Hey friends, payouts for the month of April 2021 are now complete.
We had an unusual situation this month. We did our minimum payout calculation for layer 1 transactions last week on Thursday, when gas prices were unusually low, in the range of 50 GWei, and ETH was in the mid $3ks. During the payout process, gas and Eth started to climb much more than other months and got to where it is now, in the 250-300 GWei range and $4.1k. Naturally for most of the weekend we hoped gas would go down and so a couple payments here and there went out, but overall, our max gas setting prevented payouts from sending.
Ultimately we recalculated the minimum payout threshold (on the generous side of our typical calculation, given the ridiculously high price of transactions), and reran the remainder of our queue, so some people got paid with a much lower minimum payout threshold than others. We issued a few more transactions with a low max gas that are still pending, so there still are a handful of transactions that may yet go through if gas prices drop to the 70s range in the next day or two. In the future, we will probably make the minimum payment threshold be a per-payment calculation, instead of a per-payment-batch calculation.
As usual, if you are still using layer 1 and didn’t get a payout this month, don’t fret - we’ll keep track and get you your payout in a subsequent month. You can always choose zkSync if you want a payment sooner! You can check out our excellent documentation on how to switch here.
Another detail - A couple of nodes that exited gracefully but hadn’t earned more than the minimum payout threshold didn’t make it into this month’s batch. This became complicated because we enabled some new code this month that disqualified and otherwise marked a bunch of old nodes terminal in our system, mostly nodes we haven’t seen in months that had slipped through the cracks. This procedure triggered a bunch of very small exit payments. Some of these payments went out and some didn’t. We’ll catch folks we missed up in a subsequent month as well.
Lastly - a small handful of lucky zkSync operators got paid more than once! We’re still ironing out kinks in our zkSync integration and we double paid a few folks. Congrats if that was you!
Some stats:
- All zkSync operators got paid. Just so you know, if you do nothing, zkSync is likely to become your default soon EDIT: this is now unlikely. So far we haven’t been applying minimum payment thresholds to zkSync payments as an incentive, but we are likely to apply them to zkSync eventually too (even if they are much, much lower).
- For the first batch of layer 1 transactions, folks who earned $24.69 or more got paid. However, many of these payments never made it out of our queue, so…
- For the second batch of layer 1 transactions, folks who earned $91.94 or more got paid.
We’re still tinkering with new ways to improve our payment process and add better options for storage node operators. Make sure to read our latest blog post with lots of great details about how our platform is evolving.
Thanks again for being such a great community!
