DLTA-IP: 001 — Weighting Deduction

The first few months of The DLTA System was for experimenting and testing different insights across the algorithm, and now as we progress into more decentralised coordination, its really important that the community can directtly increase the fairness and accuracy of the weighting contract overtime. This will allow for more products to be built out on top of The DLTA, particularly core DeFi and NFT lending products that require substantial contextual and sentimental data.

Every 24 hours that passes there is a normalised deduction across both active and non-active appraisers whereby there is a 7.5% deduction penalty across an appraiser’s weighting within the system if they haven’t appraised within the last 24 hours, and 2.5% if they have.

The purpose of this deduction penalty is for ensuring more fairness as new members come into the system and thus can effectively be active and scored on the leaderboard, rather than it being impossible for them to keep pace with appraisers who have been active since day one.

The proposal is for deliberating on the deduction penalties and how these should be adjusted- in order to reduce the threshold and promote a more diverse participation range. A number of options have been suggested for penalty deductions, and anyone can respond on the forum to make additional informed suggestions to be included in the Snapshot voting categories.

Suggested Proposal Voting Options:

  1. Reduce non-active appraiser reduction to 5%, active appraiser reduction to 1%
  2. Reduce non-active appraiser reduction to 2.5%, active appraiser reduction to 0.5%
  3. Keep non-active appraiser reduction at 7.5, reduce active appraiser reduction to 1%
  4. Keep non-active appraiser reduction at 7.5, reduce active appraiser reduction to 0.5%
  5. Reduce non-active appraiser reduction to 5%, keep active appraiser reduction to 2.5%
  6. Reduce non-active appraiser reduction to 3.5%, keep active appraiser reduction to 2.5%
1 Like
  1. Reduce non-active appraiser reduction to 5%, active appraiser reduction to 1%
1 Like