B3D5D9D891719544EBE
https://www.mintscan.io/juno/txs/A6892C41A05C98591C53520B77FD6C78A8D415E32B0D21E8A493766AE3E41C32
https://www.mintscan.io/juno/txs/A22D2809C0F02EBD0A485FDD649CEFB634A1AD7818EF7916675498B00B7268E2
https://www.mintscan.io/juno/txs/D8DB6E84C048A89F8C9B4D5F3145433729C2CE197A9300021C8EDD6009B9D6E2
https://www.mintscan.io/juno/txs/523030A1AA2C783EB949C798761B1BBB22D448842F96E2A8EEE789D6FFFDDFDC
https://www.mintscan.io/juno/txs/2FD8C2AE7E3C58B25432747732E4DD75B502A5251BE08268DA320D5E6F75B861
https://www.mintscan.io/juno/txs/9801045CD444B1D3B3AFFC9E1C8D7AABE03A31F982FF31EA0EB8FF668FB1350A
https://www.mintscan.io/juno/txs/2FD8C2AE7E3C58B25432747732E4DD75B502A5251BE08268DA320D5E6F75B861
https://www.mintscan.io/juno/txs/852B116CFC6CD4392B37AE257CCEF020C9E09AD9ADF5864FFF3F4CA87DDCAD2E
https://www.mintscan.io/juno/txs/88BBE226E0D7DFF7F60204CFD7590D7FFF8D5E3D493AA4422E02630B5900DD64
https://www.mintscan.io/juno/txs/8712D0B760ACC93F33C9D1C054EB1C2C435E7FA84F0B09EF00B902297DA5429C
https://www.mintscan.io/juno/txs/95A0C9A47C1091B482FA5A0573A9591062B365FA55B8BA0E4C2655B90973CF6C
https://www.mintscan.io/juno/txs/3292CAD2FA6E554CC544952249409A8EC34030E8487F32680D9FAF0152D279C6
https://www.mintscan.io/juno/txs/F0A71E0C7F38204A1D4113D2031B4B69807392B6B0D44A4F8BFCC875C6BBA7BE
https://www.mintscan.io/juno/txs/39AE3D1DDB22E3AE8D2E2EF7DC2D46E9AAAA6E4135F4D7B4431BD295B7A5936C
https://www.mintscan.io/juno/txs/D70AF53447D370D4C9A1199A89B74246C13094D0B2DAB725893252E9E94352D7