🤑Reward
Once a relay is serviced and the proof is verified by the network, the corresponding reward in the form of the native cryptocurrency is added to the Servicer’s, Fishermen’s, DAO, Requestor's and Proposer's account. This process helps to ensure that the rewards are distributed in a timely manner and that the servicers are incentivized to continue providing high-quality service to the network.
** The allocations assigned to the actors are parameterized and can be adjusted in the future through the DAO governance.
Servicer Rewards
Servicers in Viper Network are rewarded based on their contribution to the network's relay services. The reward calculation takes into account both the volume of relays serviced by a servicer and their performance score.
The volume of relays serviced refers to the number of relay transactions successfully handled by the servicer during a session. This metric reflects the servicer's active participation and contribution to the network's relay activities. The more relays a servicer successfully processes, the higher their potential reward.
The performance score, as determined by the Fisherman's evaluation, represents the quality of service provided by the servicer. It takes into consideration factors such as availability and latency, measuring the servicer's responsiveness and reliability. A higher performance score indicates a servicer's ability to consistently deliver high-quality relay services.
To calculate the reward for a servicer, the volume of relays serviced is multiplied by the servicer's performance score. This approach incentivizes servicers to not only process a higher volume of relays but also maintain and improve their performance to maximize their rewards.
Validator Rewards
Validators in Viper Network play a critical role in maintaining the security and integrity of the native blockchain. As a reward for their efforts, validators receive a percentage of the block rewards for successfully validating and adding a new block to the blockchain.
When validators validate and add a block to the native blockchain, they contribute to the consensus process and help secure the network. Validators are responsible for ensuring that the transactions within the block are valid and follow the established rules of the network.
In return for their validation services, validators receive a portion of the block rewards generated by the network. These validator rewards serve as an incentive for validators to actively participate in the consensus process, maintain the network's security, and validate transactions accurately. By receiving a portion of the block rewards, validators are motivated to act in the best interests of the network and contribute to its overall stability and reliability.
Fisherman Rewards
In the Viper Network protocol, Fishermen play a crucial role in ensuring the quality and reliability of the network. As actors disguised as Requestors (clients), Fishermen sample the performance of Servicers based on standardized rules and metrics. These metrics include availability, latency, and reliability.
To incentivize Fishermen to actively participate and report accurate information, a rewards system is implemented. This ensures that Fishermen focus on providing unbiased and reliable data rather than manipulating test scores.
Requestor Rewards
The Portals/Tool builders that utilize Viper’s decentralized network of nodes are eligible to receive rewards for directing their traffic to our network. These rewards can be seen as a form of discount or incentive for their participation.
To ensure that the rewards are properly distributed and accounted for, a special key needs to be generated for the client. This key can only be generated by the DAO (Decentralized Autonomous Organization) Account holder, who has the authority to allocate rewards to eligible clients.
By requiring the generation of a special key, Viper Network ensures that the rewards are granted to the intended recipients and helps maintain accountability within the ecosystem. This mechanism helps prevent abuse or unauthorized access to the rewards and ensures a fair distribution process.
The requestor rewards serve as a way to incentivize NaaS platforms or Portals to join and actively utilize the decentralized network of nodes in Viper. By offering rewards in return for traffic directed to the network, Viper Network aims to attract more participants and foster a vibrant and robust ecosystem.
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