Hello Node Operators,
We are excited to announce an upcoming fix to our smart contract that will enhance the reward distribution system for Node Operators. This fix brings back the original logic which provides more equitable rewards based on your total staking — combining both self-stake and delegated stake. Additionally, instead of burning the remaining rewards resulting from the calculations, these rewards will be redistributed to the next era’s reward pool.
Before:
Previously, we used the Cobb-Douglas method to calculate rewards for each Node Operator. Any discrepancies between this calculation and the actual distribution resulted in unallocated rewards being burned.
After:
With the fix, instead of burning the remaining rewards (the difference between the Cobb-Douglas calculation and actual distribution), those rewards will now be carried over to the next era. They will be added to the total rewards generated by all Node Operators and redistributed accordingly. The rewards distribution will put more weight on the total staking.
Benefits of the Fix:
The fix is designed to reward Node Operators more fairly and avoid burning the remaining rewards from, placing a clear emphasis on those who contribute more through higher total staking. As your total stake increases, so too will your potential rewards.
Timeline:
The fix will be implemented within 2 weeks.
We believe this fix will not only incentivize greater participation but also foster a more robust and engaged community of Node Operators.
Thank you for your continued support!