[Medium Spender] 1kv insights - website and analysis

1kv insights - website and analysis

Validators are the core of NPOS networks like Polkadot and Kusama. In order to avoid concentrated risk with few validators, it is important that the set of validators is sufficiently diverse and decentralized. The Thousands Validators Programme (1kv programme) encourages decentralization of the validators by giving a platform to individuals that want to start running a validator.

• This proposal will build dashboards with the historical performance and statistics of the 1kv validators. This unique and detailed insight is important for independent nominators and staking pool operators that are deciding to stake with a 1kv validator.

• With all the data collected, the proposal intends to answer fundamental questions about the 1kv programme; for example, is the network more decentralized, does it fulfil its promise for long-term participants to become independent, ... Optimizing the 1kv programme will benefit the whole network.

• Lastly, we intend to document the inner workings of the 1kv scoring mechanism. This will allow operators to better align themselves towards the priorities that 1kv wants to incentivize.

Since the last month, we have made available an alpha version of the proposed 1kv insight page. It is functional but with only a few metrics. It has 20 to 30 unique visitors daily.

For more details including costs, see our full proposal here.

The proposal has been up for discussion here since 10 Nov 2022. Community feedback was incorporated.

Requested funding: USD 39'923 or KSM 1'533 based on EMA7 at the time of submission.