-
Notifications
You must be signed in to change notification settings - Fork 165
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
Revised FIP-0036 Draft for Community Consideration #451
Conversation
## Simple Summary - A Sector Duration Multiplier is introduced for all sectors, including Committed Capacity (CC) sectors and sectors containing storage deals. - A longer sector will have a higher Quality Adjusted Power than a shorter sector, all things equal. - The Duration Multiplier is multiplicative on the existing Quality Multiplier incentive (Filecoin Plus incentive). Filecoin Plus already offers up to a 10x multiplier for proving storage of data from verified clients. FIP-0036 introduces an independent Duration Multiplier up to 3.5x. Thus, the *maximum* multiplier available to any sector will increase from 10x to 35x. - Sectors with higher Quality Adjusted Power as a result of the Sector Duration Multiplier and Quality Multiplier will require higher initial pledge collateral. - The minimum sector duration time will increase from 6 months to 1 year and the maximum sector duration will increase from 1.5 years to 3.5 years. This change to maximum sector duration **will be implemented gradually**: we propose increasing the maximum duration by 6 months every week for 4 weeks, until the maximum duration of 3.5 years is available. - CEL and the community will monitor the network and look to increase the maximum sector duration in a future FIP if network conditions merit, pending community-driven support for such measures. - The SectorInitialConsensusPledge multiplier will increase from 30% to 50%. - This policy will apply at Sector Upgrade and Extension.
Hello everyone, Glad to see you have made an overhaul after the feedback on the original FIP over the last period. Well I read in the previous chat a lot of points of improvement by very important developers and core storage providers. Is the only thing this new FIP changes the sector lifetime from 5 to 3.5 years? If so, I am stunned. |
Importantly a gradual ramp up of the max sector commitment is introduced, this solves many of edge cases that were surfaced in the previous FIP draft. I personally think that the max lock up period should be higher as the risk increases accordingly. The objective of a protocol changes should be to provide the ecosystem with the ability to choose, so the range should be wide, potentially with the expectation to see a normal distribution. My suggestion would be to closely monitor the distribution of the lock up period and accordingly adjust the range. |
Feels better than the last FIP. Proceed with caution. Keep the dialog open at all times. |
Here is a list of changes: |
Without a better or more thoroughly vetted option, I support FIP0036 being implemented in a timely manner and the proposed phased rollout is prudent. After assessing the effects of the initial phase of the rollout, if there is a detrimental effect on our network, then there should be a contingency plan in place to address it IMO. Has there been discussion about what will be done if FIP0036 fails to achieve it's goals? |
- Two SPs, A and B, each have 1PiB QAP today, 100TiB/day sealing throughput, and 10PiB worth of collateral. | ||
- SP A can extend CC sectors, and take 3y extension with 3x multiplier. They can quickly gain 3PiB QAP through extension, and a further 7PiB through onboarding over 70days. | ||
- SP B has FIL+ deals. They can’t extend. But they can onboard new 3y deals at a rate of up to 3 * 10 * 100TiB/day = 3PiB of QAP/day. | ||
- FIL+ ability to gain a multiplier on extending is not the limiting factor. |
There was a problem hiding this comment.
Choose a reason for hiding this comment
The reason will be displayed to describe this comment to others. Learn more.
- FIL+ ability to gain a multiplier on extending is not the limiting factor. | |
- Fil+ ability to gain a multiplier on extending is not the limiting factor. |
Added review as an FIP editor. Note to the community, technical feedback is preferred to be provided in the FIP discussion |
From 5 years to 3.5 years, which is very considerate considering the operating cycle of the machine. |
Notable Changes/Adjustments