Proposed Bytes Changes for Spring 2022: Difference between revisions

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''Note: This article is only relevant as an overview of an outdated proposal.''


==Models==
Several changes to [[Bytes|$BYTES]] tokenomics were proposed prior to the release of the $BYTES 2.0 proposal. This article outlines the initial proposals and many of the concepts were incorporated into the [[Bytes 2.0 Proposal|$BYTES 2.0 Proposal]].
This table is based on all the proposals being adopted and assumes that:
 
# A citizen is staked on the first day of implementation.
__TOC__
# Halving: $BYTE yield is reduced in increments of 90 days, beginning at 10%, then 12%, 14%, 16%, 18%, and finally 20%.
==Model==
Both the table and bar chart<ref>neosoir's chart: https://docs.google.com/spreadsheets/d/1jQpi7CFSK-MS5WP_p7vynHa_eNo_-KPnX30azrStwUI/edit#gid=0</ref> assume all proposals are adopted and that:
# A citizen is staked on the first day of implementation and remains staked.
# Halving emissions: $BYTE yield is reduced in increments of 90 days, beginning at 10%, then 12%, 14%, 16%, 18%, and finally 20%.
# 100 $BYTES were staked with the citizen (day one of implementation begins with a net negative of 100 $BYTES).
# 100 $BYTES were staked with the citizen (day one of implementation begins with a net negative of 100 $BYTES).
===Total $BYTE Production===
[[File:Proposed-bytes.png|800px|thumb|left]]
<br clear=all>
The Total $BYTE Production chart reflects the maximum possible amount of $BYTES created.
===Individual $BYTE Yield===


{| class="wikitable"
{| class="wikitable"
|+ $BYTE Yield Under Proposed Model
|+ Individual $BYTE Yield Under Proposed Model
|-
! S1 Citizen Yield !! Initial !! Month 1 (55% YLD)!! Month 2 (75% YLD)!! Month 3 (100% YLD)!! Month 4 !! Month 5 !! Month 6
|-
| Low (no vault) || 1 || colspan="7"|0
|-
| Med (no vault) || 3 || colspan="7"|0
|-
|-
| High (no vault) || 8 || colspan="7"|0
! S1 Citizen Yield !! Initial !! Month 1 (55% YLD)!! Month 2 (75% YLD)!! Month 3 (100% YLD)!! Month 4-6 (HE -10%)!! Month 7-9 (HE -12%)!! Month 10-12 (HE -14%)!! Month 13-15 (HE -16%)!! Month 16-18 (HE -18%)!! Month 19-21 (HE -20%)
|-
|-
| Low (Low +1 vault) || 2 || 1.1 || 1.5 || 2 || 1.8181 || 1.8181 || 1.8181
| colspan="5"|''|| colspan="6"|''Halving emissions begins''
|-
|-
| Low (Med +2 vault) || 3 || Example || Example || Example || Example || Example || Example
| style="color:#1fa60f;" | Low (no vault) || 1 || colspan="9"|0
|-
| style="color:#0466c4;" | Med (no vault) || 3 || colspan="9"|0
|-
| style="color:#ea7703;" | High (no vault) || 8 || colspan="9"|0
|-
| style="color:#1fa60f;" | Low (Low +1 vault) || 2 || 1.1 || 1.5 || 2 || 1.8 || 1.584 || 1.36224 || 1.1442816 || 0.938310912 || 0.7506487296
|-
| style="color:#1fa60f;" | Low (Med +2 vault) || 3 || 1.65 || 2.25 || 3 || 2.7 || 2.376 || 2.04336 || 1.7164224 || 1.407466368 || 1.125973094
|-
| style="color:#1fa60f;" | Low (Med High +3 vault) || 4 || 2.2 || 3 || 4 || 3.6 || 3.168 || 2.72448 || 2.2885632 || 1.876621824 || 1.501297459
|-
| style="color:#1fa60f;" | Low (High +4 vault) || 5 || 2.75 || 3.75 || 5 || 4.5 || 3.96 || 3.4056 || 2.860704 || 2.34577728 || 1.876621824
|-
| style="color:#1fa60f;" | Low (Very High +5 vault) || 6 || 3.3 || 4.5 || 6 || 5.4 || 4.752 || 4.08672 || 3.4328448 || 2.814932736 || 2.251946189
|-
| style="color:#1fa60f;" | Low (? +7 vault) || 8 || 4.4 || 6 || 8 || 7.2 || 6.336 || 5.44896 || 4.5771264 || 3.753243648 || 3.002594918
|-
| style="color:#0466c4;" | Med (Low +1 vault) || 4 || 2.2 || 3 || 4 || 3.6 || 3.168 || 2.72448 || 2.2885632 || 1.876621824 || 1.501297459
|-
|-
| Low (Med High +3 vault) || 4 || Example || Example || Example || Example || Example || Example
| style="color:#0466c4;" | Med (Med +2 vault) || 5 || 2.75 || 3.75 || 5 || 4.5 || 3.96 || 3.4056 || 2.860704 || 2.34577728 || 1.876621824
|-
|-
| Low (High +4 vault) || 5 || Example || Example || Example || Example || Example || Example
| style="color:#0466c4;" | Med (Med High +3 vault) || 6 || 3.3 || 4.5 || 6 || 5.4 || 4.752 || 4.08672 || 3.4328448 || 2.814932736 || 2.251946189
|-
|-
| Low (Very High +5 vault) || 6 || Example || Example || Example || Example || Example || Example
| style="color:#0466c4;" | Med (High +4 vault) || 7 || 3.85 || 5.25 || 7 || 6.3 || 5.544 || 4.76784 || 4.0049856 || 3.284088192 || 2.627270554
|-
|-
| Low (? +7 vault) || 8 || Example || Example || Example || Example || Example || Example
| style="color:#0466c4;" | Med (Very High +5 vault) || 8 || 4.4 || 6 || 8 || 7.2 || 6.336 || 5.44896 || 4.5771264 || 3.753243648 || 3.002594918
|-
|-
| Example || Example || Example || Example || Example || Example || Example || Example
| style="color:#0466c4;" | Med (? +7 vault) || 10 || 5.5 || 7.5 || 10 || 9 || 7.92 || 6.8112 || 5.721408 || 4.69155456 || 3.753243648
|-
|-
| Example || Example || Example || Example || Example || Example || Example || Example
| style="color:#ea7703;" | High (Low +1 vault) || 9 || 4.95 || 6.75 || 9 || 8.1 || 7.128 || 6.13008 || 5.1492672 || 4.222399104 || 3.377919283
|-
|-
| Example || Example || Example || Example || Example || Example || Example || Example
| style="color:#ea7703;" | High (Med +2 vault) || 10 || 5.5 || 7.5 || 10 || 9 || 7.92 || 6.8112 || 5.721408 || 4.69155456 || 3.753243648
|-
| style="color:#ea7703;" | High (Med High +3 vault) || 11 || 6.05 || 8.25 || 11 || 9.9 || 8.712 || 7.49232 || 6.2935488 || 5.160710016 || 4.128568013
|-
| style="color:#ea7703;" | High (High +4 vault) || 12 || 6.6 || 9 || 12 || 10.8 || 9.504 || 8.17344 || 6.8656896 || 5.629865472 || 4.503892378
|-
| style="color:#ea7703;" | High (Very High +5 vault) || 13 || 7.15 || 9.75 || 13 || 11.7 || 10.296 || 8.85456 || 7.4378304 || 6.099020928 || 4.879216742
|-
| style="color:#ea7703;" | High (? +7 vault) || 15 || 8.25 || 11.25 || 15 || 13.5 || 11.88 || 10.2168 || 8.582112 || 7.03733184 || 5.629865472
|}
|}


Source: https://docs.google.com/spreadsheets/d/1jQpi7CFSK-MS5WP_p7vynHa_eNo_-KPnX30azrStwUI/edit#gid=0
==Sources==
<references />

Latest revision as of 18:07, 21 April 2022

Note: This article is only relevant as an overview of an outdated proposal.

Several changes to $BYTES tokenomics were proposed prior to the release of the $BYTES 2.0 proposal. This article outlines the initial proposals and many of the concepts were incorporated into the $BYTES 2.0 Proposal.

Model

Both the table and bar chart[1] assume all proposals are adopted and that:

  1. A citizen is staked on the first day of implementation and remains staked.
  2. Halving emissions: $BYTE yield is reduced in increments of 90 days, beginning at 10%, then 12%, 14%, 16%, 18%, and finally 20%.
  3. 100 $BYTES were staked with the citizen (day one of implementation begins with a net negative of 100 $BYTES).

Total $BYTE Production

Proposed-bytes.png


The Total $BYTE Production chart reflects the maximum possible amount of $BYTES created.

Individual $BYTE Yield

Individual $BYTE Yield Under Proposed Model
S1 Citizen Yield Initial Month 1 (55% YLD) Month 2 (75% YLD) Month 3 (100% YLD) Month 4-6 (HE -10%) Month 7-9 (HE -12%) Month 10-12 (HE -14%) Month 13-15 (HE -16%) Month 16-18 (HE -18%) Month 19-21 (HE -20%)
Halving emissions begins
Low (no vault) 1 0
Med (no vault) 3 0
High (no vault) 8 0
Low (Low +1 vault) 2 1.1 1.5 2 1.8 1.584 1.36224 1.1442816 0.938310912 0.7506487296
Low (Med +2 vault) 3 1.65 2.25 3 2.7 2.376 2.04336 1.7164224 1.407466368 1.125973094
Low (Med High +3 vault) 4 2.2 3 4 3.6 3.168 2.72448 2.2885632 1.876621824 1.501297459
Low (High +4 vault) 5 2.75 3.75 5 4.5 3.96 3.4056 2.860704 2.34577728 1.876621824
Low (Very High +5 vault) 6 3.3 4.5 6 5.4 4.752 4.08672 3.4328448 2.814932736 2.251946189
Low (? +7 vault) 8 4.4 6 8 7.2 6.336 5.44896 4.5771264 3.753243648 3.002594918
Med (Low +1 vault) 4 2.2 3 4 3.6 3.168 2.72448 2.2885632 1.876621824 1.501297459
Med (Med +2 vault) 5 2.75 3.75 5 4.5 3.96 3.4056 2.860704 2.34577728 1.876621824
Med (Med High +3 vault) 6 3.3 4.5 6 5.4 4.752 4.08672 3.4328448 2.814932736 2.251946189
Med (High +4 vault) 7 3.85 5.25 7 6.3 5.544 4.76784 4.0049856 3.284088192 2.627270554
Med (Very High +5 vault) 8 4.4 6 8 7.2 6.336 5.44896 4.5771264 3.753243648 3.002594918
Med (? +7 vault) 10 5.5 7.5 10 9 7.92 6.8112 5.721408 4.69155456 3.753243648
High (Low +1 vault) 9 4.95 6.75 9 8.1 7.128 6.13008 5.1492672 4.222399104 3.377919283
High (Med +2 vault) 10 5.5 7.5 10 9 7.92 6.8112 5.721408 4.69155456 3.753243648
High (Med High +3 vault) 11 6.05 8.25 11 9.9 8.712 7.49232 6.2935488 5.160710016 4.128568013
High (High +4 vault) 12 6.6 9 12 10.8 9.504 8.17344 6.8656896 5.629865472 4.503892378
High (Very High +5 vault) 13 7.15 9.75 13 11.7 10.296 8.85456 7.4378304 6.099020928 4.879216742
High (? +7 vault) 15 8.25 11.25 15 13.5 11.88 10.2168 8.582112 7.03733184 5.629865472

Sources

  1. ↑ neosoir's chart: https://docs.google.com/spreadsheets/d/1jQpi7CFSK-MS5WP_p7vynHa_eNo_-KPnX30azrStwUI/edit#gid=0
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