Decided to post here about the current daily reward distribution and see if theres interest in making changes, mainly to redirect a portion into the AZ fund to increase incentive for building.
Ive been pushing collect since the early days and its been a significant help to grow my stake in the network so i see the benefit to maximizing returns, but even more i see an opportunity these days for a real boost to the ecosystem if theres a combined interest in making this happen.
From my perspective if there was more confidence around the flow of funds out of the AZ then there could easily be more impact with the fund. So far its been a learning experiece to say the least but the work needs to get done and the funds are there.
Right now the demand everywhere for developers and builders is very high then with major upgrades on the way, theres tons of support work that could happen with one or two community members managing/paying and putting thru AZ applications after the fact.
The daily emmisons are meant to be incentives and lately they have been lacking in an area that seems extremely important so it looks like it would be a significant boost for the community to redirect some rewards in the interest of the Accelerator-Z.
Please share your feedback post any suggestions for distribution ratio.
I support allocating a portion of emissions to the AZ contract. I think 20% seems like a good start.
What’s the point of owning a half built project? We need to fund the devs to continue developing. Would you rather own 10% of something worth $0 or 8% of something more than $0?
Let’s invest in finishing the development of the project. I’m prepared to write up an AZ in support of this initiative.
I feel like it could be a good choice to divert a percentage to AZ. Currently we’re facing a lot of sell pressure from the existing holder base, while lacking usage of the network. We are in need of more builders + initiatives being built on NoM.
I’ve been advocating to redirect emissions towards AZ a long time ago. But who listened? The Gov module was also built a long time ago and we still don’t have it live on mainnet. Think about that.
Yes thank you for that, just trying to keep the conversation going if you are able to share youre thoughts here it would be great.
If someones going to build by themself its going to take time for the community to go thru it, so now with hqz implementing the governance module that can happen, what would you do different in this case?
I would support the reallocation of emissions, however, the question’s remains- how would we go about that without HQZ’s governance module being properly tested?
Furthermore, I believe we should place a cap on for how long we want the emissions redirected? 1 year, 18 months, until we see an appreciation (i.e. a specific target) in price?
Seems like the community is pretty much in support. It’s just a matter of execution at this point. I’ll bring it up in HQZ and maybe we can do a run test when the gov module is deployed there.
These are all legit reasons. Thanks Zirs for the thorough discussion.
Let’s direct 10% or even 20% of the total emission towards AZ.
Timeframe? 18 months OR reaching ath
This first step would serve as an excellent precursor for future modifications in the protocol i.e. revocability of Sentinel dismantling etc…
I think that delegators ROI is not fair against the other participants. It has almost the same ROI like staking for 12months, sentinels, or not top 30 pillars, they are not taking any risk comparing to the others. If we decide to split emissions for BNB Liquidity ROI decrease as well (BNB pool + cutting 20% it might not be worth providing liquidity).
If we delegate AZ funds (or we can take a cut from delegation directly, 10-12.5% out of 25%) it can run for life, no more stress, delegated equally to all pillars, getting 5-10% ROI. AZ funds with actual amount it could have been worth 1 billion dollars if we were at ZNN= 500$. If zenon will hit 250-500$ price will surge even higher if we cancel delegating at 500mil-1bil$ AZ funds due to higher delegating ROI attracting more people.
It looks especially fair for the stakers, if delegators want 12% ROI instead of 6-8% they can stake for 12 months. As I can see staking for 1 month it’s not even worth, none will stake 1 month for 5,88% ROI if you can get 10-15% by delegating, totally unfair for the people who take higher risk by locking for staking.
Staking it’s almost dead comparing to delegating, 100k znn staked < 3 millions znn in delegation. We should discourage this parasitic behaviour and reward higher the risk, make no sense to earn more as delegator than a stacker with no risk.
Encouraging people to lock znn(It’s good for the price and ecosystem) and balancing risk/benefit between delegator and stakers , higher AZ funds plus still being worth adding liquidity in the future. Seems like we solve more problem than one.
Pillars don’t earn QSR, but they burn a ton of it.
A. If you delegate ZNN to a competitive top 30 pillar, you earn more than a 0/0 non-top 30 pillar.
B. If you delegate 45k-50k ZNN to a top 30 pillar, you actually earn more ZNN yield than the pillar itself, without any burn, lock, infra, etc
This approach to redirecting delegator emissions to AZ also somewhat mitigates self delegated pillars in the top 30.
It’s new in my brain so please let’s think it through and let’s talk it out. But I think bayrum’s logic is sound.
Ultimately, the delegator rewards are set by the pillars themselves, but if delegation earns more than pillars, then I think there might be something wrong with the market / protocol itself.
Redirecting delegator rewards might be a solution to both: incentives and AZ funding.