Liquidity Improvement for Storage Miners

[zixuanzh]

FIP-000X Liquidity Improvement for Storage Miners

Read: FIP Draft

Abstract

This proposal allows a substantial fraction of block rewards to be immediately available for withdrawal to allow for greater liquidity and decision freedom for storage miners. The majority of mining rewards continue to vest over 180 days as collateral to reduce initial pledge, to align long-term incentives, and to guarantee storage reliability.

[de-authority]

Great. bro.
we want survive .

[apdan510]

Yes thank you. All we want is to reinvest the fil back into more sectors

[weforu]

good idea

[benjaminh83]

Makes total sense. Otherwise we could see a drop in sealing new sectors, as miners will slow down sealing to match the limited FIL supply from vesting block rewards with needed collateral for new sectors. That not an ideal/wanted behavior.

[hyunmoon]

Would it be possible to allow the rest to be used as pledge collateral?
25% is better than 0% but I'm afraid it's still not enough to keep our machines running.
We need liquidity for pledge collateral more than for withdrawal.

[tancs2020]

Actually 25% is still far from enough. The FILs that the investors can sell is more than 10 times as miners very day. IT IS UNFAIR !

[yskj-liang]

We need more fils as collateral, or lower mortgage standards

[tuzi14135]

We need to lower the mortgage standards

[backeyzhang]

The 25% release is still not enough, the locked position should be used as collateral according to the previous statement

[asdisg]

Now it’s no longer extravagant to ask for fairness, but whether you have calculated. If the increase in computing power released by miners is far from being mortgaged, even if it is all released, it will not be enough for mortgage, let alone only 25%, and your previous promise, lock The warehouse can be mortgaged, this matter is still not realized near the main network

[waynewyang]

@zixuanzh @jbenet
Compared to the previous economic model, it's a good news for miners that 25% of the reward is released immediately.

However, miners need available balance to increase power, but according to the current economic model, the rewards released are still not enough to maintain the normal growth of miners' power. If the available amount of reward cannot be used for the growth of power, the existing Filecoin hardware resources will possibly flow to other areas, causing the loss of resources in the Filecoin ecosystem.

For the entire filecoin ecosystem, it may be better to increase the proportion of rewards released immediately or shorten the reward release cycle, For example, if the immediate release ratio change to 50%(Or immediate release ratio is 25% , and change the reward release period to 90 days), then It can basically meet the growth of miner's power.

As long as the miner's reward can meet the growth of its power, it can ensure that the Filecoin ecological hardware resources will not be lost.
Thank you.

[cwhiggins]

I do not agree with the rational that block reward should match miner growth potential, that is ridiculous.
Exponential growth is not sustainable in any system, the network has been growing too fast as it is. If PL expects growth to continue at the same rate then they should be telling all participants of smaller size to bow out, now.

[waynewyang]

@cwhiggins For large miners and small miners, this is the same logic.The increase of miners' computing power (which will be real transactions in the future) belongs to the production market, and the idleness of the production market is not beneficial to the ecology.
Miners should have the basic right to participate in the production market or financial market.
This is better for both big miners and small miners.

[NSC-FIL]

Any change to release pledged collateral should not incentivize miners to liquidate their FIL to simply sell for profit in the financial market. How to keep the released FIL in the production market is important for the stability of the Filecoin network IMHO. I agree some pledged collateral should be released for miners to continue operations and calculations should be made to limit the amount so not to give too much advantage to the top miners who already have a huge advantage in power growth. Smaller and newer miners should have a chance to sustain and grow to keep Filecoin decentralized.

[caokun8341]

Personally, I feel that an unlimited pile of hard drives and sealing a bunch of useless garbage data is a great waste. Only by storing the user's valid data is it meaningful to get rewards!