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."
Since the portion of the over-delegator's balance, which takes the bakery balance over the limit, does not contribute to the baking power, this should not be counted towards the reward calculation. Therefore, over-delegators' balances will be capped to a level where they no longer contribute to an over-delegation situation. For example, if Tez Nebraska is over-delegated by 10,000 tez, and the delegator who triggered the over-delegation has a balance of 40,000 tez, their balance will be capped at 30,000 for reward calculations purposes. This allows the other delegators, who did not cause the overdelegation, to get a fairer share of the rewards.
This page will list any over-delegators for the current cycle.
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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