As an investor, it is rather daunting to think that validators are getting such large rewards. It is disproportionate at first glance, and my immediate thought is my holdings are getting diluted. I risk validators selling tokens onto the market. They have too much control and can potentially collude.
I suggest rewards for validators are vested overtime to give dApp developers greater incentive for long term development. Accountability is key. Within the store/dApp staking platform milestones/roadmaps could be a UX/UI feature which encourages transparency. And consequently if they do not achieve what they say, users can remove their backing, and their vested tokens erode and/or are bonded for a greater time period.
I am really feeling Shiden is missing an integrated UI feature which encourages transparency and accountability between the consumers (users & nominators (stakers)) and validators/dApps devs. @Poggi_Luca I really like the idea of Inital Stake Offering - closer to an opportunity cost of 15% rate of inflation. @bLd759 what are your thoughts?
Milestones (expressed as quarters e.g. Q1) would consist of tasks that are allocated percentage weights by dApp developers for a period e.g. set 2 periods before (Q-2).
Failure to complete a task would result in a time penalty. For instance, it could be applied to a baseline linear vesting schedule, and furthermore assigned to the corresponding task reward. So for example, 12 months becomes 15 months to ensure the task is complete before the next period ends. If not, a further penalty could be applied, or alternatively, rewards could be burned or returned to the treasury.
In essence, this mechanism would not impact the reward applied to the tasks they had complete. It would only impact the task in progress. The underlying concept, to slow/freeze/burn rewards assigned to tasks that remain incomplete. The visual nature of the timelock could be expressed by a color code to help better inform stakeholders of their ongoing decision-making process.
I am no mathematician, coder, or designer so unfortunately, I cannot elaborate further.
yeah, we know that the dApp staking reward distribution needs to be fixed since we shouldnât distribute rewards for non-active dApps. And, distributing the reward based on the achievement of each milestone sounds good for me.
@Yakub joined our team and he is going to consider the evaluation process and listing process.
@maario@Yakub when SDN are staked above the amount implied by the app store interface, and in consideration of the subsequent vesting schedule, it disables users the ability to sign extrinsics from the substrate portal. No funds are left aside within the wallet to carry out âunlock vested amountâ extrinsic. I see this as a nuisance for the duration of the vesting period, and within the app, as users will likely need to buy again from exchanges. This would also slow the rate and frequency in which people stake their vested funds.
I think at least for the duration of the vesting period, a small amount should be left within the wallet to carry out say 3 signings. What are your thoughts?
