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Implement Telos Voting System Improvements #50

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pmjanus opened this issue Feb 26, 2025 · 0 comments
Open
17 tasks

Implement Telos Voting System Improvements #50

pmjanus opened this issue Feb 26, 2025 · 0 comments

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@pmjanus
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pmjanus commented Feb 26, 2025

[Enhancement] Implement Telos Voting System Improvements

🔄 Description
Implement three key changes to the Telos voting system to improve decentralization and BP incentives: decay mechanism, tiered BP pay, and self-stake boost.

📋 Key Features

  • Implement vote decay multiplier for both EVM and native chains
  • Create tiered BP payment structure replacing the current 2-tier system
  • Add self-stake boost to incentivize BP skin-in-the-game

🧠 Tasks

  • Vote Decay Implementation

    • Add decay multiplier to native sys contracts before deployment - there's already code for this, it was removed. It needs to be reviewed. We want to make it configurable so decay should be stored in a table.
    • Implement as multiplier against new votes (not reducing old vote weight)
    • Add to native side with configurable multiplier (default to 1)
    • There is another value: amount that the decay value will increase over a time period
    • This needs to be replicated on EVM so implementation on native should be compatible with evm implementation
    • Create action to sync EVM decay multiplier with native chain
  • Tiered BP Pay Structure

    • Replace current 2-tier system (1-21 full pay, 22-42 half pay)
    • Implement hardcoded list of 42 pay multipliers
    • Modify "to_producers" amount distribution logic
    • Reuse existing "shares" logic where applicable
  • Self-Stake Boost

    • Implement check for BP's stake to itself (rex or regular stake)
    • Apply self-stake multiplier (likely 10x) to BP's own votes
    • Apply boost after standard vote calculation but before decay multiplier
    • Ensure compatibility with existing DPOS voting mechanism

🔍 Technical Details

  • Decay is implemented as a multiplier against new votes only
  • BP pay uses 42 different payment tiers rather than formula-based calculation
  • Self-stake boost adds (BP's stake × multiplier) to their vote weight

⏱️ Timeline

  • Decay mechanism: Future proposal
  • Self-stake and tiered pay: Include in current planned updates
  • Consolidate all changes into single upgrade/testing/audit cycle

🔗 References

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