From 95823a6ac936d8d7ccc27e9897be1e96eda742ea Mon Sep 17 00:00:00 2001 From: Aidan Date: Thu, 25 May 2023 18:17:24 +0800 Subject: [PATCH 1/2] Update status of KIP-81 and KIP-82 to FINAL and update emails --- KIPs/kip-81.md | 4 ++-- KIPs/kip-82.md | 6 +++--- 2 files changed, 5 insertions(+), 5 deletions(-) diff --git a/KIPs/kip-81.md b/KIPs/kip-81.md index 1dcd4ad0..b2cf8a14 100644 --- a/KIPs/kip-81.md +++ b/KIPs/kip-81.md @@ -1,9 +1,9 @@ --- kip: 81 title: Implementing the on-chain governance voting method -author: Yeri, Daniel, Aidan, Ollie, Eddie +author: Yeri, Daniel, Aidan, Ollie, Eddie discussion-to: https://govforum.klaytn.foundation/t/kgp-1-implementing-the-on-chain-governance-voting-method/18 -status: Draft +status: Final type: Standards Track category: Core created: 2022-09-19 diff --git a/KIPs/kip-82.md b/KIPs/kip-82.md index 340ca927..354527fd 100644 --- a/KIPs/kip-82.md +++ b/KIPs/kip-82.md @@ -1,9 +1,9 @@ --- kip: 82 title: A new GC reward structure due to abolition of the Gini coefficient -author: Yeri, Daniel, Aidan, Ollie, Sam, Uno, Eddie +author: Yeri, Daniel, Aidan, Ollie, Sam, Uno, Eddie discussion-to: https://govforum.klaytn.foundation/t/kgp-2-a-new-gc-reward-structure-to-abolition-of-the-gini-coefficient/21 -status: Draft +status: Final type: Standards Track category: Core created: 2022-09-21 @@ -16,7 +16,7 @@ A renewal of the Governance Council(GC) reward structure due to abolition of the In addition to traditional enterprises, Klaytn is expanding the Governance Council (GC) by bringing DAOs in response to the growth of nontraditional entities. Such a change in the GC ecosystem will restructure the entire Klaytn governance structure. Abolishing the current block proposal selection method based on the Gini coefficient and staking quantity, the new reward program alleviates the problem of providing insufficient compensation for the network contribution and block verification due to lack of staking. The instability of certain nodes with high staking amounts can result in poor network stability as a whole. The renewed structure provides 20% of GC rewards to block proposers and the rest to the stakers. This form is to reward the participants for providing network stability with node operation and financial contribution. ## Motivation -Klaytn has been compensating GC with block proposal rewards based on the quantity of staking and the Gini coefficient. This included rewards incurred by minting and gas fee generated by transactions. As mentioned in the [Klaytn 2.0 Lightpaper](https://klaytn.foundation/wp-content/uploads/Lightpaper.pdf), Klaytn is abolishing the Gini coefficient since this measure demotivates members from staking. Discontinuation of the Gini coefficient increases the risk to network stability due to the expanding reliance on certain nodes. This change ultimately calls for the revision of block proposer selection and reward structure. In an effort to enhance individual voting power and promote ultimate decentralization, we aim to accomplish the following changes: +Klaytn has been compensating GC with block proposal rewards based on the quantity of staking and the Gini coefficient. This included rewards incurred by minting and gas fee generated by transactions. As mentioned in the [Klaytn 2.0](https://docs.klaytn.foundation/misc/klaytn2), Klaytn is abolishing the Gini coefficient since this measure demotivates members from staking. Discontinuation of the Gini coefficient increases the risk to network stability due to the expanding reliance on certain nodes. This change ultimately calls for the revision of block proposer selection and reward structure. In an effort to enhance individual voting power and promote ultimate decentralization, we aim to accomplish the following changes: - Ameliorate the risk that block creation depends on larger staker nodes - Associate GC reward with the growth of the Klaytn ecosystem From d05f399398e23c7d7cd374135b60481b698fe51e Mon Sep 17 00:00:00 2001 From: Aidan Date: Fri, 26 May 2023 18:06:44 +0800 Subject: [PATCH 2/2] Change email addresses to github ids --- KIPs/kip-81.md | 2 +- KIPs/kip-82.md | 2 +- 2 files changed, 2 insertions(+), 2 deletions(-) diff --git a/KIPs/kip-81.md b/KIPs/kip-81.md index b2cf8a14..7e13e49f 100644 --- a/KIPs/kip-81.md +++ b/KIPs/kip-81.md @@ -1,7 +1,7 @@ --- kip: 81 title: Implementing the on-chain governance voting method -author: Yeri, Daniel, Aidan, Ollie, Eddie +author: Yeri (@yeri-lee), Daniel (@dcground), Aidan (@aidan-kwon), Ollie (@blukat29), Eddie discussion-to: https://govforum.klaytn.foundation/t/kgp-1-implementing-the-on-chain-governance-voting-method/18 status: Final type: Standards Track diff --git a/KIPs/kip-82.md b/KIPs/kip-82.md index 354527fd..5a08d295 100644 --- a/KIPs/kip-82.md +++ b/KIPs/kip-82.md @@ -1,7 +1,7 @@ --- kip: 82 title: A new GC reward structure due to abolition of the Gini coefficient -author: Yeri, Daniel, Aidan, Ollie, Sam, Uno, Eddie +author: Yeri (@yeri-lee), Daniel (@dcground), Aidan (@aidan-kwon), Ollie (@blukat29), Sam (@smseo), Uno, Eddie discussion-to: https://govforum.klaytn.foundation/t/kgp-2-a-new-gc-reward-structure-to-abolition-of-the-gini-coefficient/21 status: Final type: Standards Track