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Proposal #304

Passed

Proposal title

Support IBC Relayers with Fee Grants III

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

93.32%

Proposal #304 description

We propose the use of fee grants to temporarily mitigate these costs and incentivize more relayers to participate in our network. This solution is only temporary until more sustainable solutions, such as IBC fee middleware, are introduced. We will be using the IBC Relayers telegram where popular IBC relayers can submit their addresses and be added to the grant system. This approach will directly pay for the gas costs of the relayers and create a healthier ecosystem for all participants.

Context and Importance of IBC Relayers

IBC Relayers play a crucial role in connecting our network with other chains. They are the unsung heroes who allow our transactions to flow smoothly between different networks, enabling seamless interoperability. However, they incur gas costs to keep this mechanism running, a financial burden that can often deter many from participating in this essential service. The main funding mechanism for relayers, as of now, are delegations from SCRT Labs to cover their costs.

Funding Details

Based on new estimates, we anticipate a need for 2000 SCRT per month, leading to a total of 12000 SCRT for the period of 6 months. Any excess funds will be used to extend the runtime of the proposal. The actual amount required may vary based on gas price fluctuations and the number of participating relayers. This initial fund will be monitored and used as a baseline to establish future funding requirements.

The forum post for the proposal with more details can be found here: https://forum.scrt.network/t/support-ibc-relayers-with-fee-grants-iii/7341

The total ask is 12000 SCRT.

Places this has also been discussed:

  1. https://t.me/SCRT_gov

Proposal #304 overview

Total votes
1,739
Voters
1,730
Total deposit
1,000 SCRT

Proposal #304 votes

#

Validator

Account Address

Options
1securesecrets.orgYes
2Chorus OneYes
3crosnestYes
4Trivium | Trivium.NetworkYes
5XavierCapitalYes
6Node.MonsterYes
7Lavender.Five Nodes 🐝Yes
8Mr. Roboto πŸ€–'s SecretYes
9Cosmonaut Stakes SCRTYes
10βœ… CryptoCrew Validators #IBCgangAbstain
11KeplrYes
12SpaceStakeYes
13cosmosrescueYes
14FreshSTAKINGYes
15Chilly Waifu Validation (Chill Validation)Yes
16AgoraNodesYes
17Stakely.ioYes
18secretSauce 🍯Abstain
19ObiYes
20w3coinsYes
21POSTHUMAN 🧬 StakeDropYes
22Coinage x DAICYes
23HighStakes.ch | Daily AirdropsYes
24Citadel.oneYes
25🌱 ActiList.io DAppYes
26ELYSIUMYes
27WhisperNode 🀐Yes
28StarShellYes
29AutoStake πŸ›‘οΈ Slash ProtectedYes
30πŸͺ π•Šecret π•Šaturn | 1% foreverYes

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