SQD Network's largest token holders, including Rezolve AI and the Piëch Foundation, have entered long term commitments for their SQD tokens.
Today we're introducing our new long term structure so every operator and delegator can join them.
It's the next step in SQD Network's growth into enterprise-ready infrastructure. Institutional customers including Google Cloud now rely on the network for blockchain data, with service level commitments in place, and more are on the way.
Why we're doing this
Operators asked for it. Workers have told us they want more structure and more predictability from the network they run, and our largest holders want the same.
Enterprise customers plan in quarters and years. They need to know the capacity serving them today will still be there in six months, and a network where capacity can leave on two weeks' notice can't make that promise.
Our largest holders' commitment was part of the reasoning behind the change, and the new operators joining the network over the coming weeks are coming in on the same terms.
For everyone in the network, that means a stronger network. Rewards go to the people building capacity for the long term, and every enterprise customer that goes live adds to the case for SQD.
Here's what's changing and what it means for you.
What changes for worker nodes
- From Tuesday 17 November at 13:00 CET, the unbonding period for worker nodes is six months. This applies to all bonded workers, including existing ones. You do not need to do anything.
- Before this takes effect there is an exit window. From Friday 13 November at 09:00 CET to Tuesday 17 November at 13:00 CET, the unbonding period is reduced to one hour, so any operator who does not want to commit to the new terms can unbond and leave with no penalty.
- Once unbonding is requested under the six-month terms, that SQD stops earning rewards for the unbonding period.
- Collateral requirements are unchanged.
What changes for delegations
- Delegations made from Tuesday 17 November at 13:00 CET are on six-month terms.
- Existing delegations keep the terms they were created on, including the 14-day unbonding period.
- To move an existing delegation to the new terms, undelegate, wait the current 14 days, then delegate again on the new terms.
Timeline
- Thursday 12 November Announcement published.
- Friday 13 November, 09:00 CET to Tuesday 17 November, 13:00 CET Worker exit window. Unbonding reduced to one hour.
- Tuesday 17 November, 13:00 CET Worker unbonding moves to six months and new delegation terms go live.
Six months is a commitment cycle, not a permanent lock. At the end of this six-month period (May 2027) the unbonding period will be reduced to a fourteen-day window, so participants can decide whether to stay in for the next six months.
Questions
Operators can reach the team directly at t.me/SubsquidMainnetOperators.
This is a step the network needs to take to serve the customers it has and the ones coming. We have tried to make the change clear, the timeline fair and the exit straightforward for anyone who would rather not commit. Thank you for running the network with us.