aentan
commented
3 years ago I've cobbled together a spreadsheet with values up to 360 (7.5 years) cycles and a line chart for up to 80 cycles (160 weeks). https://docs.google.com/spreadsheets/d/1U7HqzcCWpMnA5h1b1a1LNwiuxPmlw8JbIs_N3zDVGAQ/edit?usp=sharing
You can make a copy and:
- Drag to Fill Down more values into the future
- Tweak the chart data range to visualize any length of time
Personally, it looks like LM and staking rewards are gonna stay pretty high for a considerable amount of time which makes me happy.
ramsyman
mdew192837
uzyn
AltCoiFish
Fragharvester
mydefichain
bpid
DeFiChain-Masternode-Owner
Tempofranz
Klein-Magnus
andreattafabio
surangap
rogi-sh
Overview
The white paper laid out the initial block reward to be 200 DFI, guaranteed for the first 1,050,000 blocks, approximately 1 year in, assuming block time is 30 seconds.
Some minor adjustments over issuance have been made over several DFIPs to incentivize anchoring and liquidity mining.
The current emission rate of DFI is 258.1 DFI per block, with some of it funded by airdrop fund.
Proposal
Overriding that the guaranteed reward should be lowered after block 1,050,000 as laid out on whitepaper to be after May 11, 2021, 4:47:10 am UTC.
Block reward after the first year to be set out as follows, maintaining all existing rewards and incentives on the first cycle:
Cycle period being 32,690 blocks (approx. 2 weeks). Every 32,690 blocks, block reward will be reduced by 1.658%. The splitting of the rewards for respective incentives will be maintained at the same proportion as laid out on the schedule above.
Unused reward will be burned. Burned rewards will not be re-introduced, therefore counted towards the 1.2 billion supply cap.
Rewards proposed may be adjusted with future on-chain governance changes, however, masternode (mining) rewards are guaranteed to be 33.33% of the total block reward.
Upon approval, this proposal will be implemented during one of the the upcoming hard forks, activated after May 11, 2021 4:47:10 am UTC (1 year after first block was mined). It may not be implemented immediately on the first block after the date, depending on development, but will be implemented after the aforementioned date.
Implication
The implication of this proposal if it passes would see the following:
Stage
Voting
Masternode snapshot will be taken on the first block after Wednesday, 14 April 2021, 12:00 UTC.
Voting will open for 1 week, until first block mined after Wednesday, 21 April 2021 12:00 UTC. Please post your votes and proofs here in this GitHub issue before the closing time.
Refer to README for voting instructions.
Vote options
dfip-8 yesdfip-8 nodfip-8 neutral.Results
TBC