This is a combination of three runtime upgrades that have already been enacted on kintsugi:
For more details, please see the linked referenda above, and:
The latest compatible clients release for this version is v1.21.0:
As a vault operator and collator that is here from the start I strongly support the quick introduction of the capacity model on Interlay.
I am aware that it is lowering the APR for some and I am one of these in Interlay.
It makes vault operation fair for everyone and prevents some entities "gaming the system" by bridging through their nodes and redeeming through others.
On Kintsugi my vault was "emptied" so many times and I had less than 5% APR for half a year and would have been better off just staking the collateral.
I hope all my fellow operators share this vision and support the initiative.
This is a great,
Thanks Sik for pushing this forward faster! Down with vault competition and can't wait for the capacity model! --spaz
I am a vault and I can't wait for the new model to be included on the mainnet. All arguments are correct. Thank you Sik for pushing process forward!