📢 Update: Lilybits rewards emissions

👋 Hi Resource Providers!

Our team is continuously monitoring and fine-tuning the Lilybit rewards system to ensure fairness and balance for all Resource Providers.

Since the latest rewards system update, we've observed some discrepancies in the rewards distribution, particularly in regards to the proportional earnings of larger GPU types relative to smaller GPUs. This has been another factor we noticed leading to large amounts of daily Lilybit emissions.

As part of this process, we are implementing a daily maximum of 20,000 Lilybit earnings for all RPs. This update will be pushed to the rewards system soon and has been included in the updated Lilybits Rewards blog https://blog.lilypadnetwork.org/update-to-the-lilybit-rewards-calculation.

We'll keep the community in the loop as this update is implemented. Our team will continue to monitor the Lilybit rewards system as this update is pushed and, based on needs, will carefully implement additional measures to ensure the system is as far as possible.

Thank you for all contributions to the Lilypad Network thus far! To view existing issues we are triaging, look at the discussions here https://github.com/orgs/Lilypad-Tech/discussions/categories/rp-issue. Your feedback helps us shape a stronger, fairer system!

Looking ahead, we anticipate further updates to the Lilybit rewards system, including a job-based proof mechanism that measures uptime and resource utilization. This aligns directly with the core function of running jobs on Lilypad and ensures that rewards accurately reflect the value provided by each Resource Provider.