Dynamic Fee Markets

Quilibrium proposes a protocol-level data fee market that prices settled data and execution proofs in bytes, which pushes the 2.0 release window further out. Proofs can be made much larger than the data they settle, so an attacker could use them to halt emissions, and execution caps are rejected in favor of continuations once a circuit boundary is reached. Baseline fees are recalibrated at each difficulty interval from the emissions impact of new state growth, with a floor of 0.000000000125 QUIL per byte. Provers set a multiplier capped at the lowest multiplier committed across their ring's last eight proving windows, and node operators can join rings to lower prices.