SAFE Network Dev Update - August 30, 2018

Great Update

Although one point that might need looking at, especially when you include PtP in the future (even if only a trial)

This is not what the RFC and previous discussions mention. It maybe approximate but not correct.

Farmers are paid at 100% of farming rate
app devs are paid at 10% of farming rate
maintainer devs are paid at 5% of farming rate

That gives a total of 115% of farming rate that is paid for “GET” rewards

This means that

  • Vaults are Paid 86.95% of all rewards (100/115)
  • App Developers are paid 8.695% of all rewards (10/115)
  • Maintainers are paid 4.348% of all rewards (5/115)
  • And none affect the amount the others get, so you could add more rewards and vaults still get 100% of farming rate

It is misleading to take rewards as stated in the update since it gives the impression that the APP & Core devs are reducing the vault rewards by 15% and the vaults are reducing the developer’s rewards. Whereas the 85% and 86.95% are really meaningless and not indicating the true beauty of the rewards using farming rate and also the way the network is paying for services at the rates it determines.

Now when PtP (Pay the Provider) is introduced and using your misleading figures then we would see vaults getting 75% and the impression that PtP is robbing the vaults of 10% whereas the vaults get no less rewards, just the network is paying more rewards.

6 Likes