Hello everyone ! I would like to give an opinion with relevant points if you can take them into consideration.
-
It is very important to motivate and encourage people to block the neuron for longer.
-
I think that currently the benefit of blocking for 8 years is little in relation to the amount of time one supports the blockchain.
-
We currently have a maximum reward base of 16.8% per 8-year lock and a maximum reward base of 9.5% per 1-year lock. The reward should be reduced in neurons that block 1 year and increased in those that block 8 years.
-
The idea that occurs to me is to reduce the rewards (neurons less than 4 years of blockage) and add them from neurons with blockages of more than 4 years.
Example:
Days || APR
1 - 365 - > %5 (now 9.5%) | Lose 4.5 %
365 - 730 → % 7 (now 10.5%) | Lose 3.5 %
730 - 1095 → % 9 (now 11.5%) | Lose 2.5 %
1095 - 1460 → % 11.6 (now 12.6 % ) | Lose 1 %
1460 -1825 - → 14.7 (now 13.7 % ) | Gain 1 %
1825- 2190 → 16.7 (now 14.7 % ) | Gain 2 %
2190- 2555 → 18.8 (now 15.8 % ) | Gain 3 %
2555 -2919 → %20.8 (now 16.8% ) | Gain 4 %
2920 (8year) → %22.3 (now 16.8% ) | Gain 5.5 % ( Plus 1.5 %)
Added to this is the bonus for age, which would work the same as now.
I know it’s a simple idea. But it is better to make minor and simple changes, since making them more complex I think would harm rather than help.
Thx !
EDITED: The conversation continues in this thread.: Should APY Scaling lean more favourably towards Long Term Stakes?