SIMD-0079
Allow Commission Decrease at Any Time
Feature Gate Status
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TL;DR
The commission_updates_only_allowed_in_first_half_of_epoch feature disallows commission decrease in the second half of epoch. Given that the purpose of this feature was to prevent 'rug pulls' which are accomplished by increasing commission at the end of epoch and then decreasing commission at the beginning of next epoch, disallowing decreases during the second half of epoch is unnecessary. A feature gate must be added to support this SIMD as all validators' vote programs must treat commission change instructions the same or else consensus will diverge.
Summary
The commission_updates_only_allowed_in_first_half_of_epoch feature disallows commission decrease in the second half of epoch. Given that the purpose of this feature was to prevent 'rug pulls' which are accomplished by increasing commission at the end of epoch and then decreasing commission at the beginning of next epoch, disallowing decreases during the second half of epoch is unnecessary. A feature gate must be added to support this SIMD as all validators' vote programs must treat commission change instructions the same or else consensus will diverge.
Motivation
Some validator operators may need to decrease commission in order to satisfy their own operational criteria. As an example, a validator operator may have a policy whereby any error that results in reduced stake account rewards for the epoch, will result in the operator choosing to reduce commission to 0% for that epoch to ensure that stake accounts are not disadvantaged by that error. Not being allowed to do this in the second half of an epoch is a problem because it would prevent that commission change until the next epoch, which will not allow this policy to take effect for stake accounts which were de-activating during the epoch.
Impact
Validators will now be able to decrease commission at any time in the epoch, but only increase commission in the first half of epochs (because of the commission_updates_only_allowed_in_first_half_of_epoch feature already implemented).
Backwards Compatibility
This feature requires a feature gate because software which includes the implementation will allow certain set-commission transactions to succeed where software without the implementation would fail those transactions. Thus all validators must be updated to the new functionality at an epoch boundary so that all validators agree on the result of executing those transactions. When activated, breaks the ability of older Solana node software to verify ledgers with this feature.
Security Considerations
None