info_tfgrid/collections/tfgrid3/specs/farming_update_3_14.md
2024-04-03 10:57:56 +02:00

1.8 KiB

Farming Logic Update 3.14

This update is for TFGrid version 3.14 and will still change because of feedback on our forum

Farming Rewards

  • farming reward stays the same, price on 0.08
  • max 1billion TFT on Stellar
  • 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 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 the stakers on the validators
  • give 40% on utilization to treasury of TF Cooperative

more info about coop see here.

UI & Explorer

  • track more info about nodes in explorer, easier for people to select which node is good one
  • info about mem, cpu, ...
  • unified way how to query nodes in UI
  • show that farmers are having SLA & link to their contract with TF DMCC or TF COOP

Governance

  • 1 tft = 1 vote

GEP 1 Needed

  • stop burning
  • agree on 1 billion TFT cap (farming will stop)
  • farming rules as above
  • 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

GEP 3 Needed

Will be done once voting system has been changed and GEP 1 done

  • agree on 9 guardians who run the validators