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- #426/
Referendum #470Treasury #426
Tip for an account used for Referendum Deposit Clean-up and Validator Payout Bot
Awarded
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AI Summary
Dear community,
I would like your support to fund an account used for common good activities with 50 KSM. Based on current projections this should fund said activities for 6 months.
The account is used in-part for activities such as:
- Paying out staking rewards for several validators and their nominators
- Refunding submission and decision deposits for several referenda on Kusama and the Collective chain
The account was previously funded by the Treasury 321 days ago. There are now many more payouts per era as more validators are active and there is a higher drain on funds.
It is worthwhile noting that the account has no outbound transfers and most (if not all) expenses on the account are transactional in nature; this means that 80% of the fees are returned to the treasury.
The account balance over the past three months is shown below.
Kind Regards,
Will | Paradox | ParaNodes
Edited
Summary
- Purpose: Fund an account for common good activities on Kusama network.
- Amount Needed: 50 KSM to cover activities for 6 months.
- Activities:
- Paying staking rewards for validators and nominators.
- Refunding deposits for referenda on Kusama and Collective chain.
- Previous Funding: Last funded 321 days ago by the Treasury.
- Increased Usage: More validators and higher expenses.
- Account Transparency: No outbound transfers, 80% of fees returned to the Treasury.
- Balance History: Account balance shown over the past three months.
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One may join by following the steps listed here -> https://github.com/paradox-tt/CrunchPayees