Overview

This FIP proposes a change to how registration staking works for monetized miners across Fry Networks.

Registration staking itself is not being voted on in this FIP.
Once community-proposed FIPs (cFIPs) are live, any community member who wishes to remove registration staking entirely may propose a separate FIP for community consideration and formal voting.

FIP-013 is limited in scope to determining how the $50 registration peg should behave over time.

---

Current Registration Staking Model

• Registration staking is required for monetized miners
• The stake is priced at ~$50 USD at the time of registration
• The staked amount is a fixed token quantity
• Upon withdrawal:
  • If the token price has fallen → the user receives less than $50 USD
  • If the token price has risen → the user receives more than $50 USD

This exposes operators to market risk unrelated to miner performance and has been a recurring source of confusion and concern.

---

Proposed Change

FIP-013 proposes adjusting the behavior of the $50 registration peg.

Under a dynamic model:

• Registration staking behaves like a $50-value position
• Upon withdrawal:
  • If token price decreases → the user receives more tokens, worth approximately $50 USD
  • If token price increases → the user receives fewer tokens, worth approximately $50 USD

This proposal affects registration staking mechanics only and does not modify:

• mining reward rates
• reward multipliers
• miner tiers
• verification stakes
• node stakes

---

Purpose of Registration Staking

Registration staking exists to:

• Protect the network once monetization is active
• Ensure consistent and reliable data delivery
• Align operators with long-term network health
• Prevent low-effort or spam participation

This FIP does not remove or weaken these requirements.

---

Community Discussion Summary

The community discussion highlighted differing perspectives around risk exposure, fairness, and tokenomics, but consensus that the core question is how the $50 peg should behave — not whether registration staking should exist.

---

Voting Options

Option A — Ongoing $50 Registration Peg (Both Directions)
Registration staking maintains a ~$50 USD-equivalent value for its full lifecycle, regardless of token price movement.

Option B — Downside Protection Only
Registration staking is protected against price drops (cannot withdraw less than ~$50 USD), while retaining upside exposure if the token price increases.

Option C — Keep Current Model (Status Quo)
The $50 peg applies only at registration. Registration staking remains a fixed token amount with full price exposure on withdrawal.

---

Implementation Notes

(Non-binding; finalized only if this FIP passes)

• Price reference may use DEX pricing, oracle feeds, or indexed averages
• Adjustments should be epoch-based rather than real-time
• Smoothing (TWAP / moving averages) and circuit breakers may be applied

---

Voting

This FIP will proceed to a formal vote.
The option with the highest number of votes will be implemented.

FIP-012: Increasing the Verification Stake for All New Verification Stakes

1. Summary

FIP-012 proposes adjusting the verification stake requirement for all new verification stakes across all miner tiers.

The current cost to obtain 1.5× or 3× verification multipliers is extremely low (around $3 USD equivalent in FRY at current prices). This makes it too easy for bad actors or low-effort participants to access high multipliers with almost no real commitment.

This FIP:

• Applies only to new verification stakes created after activation.
• Leaves all existing verification stakes unchanged.
• Clarifies that anyone who unstakes and later restakes will be subject to the new rules, if this FIP passes.

The DAO will choose between three “Yes” paths (specific new stake amounts or a follow-up FIP) and three “No” paths (keep current stake and/or prefer alternative mechanisms like performance-based or reduced multipliers).

---

2. Motivation

At present, the effective barrier to obtain 3× rewards is roughly $3 USD worth of FRY. This is problematic because:

• It allows low-effort or speculative setups to farm outsized rewards.
• It weakens the signal that “verified” miners are serious, stable participants.
• It makes it easier for bad actors to extract value without contributing long-term.

The network benefits when:

• Verification requires real commitment, not just a trivial amount of capital.
• Verified participants have stronger alignment with Fry’s long-term growth.
• Abuse, churn, and low-quality setups are reduced.

By increasing the verification stake for new stakes only, FIP-012 attempts to:

• Preserve fairness and trust for existing verified users.
• Protect the system going forward.
• Give the DAO multiple, clearly differentiated paths to address the problem (USD-pegged stake, future configurable stake, or alternative mechanisms).

---

3. Community Feedback Summary

From the community discussion, several themes emerged:

• Support for a USD-pegged stake: Many participants favored pegging verification stakes to a fixed USD value, so that the cost of verification remains meaningful even if FRY’s price drops.

• Interest in tier-based or differentiated values: Some suggested that different tiers could have different verification costs, with higher tiers paying more.

• Concerns about timing and prioritization: Some community members felt that infrastructure issues (dashboard stability, shipping follow-through, registration/claiming bugs) should be prioritized before increasing verification stakes.

• Objections to fiat-based logic: A subset of users argued that FRY’s market price alone should determine cost, and that all staking should remain purely token-denominated (no USD peg).

• Alternative approaches suggested: Several participants hinted — directly or indirectly — that other mechanisms could help reduce abuse:

  • Performance-based or uptime-based verification criteria
  • Adjusting multipliers instead of increasing capital requirements

This FIP captures those viewpoints with a broader set of voting options, including “No” paths that explicitly point to those alternatives.

---

4. Proposal

FIP-012 introduces a framework for raising the barrier for new verification stakes while preserving existing stakes. It defines:

1. Scope
2. Changes that would occur under “Yes” outcomes
3. Alternative directions represented by “No” outcomes

4.1 Scope

If FIP-012 passes under any “Yes” outcome:

• All existing verification stakes remain exactly as they are.
• Only new verification stakes created after activation will follow the new rules.
• Any miner who unstakes and then restakes after activation will be required to meet the new stake requirements.

4.2 Changes Under “Yes” Outcomes

The “Yes” options define different ways to increase verification stake for new stakes. All “Yes” paths share these principles:

• Goal: Raise the commitment level required to access 1.5× and 3× multipliers.
• Mechanism: Use more meaningful stake amounts (e.g., USD-pegged) to prevent $3 exploits.
• Impact: Only forward-looking; all existing stakes are grandfathered in.

The three “Yes” options differ only in how concretely they set the new stake amounts:

1. Directly set 1.5× and 3× USD-equivalent requirements at specific levels, or
2. Approve the intent to increase stake but push the exact amounts into a follow-up FIP.

4.3 Alternatives Represented by “No” Outcomes

The “No” options are not just “do nothing” duplicates; they each represent a different philosophy for how to address (or not address) the abuse problem:

• Keep the current system entirely (status quo).
• Explore performance-based verification as a future path instead of higher stake.
• Explore reduced multipliers as a future path instead of higher stake.

This lets the DAO clearly express why it rejects this FIP, not just that it rejects it.

---

5. Technical Considerations

If a “Yes” option with explicit USD amounts passes:

• For new verification stakes:

  • The system will calculate the FRY equivalent of the required USD amount at the time of staking.
  • Once staked, the FRY amount is fixed for that user’s verification; it does not float with price.

If the “Yes — future FIP for amounts” option passes:

• No immediate staking amount change is applied.

• A new FIP will be drafted to define:

  • Exact USD and/or FRY amounts for 1.5× and 3×, and/or
  • Whether tiers are differentiated.

If a “No” option passes:

• No verification stake changes take effect from this FIP.

• Depending on which “No” wins, future FIPs may be drafted to:

  • Implement performance-based verification logic, or
  • Adjust multipliers instead of stake levels.

Under all options:

• Reward logic, tier structure, and lock periods remain unchanged unless modified by a different FIP.
• Existing verification stakes remain as-is unless voluntarily unstaked.

---

6. Implementation Timeline (for Yes outcomes)

If one of the “Yes” options wins:

1. Specification & coding

   • Implement logic to enforce new verification stake rules for new stakes only.

2. Internal testing & review

   • Confirm correct conversion of USD amounts (where applicable) into FRY at stake time.

3. Activation announcement

   • Announce the exact date/time when new verification stake rules go live.

4. Activation

   • After activation, any new verification stake must follow the new requirements.
   • Existing stakes remain unchanged as long as they are not unstaked.

If the “Yes — future FIP for amounts” option wins, the immediate action is:

• Draft and publish the follow-up FIP defining specific stake amounts, then go to vote.

---

7. Voting Options

The DAO will vote for one of the following six options:

---

✅ Option 1 — Yes (1.5×: $75, 3×: $50)

• Set the verification stake for new stakes as:

  • 1.5× multiplier: $75 USD equivalent in FRY
  • 3× multiplier: $50 USD equivalent in FRY

• All existing verification stakes remain unchanged unless unstaked.

• Any new verification stake created after activation must meet these USD-equivalent FRY amounts at the time of staking.

---

✅ Option 2 — Yes (1.5×: $50, 3×: $25)

• Set the verification stake for new stakes as:

  • 1.5× multiplier: $50 USD equivalent in FRY
  • 3× multiplier: $25 USD equivalent in FRY

• All existing verification stakes remain unchanged unless unstaked.

• Any new verification stake created after activation must meet these USD-equivalent FRY amounts at the time of staking.

---

✅ Option 3 — Yes, but determine exact amounts in a future FIP

• Approve the intent to increase verification stake for new verification stakes.

• No specific amounts are set by this FIP.

• A follow-up FIP will define:

  • Exact stake amounts for 1.5× and 3×, and
  • Whether those amounts are FRY-only, USD-pegged, or tier-dependent.

Until that follow-up FIP passes and is activated, the current verification stake requirements stay in place.

---

❌ Option 4 — No (Keep current verification stake and structure)

• Reject any change to verification stake requirements.
• Keep the current stake amounts and multiplier structure exactly as they are today.
• No new mechanism or follow-up is mandated by this outcome.

---

❌ Option 5 — No (Explore performance-based verification instead of higher stake)

• Reject this FIP’s approach of raising verification stake.

• Express a preference to keep the current stake requirements and instead explore a future FIP that:

  • Ties 1.5× / 3× eligibility to performance metrics such as:

    • Uptime
    • Data quality
    • Minimum operating history
    • Proofs of proper operation (e.g., successful connections / jobs / reporting)

• This option does not implement performance-based rules immediately, but it signals that any future changes should focus on performance, not capital.

---

❌ Option 6 — No (Explore reducing multipliers instead of higher stake)

• Reject this FIP’s approach of increasing verification stake.

• Express a preference to keep current stake levels but consider a future FIP that:

  • Lowers verification multipliers to reduce the incentive for low-effort setups.
  • Example: lowering 1.5× to 1.25× and 3× to 2×, or adding progressive/ramping multipliers over time.

• This pathway aims to reduce abuse by reducing reward intensity, rather than by raising the cost of entry.

---

8. Conclusion

FIP-012 addresses a clear problem: verification has become nearly free in fiat terms, making it easy for low-effort participants and bad actors to access high multipliers with minimal commitment.

This proposal gives the DAO a balanced set of choices:

• Three “Yes” paths that meaningfully increase verification stake now or through a follow-up FIP.
• Three “No” paths that either keep the status quo or explicitly favor alternative solutions (performance-based or multiplier reduction).

Whatever option wins, the outcome will clearly express how the DAO wants to balance:

• Abuse prevention
• Capital requirements
• Fairness to existing stakers
• And the long-term integrity of the Fry Networks ecosystem.

Summary

This proposal would extend the AI Edge Miner Boost through June 1st, 2026, maintaining the current multiplier structure to reward early adopters, strengthen the network, and onboard more Key Opinion Leaders (KOLs) to promote the AI Edge Miner.

Background

The AI Edge Miner was launched with a temporary reward boost to incentivize early adoption, firmware testing, and decentralized AI infrastructure growth. This boost helped bootstrap the segment and grow the network during its initial expansion phase.

Since launch, the community has continued deploying AI Edge Miners, and interest has steadily increased. To maintain momentum and encourage further participation, the community discussion for this FIP unanimously supported an extension of the boost period.

Proposal

FIP-011 proposes the following:

• Extend the AI Edge Miner Boost until June 1st, 2026
• Keep the current boost multiplier unchanged
• No additional staking or burn requirement is introduced as part of this extension

This extension will:

• Keep the network attractive to new adopters
• Attract more KOLs and content creators to promote AI Edge Miners
• Reinforce our position as a leader in decentralized AI infrastructure

Voting Options

🟩 YES — Extend the Boost until June 1st, 2026

• Keeps the existing boost multiplier active through June 1st, 2026
• Supports network growth, outreach, and adoption

🟥 NO — Let the Boost Expire on Its Current End Date

• The AI Edge Miner Boost ends on December 31st. 2025 CST
• No extension or changes to current reward multipliers

Voting Period

Voting for FIP-011 is now live and will remain open for 1 month.

Status: Voting Author: Governance (submitted by @IotaNine) Discussion Window: July 29 – August 29, 2025 Voting Window: September 2, 2025 – October 2, 2025 (CDT)

---

1) Summary

This FIP proposes to:

1. Enable conversion of FRY 1.0 earned/claimed after the December 1, 2024 snapshot into tFRY at a 40:1 ratio (non-vested); and
2. Retire FRY 1.0 from the ecosystem immediately, halting its use in rewards and verification staking.

---

2) Motivation

• Provide a fair, simple path for miners who continued earning after the snapshot cutoff.
• Eliminate confusion by fully standardizing around Fry 2.0 + segment tokens, with tFRY serving as the bridge.
• Strengthen Fry 2.0 alignment by shifting all verification staking to FRY 2.0.

---

3) Specification

A. Conversion of Post-Snapshot FRY 1.0

• Eligibility: All FRY 1.0 mined or claimed after Dec 1, 2024.

• Conversion rate: 40 FRY 1.0 → 1 tFRY.

• Vesting: No vesting period. Because tFRY cannot be bought/sold through official Fry-operated pools, there is no risk of price shocks.

• tFRY properties:

  • Transferable wallet-to-wallet.
  • No official LPs/AMMs.
  • Redeemable 1:1 into segment tokens (e.g., fVPN, fWX, fNODE) when each segment is monetized.

B. Rewards

• FRY 1.0 rewards halt immediately once this FIP passes.
• tFRY becomes the reward token for all unmonetized networks going forward.

C. Verification Staking

• Staking token changes from FRY 1.0 to FRY 2.0 for unmonetized miners.
• No cutoff time for unstaking FRY 1.0 positions, but users must re-stake in FRY 2.0 to continue earning verified rewards.
• BYOD vs. hardware staking rules (BYOD = half) remain unchanged. Only the staking token changes.

---

4) Transitional Rules

• Conversion tool will go live sometime after FIP approval.
• FRY 1.0 reward emissions end instantly upon passage of this vote.
• Unstaking window: Open-ended. Operators can unstake FRY 1.0 anytime, but must re-stake in FRY 2.0 to maintain verified multipliers.

---

5) Ecosystem Impact

• Fairness: Includes all miners who contributed post-snapshot.
• Clarity: Retires an outdated token (FRY 1.0) and removes ecosystem confusion.
• Alignment: Consolidates staking demand into FRY 2.0, reinforcing the DAO token’s utility.
• Liquidity safety: With no official LPs for tFRY, there is no risk of sudden price disruption.

---

6) FAQs

• Is tFRY transferable? Yes, wallet-to-wallet. Fry Networks does not operate official pools/AMMs.
• What happens to my pre-snapshot FRY 1.0? Those remain under their original conversion rules (unchanged).
• What if I don’t re-stake? You will still earn base rewards (tFRY), but not verified rewards until you re-stake in FRY 2.0.
• Do BYOD vs. hardware rules change? No. Only the stake token changes.

---

7) Voting Options

• ✅ YES — Allow 40:1 conversion of post-snapshot FRY 1.0 into tFRY (non-vested), retire FRY 1.0 immediately from rewards, and move verification staking to FRY 2.0.
• ❌ NO — Keep FRY 1.0 active in rewards/staking and do not add conversion eligibility for post-snapshot FRY 1.0.

Fry Improvement Proposal (FIP-009): Weekly Epoch Rewards

Summary

This proposal aims to shift from a daily reward distribution system to a weekly epoch-based rewards system. Rewards will accumulate weekly and be distributed every Friday ("Fryday").

Motivation

The current daily reward system results in frequent, small distributions, complicating accounting, increasing transaction overhead, and leading to operational inefficiencies. By moving to weekly epochs, the community will benefit from simplified management, reduced network congestion, and more predictable rewards scheduling.

Proposed Changes

• Replace the current daily reward distribution model with a weekly epoch model.
• Each epoch begins Friday at 00:00 UTC and ends the following Thursday at 23:59 UTC.
• Rewards accumulated during the epoch will be automatically distributed the following Friday ("Fryday").
• Rewards will remain claimable indefinitely with no expiration.

Implementation

• Implementation will take place only after the successful completion and rollout of PoC4All.
• This change is straightforward and quick (approximately one day), but thorough testing involving both developers and moderators will occur prior to deployment.
• Development resources for dVPN and node software remain unaffected, as they are managed by Octaloop.

Benefits

• Operational Efficiency: Simplifies administrative and accounting tasks.
• Reduced Network Congestion: Fewer transactions each week enhance network performance.
• User Convenience: Users only need to claim rewards weekly, streamlining their experience.
• Token Emission Management: Helps manage emissions by reducing constant selling pressure, although weekly sell-off impacts must be monitored.
• Encourages Consistent Miner Uptime: Promotes sustained network participation throughout each epoch.

Community Concerns & Responses

• Sell-Off Risk: Potential concentrated weekly sell-off identified. To mitigate this, ongoing monitoring and analysis of similar projects (DIMO, Hivemapper) will be conducted, and alternative reward distribution days or staggered releases may be considered if necessary.
• Claim Timing Clarification: Rewards are claimable immediately after distribution on Fridays, with no waiting period or expiration.
• Operational Priorities: This proposal will be implemented only after completing essential operational deliverables such as PoC4All and FIP-008, addressing community concerns regarding current operational stability and credibility.

Voting Options

• Option 1 (Yes): Implement weekly epoch-based rewards as described.
• Option 2 (No): Maintain current daily rewards distribution.
• Option 3 (Alternative Day): Implement weekly epochs but distribute rewards on another weekday (e.g., Monday) to reduce potential sell-off impact.
• Option 4 (Bi-weekly Trial): Conduct a bi-weekly epoch rewards trial for three months, then reassess based on community feedback.

Next Steps

Following community discussion, this proposal is now ready for official voting. The community is encouraged to vote and participate actively in shaping this critical aspect of Fry Networks.

This Fry Improvement Proposal (FIP-008) formally introduces daily tFRY rewards alongside existing FRY 1.0 rewards for miners operating on unmonetized networks. Additionally, the community will vote on potentially transitioning unmonetized miners to earn only tFRY, immediately stopping FRY 1.0 emissions.

This ensures mining rewards retain clear, long-term value, aligning rewards directly with real-world monetization.

FRY 2.0 DAO Voting: Voting occurs by staking FRY 2.0 tokens (1 FRY 2.0 token = 1 vote). Tokens used for voting are locked for exactly 6 months from the conclusion date of the FIP they were staked in. After the lock period, users can unstake and immediately regain access to their full staked amount (no additional vesting).

---

Why Vote for FRY 1.0 + tFRY or tFRY-only?

Currently, FRY 1.0 earned after Dec 1, 2024, lacks a guaranteed conversion to segment tokens. tFRY ensures future convertibility, preserving your mining rewards’ value. Voting for FRY 1.0 + tFRY or tFRY-only secures long-term miner profitability and stability.

---

Understanding Monetized vs. Unmonetized Networks

• Monetized Network: Has paying customers; miners earn segment tokens directly (e.g., fVPN, fWX).

• Unmonetized Network: No paying customers yet; miners currently earn FRY 1.0, but this proposal offers:

  • FRY 1.0 + tFRY, or
  • Only tFRY.

Important: Monetization occurs at the miner-type level (e.g., all weather miners monetize simultaneously once data is purchased).

---

How tFRY Rewards Work

Convertibility:

• tFRY converts 1:1 into corresponding segment tokens upon miner-type monetization.
• No cross-token conversions (e.g., weather tFRY → fWX only).

6-Month Vesting Schedule:

• Converted tokens vest evenly each month over 6 months (~16.67% monthly).
• Immediate conversion possible upon monetization.

Why Vesting? Vesting prevents sudden token sell-offs ("price shocks"), promoting stable markets.

Why Introduce tFRY?

• FRY 1.0 earned after Dec 1, 2024, cannot currently convert into segment tokens. tFRY guarantees future convertibility.

---

Daily tFRY Rewards by Miner Tier

Note: These tier definitions differ from Fry 1.0 tiers and are updated in the upcoming Fry 2.0 whitepaper.

• Tier X: 1225.64 tFRY/day
• Tier S: 119.04 tFRY/day
• Tier 1: 59.52 tFRY/day
• Tier 2: 29.76 tFRY/day
• Tier 3: 29.76 tFRY/day
• Tier 4: 22.86 tFRY/day

Optional FRY 2.0 Verification Stake Multipliers

• 1.5x or 3x multipliers via optional FRY 2.0 staking.
• Multipliers activate immediately upon staking confirmation, starting next reward cycle.
• Verification staking is optional; basic rewards do not require staking.

---

Optional FRY 2.0 Verification Staking Amounts

Note: These tier definitions differ from Fry 1.0 tiers.

Each miner requires an individual verification stake.

• Tier S - Nodes:

  • 2,235 FRY (24-hour lock) or 745 FRY (6-month lock)

• Tier 1 - High-End Weather/Water Miners:

  • 1,118 FRY (24-hour lock) or 373 FRY (6-month lock)

• Tier 4 - Indoor Satellite Miners:

  • 447 FRY (24-hour lock) or 149 FRY (6-month lock)

• Tier 2-3 - All Other Miners:

  • 559 FRY (24-hour lock) or 186 FRY (6-month lock)

• BYOD Miners:

  • Half the amounts listed above, depending on miner tier.

---

Registration Stake Clarification

• Registration stake for converting tFRY to segment tokens required only after monetization.
• No registration stake required prior to monetization.

---

Conversion DApp Timeline and Details

• Dedicated Conversion DApp launches soon.
• Users can immediately convert FRY 1.0 earned on or before Dec 1, 2024, directly to FRY 2.0 or segment tokens, subject to a 6-month vesting schedule.
• Important: FRY 1.0 earned after Dec 1, 2024, remains tradable but is not convertible into segment tokens via our conversion DApp.
• tFRY conversion available only after miner-type monetization.

Estimated Monetization Timelines:

• Bandwidth Miners: Targeting monetization by end of Q2, 2025.
• Weather & Air Quality Miners: Targeting monetization by end of 2025 (discussions ongoing with interested AI agent).
• Other Miner Types: No exact timeline yet; actively working to establish timelines soon.

---

Community Voting Options

• ✅ Option 1: FRY 1.0 + tFRY (Recommended: guarantees reward stability and future convertibility.)
• ✅ Option 2: Only tFRY rewards (Recommended: immediately protects reward value.)
• ❌ Option 3: Maintain current FRY 1.0-only (Not recommended: no guaranteed convertibility after Dec 1, 2024.)
• ❌ Option 4 (New): Pause tFRY implementation until Conversion DApp launches (Not recommended: delays reward convertibility indefinitely, prolonging uncertainty.)

Options 1 and 2 provide clear future-proof benefits and are strongly recommended.

---

Frequently Asked Questions (FAQ)

Q: Do tFRY rewards expire? A: No, tFRY accumulates indefinitely until monetization.

Q: If Option 2 (only tFRY) passes, can I trade previously earned FRY 1.0? A: Yes. FRY 1.0 earned on or before Dec 1, 2024, remains tradable and convertible (once DApp launches), subject to vesting.

Q: Do multiple miners require separate verification stakes? A: Yes, each miner requires its own verification stake for multipliers.

Q: When do verification multipliers activate? A: Immediately upon staking confirmation, effective from next reward cycle.

Q: Is FRY 1.0 conversion also vested? A: Yes, FRY 1.0 conversions follow the 6-month vesting schedule.

Q: Does voting lock FRY 2.0 tokens permanently? A: No, voting locks FRY 2.0 tokens exactly 6 months from the FIP conclusion date. Afterward, users immediately regain full token access (no vesting).

Q: Is monetization per miner or miner-type? A: Monetization occurs at the miner-type level, affecting all miners simultaneously.

---

Reward Tracking Simplified

• Miner rewards easily tracked via the Fry Networks dashboard.

---

Goals of FIP-008

• Guarantees reward convertibility and protection.
• Provides optional multipliers without mandatory costs.
• Establishes stable, sustainable rewards aligned with real-world monetization.

---

Your vote is crucial. Voting for FRY 1.0 + tFRY or tFRY-only secures the future value and sustainability of your mining efforts.

Thank you for your ongoing support and commitment to Fry Networks!

Objective: To determine the specific amount of FRY tokens required to stake for verifying different types of miners in the Fry Networks verification staking system, as well as the lock periods and reward multipliers.

Key Points:

• Staking System Details:

  • The staking system requires users to stake a specified amount of FRY tokens for each miner they want to verify.
  • This ensures a commitment to the network and helps maintain the integrity of the token.
  • While FIP-006 initially proposed staking amounts equivalent to a value in USD, after much discussion, it was decided that it would be best to change the staking amounts to pure FRY.

• Why Pure FRY is Better than a Fixed USD Price:

  1. Incentive to Verify Early: Staking in pure FRY encourages users to verify their miners earlier, as the value of FRY may change over time.
  2. Incentive to Keep the FRY Staked: By staking in FRY, users are more likely to maintain their stake, benefiting from potential increases in the value of FRY.
  3. Consistency for All Users: The same amount of FRY will be required regardless of when you stake, ensuring fairness and consistency across the network.

Proposed Staking Options, and Rewards Multipliers:

1. Option 1:

   • Verification multipliers: x1.5 / x3
   • Staking Amounts:
     • Tier S - Nodes: 100,000 FRY / 50,000 FRY
     • Tier 1 - High-End Weather/Water: 50,000 FRY / 25,000 FRY
     • Tier 4 - Indoor Satellite: 20,000 FRY / 10,000 FRY
     • Tier 2-3 - All Others: 25,000 FRY / 12,500 FRY
     • BYOD: Half
   • Lock Period: The higher staking amounts for each tier equal the 24-hour minimum lock and half of the full verification rewards, while the lower staking amounts equal the full verification rewards with a 6-month minimum lock.

2. Option 2:

   • Verification multipliers: x2 / x3
   • Staking Amounts:
     • Tier S - Nodes: 80,000 FRY / 40,000 FRY
     • Tier 1 - High-End Weather/Water: 40,000 FRY / 20,000 FRY
     • Tier 4 - Indoor Satellite: 16,000 FRY / 8,000 FRY
     • Tier 2-3 - All Others: 20,000 FRY / 10,000 FRY
     • BYOD: Half
   • Lock Period: The higher staking amounts for each tier equal the minimum 1-month lock and 66% of the full verified rewards, while the lower staking amounts equal the full verification rewards with a 1-year minimum lock.

Impact of Staking Amounts, Lock Periods, and Multipliers:

• The chosen staking amount, lock period, and reward multiplier will directly affect the level of commitment required from miners and influence the overall tokenomics of Fry Networks.

Additional Requirements:

• Users will need to provide the location of their miner in the verification portal.
• Users can unstake their tokens only at the end of each lock period. However, if they unstake, they will not receive verified rewards. They can easily restake if they want to start receiving verified rewards again.

Your Participation Matters:

Voting on this proposal allows you to directly influence the staking requirements, lock periods, and reward multipliers for miner verification in Fry Networks. Your choice will help determine the optimal strategy to ensure both commitment and sustainability within our network.

Voting Details:

• Deadline: Please cast your vote by 8/21/2024 at midnight CDT. This is the final opportunity to make your voice heard in this important decision.
• How to Vote:
  1. Visit https://vote.frynetworks.com/
  2. Link your Algorand wallet.
  3. Navigate to the vote section and cast your vote for FIP-007.
  4. You can vote multiple times, provided you have sufficient FRY tokens for each vote.

Your participation is crucial. By voting, you are helping shape the future of our staking verification program and the overall strategy of Fry Networks.

Thank you for your continued support and involvement.

Best regards,

Samuel Fry
Founder, CEO, and CTO
Fry Networks

FIP-006 Vote on Choosing Between Tiered Verification and Staking to Verify Miners in Fry Networks

Objective: To decide whether Fry Networks should adopt a tiered verification system as proposed in FIP-005 or implement a staking system for miner verification.

Key Points:

Options for Miner Verification:

• Tiered Verification System (from FIP-005):
  • Tier 1: Free Verification
    • No FRY tokens need to be burned to verify miners.
    • The reward multiplier for this tier will be determined by a later FIP.
  • Tier 2: Paid Verification
    • Requires burning FRY tokens equivalent to a specified amount in USD to reach this tier.
    • The reward multiplier for this tier will be determined by a later FIP.
• Staking System:
  • Requires staking FRY tokens for each miner they want to verify.
  • The amount of FRY tokens required to stake for verification will be determined by FIP-007.
  • Users can unstake their tokens whenever they want. However, if they unstake, they will not receive verified rewards. They can easily restake if they want to start receiving verified rewards again.
  • Includes a 24-hour lock to prevent gaming the system.

Additional Requirements for Both Systems:

• Users will need to provide the location of their miner in the verification portal for both the tiered and staking systems.

Future Determinations:

• Burn/Staking Amounts: The exact USD amount of FRY tokens required to burn for the tiered system or stake for the staking system will be determined in FIP-007.

Your Participation Matters:

Voting on this proposal allows you to directly influence the verification and reward structure of Fry Networks. Your choice will help determine whether we implement the tiered system or the staking system, ensuring the best approach for our network's sustainability and growth.

Voting Details:

• Deadline: Please cast your vote by August 1st at midnight CDT. This is the final opportunity to make your voice heard in this important decision.
• How to Vote:
  1. Visit https://vote.frynetworks.com/
  2. Link your Algorand wallet.
  3. Navigate to the vote section and cast your vote for FIP-006.
  4. You can vote multiple times, provided you have sufficient FRY tokens for each vote.

Your participation is crucial. By voting, you are helping shape the future of our miner verification program and the overall strategy of Fry Networks.

Thank you for your continued support and involvement.

Best regards,

Samuel Fry Founder, CEO, and CTO Fry Networks

Objective: To determine whether Fry Networks should implement a tiered miner verification program. The proposed system includes two tiers: a free tier and a paid tier, with differing requirements and rewards.

Key Points:

• Proposed Tiers:

  • Tier 1: Free Verification
    • No FRY tokens need to be burned to verify miners.
    • Miners in this tier will receive standard reward multipliers.
  • Tier 2: Paid Verification
    • Requires burning FRY tokens equivalent to a specified amount in USD to reach this tier.
    • Miners in this tier will receive a higher reward multiplier compared to Tier 1.

• Application to All Miners:

  • This tiered verification program applies to all miners and nodes, both new and old.

• Future Determinations:

  • Burn Amount for Tier 2: The exact USD amount of FRY tokens required to burn for Tier 2 will be determined in FIP-007.
  • Reward Multipliers: The reward multipliers for Tier 1 and Tier 2 will be determined in FIP-006.

Impact of Each Tier:

• Free Tier: Allows for broad participation without the need to burn FRY tokens, encouraging inclusivity and ease of entry for new miners.
• Paid Tier: Incentivizes higher commitment by offering greater rewards for those willing to burn FRY tokens, thus reducing the overall supply of tokens and potentially increasing their value.

Your Participation Matters:

• Voting on this proposal allows you to directly influence the verification and reward structure of Fry Networks. Your choice will help determine how we balance accessibility with incentivization, ensuring both inclusivity and sustainability.

Voting Details:

• Deadline: Please cast your vote by August 1st at midnight CDT. This is the final opportunity to make your voice heard in this important decision.
• How to Vote:
  1. Visit https://vote.frynetworks.com/
  2. Link your Algorand wallet.
  3. Navigate to the vote section and cast your vote for FIP-005.
  4. You can vote multiple times, provided you have sufficient FRY tokens for each vote.

Your participation is crucial. By voting, you are helping shape the future of our miner verification program and the overall strategy of Fry Networks.

Thank you for your continued support and involvement.

Best regards,

Samuel Fry Founder, CEO, and CTO Fry Networks

Objective: To decide the quantity of FRY tokens to be reduced each quarter to assist in managing the token supply and maintaining the tokenomics of the Fry Foundation Network. Community members will vote between two proposed reduction amounts: 12,499,902.375 FRY or 6,249,951.1875 FRY per quarter.

Key Points:

• Purpose of Token Reduction: Regularly scheduled token reductions aim to decrease the circulating supply of FRY tokens. This can help to manage inflation, increase the scarcity of the token, and potentially enhance its value over time. The community's decision on the reduction amount will directly impact the network's economic health and growth.

• Proposed Reduction Amounts:

  • Option 1: Reduce the supply by 12,499,902.375 FRY each quarter.
  • Option 2: Reduce the supply by 6,249,951.1875 FRY each quarter.

• Impact of Each Option:

  • Reducing 12,499,902.375 FRY: This more substantial reduction aims to quickly decrease the supply of FRY tokens, which may have a more immediate impact on scarcity and potentially value, but also carries the risk of greater market volatility.
  • Reducing 6,249,951.1875 FRY: This more moderate reduction aims to steadily decrease the supply without creating sudden market impacts, balancing supply reduction with market stability.

Your Participation Matters:

• Voting on this proposal allows you to directly influence the economic policy of the Fry Foundation Network. Your choice will help determine the pace at which we reduce the FRY token supply and manage the network's long-term health and sustainability.

Voting Details:

• Deadline: Please cast your vote by June 20th at midnight CST. This is the final opportunity to make your voice heard in this crucial decision.
• You can vote multiple times, provided you have sufficient FRY tokens for each vote.

Your participation is crucial. By voting, you are helping shape the future economic strategy of the Fry Foundation Network, ensuring we take a balanced and sustainable approach to token management.

Thank you for your continued support and involvement.

Objective: To determine if the early bird multiplier, initially set to expire on October 28th, 2024, should be made a permanent feature of our tokenomics. This decision will influence our strategy for incentivizing early participation and managing reward distribution as our network grows.

• Reasoning for Making Permanent: The existing reward reduction mechanism, which adjusts with every additional 1000 registered miners, effectively sets a new early bird multiplier just before each reduction. By making this feature permanent, we normalize the benefit for all early participants, ensuring they are rewarded before each incremental threshold.

Proposal to Make Permanent: Proposing to make the early bird multiplier a permanent feature aims to continuously attract and reward new miners, crucial for sustaining growth and robust participation.

Your Participation Matters:

• This vote is pivotal in determining how we balance incentivization with economic health in our network. We encourage all community members to actively participate, considering the long-term implications of your choices on the network’s success.

Note: Community members can cast multiple votes, provided they have enough FRY tokens for each vote. This structure allows those more invested in our network to have a significant influence on its governance decisions.

Objective: To determine the rate of reward reduction per additional 1,000 registered miners. This vote seeks to establish whether rewards should decrease by 4% or 7% for each subsequent batch of 1,000 miners beyond our current count. The goal is to ensure sustainable growth and reward distribution as our network expands.

Key Points:

• Current Situation: With over 8,000 miners currently registered, our network is experiencing rapid growth. This increase in participants necessitates a strategic adjustment in how rewards are distributed to maintain the network's health and long-term viability.

• Options for Reduction:

  • A 4% reduction in rewards for each additional 1,000 miners registered. This moderate approach aims to gradually adjust reward allocations while supporting sustained participation and growth.
  • A 7% reduction in rewards for each additional 1,000 miners registered. This more aggressive strategy is intended to quickly stabilize the reward pool as our community expands, ensuring long-term sustainability.

• Implementation Details: It's important to note that once this vote concludes, the chosen reduction rate will not immediately affect the initial 8,000 miners. Instead, the reduction (either 4% or 7%) will be applied and doubled for the next segment of up to 8,000 new miners. This approach allows for a phased integration of the new policy, giving our community time to adjust.

Your Participation Matters:

• We encourage all community members to participate in this critical decision. Your vote will help shape the future of our reward system, balancing growth with sustainability. Consider the implications of each option and choose the one that aligns with your vision for our network's future.

Note: You may cast your vote as many times as you like, provided you have sufficient FRY tokens to support each vote. This ensures that all stakeholders, especially those deeply invested in our network, have a voice proportional to their commitment.

Objective: To decide on the future of the multiplier function within our tokenomics structure. This function currently doubles the daily rewards when the price is below 1¢ and increases them by 1.5x for each additional zero added to the left of the price. We're bringing this to a community vote to align our tokenomics with long-term sustainability and market adaptability.

Key Points:

• Current Multiplier Function: As it stands, our tokenomics include a feature where daily rewards double if the token price falls below 1¢, with further increases of 1.5x for each additional zero added to the left of the price. This has been designed to incentivize participation and mining efforts during low-price periods.

• Rationale for Removal: The consideration to remove this function stems from an analysis of its long-term impact on the project's economy and sustainability. By potentially removing this function, we aim to create a more predictable and stable token economy that can sustainably support growth and participation without over-reliance on artificial inflationary measures.

• Exclusion of Early Bird Multiplier: It's important to note that this vote will not affect the current 1.5x early bird multiplier, which is set to conclude on October 28th. The early bird multiplier remains unaffected and will continue as previously announced.

Your Participation Matters:

• We encourage all community members to participate in this important vote. Your input is crucial as we make decisions that impact the future direction and health of our project. Please consider the long-term implications of your choice and how it aligns with our collective goal of sustainable growth and stability.

Note:

You can vote as many times as you would like; granted you have enough FRY to make each vote