Diversified clients are the key to the health and decentralization of the Ethereum network. Diversity ensures that innovation continues at the base layer of the protocol, the network is resilient in the face of potential attacks or errors, and a wide range of participants participate in the discussion of potential changes in the core protocol.
Although customers provide basic services to the Internet (without them, there would be no Internet!), historically, it has been difficult for them to obtain value. Recently, these teams have more ways to build sustainable businesses, but most of them focus on opportunities adjacent to the mainnet rather than the main Ethereum network. In addition, these opportunities are usually not directly proportional to the amount of value created.
In order to ensure that the customer team has a strong motivation to maintain the core Ethereum network for a long time, the Ethereum Foundation has launched a customer incentive plan. The program provides customer teams with ETH-denominated rewards that will be unlocked over time as long as they continue to build software that meets the performance and security requirements of the mainnet.
Specifically, the team in the plan will receive a total of 144 validators (4608 ETH), each of which will run on the mainnet. The scale of these grants is not only a recognition of the excellent work done in the past few years, but also a recognition of the many development challenges expected in the future. A team of customers has recently been compatible with the mainnet compared to their peers, has been included in the plan, and owns 50% of the shares. The teams eligible to participate in the program are listed in alphabetical order:
- Go to Ethereum (geth)
- Lodestar (50% stake)
- Virtual spirit
- Rain cloud
- I’m running
The validator deposit is pre-deposited and operated immediately by the team, and the withdrawal voucher (the ownership of the funds) will be vested within a few years, and the first payment will be unlocked when the beacon chain withdrawal is delivered. In order to obtain these and subsequent validator withdrawal vouchers, the team must continue to maintain their customers, meet the performance benchmarks on the mainnet, and over time contribute to the delivery of the Ethereum community’s roadmap.
After the merger, as validators earn transaction fees, the program will begin to provide the team with a stable source of income. With the grant of the grant, the team is free to do what they want to the validators under their control-such as continue to bet and get rewards, withdraw and liquidate, or some combination of the two. Please also note that the customer incentive plan is in addition to any grants provided by EF to these teams.
Geth’s participation in this project is unique because they are a team within the Ethereum Foundation. However, like the other clients listed above, the Geth team will fully decide how to use these validators, the fees earned and their ETH deposits as a grant.
The structure of the plan aligns the team with the long-term health of the network and ensures that they are motivated to build safe and high-performance software. It aims to be a backward looking and rewarding team that has delivered production quality software. We hope it will provide a basis for healthy incentives for the core contributors of Ethereum. as always, Ecosystem Support Plan Can and desire to fund early innovative Ethereum implementation work, including new client teams.
We are very happy to finally share this initiative publicly, and look forward to seeing more ways in which communities can unite to support charity!