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Polkadot System Parachain Collators - Tips Q4/2023
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. This proposal is the final monthly operating costs payment for service providers in Q4 2023. The previous 2-month operation tip was approved under Referenda #156. Future cost compensation will be done under the Polkadot System Parachain Collators Bounty starting from January 2024.
Current Progress and Comments:
A continuation of the system collators funding, due to the low use of Polkadot’s system parachains, the collators require a subvention for their use. Due to the extreme importance of colators operations, the proposal passed without much resistance.
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