Added tokenomics DRAFT to discuss #88
Conversation
|
@xcthulhu @akorchyn We need to make sure that this document is correct. Maybe also having some values in spreadsheet with constants might also help. Let's use this PR as a place for the discussion. https://docs.google.com/spreadsheets/d/1pddzlDWNVRUTeYzg8e6V-n0ZxCgp2HeIlAVG7oHOm4U/edit?usp=sharing |
|
|
||
| ### Current state | ||
|
|
||
| * Initial total supply is distributed to active nodes for now. |
There was a problem hiding this comment.
to single node wrpapped by multisig
|
|
||
| ## Staking | ||
|
|
||
| Each new validators when enters `PoS` with `200 thousands` staked for `1 year`. |
There was a problem hiding this comment.
Also, bond withdrawal takes a year.
There was a problem hiding this comment.
@akorchyn Is 1 year is something we have defined in chainspec?
| Staking rewards are distributed each session. | ||
|
|
||
| `Session period = 4 hours` | ||
| `Election period = quarter` |
|
|
||
| ### Slashing | ||
|
|
||
| | Misbehavior | Amount | Parameters | |
There was a problem hiding this comment.
This section wasn't really defined clearly. It just random values as TBD, that never happened.
There was a problem hiding this comment.
@akorchyn What we can do with it, any suggestions? Just to remove the section completely or we can somehow defined these values?
There was a problem hiding this comment.
Up to you. I guess it's better to define it, but we can ignore this section for now.
Basically, we need to go over substrate docs and check their default values
There was a problem hiding this comment.
current implementation in code is 16-17% for slashing upon validators for both Brooklyn and Sydney
runtime/Brooklyn/src/pos.rs
runtime/Sydney/src/pos.rs
|
|
||
| | Account | Part | Type | | ||
| | ------- | ---- | ---- | | ||
| | Validator** | 5% | Fixed comission | |
There was a problem hiding this comment.
It is not fixed anymore and is defined as the median value from validators' preferences.
There was a problem hiding this comment.
Any suggestions how better to write it then?
There was a problem hiding this comment.
I think we can put a *** symbol and put this text below:
Validators have a commission that is substituted from the nominators' reward. The commission is calculated as the median value for validators' preferences.
| ### Current state | ||
|
|
||
| * 1 year withdrawal lock is implemented | ||
| * Session period is 4 hours. Era period is quarter. |
| * Session period is 4 hours. Era period is quarter. | ||
| (configured by EpochDurationInBlocks, SessionsPerEra). | ||
| * Payout at the end of the session. Configured by runtime/mainnet/src/pos/session_payout/mod.rs | ||
| * Median commission to nominators from validator preferences calculated each session. |
|
|
||
| * Done | ||
|
|
||
| ## Fees |
There was a problem hiding this comment.
Fees are also not defined properly. To be honest, somebody needs to benchmark runtime on our preferred node configuration (CPU, RAM, etc)
|
Reviewed both. Added info about each added field to spreadsheet. Also left some comments. @uchu please take a look for |
|
|
||
| `1 Billion GGX` | ||
|
|
||
| `1 GGX ~= 0.05 USD` |
There was a problem hiding this comment.
We probably can't ensure this...
| * 1 year withdrawal lock is implemented | ||
| * Session period is 4 hours. Era period is quarter. | ||
| (configured by EpochDurationInBlocks, SessionsPerEra). | ||
| * Payout at the end of the session. Configured by runtime/mainnet/src/pos/session_payout/mod.rs |
Co-authored-by: Matthew Doty <matt@w-d.org>
Co-authored-by: Matthew Doty <matt@w-d.org>
Co-authored-by: Matthew Doty <matt@w-d.org>
Co-authored-by: Matthew Doty <matt@w-d.org>
Co-authored-by: Matthew Doty <matt@w-d.org>
Co-authored-by: Matthew Doty <matt@w-d.org>
Co-authored-by: Matthew Doty <matt@w-d.org>
Co-authored-by: Matthew Doty <matt@w-d.org>
Co-authored-by: Matthew Doty <matt@w-d.org>
Co-authored-by: Matthew Doty <matt@w-d.org>
Co-authored-by: Matthew Doty <matt@w-d.org>
@xcthulhu @akorchyn This is just a draft to discuss and verify if the parameters are still correct.