MIP-7

Summary

MIP-7 added a multiplier to the region rewards formula, enhancing the weekly rewards for contributors in regions that are making the most progress toward full coverage. It also created a temporary bounty program that offered 1 HONEY per kilometer of roads mapped for the first time. That bounty was subsequently deprecated on April 1, 2024.

Timeline

• Proposal: Published (Nov. 21, 2023)
• Comment Period: Complete (Nov. 29, 2023)
• Outcome: Finalized (Dec. 12, 2023)

Detailed Changes

MIP-7 made the following changes:

• It created a temporary bounty program that offered 1 HONEY per kilometer of roads mapped for the first time. This was intended to stabilize rewards in regions of the world that had not yet been defined as regions; this became unnecessary after region creation was completed under MIP-16, so the first-time-mapped bounty was deprecated.
• It added a Multiplier based on Region Progress that applies to the Weight of each region, for the purpose of calculating weekly rewards. The multipliers are as follows:
  • 0–70% region progress: 1x multiplier
  • 70–80% region progress: 1.5x multiplier
  • 80–90% region progress: 2x multiplier
  • 90%+ region progress: 3x multiplier