Dual Table

A table of the optimal duals that guide us on how to control the incentive mechanism

When duals are nonzero, we pay attention. When the duals are zero, no adjustment needed, everything is firing on full cylinders. With this understanding we can form a digital “scoreboard” of the duals and watch them in real time in order to make tweaks or adjustments to the initial conditions of the next epoch.

Budget

λ_B

Budget is the bottleneck. More budget leads to more flow.

κ cap

λ_κ

Pay-per-dollar cap is binding.

Diversity

λ_i

Miner i wants more share, capped by diversity.

Ramp

ρ_i±

Smoothness is limiting re-allocations.

Eligibility

μ_i

Some miners disqualified by ROI/volume/Kelly.

Bounds

ν_i±

Some allocations hit 0 or 1.

Link

α

Keeps bookkeeping consistent (usually not interpreted as a policy dial).

Last updated