RPL Staking Rework Proposal

All right folks – discussion has slowed to a gentle simmer both here and in #research. I’m going to put up two polls:

  • Sentiment poll – please vote
  • A specific question about the formula – vote or ignore as you wish
Sentiment poll
  • Support moving to vote; I think this proposal is great!
  • Support moving to vote; I think this set of documents is “good enough” and we shouldn’t let the perfect be the enemy of the good
  • Oppose moving to vote; I have a specific issue I’m mentioning in the comments below
  • Oppose moving to vote; other
  • Undecided; I have a specific question I’d like clarified in the comments below
  • Undecided; other
0 voters
Formula preference
  • Natural log variant
  • Piecewise linear
0 voters
Gory formula details

Either way we’re talking 0 weight below 10% pETH ratio. Then:

Natural log variant
weight = (13.6137 + 2 * ln(100 * (staked_rpl_value_in_eth / borrowed_eth) - 13)) * borrowed_eth

Piecewise linear variant
weight = rpl_stake_from_0-15% + .75*rpl_stake_from_15-17% + .5*rpl_stake_from_17-20% + .25*rpl_stake_from_20-30%

See also, discord for plots showing the total rewards, marginal aprs, and overall spending pie chart.

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