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@cassie
As for the ETA on Dusk, it’s variable, based on issues we find with Dawn. So far, it’s looking like mid December, but may creep into the new year if something substantial comes up.
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@goingdark
Thanks for the insights! Need to say Quilibrium is still a big ‚mystery‘ for me as there‘s just so little information available as you‘re heading a completely different way than the rest (which is great but hard at first at the same time). Looking forward to anything you share - to be continued…1)
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@goingdark
- & still digging every day to be hopefully able to set up a node. If the node rewards are transitioned to dusk…that means that tokenomics should be defined? Is there something i can read up on? Could be one of the few anomalys in the space ✍🏼
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@cassie
Tokenomics are touched on in the whitepaper, in that rewards are allocated on two axes: supply/demand of storage and OT circuit execution. They’re a dependent relationship, in that supply/demand of storage is determined from OT circuit execution of hypergraph queries. The cost function is defined in the paper.
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@goingdark
Okay, gonna admit: whitepaper got waaaay to technical for me 🥹 Question that i havent found i answer for: emissions - how many $QUIL get issued daily? Is this a fixed amount? According to your previous answer, it‘s not. Is there something like a total/max supply? Btw, huge respect for your work!!
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@goingdark
Okay seems like i messed something up. For my understanding: there‘s emissions for node-runners obviously. Is that some form of „PoW“? As you‘re planning to raise in pre-seed it‘s not a fair launch but every node-runner is already able to get his hands on Q? Would you mind clarifying my last 2 casts?@cassie
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@cassie
The raise is separate from the token — the launch is indeed fair and strictly aligned to emissions tied to proof of meaningful work, which is a combination of proofs of data availability and proofs of execution, there is no ability for Quilibrium, Inc to engage in token warrants with investors, nor would we want to.
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@goingdark
Thats great! Thanks for the reply 🫡 Last question now (i swear 😂) - is there already a tokenomics paper or anything about emission cycle, max supply,… Read the WP again - unfortunately that‘s a little bit above my paygrade 🥲again, thx for your time & answers @cassie 🙏
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@cassie
The issuance rate is not fixed, it scales to overall supply/demand of compute/storage, and that curve is relative to the overall data shards in the network. Tokens are burnt as part of execution and storage rent, the cost is directly proportional to the number of logical gates expressed in fulfilling the interaction.
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@cassie
The next lab published on the website is going to be the Token application, which will make a lot of these answers more intuitive as you can interact with the overall economic model and even experiment with customized tokens
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@goingdark
Cant wait 🫡 Question still remains open: are the tokenomics of $QUIL already public? As node-runners already receive tokens as reward in dawn, how many are circulating currently? Any data? Whats the max. supply of $QUIL?
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@cassie
They are — you can query the latest frame of the ceremony application and scan the reward trie — with dusk the semantics change and you’d need to do a query against the token application on the hypergraph, an example is going to be part of the lab for this.
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@goingdark
Unfortunately i dont run any node/hardware (yet) where i could query the ceremony application. Is there any other way or would you mind sharing it from your hardware? :D
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@cassie
After that particular lab is up, I’m going to get a stats dashboard going so folks can get a global view of the sliver of data about the network that is public
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@goingdark
That‘s fantastic! Thanks
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