Filecoin Incentive Design Labs

Introduction

Assessed the economic impact of the FIL+ program on Filecoin's block rewards and overall network economics. This engagement analyzed how daily rewards evolve over time as a function of network computational power and Quality Adjusted Power (QAP), especially in light of the network’s shifting growth dynamics.

By examining baseline crossing events and the differential reward outcomes between verified and non-verified storage providers, the study provided a comprehensive understanding of how the FIL+ mechanism influences provider incentives and the economic health of the Filecoin ecosystem.

Scope

• Evaluate the dynamic relationship between raw network power, QAP, and daily rewards.
• Analyze critical milestones—such as Network Launch, Mainnet Launch, and Baseline Crossing—to contextualize shifts in economic parameters and reward structures.
• Compare reward metrics between providers engaged in verified versus non-verified deals.
• Model alternative scenarios to assess the impact of phasing out the FIL+ program.
• Estimate historical and current rewards allocated to verified providers.

Results and Findings

The assessment of the FIL+ program provided detailed insights into how reward mechanisms align with network performance. The findings illuminate the balance between computational power, reward distribution, and network growth, setting the stage for future protocol refinements and yield optimization strategies.