Dear community,
I present this proposal on the authorization of the curators of bounty 25.
This proposal seeks to continue funding of Public RPC Providers for the period of six months plus an additional month's contingency. Funding is issued to bounty 25 which awards vendors for RPC services on the Kusama relay-chain as well as its system parachains. The total cost for such provision is USD$107,237.98, which represents $12,397.21 per month without contingency and administrative fees.
Bounty 25 adopts an tender based procurement model in which service providers bid on requirements as set-out by the curators. The tender requirements are aligned to ecosystem needs and can scale up/down depending on usage. Tenders are scored and the highest scoring providers receive funding.
Attention is also being placed on quality of service and should service providers fail to meet said quality-standards they will be penalized or lose funding altogether.
This approach has seen a reduction with independent funding proposals for such services and steering of providers to a "market rate".
Further details can be found here
Kind Regards,
Will | Paradox | ParaNodes.io
This message is about a proposal to give money to help Public RPC Providers for 7 months. RPC Providers help with a computer system called Kusama. The proposal will cost $107,237.98 in total. The money will be given to the best service providers who follow the rules. If the service is not good, the providers can lose money or not get any. This plan has helped to reduce other funding requests and make providers charge a fair price. More information can be found in a link provided.