RFC: Renewal of the Hop Delegate Incentivization Trial

[Kene_StableLab]

@fourpoops

I = ((log(h) - 4.55) * 3500) * M

Where:
I = Incentives to be received
h = lowest level of HOP delegated that month
M = Multiplier based on consecutive participation periods

To calculate the multiplier (M), we can use the following formula:

M = 1 + (0.1 * P)

Where:
P = Number of consecutive completed 6-month participation periods (capped at a certain value, e.g., 5)

This multiplier starts at 1 for new delegates and increases by 0.1 for each consecutive completed 6-month participation period, capped at a certain value (e.g., 1.5 after five periods). In this case I think “completed” can be defined as any amount of participation above 0%.

If there are no objections to this formula, could we move forward with it.

The major points to note are that.

• The Participation rate would be removed; therefore, new delegates who reach the 90,000 threshold could join as delegates at any time.

• The incentive formula would be amended to include a Multiplier based on consecutive participation periods.