Type:
development
RETROACTIVE

Amount Requested:

6075.79 DOT

24930.42$

Proposed on:
Sept. 19, 2023
Proposal Awarded on:
Oct. 31, 2023
Expected Delivery
Oct. 31, 2023
Actual Delivery:
Oct. 31, 2023

Status:

completed

Polkadot System Parachain Collators - Tips - Referenda #151 failed to execute

by Coinstudio

Summary:

Collators on System Parachains are provided with minimal rewards for block production and small incentives in terms of transaction fees. This reduces incentives for Collators to act in a favorable manner and they may also be inclined to under-resourcing their hosts to save costs. Collators should receive funding for the provision of their services. Ultimately, this should be provided by the chain in a preferably sustainable manner. Implementation of such a system is a long-term solution. In the medium term, funding for collators can be provided by the respective Treasuries in the form of a bounty. This allows funding to be pre-allocated and independently managed. Based on Kusama System Parachains Collator Bounty, and RFC-0007: System Collator Selection, this proposal is a short-term solution aiming to post-pay monthly operating costs of service providers until a more suitable solution (Bounty) is established.

Current Progress and Comments:

A retroactive payment to validators on the public goods collators who will use the funds for 2 months of operations. For that reason, there wasn’t resistance for this proposal.