Rewards Distribution Update.

21 Oct 2020, 15:57

Rewards Distribution Update TLDR Due to gas costs, we will be implementing limits on manual rewards distributions to make them more economical; For today, rewards will be manually distributed to all users that have accumulated >$50.00 in total rewards (AKRO or ADEL); Moving into next week manual rewards distributions will be occurring only on total rewards that are >$100.00; Vesting rewards will be reflected into the Delphi UI this week, for monitoring purposes however, distribution will remain manual for some time. Summary and Rationale While ETH gas costs seem to have calmed down since the height of the LM mania, it remains uneconomical for projects to manually distribute staking/LM rewards that are below the cost to send a transaction with a very limited number of teams doing this. To be transparent, it costs >$7,000 USD bi-weekly to distribute rewards for our ~4,000 users. As this negatively impacts the burn rate of Akropolis treasury funds, we have decided to limit rewards distributions to certain thresholds. Today we will be manually distributing rewards to all users that have accrued >$50.00 in total rewards and moving forward we will only distribute rewards manually once users have accrued >$100.00 in total rewards. We understand that receiving rewards on a limited basis impacts our users, but we believe that the money saved in doing so will be better served by enhancing our product. Finally, we will be incorporating vesting rewards into the Delphi UI by the end of the week so that users can monitor their rewards. Having said that, we will still be manually distributing rewards for some time into the future to save gas costs for almost 4,000 of our users - enabling Delphi and LM to be accessible for even those with smaller funds.