Rewards
TIG rewards both Innovators and Benchmarkers for their contributions to the network through block rewards.
Rewards For Benchmarkers
Benchmarkers are rewarded for selecting algorithms and computing solutions for challenges. They are incentivised to adopt the most efficient algorithms and share block rewards proportional to the number of solutions found. They can also share a portion of their rewards with delegators to incentivise them to delegate their deposits.
OPoW Rewards
OPoW rewards are the rewards earned by the Benchmarker before deducting the share with the delegators.
The rewards are calculated as follows:
Where 0.7 is the fraction of block rewards that gets shared amongst all the Benchmarkers(before deducting the share with the delegators). This means that 70% of the block rewards are shared amongst all the Benchmarkers.
influence is the fraction of block rewards that the Benchmarker earns from their solutions and their delegated deposits.
Benchmarker Rewards
Benchmarker rewards are the rewards earned by the Benchmarker after deducting the share with the delegators.
The rewards are calculated as follows:
Where is the percentage of the OPoW rewards that the Benchmarker wants to share with the delegators. They can update this once every 1440 blocks and can range between 0% and 25%.
Delegator Rewards
Delegator rewards are the rewards earned by the delegators after delegating their deposits to a Benchmarker.
The rewards are calculated as follows:
Where the is the sum of all the weighted deposits delegated to the Benchmarker, and is the deposit of the delegator.
Rewards for Innovators
Innovator rewards are the rewards earned by the Innovators for creating and submitting newer/optimised algorithms. The rewards are calculated based on the adoption of the algorithm by the Benchmarkers.
Algorithm Rewards
Algorithm rewards are the rewards earned by the Innovator for submitting an algorithm that is adopted by the Benchmarkers.
The rewards are calculated as follows:
Where 0.15 is the fraction of block rewards that gets shared amongst all the Innovators. This means that 15% of the block rewards are shared amongst all the Innovators.
are the total number of challenges.
One of the following conditions must be true for an algorithm to be eligible for rewards:
- The algorithm should be merged and adopted by the Benchmarkers.
OR
- The adoption should be greater than or equal to 25%.
To calculate the :
Where is the adoption of the eligible algorithm normalised to 1.
Breakthrough Rewards
Breakthrough rewards are the rewards earned by the Innovator for submitting a breakthrough that is adopted by the Benchmarkers.
The rewards are calculated as follows:
Where 0.15 is the fraction of block rewards that gets shared amongst all the Innovators. This means that 15% of the block rewards are shared amongst all the Breakthrough Innovators.
are the total number of challenges.
One of the following conditions must be true for a breakthrough to be eligible for rewards:
- The breakthrough should be merged and adopted by the Benchmarkers.
OR
- The adoption should be greater than or equal to 50%.
To calculate the :