fix: fixed and/or removed forum links (#30775)

* fix: fixed and/or removed forum links

Closes #29724

* fix: typo

---------

Co-authored-by: nickfrosty <nick.frostbutter@solana.org>
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Nick Frostbutter 2023-03-20 14:58:41 -04:00 committed by GitHub
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8 changed files with 17 additions and 23 deletions

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@ -170,8 +170,8 @@ module.exports = {
href: "https://twitter.com/solana",
},
{
label: "Forums »",
href: "https://forums.solana.com",
label: "Forum »",
href: "https://forum.solana.com",
},
],
},

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@ -2,7 +2,7 @@
title: Cluster Economics
---
**Subject to change. Follow most recent economic discussions in the Solana forums: https://forums.solana.com**
**Subject to change.**
Solanas crypto-economic system is designed to promote a healthy, long term self-sustaining economy with participant incentives aligned to the security and decentralization of the network. The main participants in this economy are validation-clients. Their contributions to the network, state validation, and their requisite incentive mechanisms are discussed below.

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@ -2,8 +2,8 @@
title: Validation-client Economics
---
**Subject to change. Follow most recent economic discussions in the Solana forums: https://forums.solana.com**
**Subject to change.**
Validator-clients are eligible to charge commission on inflationary rewards distributed to staked tokens. This compensation is for providing compute \(CPU+GPU\) resources to validate and vote on a given PoH state. These protocol-based rewards are determined through an algorithmic disinflationary schedule as a function of total token supply. The network is expected to launch with an annual inflation rate around 8%, set to decrease by 15% per year until a long-term stable rate of 1.5% is reached, however these parameters are yet to be finalized by the community. These issuances are to be split and distributed to participating validators, with around 95% of the issued tokens allocated for validator rewards initiall (the remaining 5% reserved for Foundation operating expenses). Because the network will be distributing a fixed amount of inflation rewards across the stake-weighted validator set, the yield observed for staked tokens will be primarily a function of the amount of staked tokens in relation to the total token supply.
Validator-clients are eligible to charge commission on inflationary rewards distributed to staked tokens. This compensation is for providing compute \(CPU+GPU\) resources to validate and vote on a given PoH state. These protocol-based rewards are determined through an algorithmic disinflationary schedule as a function of total token supply. The network is expected to launch with an annual inflation rate around 8%, set to decrease by 15% per year until a long-term stable rate of 1.5% is reached, however these parameters are yet to be finalized by the community. These issuances are to be split and distributed to participating validators, with around 95% of the issued tokens allocated for validator rewards initial (the remaining 5% reserved for Foundation operating expenses). Because the network will be distributing a fixed amount of inflation rewards across the stake-weighted validator set, the yield observed for staked tokens will be primarily a function of the amount of staked tokens in relation to the total token supply.
Additionally, validator clients may earn revenue through fees via state-validation transactions. For clarity, we separately describe the design and motivation of these revenue distributions for validation-clients below: state-validation protocol-based rewards and state-validation transaction fees and rent.

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@ -2,7 +2,7 @@
title: Inflation Schedule
---
**Subject to change. Follow most recent economic discussions in the Solana forums: https://forums.solana.com**
**Subject to change.**
Validator-clients have two functional roles in the Solana network:
@ -13,7 +13,7 @@ Validator-client rewards for these services are to be distributed at the end of
The effective protocol-based annual staking yield \(%\) per epoch received by validation-clients is to be a function of:
- the current global inflation rate, derived from the pre-determined dis-inflationary issuance schedule \(see [Validation-client Economics](ed_vce_overview.md)\)
- the current global inflation rate, derived from the pre-determined disinflationary issuance schedule \(see [Validation-client Economics](ed_vce_overview.md)\)
- the fraction of staked SOLs out of the current total circulating supply,
- the commission charged by the validation service,
- the up-time/participation \[% of available slots that validator had opportunity to vote on\] of a given validator over the previous epoch.
@ -25,7 +25,7 @@ As a first step to understanding the impact of the _Inflation Schedule_ on the S
Specifically:
- _Initial Inflation Rate_: 7-9%
- _Dis-inflation Rate_: -14-16%
- _Disinflation Rate_: -14-16%
- _Long-term Inflation Rate_: 1-2%
Using these ranges to simulate a number of possible Inflation Schedules, we can explore inflation over time:
@ -46,7 +46,7 @@ $$
In this case, because _% of Staked SOL_ is a parameter that must be estimated (unlike the _Inflation Schedule_ parameters), it is easier to use specific _Inflation Schedule_ parameters and explore a range of _% of Staked SOL_. For the below example, weve chosen the middle of the parameter ranges explored above:
- _Initial Inflation Rate_: 8%
- _Dis-inflation Rate_: -15%
- _Disinflation Rate_: -15%
- _Long-term Inflation Rate_: 1.5%
The values of _% of Staked SOL_ range from 60% - 90%, which we feel covers the likely range we expect to observe, based on feedback from the investor and validator communities as well as what is observed on comparable Proof-of-Stake protocols.

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@ -2,19 +2,19 @@
title: Solana's Proposed Inflation Schedule
---
As mentioned above, the network's _Inflation Schedule_ is uniquely described by three parameters: _Initial Inflation Rate_, _Dis-inflation Rate_ and _Long-term Inflation Rate_. When considering these numbers, there are many factors to take into account:
As mentioned above, the network's _Inflation Schedule_ is uniquely described by three parameters: _Initial Inflation Rate_, _Disinflation Rate_ and _Long-term Inflation Rate_. When considering these numbers, there are many factors to take into account:
- A large portion of the SOL issued via inflation will be distributed to stake-holders in proportion to the SOL they have staked. We want to ensure that the _Inflation Schedule_ design results in reasonable _Staking Yields_ for token holders who delegate SOL and for validation service providers (via commissions taken from _Staking Yields_).
- The primary driver of _Staked Yield_ is the amount of SOL staked divided by the total amount of SOL (% of total SOL staked). Therefore the distribution and delegation of tokens across validators are important factors to understand when determining initial inflation parameters.
- [Yield throttling](https://forums.solana.com/t/validator-yield-throttling-proposal-discussion/855/5) is a current area of research that would impact _staking-yields_. This is not taken into consideration in the discussion here or the modeling below.
- Yield throttling is a current area of research that would impact _staking-yields_. This is not taken into consideration in the discussion here or the modeling below.
- Overall token issuance - i.e. what do we expect the Current Total Supply to be in 10 years, or 20 years?
- Long-term, steady-state inflation is an important consideration not only for sustainable support for the validator ecosystem and the Solana Foundation grant programs, but also should be tuned in consideration with expected token losses and burning over time.
- The rate at which we expect network usage to grow, as a consideration to the dis-inflationary rate. Over time, we plan for inflation to drop and expect that usage will grow.
- The rate at which we expect network usage to grow, as a consideration to the disinflationary rate. Over time, we plan for inflation to drop and expect that usage will grow.
Based on these considerations and the community discussions following the initial [design](https://forums.solana.com/t/solana-inflation-design-overview/920), the Solana Foundation proposes the following Inflation Schedule parameters:
Based on these considerations and the community discussions following the initial design, the Solana Foundation proposes the following Inflation Schedule parameters:
- Initial Inflation Rate: $8\%$
- Dis-inflation Rate: $-15\%$
- Disinflation Rate: $-15\%$
- Long-term Inflation Rate: $1.5\%$
These parameters define the proposed _Inflation Schedule_. Below we show implications of these parameters. These plots only show the impact of inflation issuances given the Inflation Schedule as parameterized above. They _do not account_ for other factors that may impact the Total Supply such as fee/rent burning, slashing or other unforeseen future token destruction events. Therefore, what is presented here is an **upper limit** on the amount of SOL issued via inflation.

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@ -14,10 +14,10 @@ The Solana protocol will automatically create new tokens on a predetermined infl
### Inflation Schedule
A deterministic description of token issuance over time. The Solana Foundation is proposing a dis-inflationary _Inflation Schedule_. I.e. Inflation starts at its highest value, the rate reduces over time until stabilizing at a predetermined long-term inflation rate (see discussion below). This schedule is completely and uniquely parameterized by three numbers:
A deterministic description of token issuance over time. The Solana Foundation is proposing a disinflationary _Inflation Schedule_. I.e. Inflation starts at its highest value, the rate reduces over time until stabilizing at a predetermined long-term inflation rate (see discussion below). This schedule is completely and uniquely parameterized by three numbers:
- **Initial Inflation Rate [%]**: The starting _Inflation Rate_ for when inflation is first enabled. Token issuance rate can only decrease from this point.
- **Dis-inflation Rate [%]**: The rate at which the _Inflation Rate_ is reduced.
- **Disinflation Rate [%]**: The rate at which the _Inflation Rate_ is reduced.
- **Long-term Inflation Rate [%]**: The stable, long-term _Inflation Rate_ to be expected.
### Effective Inflation Rate [%]

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@ -74,11 +74,6 @@ Follow the wallet's instructions for selecting a validator. You can get
information about potentially performant validators from the links below.
The Solana Foundation does not recommend any particular validator.
The Mainnet Beta validators introduce themselves and their services on this
Solana Forum thread:
- https://forums.solana.com/t/validator-information-thread
The site solanabeach.io is built and maintained by one of our validators,
Staking Facilities. It provides a some high-level graphical information about
the network as a whole, as well as a list of each validator and some recent

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@ -11,8 +11,7 @@ stakes easier to manage.
This off-chain program manages a large population of validators staked by a
central authority. The Solana Foundation uses an auto-delegation bot to regularly delegate its
stake to "non-delinquent" validators that meet specified performance requirements. More information can be found on the
[official announcement](https://forums.solana.com/t/stake-o-matic-delegation-matching-program/790).
stake to "non-delinquent" validators that meet specified performance requirements.
#### Stake Pools