The Lisk Elite pool lost more than 1100 ranks recently. That’s on average 21 levels per active delegate. With Cai, a fourth Elite delegate enters the low 90s ranks after Catstar, China, and Dakini. Meanwhile, voters report Sherwood payouts to be higher than Elite Rewards.

Elite lost 1140 ranks; according to Lisk Delegate Charts.

The unvote campaign seemingly works.

The #uncartel move is a joint effort lead by the Sherwood group, the Ascend pool, and independent community members, as well as several contributing stand-by delegates. The immediate goal is to break the power of the 54 active forging Elite delegates and encourage them to become a reasonable pool.

Members of the groups presented strategies and tools that help voters to make the first step, i.e., the vote manager that allows users to choose alternative delegates and eases the path to unvote certain Elite delegates without losing much of stake rewards.

The vote manager assisting the change: uncartel.4fry.net

In total, Elite lost 1140 ranks already, that’s more than 21 ranks on average of each of their current delegates. Highest losses can be observed in the low levels where Cai, Catstar, China, and Dakini delegates entered the dangerous low 90s ranks last week.

Is Elite selling their stack?

Traders on the deprecated r/LiskMarkets subreddit as well as in the official Lisk.Chat #trading channel noticed that $LSK is behaving much weaker on the markets than other competitors. The only reasonable explanation is the theory big holders continuously drop more significant amounts of Lisk tokens on various exchanges.

Interestingly, selling $LSK on markets directly impacts your voting power on the Lisk network. Analysing the delegate charts provided by fraklik reveals an interesting pattern: All Elite members lost around 2 million LSK vote weight compared to the competing GDT pool members on average.

Is Elite exiting Lisk? We don’t know.

It’s not entirely provable that Elite keeps dropping their bags on the markets, it could also be a big holder or whale that’s exclusively supporting Elite only. However, who would exclusively support Elite without directly benefiting from this?

Sherwood payouts reportedly higher than Elite’s.

Meanwhile, Sherwood is healing their wounds from the DPoS war. Their members regained some vote weight and stabilised their active forging ranks.

One strategy presented by Liberspirita is to incentivise breaking Elite by giving voters who do not fully support Elite a bonus reward eventually cutting their potential temporary losses from not voting all Elite delegates. There are three bonus levels:

Level 1 : voting less than 54 Elite delegates to start breaking their vote-all-or-nothing strategy.

: voting less than 54 Elite delegates to start breaking their vote-all-or-nothing strategy. Level 2 : voting less than 33 Elite delegates to force them becoming a reasonable pool. Read more on reasonable pools on Good Audience.

: voting less than 33 Elite delegates to force them becoming a reasonable pool. Read more on reasonable pools on Good Audience. Level 3: voting for not more than 1 Elite delegate gives the maximum pool bonus.

Several voters already made a move. Last week’s Sherwood payouts are said to be higher than Elite rewards as some members on the official Lisk.Chat #delegates channel noticed. The bonus coefficient is calculated depending on the proportion of voters not voting for Elite. The more unvoters there are, the lower the bonus will be.

Robin Hood: take from the rich, give to the poor.

Therefore, it’s recommended to start unvoting Elite delegates rather now than later. The unvote wizard helps to select the three different bonus levels:

If you support this campaign, spread the word using the hashtags #uncartel #lisk on social media, and consider unvoting Elite. :)

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Full disclosure: The author, 4fryn, is invested in Lisk in therefore highly incentivised to care about the future of the most accessible blockchain.

For transparency, the unvote manager is available on Github: https://github.com/4fryn/unvote-manager — Contributions, feedback, critics welcome.