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New staking reward system #439
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I'll remark that availability and approval reward points flowing into the validator end up kinda nuanced, but they still have a (era,point) resolution in the end. https://hackmd.io/@rgbPIkIdTwSICPuAq67Jbw/rkTzZX_8t |
I am tackling point 1 and 3 of the issue in the PR paritytech/substrate#13498. Since the reward would be distributed in multiple pages, one of the objectives of this PR is to incentivise a validator to pay out all pages of the reward. My current approach is to distribute commission of the validator across pages proportional to the total stake of the page. I had couple of great suggestions for improvement and I wanted to get some opinion from @kianenigma and @burdges as well on this before making changes. Suggestion 1 (@gpestana): Suggestion 2 (@rossbulat) : I am leaning towards doing the |
I think all of these suggestions are coming the perspective of protecting small nominators who are in the lesser pages from not receiving their rewards. This is fair concern, but I would generally avoid designing systems too much with such a mindset in mind. The goal of the game theory involved in FRAME or blockchains is not necessarily to protect everyone at any cost, but rather be a system that is sound, sustainable, or foremost unstoppable. I think if we are to solely make decisions from this perspective, then the existing model makes perfect sense; if the total stake in a page is so small that no one has an incentive to claim it, then it should not be claimed (recall that anyone can do the claims, not just the validator). That all being said, I won't resist against tweaking this system such that we slightly protect nominators, in which case I like option 1 way better. It doesn't 100% solve the issue, but it will drastically reduce the chances of a page being left unpaid. |
…1189) helps #439. closes #473. PR link in the older substrate repository: paritytech/substrate#13498. # Context Rewards payout is processed today in a single block and limited to `MaxNominatorRewardedPerValidator`. This number is currently 512 on both Kusama and Polkadot. This PR tries to scale the nominators payout to an unlimited count in a multi-block fashion. Exposures are stored in pages, with each page capped to a certain number (`MaxExposurePageSize`). Starting out, this number would be the same as `MaxNominatorRewardedPerValidator`, but eventually, this number can be lowered through new runtime upgrades to limit the rewardeable nominators per dispatched call instruction. The changes in the PR are backward compatible. ## How payouts would work like after this change Staking exposes two calls, 1) the existing `payout_stakers` and 2) `payout_stakers_by_page`. ### payout_stakers This remains backward compatible with no signature change. If for a given era a validator has multiple pages, they can call `payout_stakers` multiple times. The pages are executed in an ascending sequence and the runtime takes care of preventing double claims. ### payout_stakers_by_page Very similar to `payout_stakers` but also accepts an extra param `page_index`. An account can choose to payout rewards only for an explicitly passed `page_index`. **Lets look at an example scenario** Given an active validator on Kusama had 1100 nominators, `MaxExposurePageSize` set to 512 for Era e. In order to pay out rewards to all nominators, the caller would need to call `payout_stakers` 3 times. - `payout_stakers(origin, stash, e)` => will pay the first 512 nominators. - `payout_stakers(origin, stash, e)` => will pay the second set of 512 nominators. - `payout_stakers(origin, stash, e)` => will pay the last set of 76 nominators. ... - `payout_stakers(origin, stash, e)` => calling it the 4th time would return an error `InvalidPage`. The above calls can also be replaced by `payout_stakers_by_page` and passing a `page_index` explicitly. ## Commission note Validator commission is paid out in chunks across all the pages where each commission chunk is proportional to the total stake of the current page. This implies higher the total stake of a page, higher will be the commission. If all the pages of a validator's single era are paid out, the sum of commission paid to the validator across all pages should be equal to what the commission would have been if we had a non-paged exposure. ### Migration Note Strictly speaking, we did not need to bump our storage version since there is no migration of storage in this PR. But it is still useful to mark a storage upgrade for the following reasons: - New storage items are introduced in this PR while some older storage items are deprecated. - For the next `HistoryDepth` eras, the exposure would be incrementally migrated to its corresponding paged storage item. - Runtimes using staking pallet would strictly need to wait at least `HistoryDepth` eras with current upgraded version (14) for the migration to complete. At some era `E` such that `E > era_at_which_V14_gets_into_effect + HistoryDepth`, we will upgrade to version X which will remove the deprecated storage items. In other words, it is a strict requirement that E<sub>x</sub> - E<sub>14</sub> > `HistoryDepth`, where E<sub>x</sub> = Era at which deprecated storages are removed from runtime, E<sub>14</sub> = Era at which runtime is upgraded to version 14. - For Polkadot and Kusama, there is a [tracker ticket](#433) to clean up the deprecated storage items. ### Storage Changes #### Added - ErasStakersOverview - ClaimedRewards - ErasStakersPaged #### Deprecated The following can be cleaned up after 84 eras which is tracked [here](#433). - ErasStakers. - ErasStakersClipped. - StakingLedger.claimed_rewards, renamed to StakingLedger.legacy_claimed_rewards. ### Config Changes - Renamed MaxNominatorRewardedPerValidator to MaxExposurePageSize. ### TODO - [x] Tracker ticket for cleaning up the old code after 84 eras. - [x] Add companion. - [x] Redo benchmarks before merge. - [x] Add Changelog for pallet_staking. - [x] Pallet should be configurable to enable/disable paged rewards. - [x] Commission payouts are distributed across pages. - [x] Review documentation thoroughly. - [x] Rename `MaxNominatorRewardedPerValidator` -> `MaxExposurePageSize`. - [x] NMap for `ErasStakersPaged`. - [x] Deprecate ErasStakers. - [x] Integrity tests. ### Followup issues [Runtime api for deprecated ErasStakers storage item](#426) --------- Co-authored-by: Javier Viola <[email protected]> Co-authored-by: Ross Bulat <[email protected]> Co-authored-by: command-bot <>
…aritytech#1189) helps paritytech#439. closes paritytech#473. PR link in the older substrate repository: paritytech/substrate#13498. # Context Rewards payout is processed today in a single block and limited to `MaxNominatorRewardedPerValidator`. This number is currently 512 on both Kusama and Polkadot. This PR tries to scale the nominators payout to an unlimited count in a multi-block fashion. Exposures are stored in pages, with each page capped to a certain number (`MaxExposurePageSize`). Starting out, this number would be the same as `MaxNominatorRewardedPerValidator`, but eventually, this number can be lowered through new runtime upgrades to limit the rewardeable nominators per dispatched call instruction. The changes in the PR are backward compatible. ## How payouts would work like after this change Staking exposes two calls, 1) the existing `payout_stakers` and 2) `payout_stakers_by_page`. ### payout_stakers This remains backward compatible with no signature change. If for a given era a validator has multiple pages, they can call `payout_stakers` multiple times. The pages are executed in an ascending sequence and the runtime takes care of preventing double claims. ### payout_stakers_by_page Very similar to `payout_stakers` but also accepts an extra param `page_index`. An account can choose to payout rewards only for an explicitly passed `page_index`. **Lets look at an example scenario** Given an active validator on Kusama had 1100 nominators, `MaxExposurePageSize` set to 512 for Era e. In order to pay out rewards to all nominators, the caller would need to call `payout_stakers` 3 times. - `payout_stakers(origin, stash, e)` => will pay the first 512 nominators. - `payout_stakers(origin, stash, e)` => will pay the second set of 512 nominators. - `payout_stakers(origin, stash, e)` => will pay the last set of 76 nominators. ... - `payout_stakers(origin, stash, e)` => calling it the 4th time would return an error `InvalidPage`. The above calls can also be replaced by `payout_stakers_by_page` and passing a `page_index` explicitly. ## Commission note Validator commission is paid out in chunks across all the pages where each commission chunk is proportional to the total stake of the current page. This implies higher the total stake of a page, higher will be the commission. If all the pages of a validator's single era are paid out, the sum of commission paid to the validator across all pages should be equal to what the commission would have been if we had a non-paged exposure. ### Migration Note Strictly speaking, we did not need to bump our storage version since there is no migration of storage in this PR. But it is still useful to mark a storage upgrade for the following reasons: - New storage items are introduced in this PR while some older storage items are deprecated. - For the next `HistoryDepth` eras, the exposure would be incrementally migrated to its corresponding paged storage item. - Runtimes using staking pallet would strictly need to wait at least `HistoryDepth` eras with current upgraded version (14) for the migration to complete. At some era `E` such that `E > era_at_which_V14_gets_into_effect + HistoryDepth`, we will upgrade to version X which will remove the deprecated storage items. In other words, it is a strict requirement that E<sub>x</sub> - E<sub>14</sub> > `HistoryDepth`, where E<sub>x</sub> = Era at which deprecated storages are removed from runtime, E<sub>14</sub> = Era at which runtime is upgraded to version 14. - For Polkadot and Kusama, there is a [tracker ticket](paritytech#433) to clean up the deprecated storage items. ### Storage Changes #### Added - ErasStakersOverview - ClaimedRewards - ErasStakersPaged #### Deprecated The following can be cleaned up after 84 eras which is tracked [here](paritytech#433). - ErasStakers. - ErasStakersClipped. - StakingLedger.claimed_rewards, renamed to StakingLedger.legacy_claimed_rewards. ### Config Changes - Renamed MaxNominatorRewardedPerValidator to MaxExposurePageSize. ### TODO - [x] Tracker ticket for cleaning up the old code after 84 eras. - [x] Add companion. - [x] Redo benchmarks before merge. - [x] Add Changelog for pallet_staking. - [x] Pallet should be configurable to enable/disable paged rewards. - [x] Commission payouts are distributed across pages. - [x] Review documentation thoroughly. - [x] Rename `MaxNominatorRewardedPerValidator` -> `MaxExposurePageSize`. - [x] NMap for `ErasStakersPaged`. - [x] Deprecate ErasStakers. - [x] Integrity tests. ### Followup issues [Runtime api for deprecated ErasStakers storage item](paritytech#426) --------- Co-authored-by: Javier Viola <[email protected]> Co-authored-by: Ross Bulat <[email protected]> Co-authored-by: command-bot <>
Objectives:
Some this might require us to make things seemingly less efficient, but if we do it multi-page, it will actually be more scalable.
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