This is a proposal for a bounty top-up of the System Parachain Collators funding on Kusama. We are repeating this proposal since the referenda failed, in part due to last minute vote changed due to accusation of double spending. We hope to address this with this video and with the revised parts of the initial proposal.
In addition - after the last proposal it was suggested that we elect a coordinator, which we did. Since Paradox has been doing this task for the past year he was suggested and endorsed as the coordinator.
Furthermore - the market rate has since changed dramatically and we hope to be better aligned with the "new market rate" with the revised budget.
This funding will cover AssetHub, BridgeHub, Coretime, People and Encointer System Parachains on Kusama.
This proposal supplements the original System Parachain Collator Proposal, and continues the proposal for System Parachain funding, aiming to incentivize the best performance, minimize censorship, and maintain liveliness by securing treasury funding for the operational costs of Kusama System Parachain Collators.
Furthermore it expands its scope to three new System Parachains — Coretime, People and Encointer.
Additionally — it introduces newly established methodology of selection criteria for invulnerable collator spots, as well as newly established bidding procedure for securing permissionless spots.
All of this is detailed out in the Proposal document.
Funding Request: Infrastructure Costs and Staking Rewards
Coverage: Five Kusama System Parachains (AssetHub, BridgeHub, Coretime, People and Encointer)
Duration: 6-month runway
Start Date: July 1, 2024
Funding Amount: 7,926.62 KSM for Kusama System Parachains
Note:
Unlike most other treasury spends, this spend funds a bounty. If there is a disagreement with any particular portion of the budget we can not disburse it or return that portion to the Treasury. There are also some budget items that are provisional (like development, price fluctuation, administrative) and these are all reallocated to primary services if not used for the intended purpose.
This is a proposal for a bounty top-up of the System Parachain Collators funding on Kusama. We are repeating this proposal since the referenda failed, in part due to last minute vote changed due to accusation of double spending. We hope to address this with this video and with the revised parts of the initial proposal.
In addition - after the last proposal it was suggested that we elect a coordinator, which we did. Since Paradox has been doing this task for the past year he was suggested and endorsed as the coordinator.
Furthermore - the market rate has since changed dramatically and we hope to be better aligned with the "new market rate" with the revised budget.
This funding will cover AssetHub, BridgeHub, Coretime, People and Encointer System Parachains on Kusama.
This proposal supplements the original System Parachain Collator Proposal, and continues the proposal for System Parachain funding, aiming to incentivize the best performance, minimize censorship, and maintain liveliness by securing treasury funding for the operational costs of Kusama System Parachain Collators.
Furthermore it expands its scope to three new System Parachains — Coretime, People and Encointer.
Additionally — it introduces newly established methodology of selection criteria for invulnerable collator spots, as well as newly established bidding procedure for securing permissionless spots.
All of this is detailed out in the Proposal document.
Funding Request: Infrastructure Costs and Staking Rewards
Coverage: Five Kusama System Parachains (AssetHub, BridgeHub, Coretime, People and Encointer)
Duration: 6-month runway
Start Date: July 1, 2024
Funding Amount: 7,926.62 KSM for Kusama System Parachains
Note:
Unlike most other treasury spends, this spend funds a bounty. If there is a disagreement with any particular portion of the budget we can not disburse it or return that portion to the Treasury. There are also some budget items that are provisional (like development, price fluctuation, administrative) and these are all reallocated to primary services if not used for the intended purpose.