The Double Edged Blade of Converting from Staking Based Rewards to Voting Based Rewards

[Accumulating.icp]

@wpb

The spam prevention proposal (proposal 80970 ) didn’t change the total number of neurons that received rewards. All neurons that voted on Governance proposals before the change still received rewards after that change. However, it changed how the rewards were distributed to voting neurons

@skilesare

The current system determines a reward rate, total supply, and then determines the total reward to give each day by multiplying the (reward rate * the total_supply)/day. The total rewards are then handed out based on each neuron’s share of the total voting weight for the day.

That’s a fair correction! When I originally read this I seem to have missed the specification that the rewards are distributed based on the neuron’s share of total voting weight of the day - completely on me. As a result, there definitely seems to be a misconception in the outcome of the proposal.

Thanks for making that observation before this thread continued too far!