- Proposal Name: NEAR economics specs
- Start Date: 2020-02-23
- NEP PR: nearprotocol/neps#0000
- Issue(s): link to relevant issues in relevant repos (not required).
Adding economics specification for NEAR Protocol based on the economics paper - https://nearprotocol.com/papers/economics-in-sharded-blockchain/
Currently, the specification is defined by the implementation in https://github.com/nearprotocol/nearcore. This codifies all the parameters and formulas and defines main concepts.
The goal is to build a set of specs about NEAR token economics, for analysts and adopters, to simplify their understanding of the protocol and its game-theoretical dynamics. This initial release will be oriented to validators and staking in general.
This part of the documentation is self-contained. It may provide material for third-party research papers, and spreadsheet analysis.
We might just put this in the NEAR docs.
This is an open document which may be used by NEAR's community to pull request a new economic policy. Having a formal document also for non-technical aspects opens new opportunities for the governance.