Reward Admin
The Reward Admin ensures accurate and timely distribution of accumulated rewards within the FRAG-22 ecosystem. This role triggers periodic settlements, manages on-chain reward settlement blocks, and maintains the integrity of the reward pools, directly aligning with the implemented system logic.
Responsibilities and Operations
1. Reward Settlement Management
The Reward Admin periodically initiates reward settlement procedures, recording global reward pool states into on-chain settlement blocks, but does not directly calculate individual user rewards. Users calculate and claim their individual rewards separately.
Core Functions:
- Trigger Settlements: Periodically initiate the settlement process, creating a new settlement block that snapshots the current global contribution state.
- Settlement Block Management: Maintain up to 64 on-chain settlement blocks in a circular buffer, ensuring historical data availability for reward claims.
Process Overview:
2. Reward Pool Maintenance
The Reward Admin oversees the Fund Reward Accounts, ensuring these accounts correctly track global contributions and accumulated rewards.
Core Functions:
- Monitor Global Contribution: Ensure accurate tracking and updates of global contribution states within Fund Reward Accounts upon each settlement.
- Reward Reserve Oversight: Confirm reward tokens are sufficiently reserved, maintaining the integrity and readiness of reward pools for claims.
Process Overview:
Permissions and Access
Reward Admins have:
- Settlement Trigger Authority: Authorized to initiate periodic settlements, creating on-chain snapshots (settlement blocks).
- Fund Reward Account Oversight: Permissions to monitor global contribution states and reward reserves but not individual user-level distributions directly.
These clear permissions maintain operational integrity and security.
Importance in FRAG-22
Reward Admins are essential for maintaining the fairness and transparency of the reward distribution system, enabling reliable and secure operation for users.