Dear Kusama community,
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. Future cost compensation will be done under the <a href="../post/2613">Kusama System Parachain Collators Bounty 20</a> starting from January 2024.
<a href="https://docs.google.com/document/d/1UQi_DFP99i-VE8tOEQQHR10xqbIPHLqGHNW0f1imuEE/edit?usp=sharing">Full Proposal</a>
The proposal aims to secure 844.654 KSM for Collators on the Kusama System Parachains network for services delivered for 3 months - 10-12/2023.
<img src="https://example.com/your-image.png" alt="" /><img src="https://i.ibb.co/W5Jdk2r/Screenshot-2023-11-21-at-23-52-39.png" alt="" width="640" height="629" />
We encourage the Kusama community to review this proposal and provide any feedback or suggestions.
Thank you!

This proposal aims to introduce NFT interoperability within the Polkadot ecosystem, addressing the current limitation of only fungible asset transfers. It outlines a comprehensive approach to enable the seamless transfer of NFTs across parachains, enhancing Polkadot's value proposition of interoperability. The proposal involves creating an XCM Asset Transfer Architecture to handle the unique characteristics of NFTs, addressing challenges such as collection registration, NFT addressing, and fee estimations. It also reviews existing UI implementations across wallets and bridges, proposing API approaches and integration tools for easier adoption. The estimated completion is by the end of 2024, with a collaborative effort from various stakeholders in the ecosystem.

- Problem Statement: Collators on System Parachains lack adequate rewards, leading to under-resourcing and reduced incentives.
- Significance: Incentivizing Collators is crucial for network security and efficiency.
- Proposed Solution: Monthly operating costs payment for service providers in Q4 2023, transitioning to a bounty system in 2024.
- Expected Outcomes: Securing 844.654 KSM for Collators for services provided from October to December 2023.

#379 Kusama System Parachain Collators - Tips Q4/2023

No Active Proposals