co-written with @vern
This is a draft for a proposal that outlines adjustments to the age and activity coefficients used to calculate influence, and to the algorithm for normalizing activity. Currently, a user’s activity can be negative if the total rewards they’ve received is less than the total value of their votes. As a result, some users have negative influence, and therefore are unable to receive rewards. The protocol was intentionally designed to penalize users for doing a large number of low value votes, but the existing influence algorithm is overly punitive.
Therefore, the influence algorithm should be adjusted in the following ways:
- The relative weight of age should increase from 0.33 to 0.4, and the weight of activity should decrease from 0.67 to 0.6.
- Activity, when factored into influence, should have a minimum value of zero. This guarantees that no accounts will ever have a negative influence while ensuring accounts with low value votes are still penalized.
Will post to Snapshot tomorrow after feedback.