2020.2 Grant Pool Valuation

Do you approve the value of 119,000FCT for grant round 2020.2?

  • No

    Votes: 0 0.0%
  • Abstain

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Authority Nodes Consensus Networks Consensus Networks Innovative Secured Connection (ISC)

  • Total voters
    23
  • Poll closed .

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Grant round 2020.2 is fully upon us and we do not yet have the final amount agreed to. I am proposing this two day discussion followed by a 36 hour voting period to determine the final amount for grant round.

Based upon my grant pool calculator, I am seeing:

Current block: 244175
Current round: 2020.2
Activation block: 246401
Payout block: 247401
Payout date: 2020-06-01
Existing Grant Pool: 89720
Grant round contribution to payout date: 30487
Grant pool at payout date: 120207

Therefore, I propose we vote to approve the grant pool amount for round 2020.2 at:

120,000FCT paid out on block 247401 with an activation block of 246401.

This does not allow much room for error and I welcome anyone else who has done their own calculations to bring them forward so we can discuss and lock in the final amount prior to voting commencing.

-Nolan
 

Chappie

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Based on my calculator, which only estimates it to the nearest day rather than the nearest block, I think 120k is likely to be an accurate estimate of the size of the grant pool on payout day.

However, if we payout 120k it really leaves us no room for error at all. In the past we have left a small buffer. Here, the payment of 120k could take us into negative territory if the calculation is off only slightly or if there is more than 1 moderate efficiency change. I suggest we lower the total amount very slightly just to give us a small amount of breathing room.

Is the grant pool holding any bug bounty funds?
 
Is the grant pool holding any bug bounty funds?
It's around 200 FCT, according to this https://github.com/FactomProject/factomd/blob/master/state/grants.go, if I calculated correctly.

This does not allow much room for error and I welcome anyone else who has done their own calculations to bring them forward so we can discuss and lock in the final amount prior to voting commencing.
I think reducing max possible awards by 1% (1200 FCT), which is equal to ~1 day of pause, is a good way to go.
Considering 200 FCT of bug bounty, we may go for 119000 FCT total for this grant round.
 
That’s a great point that I overlooked... the bug bounties.

For my calculator, I’ll add in the 1% buffer for future calculations. In the past as guides we used buffers but wasn’t sure which buffer to use. 1% seems appropriate. I’ll also work to code in the bug bounties and any “escrow” type grants that haven’t paid out yet.
 

Chappie

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