Distribute 50% of utilization spending to farmers

[scottyeager]

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.

[sameh-farouk]

ATM standard utilization revenue is shared among 4 beneficiaries.

• Foundation
• Staking pool
• Sales and
• solution providers

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

Based on your specified tasks, solution providers and sales accounts would not receive anything moving forward. can you confirm? @scottyeager @xmonader

[scottyeager]

That's correct @sameh-farouk. This change eliminates the sales channel/solution provider distribution as well.

[sameh-farouk]

This works for node and rent contracts. What about name contracts? There are no 3Nodes being utilized by these contracts. Where should the remaining 50% be allocated?

[xmonader]

Name contracts are not directly linked to farmer payments. While a name contract is used to deploy gateway workloads (as part of node contracts), the actual payments go to the farmers for the network usage associated with these workloads, not for the name itself.

for the name contract split I suggest you make the foundation 90% and the staking pool 10%

[sameh-farouk]

Update: Implemented in this commit #7361e66

Awaiting review