📢 Update: Change to Lilypad Slashing

gm gm Resource Providers!

The Lilypad IncentiveNet slashing mechanism will be updated in phases to ensure a smooth roll out. Changes implemented in the first phase are now live on IncentiveNet!

• RP slashing has been turned back on. In order to avoid slashing, a RP needs to maintain at least 4 hours of uptime per day (this has not changed).
• A grace period for RP downtime is now included in the slashing mechanism. RPs will earn 2 days of a “grace period” after every 30 days of continuous service provided. These 2 days will be applied to 2 subsequent down days recorded by the RP allowing the RP to avoid slashing for these 2 days. Grace Period days do not accumulate to more than 2 days ever. Once used the 30 day count to obtain the 2 days restarts.

Slashing info has been updated in:

• Lilybit_ IncentiveNet blog https://blog.lilypadnetwork.org/incentivenet-lilybit-reward-calculations
• Lilypad docs https://docs.lilypad.tech/lilypad/hardware-providers/troubleshooting#how-does-slashing-work-on-lilypad.

The next phase of slashing changes are in progress and will be pushed soon. This includes a tiered/progressive slashing mechanism. Slashing penalties will initially be lower than the current 10% penalty and will increase progressively the longer a node remains offline.

Questions? Tag @devrel crew in discord (i-need-help).