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kristof de spiegeleer 2024-03-21 11:46:22 +02:00
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# Farming Logic Update 3.14
> this is for TFGrid version 3.14
> this is for TFGrid version 3.14, and will still change because of feedback on our [forum](https://forum.threefold.io/t/feedback-on-farming-logic-as-suggested-for-tfgrid-3-14/4275)
## FARMING
## FARMING REWARDS
- farming reward stays the same, price on 0.08
- [V] farming reward stays the same, price on 0.08
- [ ] max 1billion TFT on Stellar
- [ ] uptime checks include network, min BW, quality of HW ...
- [ ] all farmers have done KYC, see #12
- [ ] uptime checks include network, min BW, quality of HW (needs to be further specified)
- [ ] all farmers have done KYC/AML
- [ ] for new nodes: we do no register nodes which are not DDR4...
- [ ] bigger farmers they can sign with DMCC for SLA, which will be visible, with penalty in locked tokens by TF DMCC/COOP, there is contract involved, which gets linked to TFChain
- [ ] bigger farmers can sign with DMCC for SLA, which will be visible, with penalty in locked tokens by TF DMCC/COOP, there is contract involved, which gets linked to TFChain
- [ ] if price > 0.08 for more than 30 days, then the farming price changes ...
The cooperative will resell capacity (using TFT at back) and redistribute margin as follows:
- [ ] give 50% on utilization to farmers
- [ ] give 10% on utilization to validators
- [ ] give 40% on utilization to treasury of TF Cooperative
[more info about coop see here](tfcoop_intro.md).
## UI & EXPLORER
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- [ ] 1 tft = 1 vote
## GEP NEEDED
## GEP 1 NEEDED
- [ ] stop burning
- [ ] agree on 1 billion TFT cap (farming will stop)
- [ ] farming rules as above
- [ ] give 50% on utilization through cooperative, cooperative has power to change this
- [ ] utilization revenue distribution through cooperative see above
## GEP 2 NEEDED
Will be done once voting system has been changed and GEP 1 done
- [ ] agree on 9 directors for cooperative
- [ ] if price > 0.08 for more than 30 days, then the farming price changes ...
- [ ] agree on 9 guardians who run
## GEP 3 NEEDED
Will be done once voting system has been changed and GEP 1 done
- [ ] agree on 9 guardians who run the validators