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Deploy Exponential Rebates upgrade

GGP-0027 · Council vote #32 on The Graph

Overview

Updated

Approved

Voting ended
Aug 15, 2023
Opened Aug 9, 2023
Submitted
Aug 9, 2023
Aug 9, 12:58 UTC
Members voted
6
One vote each, on Snapshot

Put to the Council by 0xf535f5…83d7

Votes

  • Yes 6 votes
  • No 0 votes

How BitBasic reads the result

  • Approved when more Council members chose Yes than No.
  • Each member has one vote, and Snapshot keeps a member's last.

Description

GIP: 0051 Title: Exponential Query Fee Rebates for Indexers Authors: Justin Grana, Howard Heaton, Tomás Migone

Description GIP-0051 proposes replacing the current query fee rebate distribution mechanism for an exponential function based one to alleviate the shortcomings of the Cobb-Douglas approach. This change requires upgrading the Staking, StakingExtension and RewardsManager contracts on L1 and L2. Additionally, the new mechanism requires setting the rebate parameters to the values recommended in the GIP (α=1 and λ=0.6).

To minimize potential query fee loses for indexers and guarantee a smooth transition the upgrade will be executed in two stages:

  • Stage 1: update a network parameter (channelDisputeEpochs to 1 epoch) to facilitate indexer’s management of allocations and query fee collection.
  • Stage 2: perform the contracts upgrade and configuration.

The date of execution for each stage will be announced publicly via The Graph’s forum and discord channels at least one week before it occurs. For more details on this two stage approach see the GIP.

This GGP proposes approving the upgrades from GIP-0051. Following a successful “yes” vote, the proposed updates from GIP-0051 will be executed following the test plan and deployment plan set out by the Edge & Node Smart Contracts team.

How the Council voted

In the order they voted. Snapshot knows members by address only, so BitBasic doesn't name them.

Member Vote When
0x17118d…2c21 Yes Aug 10, 06:51 UTC
0x325256…ad8e Yes Aug 11, 07:36 UTC
0xc23efd…54e6 Yes Aug 11, 16:58 UTC
0x7eabe4…7fee Yes Aug 15, 13:28 UTC
0x38fa68…4da8 Yes Aug 15, 14:10 UTC
0xb02ce5…80b0 Yes Aug 15, 14:12 UTC