Rejected

#36 Polkadot/Kusama staking tools proposal

Proposer:

bitcoinwarrior

in Democracy

19th Dec '22

Description

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Originally posted here.

Hello Kusama community,

This proposal is for a retroactive grant of my two open source, free tools. One for selecting the best validators and another for gathering staking income in a spreadsheet. You can try the validator selector here and the staking income spreadsheet generator here.

I originally set out to create these tools because I was struggling with staking. Selecting the best validators and tracking your staking income were unsolved issues at the time and they are still causing confusion for many. Therefore, I decided to solve my own problems and the problems of others by creating simple, easy to use tools that would get the job done.

You can read the full proposal here.

Thank you for taking the time to consider this proposal!

Users are saying...

Based on all comments and replies

Overall 20 % of users are feeling optimistic. We are seeking feedback on the OpenGov treasury proposal process to better understand the need for our services in assisting teams with successful proposals. Your input will help us tailor our services to your needs. Share your experience by filling out the form at the provided link. Your feedback is valuable to us. Stay updated by following us on Twitter/X. Thank you for your support!

Overall 40 % of users are feeling neutral. The proposer explained that the daily rate was based on their typical project charges during a previous bull market when KSM's USD price was higher. They clarified that tips are meant to be small gestures of gratitude and not payment for services rendered. The proposer appreciates the feedback and hopes the tools provided in the proposal can still be useful.

Overall 40 % of users are feeling against it. The tools mentioned in the proposal were previously tipped and are not deemed useful enough to justify the high asking amount. The claim of a daily rate of $1000 for the project is not supported, and the budget/day rate of the project is the primary reason for voting against it. The suggestion to seek compensation from Talisman for the validator selection tool is also mentioned.

AI-generated from comments

Coinstudio

19th Dec '22

Hi,

Both of these tools received tips earlier, a total of 6 KSM for them (both mentioned in the proposal, thank you for being transparent!)

https://www.dotreasury.com/ksm/tips/11259807_0xcf867e6b14a8511e7b42bd095a085e8d4533932009e9e8c74f8860ed6b019fa1

https://www.dotreasury.com/ksm/tips/0xf0394919f58a62df369583f23f8b3da6553df93628732fb4d8f8ea22e0582a2e

I find these tools somehow useful. While it is nice to have automated reward export to xls, it is something that I do often manually in 3 mouse clicks. I also cant support the claim of the daily rate of 1000$ for this project. As mentioned before, these tools were tipped before with 6 KSM. Asking for 125x of that amount (760KSM) seems a bit excessive so I will have to vote Nay on this proposal.

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bitcoinwarrior

19th Dec '22

Hi CoinStudio, thank you for your feedback.

I based the daily rate on what I would typically charge to build projects and at the time of the tips we were in a bull market when the USD price of KSM was significantly higher (this proposal would be roughly 15x with today's rate).

My understanding was that tips were only supposed to be small and not necessarily representative of the total cost to build.

In any case, thank you for taking the time to look over this proposal and I hope you can find some use in the tools.

Paradox

19th Dec '22

I would like to also confirm that a tip is not meant to be compensation for work rendered, rather it is a token of gratitude.

Coinstudio

20th Dec '22

Hi James,

thanks for the reply. With the current bear market I am putting extra attention to the proposed budgets and the estimated extracted value of projects (to my best knowledge). While often I do support projects like this, in this case the proposed budget/dayrate was the only reason I voted against it.

I also noticed that the Talisman plans to use your validator selection tool in their wallet. Maybe it is possible to get some compensation from Talisman?

KRYPTOSCHAIN

27th Dec '22

Voted Nay

Hi, while these tools may have been helpful at one time when people were new to staking, I believe staking has become much easier than in the past with all the different wallets offering the feature in a simple way and with all the data available on them so to me, I just don't see any value in this kind of tool right now and much less the asking amount. A tip would be more appropriate for this kind of tool and you've already received it so if you'd like another tip, maybe try a Big Tipper referendum (you can request up to 33 KSM) and I'd be happy to support you there with an Aye vote.

Thus as it stands, I decided to vote Nay for this.

OpenGovAssist

13th Aug '23

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