You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
Funds are minted and spent for lots of different purposes that needs to be constrained
a. funding proposals
b. council member rewards
c. worker rewards
d. working group discretionary spending
e. channel rewards (WIP)
Currently, there the spending constraints around these are not integrated.
Proposal
There is one single top level budget. This budget is updated whenever
council member rewards are paid: budfgt reduced
working group budgets are changed: budget is reduced if group budget is increaed, otherwise it is increased
funding proposals are paid out: budfgt reduced
This budget is increased by a given amount X (storage parameter) every certain blocks Y (hard coded constant) blocks.
Whenever actions 1-3 are attempted, they will fail if it requires more resources than the budget. If a working group budget is reduced, then the budget is actually increased.
The value X can be changed with a proposal, but only within certain hard coded bounds. Notice that when spending occurs within working groups (c,d above), that does nothing, because that is out of a separate budget.
We could also have a cutoff where budget cannot increase beyond a certain level L, but that is not important.
The text was updated successfully, but these errors were encountered:
Background
Funds are minted and spent for lots of different purposes that needs to be constrained
a. funding proposals
b. council member rewards
c. worker rewards
d. working group discretionary spending
e. channel rewards (WIP)
Currently, there the spending constraints around these are not integrated.
Proposal
There is one single top level budget. This budget is updated whenever
This budget is increased by a given amount X (storage parameter) every certain blocks Y (hard coded constant) blocks.
Whenever actions 1-3 are attempted, they will fail if it requires more resources than the budget. If a working group budget is reduced, then the budget is actually increased.
The value X can be changed with a proposal, but only within certain hard coded bounds. Notice that when spending occurs within working groups (c,d above), that does nothing, because that is out of a separate budget.
We could also have a cutoff where budget cannot increase beyond a certain level L, but that is not important.
The text was updated successfully, but these errors were encountered: