project-serum
/
solana
mirror of https://github.com/project-serum/solana.git
1
0
Fork 0
Code Issues Projects Releases Wiki Activity

some economic mvp features

This commit is contained in:
Eric 2019-03-13 21:01:40 +01:00 committed by Greg Fitzgerald
parent 70bb49a46d
commit 48b5d666d0
1 changed files with 4 additions and 3 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

7
book/src/ed_mvp.md
View File

@ -1,11 +1,12 @@
## Proposed MVP of Economic Design
The preceeding sections outlined in the [Economic Design Overview](ed_overview.md), describe a long-term vision of a sustainable Solana economy. Of course, we don't expect the final implementation to perfectly match what has been described above. We intend to fully engage with network stakeholders throughout the implementation phases (i.e. pre-testnet, testnet, mainnet) to ensure the system supports and is representative of the various network participants interests. The first step toward this goal, however, is outlining a some desired MVP economic features to be available for early pre-testnet and testnet participants. Below is a rough sketch outlining basic economic functionality from which a more complete and functional system can be developed.
The preceeding sections, outlined in the [Economic Design Overview](ed_overview.md), describe a long-term vision of a sustainable Solana economy. Of course, we don't expect the final implementation to perfectly match what has been described above. We intend to fully engage with network stakeholders throughout the implementation phases (i.e. pre-testnet, testnet, mainnet) to ensure the system supports, and is representative of, the various network participants' interests. The first step toward this goal, however, is outlining a some desired MVP economic features to be available for early pre-testnet and testnet participants. Below is a rough sketch outlining basic economic functionality from which a more complete and functional system can be developed.
### MVP Economic Features
* Faucet to deliver testnet SOLs to validators for staking and dapp development.
* Validators are rewarded in proportion to their stake. Interest rate mechansism (i.e. to be determined by total % staked) to come later.
* Per epoch, rewards are distributed in proportion to the stake and the proportion of normalized votes
* Mechanism by which validators are rewarded in proportion to their stake. Interest rate mechansism (i.e. to be determined by total % staked) to come later.
* Ability to delegate tokens to validator nodes.
* Replicators to receive fixed, arbitrary reward for submitting validated PoReps. Reward size mechanism (i.e. PoRep reward as a function of total ledger redundancy) to come later.
* Pooling of replicator PoRep transaction fees and weighted distribution to validators based on PoRep verification (see [Replication-validation Transaction Fees](ed_vce_replication_validation_transaction_fees.md). It will be useful to test this protection against attacks on testnet.
* Nice-to-have: auto-delegation of replicator rewards to validator.