Tezos Gitlab defines overdelegation this way: "The amount that counts as delegated cannot exceed 9 times the baker’s own staked balance. Any excess tez are called overdelegated and do not contribute to the baking power at all. This mechanism also contributes to ensuring that all baking rights are covered by appropriate security deposits." In the past, TezNebraska made efforts to prevent dilution of non-overdelegators' rewards, and that was by capping the delegated balances of the overdelegators when it came to rewards calculations, or even completely removing new over-delegators from rewards.
That was feasible when baking power was based on snapshots within a cycle. With Paris, calculating caps on balances is more difficult, since delegator balances for baking power and rewards purposes are now based on a minimum value for the cycle. Also, after this discussion on Discord, I decided to not resume capping balances. In addition to the complexity, I was also concerned about fairness in general.
Bottomline, by allowing the Tezpay software to generate rewards without my intervention, there will be slightly less rewards for non-overdelegators. My attempts to rebalance the rewards would likely be inaccurate and unfair to the overdelegators.
If you have any concerns or questions about this policy - whether or not you're a delegator to this bakery - feel free to message me directly or out in the open on the social networks, or in private via email.
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