Hi Global community!
@1111167 from Korean Community would like to discuss about this idea with the global memebers.
Below is his ideas about bonus reward system. Please give him feedback and share your ideas
In case a person does not have a clear reason why he/she wants to be part of the network, his/her contribution will be weaken
Suppose you have a large amount of funds, then you can expect enough rewards to be satisfied. Then this huge amount of reward is the reason for you to remain in the pool for a long time. However, in case you doesn’t have enough Ada in the first place, so the expected reward would also be low, there is no attraction for you to be remained in a pool for a certain amount of time. To encourage people to remain in a pool longer, I suggest a ‘bonus reward’ system below.
The main idea of bonus reward system is : to distribute more rewards as a “bonus” to the pooler who remain in the pool more than others on a monthly basis.
For example, to the pooler who remain
1 month : gets 0.2% more rewards
2 months : gets 0.3% more
3 months : gets 0.35 % more
In case a pooler who is supposed to remain 2 months in a pool but stayed only for one and a half hour, only the bonus reward of 1 month can be distributed. The amount of the bonus reward for the rest of half month will not be given since the pooler didn’t carry out the promised task of 2 months. It would be easier to understand if you take this undistributed bonus reward as a penalty.
If Cardano is to take this bonus reward system into current stake pool system, how to set the bonus reward for the first month would be the crucial for maintaining this system. Cardano should figure out what % best suits with the current fund and incentive mechanism.
Please let me know your feedback on my idea!
Original post can be found here.