As I’ve posted on Discord in November, I experienced a hardware failure after 6 months in the program. I privately shared a video showing the hardware, and filled the validator feedback form as requested.
Will Gnosis honor the first announcement requiring 1-6 months validating for certain rewards? The modification calling for 12 months could be just for a bigger reward* without diminishing the GNO for those who relied on the first version (which would sound akin to rugging).
When d14n.info was still up, I did not see that many new validators (someone with the data can confirm?), so it should not be an issue financially. It may be worth Gnosis’ reputation for promoting the initial program, and ecosystem participants should trust the Gnosis core builders keep their word.
I don’t mean to suggest wrongdoing by Gnosis Builders; I think they were not ready to distribute rewards due to the technical/operational challenges and understandably needed more time.
*To save you all the time digging, here is an analysis and harmonization of the announced rewards.
Initial Announcement:
1 Month (30 Days): Receive a rebate of 38 mGNO
2 Months (60 days): Receive an additional rebate of 48 mGNO
3 Months (90 days): Receive an additional rebate of 58 mGNO
4 Months (120 days): Receive an additional rebate of 68 mGNO
5 Months (150 days): Receive an additional rebate of 78 mGNO
6 Months (180 days): Receive an additional rebate of 98 mGNO
(1 GNO = 32 mGNO)
Modification:
6 Months (180 Days): Receive a rebate of 3 GNO
9 Months (270 days): Receive an additional rebate of 4 GNO
12 Months (360 days): Receive an additional rebate of 7 GNO
The following harmonization would make the modification not “rug” the initial announcement:
1 Month (30 Days): Receive a rebate of 38 mGNO [38 / 32 = 1.1875 GNO].
2 Months (60 days): Receive an additional rebate of 48 mGNO [48 / 32 = 1.5 GNO]. The cumulative reward amounts to 2.6875 GNO.
3 Months (90 days): Receive an additional rebate of 58 mGNO [58 / 32 = 1.8125 GNO]. The cumulative reward amounts to 4.5 GNO.
4 Months (120 days): Receive an additional rebate of 68 mGNO [68 / 32 = 2.125 GNO]. The cumulative reward amounts to 6.625 GNO.
5 Months (150 days): Receive an additional rebate of 78 mGNO [78 / 32 = 2.4375 GNO]. The cumulative reward amounts to 9.0625 GNO.
6 Months (180 days): Receive an additional rebate of 98 mGNO [98 / 32 = 3.0625 GNO]. The cumulative reward amounts to 12.125 GNO.
The monthly breakdown adds up to 388 mGNO (38+48+58+68+78+98), but there is a typo or miscalculation in the post saying 338 mGNO. I wouldn’t mind if the reward for 6 months comes down to 10.5625 GNO (338/32), but since some validators might have relied on the monthly breakdown and they have not drafted it, I would still suggest honoring the breakdown.
9 Months (270 days): After the modification, the cumulative reward would be 7 GNO (3+4). If the initial announcement is honored, validators would already make more after 5 months, so no additional rebate is needed at the 9-month mark.
12 Months (360 days): After the modification, the cumulative reward would be 14 GNO (3+4+7). If the initial announcement is honored, validators would make 12.125 GNO after 6 months. The additional rebate validators may expect after reading the modification would be 1.875 GNO more.
Note: Maybe it would make sense to keep giving 2 GNO (or almost 500 USD at today’s value) per 6 months for electricity/Internet to support keeping these rarer countries online.
- Honor the initial announcement by harmonizing it with the modification
- Apply the modification without regard to the initial announcement