AIP 31 proposes an amendment to AIP 15 specifications:
“A balance of at least 1000 sAST is needed for an AIP submission for voting to be made.
If the AIP is voted on and rejected a reward of 2000 sAST is paid out by the treasury. If the AIP is voted on and accepted a reward of 5000 sAST is paid out. The reward can be shared with coauthors by setting the amount before submission.”
AIP 31 proposes to amend the above to:
“A balance of at least one quartile of the median staking value is needed for an AIP submission for voting to be made.
If the AIP is voted on and rejected, a reward of 2000 sAST is paid out by the treasury to the main author. If the AIP is voted on and accepted a reward of 5000 sAST is paid out to the main author. The main author may recognize up-to 5 co-authors. Nominated co-authors may receive up to 1000 sAST per nominee if AIP passes vote and 400 sAST per nominee if the vote is rejected. Co-authors must have AIP eligibility status to be nominated”
Change 1: Minimum balance of sAST for AIP submission eligibility
The threshold for AIP submission should be linked dynamically to the first quartile of the median staking value. In this way we ensure 75% of the community is always eligible to make AIPs and ensure authors have a long term interest in Airswap governance. Should there be a need in the future to change eligibility requirements this can be done via a configuration vote.
Change 2: Co-authorship rewards
A number of AIPs have been voted on and more being drafted. We have had a chance to test the current rewards system. What has come to light is that under the current system the simplest AIPs that require the least work and collaboration receive the maximum reward benefits. The AIPs that require more work and collaboration receive less rewards - under the current system 5000 sAST must be shared between the author and co-authors.
If we want to incentivize AIP creation to solve complex issues - which by nature require more work and collaboration - then we need an updated way to reward authors and co-authors.