Comments (19)
Molly Mackinlay
Apr 25, 2023can you define what cc existing fil+ and cc fil+ are and why they're different?
lucaniz
Apr 25, 2023Thanks for the comment.
cc existing fil+ is snapping existing CC sectors injecting fil+ data
cc fil+ is sealing a new CC sector and injecting fil+ data
We'll add a description the same way we have in the notion doc (where we refer to Existing CC sector upgrade and Full CC sector upgrade respectively)
lucaniz
May 5, 2023with the current definitions of Cost_T and the way we compute lending_cost, this parameter is not needed anymore.
Note that due to the new "definition", Cost_T got changed to Cost_L (lending cost)
lucaniz
May 8, 2023This is the old Cost_L. it got modified given we change the definition and Cost_L seemed better and closer to "cost of lending"
Molly Mackinlay
May 10, 2023entire "remaining" sector lifetime, right? in the case of "cc existing fil+" I presume we are correctly accounting that the initial lifetime of the sector doest have a fil+ deal
Nicola
May 10, 2023yes
Molly Mackinlay
May 10, 2023Correct analysis that for cc existing fil+ you get a 9x multiplier over current BR, whereas with deal sector you get a 10x multiplier (because in the former you're already getting 1x from the cc sector)
lucaniz
May 11, 2023From time d0 onwards the existing CC sector that gets snapped has a reward 10*BR in total, so I don't think we should consider a factor 9, right?
Basically from d0 to sector expiration cc existing fil+ behaves has a deal sector in terms of reward
Molly Mackinlay
May 11, 2023yeah - but for "cc existing fil+" you have to reason that you are getting a slightly lower cost, but you are only getting an additional 9x multiple for that cost, vs with "deal sector" you are getting the full 10x for that cost
lucaniz
May 11, 2023I see where you are coming from. need to think about it
Nicola
May 12, 2023I think there is a type error in this conversation - I believe you are both right.
You earn 9BR additional, which is still 10x of your current earnings (1BR)
Molly Mackinlay
May 10, 2023this seems weird? dif between reward and cost does not equal profit - what else is this including?
Nicola
May 10, 2023first two graphs are non cumulative, profit is cumulative - note that in current graphs all costs are charged at the beginning - I will change this soon.
Alex North
May 14, 2023Does this suggest we should expect a lot of expiration/termination around 3 years as the profit per unit time turns negative? (Unless they can refinance)
Nicola
May 15, 2023Yes, unless FIL price goes up. Also you may expect no commitments longer than 1 year.
Molly Mackinlay
May 15, 2023why does the reward per year go down? is it because we're assuming the network is growing, and therefore the per sector revenue is decreasing, or something else?
Nicola
May 15, 2023Large part is block reward going down due to baseline minting going down. This is the BR model from mechafil from CEL https://observablehq.com/@protocol/econ-br-models?collection=@protocol/cryptonet-intelligence
Alex North
May 14, 2023Should the label here be "Costs for a sector year by year"?
Nicola
May 15, 2023yep sorry, copy past issue