Summary:
The Lisk API has the ability for a delegate to see which accounts voted for him. This, along with the new Lisk forging rewards, opens up the possibility for delegates to do profit sharing with those who vote for him. What I have in mind is how I originally thought DPoS would operate with Bitshares and should have run with Crypti. I would like to offer to split the delegate earnings with the people who vote for my delegates based on how much they have in the Lisk accounts they vote from on a running basis and how much they dilute their votes by voting for other delegates. So this would be truly a PoS type system where stake holders receive a return on their holdings with a portion going to the delegates they choose to represent them. This will also incentivize people to hold Lisk since it can offer them a return.
Dapp Features:
- List votes received from accounts with current account balances or %approval rating, fraction of total votes made by account.
- auto distribution of percentage of forging rewards at set blockcount interval to accounts voting for delegate based on portion of total approval rating received fromindividual accounts and fraction of total votes made by that account.
- ability to set percentage paid to votors.
- option to dynamically adjust rate based on revenue and Lisk/BTC price, i.e. percentage of portion retained by delegate is cut in half when earnings quadruple, able to set parameters "half" and "quadruple" with user selected amounts.
- option to whitelist other delegates owned by operator to exclude from vote dilution penalty in distribution calculation in item 2 above.
- generate ledger of accounts of voters with vote histories at block cycle intervals
- distribute a custom token according to ledger as an alternative to distribution of Lisk
- set the distribution of the custom token according to a formula with parameters like time of vote, dilution of vote, and amount of vote.
With these added features, Lisk stakeholders can gain a stake in dapps funded with delegate earnings.
Excellent DAPP suggestion, this is, by far, my favorite suggestion as it builds on top of the DPoS system. It tries to solve the problem on why voters should vote.
Also, if this were to be implement, we would experience a surge of delegates writing detailed proposals on delegate profit sharing.
Would love to see this implemented.
Maybe this DApp could be one of those built by Lisk team as it seem to be essential for the whole network. I mean in case there's no independent developers for such app.
Ideally, I'd like to see it incorporated into Cryptikit (Liskit?) so all of the delegate management functions are in one place. It would be ideal if the added voting rewards functions can have an option to set to different values for each delegate with a default global setting which applies to all delegates being managed unless overridden by settings for a particular delegate being managed..