@PaperImperium is transitioning to @GFXlabs. Mirroring this transition, at the time of writing, the old delegation contract still has 8,506.43 MKR delegated while the new delegation contract only as 5.02 MKR. This transition alerted me to a shortcoming in the proposed delegate compensation MIP, but the problem will affect all delegates, not just @PaperImperium. Currently, delegate contracts expire after one year. Delegates will need to create new delegate contracts and ask delegated MKR to migrate. This migration will cause volatility in delegate compensation. GovAlpha has clarified that delegates shall be compensated without reference to other delegates, even in this case when there is a clear intent to migrate.
I propose that a component be added to MIP61 to accommodate delegate contract migration:
In the event that a Recognized Delegate intends to migrate from one delegate contract to another, a special procedure is available to reduce unpredictable compensation. The delegate must inform governance 7 days in advance of the migration effective date and which contracts are affected. The new delegate contract cannot already be involved in a migration (e.g., two delegates merging into one). During a 15 day interim period, the old and new delegate contracts are regarded, for the purpose of compensation, as referring to the same entity and compensation calculated using stats from both the old and new contracts. For example, MKR weight will be obtained by the sum of the MKR weight of the old and new contracts. Participation and communication stats will register the most favorable stats considering both the old and new contracts.
This poll shall be active for two weeks, closing on Dec 02.
If ‘Yes’ has more votes than ‘No’ then MIP61 shall be so amended.