FIP-0100: Improve Summary & Abstract for clarity

FIPS/fip-0100.md

@@ -13,20 +13,23 @@ Created: 2025-02-04
 
 ## Simple Summary
 
-This FIP proposes to:
+This FIP makes three key changes to improve Filecoin's economics and scalability:
 
- - Remove the batch fee from all PreCommit and ProveCommit methods to incentivize sector batching during the PreCommit step and proof aggregation during the ProveCommit step;
- - Introduce a per sector fee to replace the batch balancer cost structure with a more stable mechanism that supports the long-term economic sustainability of the Filecoin network;
- - Remove protocol constraints that are no longer necessary since the introduction of proper gas accounting.
+1. Removes the batch fee from PreCommit and ProveCommit operations, lowering gas costs and encouraging sector batching and proof aggregation;
+2. Introduces a new daily per-sector fee based on quality-adjusted power, replacing the batch balancer with a more predictable mechanism for network value accrual;
+3. Removes unnecessary protocol constraints that previously limited batch sizes.
 
 ## Abstract
 
-This FIP consists of three changes:
+This FIP addresses three interconnected challenges in Filecoin's protocol:
 
- - First, a straightforward way to reduce gas consumption is through sector batching and proof aggregation. Storage providers (SPs) should be incentivized to batch sectors at PreCommit and aggregate proofs at prove commit as much as possible. Currently, the efficiency of these processes is governed by the batch balancer mechanism, which is tied to the base fee and comes with several limitations. This FIP proposes the removal of the batch balancer (see details below) to enable full adoption of batching and aggregation, thereby enhancing scalability and onboarding growth.
- - Secondly, the batch balancer was introduced to address a misalignment in the Filecoin economy. Beyond blockchain execution, the Filecoin network provides SPs with a storage-auditing service through on-chain verification of proofs. While gas fees primarily account for execution costs, there is no dedicated system that properly captures the network’s storage-auditing value. The batch balancer partially addressed this gap, although attempted to achieve value capture through the gas mechanism which is primarily a means of constraining chain validation costs. With the removal of the batch balancer, a replacement mechanism is needed. This FIP proposes a better, more effective system to achieve that goal (see details below).
- - Finally, this FIP also includes the removal of gas-limited protocol constraints which are no longer needed. However, these modifications are not the primary focus of the proposal. Eliminating these constraints aims to simplify the protocol, and remove any unintentional network growth constraints.
+First, it removes the batch balancer fee that currently makes sector batching and proof aggregation cost-ineffective at normal base fee levels. This change will reduce onboarding gas usage by approximately 30% and enable Storage Providers to always use the most efficient onboarding methods. This significantly lowers the variability and unpredictability of onboarding costs by reducing base fee spikes at our current onboarding rates, while also raising both the self-imposed and the theoretical maximum onboarding rates.
 
+Second, it introduces a new daily per-sector fee to better capture the value of Filecoin's storage-auditing service. The network provides valuable proof verification that enables storage providers to credibly sell storage to their clients. While the batch balancer attempted to capture this value through gas fees, this new mechanism provides a more direct and predictable approach. **While this will increase the total lifetime cost for most storage providers (especially those storing FIL+ verified deals and compared to when base fee remains low on average), it transforms the economics from unpredictable, spiky costs at onboarding time to a consistent, predictable daily expense proportional to the value received.** The fee is calculated once (at sector activation) based on the sector's quality-adjusted power and the circulating supply, then paid daily throughout the sector's lifetime and capped at 50% of expected daily rewards. This ensures network value accrual scales with storage demand while allowing storage providers to reliably account for these costs.
+
+Third, this FIP removes protocol constraints on batch sizes that are no longer necessary with proper gas accounting, simplifying the protocol and removing unintentional limitations on network growth.
+
+Together, these changes create a more efficient onboarding process and a clearer separation between execution costs (gas) and storage-auditing service value (daily sector fee), ensuring sustainable economics that align incentives for both the network and its participants.
 
 ## Change Motivation