Now the query fees are distributed by adding them to the reserve ratio and changing the slope of the bonding curve.
That way all curators benefit from QF the same way and it does not matter whether you were curating the subgraph for several months and attracted indexers all this time, or you’re just a newcomer that arrived for the QF distribution and going to leave right after you’d get some.
I just want to add to your proposal of flattening the bonding curve for the shares price (basically making it like a pie-chart), that would allow curators to perform “grab QF and run” tactics freely, some incentive to stay and hold.
Thus, by having greater amount of QF.
I agree, that current curation market is too stable and we are left with the fact that signals do not correlate with QF.
The reasons for this stability are bonding curve & relatively high gas costs.
By moving to Arbitrum and integrating this flat curve (or pie-chart, since it is no longer a curve) we will eliminate both of the causes for stability.
And I’m a bit afraid of possible chaos with the signals that is going to be due to the fact that curators would not have any incentive to stay and hold.
Indexers, must likely, would also follow the signals by reacting to changes, as the primary source of income for indexers is indexing rewards and the gas prices would be low, so they would do reallocations every epoch.
All these would lead to some tactics that indexers may use.
For example, an indexer allocates to the subgraph with the most signals.
But the curator was in fact another indexer that wanted his rival to stick with the wrong subgraph. This curator-indexer can now freely sell its curation shares (as there is no risk, only 1% loss), curate to another subgraph and allocate there.
And the first victim-indexer in these schema is now stuck with the initial 0-signal subgraph until the end of epoch.
Now such schemas are risky and relatively expensive.
But there were cases before when we’ve seen indexers manipulating curation market for their rewards.
And flattening the bonding curve without any incentive for curators to stay is potentially threatening.