DFIP #1: Bitcoin anchor reward source and mechanics adjustments

[uzyn]

Overview

In the white paper, every 60 blocks 5 DFI is set aside to be paid out to successful Bitcoin anchoring. The paper does not mention the source of the 5 DFI. This proposal is to address the source for anchor funding and make it clear and trackable.

Proposal

0.1 DFI from each mined block to be accumulated in a smart contract address. This 0.1 DFI should be coming from the community part of the reward (i.e. 10% of block rewards).

If this proposal passes: block reward would look as follows:

• 180 DFI as mining reward for masternode
• 19.9 DFI goes to community fund
• 0.1 DFI goes to Bitcoin anchor reward smart contract

Upon successful anchoring, the entirety of the smart contract holding (in DFI) will be awarded to the anchorer.

Upon approval, this proposal will be implemented during the next hard fork.

Stage

• Request for Comment (RFC)
• Voting
• Concluded - PASSED

This proposal is currently on RFC stage for discussion. Once it gets the initial general understanding and acceptance, it will then proceed to voting stage. Voting will be conducted by masternodes. As this is likely one of the first votes of DeFiChain, voting instructions will be announced in due time.

Voting

Masternode snapshot will be taken at block 294,000 of DeFiChain mainnet.

Voting will open until Monday, 21 September 2020 00:00 UTC. Please post your votes and proofs here in this GitHub issue before the closing time.

Refer to README for voting instructions.

Vote options

• Yes, I agree. Sign: dfip-1 yes
• No, I do not agree. Sign: dfip-1 no
• Neutral. Sign: dfip-1 neutral.

Results

21 votes received.

20 masternodes voted for yes. 1 voted for no.

DFIP #1 passes.

[robcoins]

In the long run, increase BTC amount and will I receive more slices to converting to coin in the long term?

[uzyn]

@robcoins

In the long run, increase BTC amount and will I receive more slices to converting to coin in the long term?

A direct result would of this would reduce your masternode reward. However, you should still be getting higher returns as compared to before the dropping off of foundation nodes.

[uzyn]

Masternode votes from Cake DeFi (https://cakedefi.com) for DFIP #1

Raw voting results

Survey is carried out by Cake DeFi to their stakers.

Details: https://medium.com/@cakedefi/cakes-processing-of-defichain-s-dfips-1-2-bfacb66dc986

Raw voting results: https://docs.google.com/spreadsheets/d/13xxMhm5_-wA_Yogng-mtU3p0zRUJ-tG7NeOHOJj0q8A/edit?usp=sharing

20 masternodes for YES

$ defi-cli signmessage 8VEcBnvWg4HrC1Qt1iYQJ3Vvuf252msaRU 'dfip-1 yes'
H+lLyM/c1V7AQVRcwiu4fvv4ncc6fXDElz2jlwpXpDP4GhtgEAhOT/+c/WDd/oXjCTw/zsuXIhHMXipGZNOcwIw=

$ defi-cli signmessage 8GDQwiYrQxomXNgtrnn1Rtd2r7sCBsuoDt 'dfip-1 yes'
H8xYcRWSKqtdiXeyLGTjFsnSFw7i1Xgw+J2/A2j8JE/7XLrzJi1VSh4KOk5zWRIlm7FvsgjzTKCXkMNFfFrfD3g=

$ defi-cli signmessage 8UirEzTmzJe3qFjKNCamNi4BxWZhKNK2vM 'dfip-1 yes'
H0dvAeqMP4MRA3OeCv7i0UBGXeKBsLZr4KFlH3i2+trKdwvLk2FfaUaMF+06FOtPnEDzhr5pBqD1p5Q0YG2rmEU=

$ defi-cli signmessage 8Pyhd746fsFPtAdbCdn2dBkthCeFty9jmX 'dfip-1 yes'
Hwea7WU7mEb6bRNoSr35DVruAq4/95lfqLdOcwmM+//HEo3B+BuLhEj0bHAqETn1dTrZG336KYc2MSj1kfAor1I=

$ defi-cli signmessage 8Pv6Tydvq58f8koa3rEXrz7aRV658SdsCJ 'dfip-1 yes'
H98YtCCtB5lb2mVgNGNG68mhSOdaDAdmn/5kZGe1fQi0belF43+VrtbogQJo4934yM+b8RsI8zN5q4LvqzB4loc=

$ defi-cli signmessage 8Wq5Vm6Y9HtsCw4ziLiHcmtcqGJEHmtJ6N 'dfip-1 yes'
H2wP4m6WApifBExP4ZMQKtZ/TCXr0vZbIZweuyWpgWBxQY6f/tnQG1GGxtpIBjBKQ1odXuFUVnWH2/YpXyljk+M=

$ defi-cli signmessage 8KeF3owaWK3icc37HPWsPtUq5jrCiDa3sK 'dfip-1 yes'
ILc2rILvsvv7CZm/6NwYr+5t+qUt0+kOZhYVoW1C+XqKIkb+UbcZ0ppmPUEkiG01uFQ2M3Gjgnf7fGKX/xX57aY=

$ defi-cli signmessage 8FQ67ZMTNMEbpQEUzZ5MbAFKKfJTo1uLNx 'dfip-1 yes'
IPbdW+/ujeml0n5JcqSNzRp6AwKxDp0p4a4urelmY4+4CUz64YD5djadN5KOP/TnW7MJOaDvU2sUp8faO3w+cmQ=

$ defi-cli signmessage 8aw7NdLgTMRE7T59U4qPTbQNcuc2cC7rGB 'dfip-1 yes'
IJfBXgtGXnktyqR8cjd40LpKTsjIcj+IxZpz/egP8AoidAYwnVPa+P2w9FISdSzcNW4rq+TA+usNAtH0gvErIkQ=

$ defi-cli signmessage 8FphQuBa25UGYAK9F6HB3bh6ukRSbRsGMn 'dfip-1 yes'
H6eQuTyre7BOUaeN5skH1A8jDE+Ok7y3AjMZfBm1vQi8YORhiTDfRanKKOdplhz32b2+n7VAHICGIB5yYVTA8l4=

$ defi-cli signmessage 8WU4jSULSSc7Lz8xi6T8Qe6RXYmEno3YfZ 'dfip-1 yes'
IH00Ef5o2iyftsmPBiutGlAisw1Oqm90wVFDesNRqj9lJetIpnhqvsewg/48oCVpQsQzKpObXcG7oq0DveFlZO0=

$ defi-cli signmessage 8PTT1Yk89hbmUfgizxDyiCV8iMj46Uod3f 'dfip-1 yes'
IAIedZ7AIJ4qFaoEvhOKLmfQEir17pnHkiW0RSqsFzhsJvh/Dx5Ps7KBlqlGFyEG4uPtez7FIAbyF/BSFH6eUiY=

$ defi-cli signmessage 8RgFCLH6A99sZiiZdoamhbUJgCvMTWJuMk 'dfip-1 yes'
H9n7EuU7V8h0DDAxft3da1femROKCn3KRfPviGXPb4vqQNFLq9C3lRQe/bjvGAWeRB0HRZbKUVoAbLNOLvRfvBs=

$ defi-cli signmessage 8Wm14DjR6kiohatcmigKZUsAB6e9padB5j 'dfip-1 yes'
H92O3EQuv8tN9yCax8RBpkMXYwwFKgUBj846oTRIVNhAEUjSZweoixTXRMls5m2wdKwS35O2S1p1QbB7RrhBbR8=

$ defi-cli signmessage 8S6dXTmZxb6hxEe9k4DEJbANDmqUqEjtFW 'dfip-1 yes'
IG5qAKdbd0rQCrf5U01vsjbnIfVpSVL+oGJIUeijcSyrJxrOzJW7REaV7Zjy11wS1nJnOIO6Syw/AZDb6p5XCZ8=

$ defi-cli signmessage 8LnqhZQzFVwwaX7TUrTw3ckUffuz1pLYTf 'dfip-1 yes'
IJpY+uEGdN8m9SO+PmJYDnL0VTjvSGuqP7wwSKFWooDSP79OKSIWu5dCxp2b6GShvXfu5VRTAd1wKsWTWRvGmpQ=

$ defi-cli signmessage 8LiBz8jzjipCbZ3tMpivWYbP5DjCaK2dCp 'dfip-1 yes'
IADMsuicep3E9I+TW+gKV3z6oGlD/OMgflJvIGvYQvyQHHAbpW5oSA8kCLpunPHRypdLpIOKP/lQKCKvpf7q6yM=

$ defi-cli signmessage 8VwszPSzgpJ7mDrck3GKdC5EVPpbifyPES 'dfip-1 yes'
IKq/ArDT9SSmNe3ZvkMjuzqlwh28R/yE1DqBxiQ4MfYTIRHHe8lVHYeiy25qQO4YK6qdMi8JBcC4YmeSKGajqPE=

$ defi-cli signmessage 8GarTcQUsmXoPtFN3Ty25Dbn5RgmTpfeAj 'dfip-1 yes'
IJyCyol9FRdb96hn/+ov/Wxorg6jGc4nNpje+52cqJPfZrZVOvggO7PqSPFYNTot6qd+JcStMc5t3wa7lQN0C/U=

$ defi-cli signmessage 8TWEeZAbijMzoHqCBC48jnEykpktZNoJvo 'dfip-1 yes'
IKNE7TiUV0Y82wNs2RwF3AerOtCkxmwaSsG+mq0ue3fmOk0k4iJgL5Kk8t/mG3Gau5FF1AzQNm+YTFp+WAMi60c=

1 masternode for NO

$ defi-cli signmessage 8K4RTe6TnYDf5VtuuQw7MkZMU8cW4Pimfz 'dfip-1 no'
H8m8M/DLW4Ee/UzuCN5SAXADpqAaJmkTu6qTDHhZLw86Dv6DJ2YEDFh/a+JN3hN/HtfExJlvH9Oo6WuCbeehgyY=

[uzyn]

Voting closed with 21 votes collected. 20 masternodes voted for yes, 1 voted for no.

DFIP #1 is thus passed.

[Petra-bit]

Yes, I agree. Sign: dfip-1 yes

[Petra-bit]

Yes, I agree. Sign: dfip 3,4,5,6 yes
DFIP 3 (Liquidity Mining Rewards)
DFIP 4 (Masternode Collateral)
DFIP 5 (LTC-DEX Pair)
DFIP 6 (BCH-DEX Pair)