diff --git a/framework/cached-packages/src/libra_framework_sdk_builder.rs b/framework/cached-packages/src/libra_framework_sdk_builder.rs
index a3bae1d52..3c4909b23 100644
--- a/framework/cached-packages/src/libra_framework_sdk_builder.rs
+++ b/framework/cached-packages/src/libra_framework_sdk_builder.rs
@@ -474,6 +474,12 @@ pub enum EntryFunctionCall {
         epoch_expiry: u64,
     },
 
+    /// update the bid using estimated net reward instead of the internal bid variables
+    ProofOfFeePofUpdateBidNetReward {
+        net_reward: u64,
+        epoch_expiry: u64,
+    },
+
     /// This function initiates governance for the multisig. It is called by the sponsor address, and is only callable once.
     /// init_gov fails gracefully if the governance is already initialized.
     /// init_type will throw errors if the type is already initialized.
@@ -808,6 +814,10 @@ impl EntryFunctionCall {
             ProofOfFeePofUpdateBid { bid, epoch_expiry } => {
                 proof_of_fee_pof_update_bid(bid, epoch_expiry)
             }
+            ProofOfFeePofUpdateBidNetReward {
+                net_reward,
+                epoch_expiry,
+            } => proof_of_fee_pof_update_bid_net_reward(net_reward, epoch_expiry),
             SafeInitPaymentMultisig { authorities } => safe_init_payment_multisig(authorities),
             SlowWalletSmokeTestVmUnlock {
                 user_addr,
@@ -2147,6 +2157,28 @@ pub fn proof_of_fee_pof_update_bid(bid: u64, epoch_expiry: u64) -> TransactionPa
     ))
 }
 
+/// update the bid using estimated net reward instead of the internal bid variables
+pub fn proof_of_fee_pof_update_bid_net_reward(
+    net_reward: u64,
+    epoch_expiry: u64,
+) -> TransactionPayload {
+    TransactionPayload::EntryFunction(EntryFunction::new(
+        ModuleId::new(
+            AccountAddress::new([
+                0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0,
+                0, 0, 0, 1,
+            ]),
+            ident_str!("proof_of_fee").to_owned(),
+        ),
+        ident_str!("pof_update_bid_net_reward").to_owned(),
+        vec![],
+        vec![
+            bcs::to_bytes(&net_reward).unwrap(),
+            bcs::to_bytes(&epoch_expiry).unwrap(),
+        ],
+    ))
+}
+
 /// This function initiates governance for the multisig. It is called by the sponsor address, and is only callable once.
 /// init_gov fails gracefully if the governance is already initialized.
 /// init_type will throw errors if the type is already initialized.
@@ -3105,6 +3137,19 @@ mod decoder {
         }
     }
 
+    pub fn proof_of_fee_pof_update_bid_net_reward(
+        payload: &TransactionPayload,
+    ) -> Option<EntryFunctionCall> {
+        if let TransactionPayload::EntryFunction(script) = payload {
+            Some(EntryFunctionCall::ProofOfFeePofUpdateBidNetReward {
+                net_reward: bcs::from_bytes(script.args().first()?).ok()?,
+                epoch_expiry: bcs::from_bytes(script.args().get(1)?).ok()?,
+            })
+        } else {
+            None
+        }
+    }
+
     pub fn safe_init_payment_multisig(payload: &TransactionPayload) -> Option<EntryFunctionCall> {
         if let TransactionPayload::EntryFunction(script) = payload {
             Some(EntryFunctionCall::SafeInitPaymentMultisig {
@@ -3480,6 +3525,10 @@ static SCRIPT_FUNCTION_DECODER_MAP: once_cell::sync::Lazy<EntryFunctionDecoderMa
             "proof_of_fee_pof_update_bid".to_string(),
             Box::new(decoder::proof_of_fee_pof_update_bid),
         );
+        map.insert(
+            "proof_of_fee_pof_update_bid_net_reward".to_string(),
+            Box::new(decoder::proof_of_fee_pof_update_bid_net_reward),
+        );
         map.insert(
             "safe_init_payment_multisig".to_string(),
             Box::new(decoder::safe_init_payment_multisig),
diff --git a/framework/libra-framework/sources/ol_sources/proof_of_fee.move b/framework/libra-framework/sources/ol_sources/proof_of_fee.move
index abf96b859..a8e90e62d 100644
--- a/framework/libra-framework/sources/ol_sources/proof_of_fee.move
+++ b/framework/libra-framework/sources/ol_sources/proof_of_fee.move
@@ -53,6 +53,9 @@ module ol_framework::proof_of_fee {
   const LONG_WINDOW: u64 = 10; // 10 epochs
   /// Margin for vouches
   const VOUCH_MARGIN: u64 = 2;
+  /// Maximum days before a bid expires.
+  const MAXIMUM_BID_EXPIRATION_EPOCHS: u64 = 30;
+
 
   //////// ERRORS /////////
   /// Not an active validator
@@ -75,6 +78,10 @@ module ol_framework::proof_of_fee {
   const EBID_EXPIRED: u64 = 16;
   /// not enough coin balance
   const ELOW_UNLOCKED_COIN_BALANCE: u64 = 17;
+  /// reward should never reach zero, very bad
+  const EWTF_WHY_IS_REWARD_ZERO: u64 = 18;
+  /// don't try to set a net reward greater than the max epoch reward
+  const ENET_REWARD_GREATER_THAN_REWARD: u64 = 19;
 
   // A struct on the validators account which indicates their
   // latest bid (and epoch)
@@ -645,7 +652,6 @@ module ol_framework::proof_of_fee {
 
   // get the current bid for a validator
   // CONSENSUS CRITICAL
-  // ALL EYES ON THIS
   // Proof of Fee returns the current bid of the validator during the auction for upcoming epoch seats.
   // returns (current bid, expiration epoch)
   #[view]
@@ -665,6 +671,31 @@ module ol_framework::proof_of_fee {
     return (0, 0)
   }
 
+  #[view]
+  /// Convenience function to calculate the implied net reward
+  /// that the validator is seeking on a per-epoch basis.
+  /// @returns the unscaled coin value (not human readable) of the net reward
+  /// the user expects
+  public fun user_net_reward(node_addr: address): u64 acquires
+  ConsensusReward, ProofOfFeeAuction {
+    // get the user percentage rate
+
+    let (bid_pct, _) = current_bid(node_addr);
+    if (bid_pct == 0) return 0;
+    // get the current nominal reward
+    let (nominal_reward, _, _ , _) = get_consensus_reward();
+
+    let user_entry_fee = bid_pct * nominal_reward;
+    if (user_entry_fee == 0) return 0;
+    user_entry_fee = user_entry_fee / 10;
+
+    if (user_entry_fee < nominal_reward) {
+      return nominal_reward - user_entry_fee
+    };
+
+    return 0
+  }
+
   #[view]
   // which epoch did they last retract a bid?
   public fun is_already_retracted(node_addr: address): (bool, u64) acquires ProofOfFeeAuction {
@@ -735,6 +766,47 @@ module ol_framework::proof_of_fee {
     pof.bid = bid;
   }
 
+  /// converts a current desired net_reward to the internal bid percentage
+  // Note: this uses the current epoch reward, which may not reflect the
+  // incoming epochs ajusted reward.
+  fun convert_net_reward_to_bid(net_reward: u64): u64 acquires ConsensusReward {
+    // if user wants zero, return 100% scaled
+    if (net_reward == 0) {
+      return 1000
+    };
+
+    let (nominal_reward, _, _ , _) = get_consensus_reward();
+    assert!(nominal_reward > 0, EWTF_WHY_IS_REWARD_ZERO);
+    assert!(net_reward <  nominal_reward, ENET_REWARD_GREATER_THAN_REWARD);
+
+    let pct_with_decimal = (net_reward * 10) / nominal_reward;
+
+    return pct_with_decimal
+  }
+
+  /// Instead of setting a bid with the internal variables of pct bid, we
+  /// allow the user to set their expected net_reward in an epoch
+  fun set_net_reward(account_sig: &signer, net_reward: u64, expiry_epoch: u64) acquires
+  ConsensusReward, ProofOfFeeAuction {
+    // double check the epoch expiry
+    let epoch_checked = check_epoch_expiry(expiry_epoch);
+    // convert to bid
+    let scaled_pct = convert_net_reward_to_bid(net_reward);
+    set_bid(account_sig, scaled_pct, epoch_checked);
+  }
+
+  /// check if the expiry is too far in the future
+  /// and if so, return what the maximum allowed would be.
+  /// if within range returns the provided epoch without change
+  /// @returns checked epoch for bid expiration
+  fun check_epoch_expiry(expiry_epoch: u64): u64 {
+    let this_epoch = epoch_helper::get_current_epoch();
+    if (expiry_epoch > MAXIMUM_BID_EXPIRATION_EPOCHS) {
+      return this_epoch + MAXIMUM_BID_EXPIRATION_EPOCHS
+    };
+    expiry_epoch
+  }
+
   /// Note that the validator will not be bidding on any future
   /// epochs if they retract their bid. The must set a new bid.
   fun retract_bid(account_sig: &signer) acquires ProofOfFeeAuction {
@@ -770,6 +842,14 @@ module ol_framework::proof_of_fee {
     set_bid(sender, bid, epoch_expiry);
   }
 
+  /// update the bid using estimated net reward instead of the internal bid variables
+  public entry fun pof_update_bid_net_reward(sender: &signer, net_reward: u64,
+  epoch_expiry: u64) acquires ProofOfFeeAuction, ConsensusReward {
+    let checked_epoch = check_epoch_expiry(epoch_expiry);
+    // update the bid, initializes if not already.
+    set_net_reward(sender, net_reward, checked_epoch);
+  }
+
   /// retract bid
   public entry fun pof_retract_bid(sender: signer) acquires ProofOfFeeAuction {
     // retract a bid
diff --git a/framework/releases/head.mrb b/framework/releases/head.mrb
index d0e20fa11..6bfd477db 100644
Binary files a/framework/releases/head.mrb and b/framework/releases/head.mrb differ
diff --git a/tools/txs/src/txs_cli_vals.rs b/tools/txs/src/txs_cli_vals.rs
index 6dbd3eef5..98d1ea749 100644
--- a/tools/txs/src/txs_cli_vals.rs
+++ b/tools/txs/src/txs_cli_vals.rs
@@ -6,8 +6,8 @@ use diem_genesis::config::OperatorConfiguration;
 use diem_types::account_address::AccountAddress;
 use libra_cached_packages::libra_stdlib::EntryFunctionCall::{
     self, JailUnjailByVoucher, ProofOfFeePofRetractBid, ProofOfFeePofUpdateBid,
-    StakeUpdateNetworkAndFullnodeAddresses, ValidatorUniverseRegisterValidator, VouchRevoke,
-    VouchVouchFor,
+    ProofOfFeePofUpdateBidNetReward, StakeUpdateNetworkAndFullnodeAddresses,
+    ValidatorUniverseRegisterValidator, VouchRevoke, VouchVouchFor,
 };
 use libra_config::validator_registration;
 use libra_types::global_config_dir;
@@ -18,14 +18,17 @@ use std::{fs, path::PathBuf};
 pub enum ValidatorTxs {
     /// Proof-of-Fee auction bidding
     Pof {
+        #[clap(short('r'), long)]
+        /// Estimated net reward you would like to receive each epoch
+        net_reward: u64,
         #[clap(short, long)]
         /// Percentage of the nominal reward you will bid to join the
         /// validator set, with three decimal places: 1.234 is 123.4%
-        bid_pct: f64,
+        bid_pct: Option<f64>,
         #[clap(short, long)]
-        /// Epoch until the bid is valid (will expire in `expiry` + 1)
+        /// Epoch until the bid is valid (will expire in `expiry` + 1). Max 30 epochs
         expiry: u64,
-        #[clap(short, long)]
+        #[clap(long)]
         /// Eliminates the bid. There are only a limited amount of retractions that can happen in an epoch
         retract: bool,
     },
@@ -69,15 +72,16 @@ impl ValidatorTxs {
     pub fn make_payload(&self) -> anyhow::Result<EntryFunctionCall> {
         let p = match self {
             ValidatorTxs::Pof {
+                net_reward,
                 bid_pct,
-                expiry: epoch_expiry,
+                expiry,
                 retract,
             } => {
                 if *retract {
                     ProofOfFeePofRetractBid {}
-                } else {
+                } else if let Some(b) = bid_pct {
                     // TODO: the u64 will truncate, but without rounding it will drop the last digit.
-                    let scaled_bid = (bid_pct * 1000.0).round() as u64; // scale to 10ˆ3.
+                    let scaled_bid = (b * 1000.0).round() as u64; // scale to 10ˆ3.
                     if scaled_bid > 1100 {
                         bail!(
                             "a bid amount at 110.0% or above the epoch's reward, will be rejected"
@@ -85,7 +89,13 @@ impl ValidatorTxs {
                     }
                     ProofOfFeePofUpdateBid {
                         bid: scaled_bid,
-                        epoch_expiry: *epoch_expiry,
+                        epoch_expiry: *expiry,
+                    }
+                } else {
+                    // Default path is to update based on the expected net reward
+                    ProofOfFeePofUpdateBidNetReward {
+                        net_reward: *net_reward,
+                        epoch_expiry: *expiry,
                     }
                 }
             }