Treasury Proposal to Incentive subapidao staking for providing low cost default Oracle of widely used ORMP/ORMPPort #1423
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hackfisher
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It's a good idea. But currently, the number of messages sent through Msgport is very low, so we cannot estimate the revenue and cannot determine how many RINGs to apply for. |
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This is another initiative alternate to https://github.com/orgs/subapidao/discussions/48.
As subapidao need to provide high service level by requiring the subapi nodes to perform more reliable, they are going to introducing RING staking mechanism and slash mechanism in the next version (eta 2 months). To achieve this, they will need to provide incentive for the staking by gathering more income or increase oracle price shortly.
Instead of forcing them to increase oracle price shortly, I think Darwinia Treasury is better provide the incentive for them at the startup and go-to-market period. The reasons is as below:
For this reason, I think the subapidao are welcome to propose to Darwinia Treasury to allocate RINGs for its Node Staking incentive. Before acting, the automation and contract for staking is still in pending. cc @jiguantong
Ref:
https://github.com/orgs/subapidao/discussions/48
https://github.com/orgs/subapidao/discussions/49
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