Rewards Calculation

The rewards are calculated daily at the UTC. Think Deviews as a blockchain, the blocktime would be 24h, the block rewards will be calculated and generated at every UTC.

Below is the detailed rewards calculation approach.

The rewards to the users for their reviews come from Project Base Rewards Pool and Project Bonus Rewards Pool. Both are composed of the Deviews ecosystem token, the DVS.

The amount of DVS that user i could get with his/her review on project j on a certain day is $Rewards_{i,j}$. It can be calculated using below function.

$$Rewards_{i,j}= Base_j * BaseWeight_{i,j} + Bonus_j * BonusWeight_{i,j}$$

For project j, the size of its Project Base Rewards Pool on a certain day is $Base_j$. It’s a proportion of the daily supply of DVS tokens from the Total Base Rewards Pool, where 40% of the total DVS supply is allocated and a linear emission schedule over the first four years is followed. The proportion is decided by the governance team (the founding team at the early stage, and later the DAO).

$BaseWeight_{i,j}$ is the proportion that user i could get from $Base_j$. It’s calculated out of a function that takes into consideration user i’s holding of project j ($H_{i,j}$), the quality of user i’s review on project j ($Q_{i,j}$), the social impact of user i ($S_i$) and Deviews involvement of user i ($I_i$).

$$BaseWeight_{i,j} = f(H_{i,j}, Q_{i,j}, S_i, I_i)$$

$H_{i,j}$ is measured by the minimum amount of the token of project j that user i holds during the current Deviews blocktime (24h). The review from holder who has more genuine holding should be of more importance to Deviews users, thus weighs more in the DVS allocation algorithm.

$Q_{i,j}$ is measured by the amount of new likes, replies, tips and also unlikes received by user i's review on project j during the corresponding Deviews blocktime (24h). The more likes, replies and tips, the higher the quality of the review. The amount of unlikes impacts the $Q_{i,j}$ in the opposite way.

$S_i$ is measured by the total amount of visits to Deviews platform through the link shared by user i.

$I_i$ measures the involvement of user i on Deviews platform. Users who hold Deviews NFT or participate in the DVS staking have higher involvement score.

The size of Project Bonus Rewards Pool on a certain day for project j is $Bonus_j$. It’s decided by the amount of DVS tokens added to the Project Bonus Rewards Pool (by the project team etc) and the emission schedule set for it.

$BonusWeight_{i,j}$ is the proportion that user i could get from $Bonus_j$, and the calculation of it is similar to that of $BaseWeight_{i,j}$. In addition to H, Q, S and I, there is another parameter in the calculation, which is $N_{i,j}$. It indicates whether the review is a newly created one or an existing one. To encourage for new users, $N_{i,j}$ is higher for newly created reviews.

$$BonusWeight_{i,j} = f(H_{i,j}, Q_{i,j}, S_i, I_i, N_{i,j})$$