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- [Validation Stake Delegation](ed_vce_validation_stake_delegation.md)
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- [Replication-client Economics](ed_replication_client_economics.md)
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- [Storage-replication Rewards](ed_rce_storage_replication_rewards.md)
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- [Replication-client Reward Auto-delegation](ed_rce_replication_client_reward_auto_delegation.md)
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- [Replication-client Reward Auto-delegation](ed_rce_replication_client_reward_auto_delegation.md)
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- [Economic Sustainability](ed_economic_sustainability.md)
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- [Attack Vectors](ed_attack_vectors.md)
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- [References](ed_references.md)
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@ -6,7 +6,8 @@ The dominant remittances from the Solana mining pool are validator and replicato
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The Replicator rewards are to be delivered to replicators from the mining pool after successful PoRep validation. The per-PoRep reward amount is determined as a function of the total network storage redundancy at the time of the PoRep validation and the network goal redundancy. This function is likely to take the form of a discount from a base reward to be delivered when the network has achieved and maintained its goal redundancy. An example of such a reward function is shown in **Figure 3**
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![image alt text](img/image_2.png)
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<!-- ![image alt text](porep_reward.png) -->
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<p style="text-align:center;"><img src="porep_reward.png" alt="==PoRep Reward Curve ==" width="800"/></p>
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**Figure 3**: Example PoRep reward design as a function of global network storage redundancy.
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A high-level schematic of Solana’s crypto-economic design is shown below in **Figure 1**. The specifics of validation-client economics is described in [Section 2](ed_validation_client_economics.md) including validation protocol-based rewards ([Section 2.1](ed_vce_state_validation_protocol_based_rewards.md)), validation transaction fee dynamics ([Section 2.2](ed_vce_state_validation_transaction_fees.md)) and validator-client compensation for replication verification ([Section 2.3](ed_vce_replication_validation_transaction_fees.md)). [Section 2.4](ed_vce_validation_stake_delegation.md) closes with a discussion of stake delegation. [Section 3](ed_replication_client_economics.md) will review the Solana network design for global ledger storage/redundancy and replicator-client economics ([Section 3.1](ed_rce_storage_replication_rewards.md)) along with a replicator-to-validator delegation mechanism designed to aide participant on-boarding into the Solana economy ([Section 3.2](ed_rce_replication_client_reward_auto_delegation.md)). [Section 4](ed_economic_sustainability.md) dives deeper into Solana’s design for long-term economic sustainability and outlines the constraints and conditions for a self-sustaining economy. Finally, in [Section 5](ed_attack_vectors.md), various attack vectors will be described and potential vulnerabilities explored and parameterized.
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![img alt text](img/image_0.png)
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<!-- ![img alt text](solana_economic_design.png) -->
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<p style="text-align:center;"><img src="solana_economic_design.png" alt="== Solana Economic Design Diagram ==" width="800"/></p>
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**Figure 1**: Schematic overview of Solana economic incentive design
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@ -36,7 +36,9 @@ At any given point in time, this interest rate is pegged to a defined value give
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Over time, the interest rate, at any network staked percentage, will drop as described by an algorithmic schedule. Validation-client interest rates are designed to be higher in the early days of the network to incentivize participation and jumpstart the network economy. This mining-pool provided interest rate will reduce over time until a network-chosen baseline value is reached. This is a fixed, long-term, interest rate to be provided to validator-clients. This value does not represent the total interest available to validator-clients as transaction fees for both state-validation and ledger storage replication (PoReps) are not accounted for here. A validation-client interest rate schedule as a function of % network staked and time is shown in** Figure 2**.
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![image alt text](img/image_1.png)
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<!-- ![== Validation Client Interest Rates Figure ==](validation_client_interest_rates.png =250x) -->
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<p style="text-align:center;"><img src="validation_client_interest_rates.png" alt="drawing" width="800"/></p>
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**Figure 2:** In this example schedule, the annual interest rate [%] reduces at around 16.7% per year, until it reaches the long-term, fixed, 4% rate.
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