Dear community,
I am engaging you for feedback on a proposal to Establish a framework for System Collators. In addition to presenting the framework, the proposal seeks 1,709.34 KSM to fund a bounty to incentivise collators on the Statemine chain for the period of 6 months.
The document was already presented to current System Collators as well as Joe (W3F) and Zoltan (Encointer) to their satisfaction.
Summary:
A System Parachain (S.C.) is defined as any Parachain which attained its lease via governance. This proposal aims to establish a framework for Collators on System Parachains to minimise censorship, maintain liveliness and incentivise efficient performance.
It attempts to achieve this by suggesting parameters for the selection, incentivisation and the ideal number of Collators on System Parachains. It is also anticipated that this framework would form a standard that would aid future System Parachains as they are deployed.
As a medium term solution, 1,709.34 KSM is requested to fund a bounty to incentivise Collators on the Statemine network for six (6) months. This would be used as a pilot test and re-evaluated before further funding is provided.
Full proposal
The full proposal can be accessed here.
Discussion Time frame
The floor is opened for feedback for the next 1 -2 weeks after which we would submit an on-chain request to fund the bounty and a later request to assign curators.
Note: KSM requested in sections 6.4 and 6.5 are time sensitive and would require recalculation before actual on chain submission.
Regards,
Will | Paradox