MIP-13
Summary
Section titled “Summary”MIP-13 established triggers for transferring 30% of the Operational Reward currently allocated to the network operator (i.e., 3% of the total weekly rewards pool) to map contributors as the edge computing power of the network increases due to the rollout of the next-generation Bee camera.
Timeline
Section titled “Timeline”- Proposal: Published (April 1, 2024)
- Comment Period: Complete (April 8, 2024)
- Outcome: Finalized (April 9, 2024)
Detailed Changes
Section titled “Detailed Changes”MIP-13 established triggers for transferring 30% of the Operational Reward currently allocated to the network operator (i.e., 3% of the total weekly rewards pool) to map contributors.
The initial 5% of the Operational Reward allocated to the network operator (i.e., 0.5% of the total rewards pool) was reallocated to map contributors when the proposal was finalized.
An additional 10% (or 1% of the total rewards pool) was scheduled to be reallocated to contributors when half of weekly active cameras were next-generation models capable of generating map features on the edge. An additional 15% (or 1.5% of the total rewards pool) was scheduled to be reallocated to contributors when 95% of active dashcams are capable of generating map features on the edge.
All in all, this would result in 30% of Operational Reward being redirected to contributors, or 3% of the total reward pool on a weekly basis.