# Marlin Larvanet: Network Rewards ## Stats Maximum supply of POND: 10,000,000,000 Current rate of annual POND inflation: 1.03% of maximum supply Number of POND tokens to be distributed over a year: 102,766,667 Number of POND tokens to be distributed daily: 102,766,667/365 Note: Numbers shared below are based on current circulating supply values. The reward rate will be updated to keep staking in Marlin competitive compared to other avenues. ## Stakeable tokens 1) Marlin staking contracts allow arbitrary token addresses to be staked provided the token addresses are whitelisted. 2) This allow both MPond and POND to be staked but also Uniswap/Sushi LP tokens as and when added via governance. 3) Network rewards will be split amongst whitelisted tokens in proportions that may be updated via governance. ## Background 1) Say, there are n clusters registered in the network. Block producers randomly choose m clusters to send blocks. The m clusters chosen may vary every block interval. 2) The closer the cluster has a node to a block producer, the faster it receives a block. 3) Blocks are propagated and sent to receivers. Receivers are gateways run by other block producers and full nodes. Gateways sign receipts which lead to rewards with certain probability when submitted onchain. Additional info: Data sent to the m clusters in Step 1 is actually erasure coded and receiver gateways can reconstruct data using chunks received from only x of the m clusters and thus only sign receipts of the first y clusters that send them chunks such that x < y < m < n. Intutively speaking, this ensures that there more clusters (y) than what's required to reconstruct data (x) are incentivized to participate while the fact that more clusters were sent data (m) ensures that there's incentive to provide lowest latency possible. ## Larvanet Implementation 1) To smoothen the cognitive and technical barrier, Marlin will continue to operate probes and be the only whitelisted sender and receiver. 2) m is initially set 5 and y to 3. 3) Clusters are chosen with a probability proportional to square root of the sum of delegations. In short, higher the delegations, higher the chances of your cluster being chosen amongst the 5 every block interval. Lower the latency, higher the chances of being in the top 3 to receive receipts. Paramters 3 and 5 will tuned through the course of the Larvanet. ## Reward Distirbution 1) Receipts for every block interval will be aggregated and every 24 hours, 102,766,667/365 POND tokens will be distributed amongst clusters in proportion to total accumulated receipts. 2) Rewards are initially only enabled for Ethereum, but similar to FlowMint, rewards will be distributed over multiple networks eventually. 3) Cluster operators set a commission f. Fraction f of rewards the cluster gets every 24 hours goes to the operator's reward address. Fraction (1-f) is equally dedicated (50-50) for POND and MPond delegators of that cluster. ## Corollaries 1) Since probability of a cluster being chosen is quadratic, there should be a certain tipping point where its more profitable to operate another cluster. 2) The 50-50 distribution of cluster rewards amongst POND and MPond delegators should ensure a more uniform POND delegation lest the POND APR for highly popular clusters turns incompetitive. 3) If APRs for POND happen to be significant, it should be a reasonable choice for POND holders to convert to MPond to operate clusters and charge a high commission. Commission is tunable by cluster operators and can be used as a lever to manage APRs for POND and MPond holders by cluster operators (MPond holders) themselves. <!-- ![](https://i.imgur.com/nDMpcnf.png) -->
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Siddhartha Dutta
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A trivial attempt at optimizing blockchain networking through incentivization

Abstract Blockchains are inherently broadcast networks which means that every block published by a block-producer is propagated to all the other nodes in the network. In PoW chains, blocks are required to be propagated fast enough to keep orphan rates low. High orphan rates reduce security and also encourage centralization. On the other hand, PoS chains with 1-2 second block times restrict the size of the network to a few hundred nodes or lesser. Peer to peer networking, today, follows an unincentivized commons model which isn't incentive compatible for the parties involved. Full nodes in the network which are the backbone of decentralized and censorship-resistant propagation are not incentivized for the same in the absence of which block producers have conflicting interests when forwarding blocks. An unincentivized model further adds uncertainty onto the time by which blocks reach every interested party. We address these issues by proposing an incentivized and efficient relay networking protocol called Marlin Relay. Marlin Relay creates incentives for nodes in a network to compete with one another to propagate blocks. We believe that a blockchain-agnostic incentive-compatible relay network can increase the network-layer security of individual blockchains while also boosting their throughputs by pooling bandwidth resources and reducing tail latency. Introduction Blockchain is a replicated state machine with a consensus protocol for all the nodes to have a common view of the system. Each block added to the replicated state machine is broadcasted across the network to ensure consistent view. Blocks in PoW chains especially, have to be propagated fast enough so that the other miners mine on top of the latest block instead of mining at the same height as already mined. Blocks hop on a number of flaky nodes with unstable internet connections and pass through trans-continental submarine links as they make their way to other nodes spread across the globe. Unsurprisingly, the transmission requires some time (due to packet losses and consequent retransmissions) leading to the occasional discovery and transmission of a competing block at the same height in the midst known as forks. The occurrence of forks compromise open networks in two more ways:

10/30/2021
Marlin Larvanet: Network Rewards

Stats Maximum supply of POND: 10,000,000,000 Current rate of annual POND inflation: 1.03% of maximum supply Number of POND tokens to be distributed over a year: 102,766,667 Number of POND tokens to be distributed daily: 102,766,667/365 Note: Numbers shared above are based on current circulating supply values. The reward rate can be updated to keep staking in Marlin competitive compared to alternative venues. Stakeable tokens

1/12/2021
Staking Guide

Summary This guide describes the steps required to: Register a cluster on the smart contract registry Delegate POND and MPond to clusters Update marlinctl and associate their instances with the cluster registered in Step 1 Points 1 and 3 are only meant for cluster operators. Token holders who do not operate their own cluster and only wish to delegate to other clusters can skip to the section associated with Point 2. This guide is best suited for folks with experience working directly with smart contracts. If you are not adept in the same, please wait for the frontend interface. Addresses required

1/4/2021
Untitled

Discord ID Node ETH address Concern Notes zhangyuhua9#9616 0xf677faf7304290ea5648e941a5d7d90b9e0b2cb9 0xbc0960522751977AD9565E3d3f4c237eE6C15af2 0xc8c9375edfc88107fe14ae095854ac07a15e2ff2 Dear Siddhartha,I have the same problem with them, before i runned cluster but always unavailable,then i could only try to run relay node for the ip on tutorial.and got high Propagation time.i runned one months more，but the "Final IVD Results" file does not have my address,i wish i can get some reward for my hardworking before. thanks! Pass: Not even on discord

1/2/2021
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