Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Proposal to Redirect Voting Rewards from Block Producers to Users #124

Closed
quocle108 opened this issue Mar 29, 2024 · 3 comments
Closed

Proposal to Redirect Voting Rewards from Block Producers to Users #124

quocle108 opened this issue Mar 29, 2024 · 3 comments

Comments

@quocle108
Copy link

Background:

The EOSIO system contract currently distributes voting rewards to block producers as part of its incentive mechanism.

Is that fair of this reward distribution model? particularly concerning the direct benefit to users who participate in the voting process.

Suggested Solution:

I propose opening a discussion on revising the EOSIO system contract to redirect a portion of the voting rewards from block producers directly to users.

Conclusion:

I think changing how rewards are given so that users also get rewards can make more people actively participate. This would make the EOSIO community stronger

@quocle108
Copy link
Author

Why should people stake their tokens on EOS? Right now, there are a couple of big issues:

  1. They don't have any rewards.
  2. They get very limited CPU/NET resources because 99% all of it goes to Powerup.

Only about 20% of users do the staking on EOS which is very close the active threshold (16%). When you look at other networks like WAX and Telos, they have 40% and 35% of users staking

@DenisCarriere
Copy link
Contributor

There's a new contract that will be implemented that will allow to redirect rewards users for staking

https://github.com/eosnetworkfoundation/eosio.reward

@ericpassmore
Copy link
Contributor

Closing as eosio.reward addresses this request to send rewards to users

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Projects
Status: Done
Development

No branches or pull requests

4 participants