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Distribute 50% of utilization spending to farmers

Open scottyeager opened this issue 6 months ago • 5 comments

We proposed and passed a GEP to start distributing 50% of utilization spending to the farmers whose nodes are hosting the workloads. Now we need to implement this.

The full proposed breakdown of utilization spending is as follows (versus the previous spec):

  • 50% farmers
  • 40% TF DMCC (foundation/treasury)
  • 10% validator stakers

Therefore the following tasks are needed to make this so:

  • [x] Eliminate the burning of TFT spent on utilization
  • [x] Increase percentage sent to foundation account to 40%
  • [x] Increase percentage sent to staking pool to 10%
  • [x] Distribute 50% to farmers

The last item is the only piece requiring any significant changes. I'll leave it to the repo owners to fill in the details there.

scottyeager avatar Aug 21 '24 15:08 scottyeager