Monthly Activity Report for Recognized Delegate Program
The IP community passed a proposal for the Recognized Delegates Program on December 18th. Proposal:IP Recognized Delegates Program
Compensation Eligibility:
- Communicate on the IP forum how and why a delegate voted the way they did within seven days of the close of a vote (minimum 90% of the time) in their dedicated delegate thread.
- Command voting weight greater than or equal to 1 basis point of the total IPT supply;
- Participate in at least 90% of all on-chain IP votes within the previous 90 days
- The Recognized Delegate (or one authorized representative if a team or institution) must attend at least one public protocol development call each month.
Compensation Calculation
Communication and vote participation metrics will use a cumulative average on a rolling window of 120 days (accounting for sickness, leave, or any other lack of activity).
Each Recognized Delegate will be entitled to a monthly compensation of:
y = (0.0989899*x+0.1010101)/12
y = Compensation (in IPT)
x = Lowest total of IPT delegated to address during that calendar month
In the event a delegate utilizes two addresses during the same month (e.g. moving from an EOA to a multisig), the larger of the two addresses will be used for compensation purposes.
(Measurement) To ensure that the recognized delegates have met their responsibilities for compensation, an administrator will
- Review delegate communication on voting and reasoning ( within the specified timeframe)
- Record on-chain IP votes by delegates at vote close
- Note attendance at the public protocol development meeting
- Provide a summary of these metrics for all Recognized Delegates in a post on the Interest Protocol forum once per month
Activity
Below is the information on the delegates and their activity for a month period ( Jan 5- Feb 5); two delegates are eligible for compensation who are IPT Man & Penn Blockchain (FranklinDAO).
NB
*voting weight was measured based on the wallet provided on the delegate page
** Month is calculated from the 5th of the month until the 5th (e.g., Jan 5- Feb 5)
