There has been a fair amount of discussion around the imbalance of early bonding curve positions vs the query fee portion of the curator incentives.
While we have started discussion on how to ensure there is a fair launch for a subgraph (and a group of curators are working on a GIP for this side), I wanted to start the discussion on how to best address the query fee side of our incentive structure.
Curators are currently solely reliant upon query fees as the positive factor to our leg of the network. With the economics of the network, I think we should remain query fee focused.
There has been 9m GRT used for signal transactions and roughly 23,700 GRT that has been added as curation rewards. This means that curators have paid roughly 225,000 in tax (excluding the tax paid from auto-migrate).
The 3% inflationary rewards granted to indexers (and their delegators) has been utilized as a stipend while the network bootstraps to steady state. As the mainnet builds more query fees the indexing rewards become a smaller percent of an indexer’s income.
A similar system could be set up for curators without removing our attention off of query fees.
By adjusting the inflationary rewards from 3% to 2.9% for indexer rewards and utilizing the other 0.1% to amplify the GRT brought into the State Channel Settlement. 10% of this would be go to the curator reserve for the subgraph and 89% would move to the rebate pool.
This has the added benefit that indexers who are serving queries on the network are going to be largely unaffected and those who are ‘rent seeking’ will become less profitable.
TLDR: Opening discussion about changing the 3% indexer rewards to 2.9% indexer rewards and 0.1% query fee amplification.