GIP-106: Should GnosisDAO Reinstate Full Rewards for Eligible GnosisVIP Validator Nodes?
- In Favour
- Against
GIP: 106
title: Should GnosisDAO Reinstate Full Rewards for eligible GnosisVIP Validator Nodes?
author: @dao
status: Draft
type: Funding
created: 2024-07-05
duration: Once
funding: up to 116.2 GNO (*updated)
Category
Funding - Rewards
Executive Summary:
This proposal aims to revisit and restore the original reward policy for the GnosisVIP event. The event’s initial rules allowed participants to set up validator nodes across 104 countries, with the first 10 nodes in each country being eligible for rewards. The original rules can be reviewed here.
GnosisVIP is getting concluded due to the retirement of Builders Team which launched this event. However, the team that took over the reward distribution decided to cut down the rewards for participants who run more than one validators, citing concerns about farming. The announcement can be found here.
Since there is no restriction in the rules against multiple validator nodes with unique IP addresses, and all those eligible validators contribute equally to geo-diversity in this event, this proposal seeks to ensure participants receive the full rewards as originally promised. This will maintain fairness and trust within the Gnosis community.
Specification
The proposed reward program aims to restore the original terms of the GnosisVIP event:
- Full Rewards for Eligible Nodes: All validator nodes that meet the criteria (first 10 in their respective countries) should receive their promised rewards according to their validating duration, irrespective of whether they are run by the same entity.
This approach will help the broader Gnosis ecosystem by maintaining predictability and trust within the Gnosis community.
Rationale
The motivation behind this proposal is to uphold fairness and trust within the Gnosis community. The original rules did not prohibit running multiple nodes from different IP addresses, and participants should be rewarded based on those terms. Changing the reward policy retroactively undermines trust and can discourage future participation.
Budget
According to the google sheet in the sunsetting announcement, a total of 16 validators from 10 participants are affected by the reduced rewards.
The expected amount of rewards to make up is as follows:
Withdrawal Address | Affected Validators | Duration | Affected Rewards | Notes |
---|---|---|---|---|
…6b20 | 1 | 9 Mo | 5.25 GNO | |
…4cd8 | 1 | 12 Mo | 10.5 GNO | |
…bc0c | 1 | 12 Mo | 10.5 GNO | |
…02fc | 1 | 12 Mo | 10.5 GNO | |
…9bc1 | 2 | 6 Mo | 4.8 GNO | |
…20a0 | 3 | 12 Mo | 35.7 GNO | |
…db02 | 1 | 9 Mo | 5.25 GNO | |
…ab14 | 2 | 12 Mo | 23.8 GNO | |
…4765 | 1 | 6 Mo | 2.25 GNO | |
…a88a | 3 | 6 Mo | 7.65 GNO | *Newly Added |
Total | 16 | 116.2 GNO |
Edit: The google sheet seems updated after initially drafting this post, updated the numbers to match that.
Conclusion
Restoring the original GnosisVIP rewards policy is essential for maintaining fairness and trust within the community. By honoring the original rules, we can ensure that all participants are treated equitably and avoid reputational risk for the Gnosis ecosystem. This proposal seeks the support of the GnosisDAO community to uphold the integrity of our events and promote a decentralized and robust network.