#245 [Medium Spender] 1kv insights - website and analysis
1kv insights - website and analysis
Validators are the core of NPOS networks like Polkadot and Kusama. In order to avoid concentrated risk with few validators, it is important that the set of validators is sufficiently diverse and decentralized. The Thousands Validators Programme (1kv programme) encourages decentralization of the validators by giving a platform to individuals that want to start running a validator.
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This proposal will build dashboards with the historical performance and statistics of the 1kv validators. This unique and detailed insight is important for independent nominators and staking pool operators that are deciding to stake with a 1kv validator.
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With all the data collected, the proposal intends to answer fundamental questions about the 1kv programme; for example, is the network more decentralized, does it fulfil its promise for long-term participants to become independent, ... Optimizing the 1kv programme will benefit the whole network.
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Lastly, we intend to document the inner workings of the 1kv scoring mechanism. This will allow operators to better align themselves towards the priorities that 1kv wants to incentivize.
Since the last month, we have made available an alpha version of the proposed 1kv insight page. It is functional but with only a few metrics. It has 20 to 30 unique visitors daily.
For more details including costs, see our full proposal here.
The proposal has been up for discussion here since 10 Nov 2022. Community feedback was incorporated.
Requested funding: USD 39'923 or KSM 1'533 based on EMA7 at the time of submission.
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Hi MathCrypto,
This is a useful tool and I have been using it myself on several occasions. I give extra credits to it as the similar tools that were in place are either down or not maintained anymore.
Aye for the proposal!
Thanks for your support!
Indeed, many of the existing tools are not maintained anymore which is one of the reasons for doing this proposal. In addition, the 1kv programme changed (and will change) quite a bit.
I am also in support of such tools and those who spend the time to build and maintain it. MathCrypto is also an active part of the validator community and contributes meaningfully to discussions.
Thanks for the vote of confidence! It's a pleasure to build in Dotsama.
Hello team,
Your treasury proposal was approved and funded more than 3 months ago. Could you please take the time to share an update on your progress with the Community by posting a comment in this referendum post?
Please keep in mind that, as part of treasury proposals’ lifecycle, a final report is due at the completion of all milestones to evaluate the success of the initiative. You can find a template for the treasury proposal report here.
Thank you for your consideration.
Hi Anaelle,
The proposal got awarded on Jan 6 and we committed to a 6 months development period in the proposal. This puts us at July 6 for completion, hence in two months from today.
To be clear, we have been working on the project. Progress has been a little slower than anticipated due to difficulties with exploring OpenGov on chain. However, we will deliver the proposal!
In the meantime, the prototype webpage stays functional and gets updated to take into account recent changes to the 1kv programme.
All the best, Math Crypto
Hello,
We are in the process of validating a true need for a service to assist teams with crafting and completing successful treasury proposals, so they can focus on building. We would love to hear about your experience with this proposal. If you are willing to take a few minutes, please fill out this form about your experience with the OpenGov treasury proposal process: https://forms.gle/MwDij4adXEQd7Um79
Feel free to leave out any details that your team is not comfortable with sharing, but the more info you can provide, the better we will be able to assess the potential need for our services.
For more info, follow us on Twitter/X: https://twitter.com/OpenGovAssist
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