The onboarding of the 21 selected validators is now complete.
Selected applicants have been added to the Validator Registry on-chain, and are now receiving equal shares of newly staked Luna. Despite concerns surrounding the sunsetting of the Terra Delegation Program, all selected validators were in the active set at the time of the onboarding.
As part of the Stake Flattening Procedure, 180k Luna have been redelegated to each entrant validator, for a total of 3.78M Luna. This is in line with the current SFP requirements, which limit the total amount of Luna to be redelegated per increment at 4M Luna. We will conduct an internal evaluation of the SFP, which could lead to a proposal with parametric changes to ensure a smooth and efficient flattening of stake across the expanded validator set.
The whitelisting transaction can be found here, and the results of the onboarding there.