Hello! November payouts for October are complete.
Last month, we said we were going to be starting a bonus program for zkSync transactions where we included an additional 10% to incentivize zkSync adoption and address concerns related to transaction costs. This month, we did that! If you opted into zkSync, we included a 10% bonus.
Last month, we also proposed changing the minimum payment threshold to be 10% instead of 25% to reduce our impact due to high transaction costs. We got a lot of feedback about this and ultimately were persuaded that this change requires better communication with SNOs (not just on the forum). We are still interested in making this change, but only after we’ve given better notice and consider any feedback we receive.
As a result, this month the payment threshold remained at 25%. If you did not opt into zkSync, you got paid if you earned enough STORJ such that transaction fees weren’t more than 25% of what you earned.
Simultaneously, we’re doing everything we can to think creatively about how to improve the payment experience and lower overall costs, so the payment threshold affects fewer people. For instance, this month, we implemented EIP-1559 transactions, and we are next investigating multisend batch contracts. We’re also continuing to pay attention to other options (wrapped tokens and so on; we’ve been pursuing wrapped tokens for some time now).
We reread the last payout proposal megathread in its entirety, and we’re listening and hearing you. We’ve written up an FAQ to try and answer many of the recurring questions that come up often, and we’re trying to take your advice to heart, hopefully you can see above.
You perhaps saw that exchanges are starting to list support for zkSync, which is great and what we’ve been hoping would come. We’re excited to see OKEx do this.
Anyway, this month, we paid 650 unique wallet addresses on layer 1. While we’re still getting the hang of our new EIP-1559 supporting infrastructure, all of these wallet addresses earned enough that the target payment fee was 1/4th of the payout amount or less, though we did pay some with some higher fees, and we do still intend to drop this target to 10%. There is no specific minimum payout threshold dollar amount, but it was roughly around $52
We paid 1043 unique wallet addresses through zkSync. Once again, we did not enforce minimum payment fees here as an incentive. Across both layers, there were 1693 unique wallet addresses.
Thanks again for everyone’s feedback. Please check out our FAQ and let us know what you think.