Liskpro.com - #219 - 80% reward sharing with approval cap – delegate candidate-------------------------
Our proposalSince all delegates receive the same amount of Lisk regardless of their rank, the reward per vote is higher for low ranked delegates due to the fact that the reward will be shared among fewer voters.
Our goal is not to compete with top ranked delegates but to enter and stay between the 90th and 101th rank.
We will cap all vote rewards at 12.50% approval, in order to maximize the “reward per vote” for all voters who helped us in being promoted as delegate.
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The plan- We will distribute 80% of the forging reward (+- 10.000 LSK/month) to the voters, based on voting weights.
- The 10.000 LSK per month will be shared between all voters that helped us to break the 12.50% capped approval barrier.
- Once the capped 12.50% approval is reached, new voters will not receive rewards.
- The approval cap will be adapted over time in order to guarantee a slot between 90th and 101th delegate.
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Benefit for voters- 80% sharing reward is far more than top ranked delegates who refund around 20-25% of their revenues.
- Rewards will be shared among only 12.50% approvers whilst it’s among 18-20% for top ranked delegates. All this meaning that we will be able to pay back around 50-60% more per vote.
- Delegate server(s) managed by experienced sysadmins, hosted on top tier cloud providers who guarantee 99.95% uptime, SLA and highend failover protection.
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Payout policyWe are still working on that topic; it will be updated as soon as we reach the 120 rank. We are open to any suggestions, propositions or requirements from voters.
- Frequency: to be defined but at least once a month
- Minimal amount: to be defined (will be fees driven)
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ExampleThis example is based on 110.000.000 available LSK supply. (Currently (20/06/17) we are at 108.519.270)
It does not refer to a pool system and it’s based on single votes.
For top ranked delegate around 18% approvals with 20% forging reward
At 18% approval, the vote weigh is 19.800.000 units
At 20% forging reward, the reward is 2500 LSK/month
Benefit = (reward/approval)*voter weight
Voters with 5000 LSK will earn 0.63 LSK / month
Voters with 50 000 LSK will earn 6.31 LSK / month
Voters with 100 000 LSK will earn 12.62 LSK / month
LiskPro.com once promoted at 12.50% approval and 80% forging reward
At 12.50% approval, the vote weigh is 13.750.000 units
At 80% forging reward, the reward is 10000 LSK /month
Benefit = (reward/approval)*voter weight
Voters with 5000 LSK will earn
3.63 LSK /monthVoters with 50 000 LSK will earn
36.36 LSK / monthVoters with 100 000 LSK will earn
72.72 LSK / month-------------------------
Vote liskpro.comOur proposal :
https://forum.lisk.io/viewtopic.php?f=48&t=1524&sid=daad4c63b89fef6ad874ca64f12a1efbOur Mainnet delegate name is
liskpro.comOur Mainnet delegate address is 13112651512533400586L
LiskPro.com
