Remove reward auction from reporting consensus faults #60
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Proposal for removing Dutch auction mechanism from rewards of reporting consensus faults. Signed-off-by: Jakub Sztandera <kubuxu@protocol.ai>
Signed-off-by: Jakub Sztandera <kubuxu@protocol.ai>
| 0.005 and 0.25 of Block Reward (~4 FIL full reward) determined by Dutch auction. The duration of auction is 500 epoch. | ||
| For full reward that period has to elapse since the consensus fault was produced. | ||
| For 50% reward the reporter has to wait 412 epochs. | ||
| This significantly delays reporting of consensus faults, which ideally should be reported as soon |
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Does it actually? Anyone can report it as soon as they want, and only the first person who submits it gets the reward. I actually don't buy that people would rationally wait that long.
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Most of the on-chain reports were performed at 450+ epochs after consensus fault was created.
Recently there were few right after it happened reports, the reward then was barely able to cover gas costs of making the report, at 4nFIL base fee.
Assuming 2x base fee (8nF) reporter would have to wait for 90 epochs to break even on the report.
anorth
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Jan 12, 2021
added 2 commits
January 12, 2021 01:31
Signed-off-by: Jakub Sztandera <kubuxu@protocol.ai>
Signed-off-by: Jakub Sztandera <kubuxu@protocol.ai>
arajasek
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Jan 14, 2021
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jennijuju
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Jan 15, 2021
jennijuju
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Proposal for removing Dutch auction mechanism from rewards of reporting
consensus faults.