Hey
I don’t have the answer here since it depends on the number of transactions.
No inflationary effect as we are not minting new ONE here, instead our original hope for deflationary will not happen until we decided to burn it again
Strictly for infrastructure including cloud cost and partners such as maintaining our multi-sig (protofire) which is essential to the network.
I’ll check with @lij and come back with what I can
For the past few months we have been :
- retiring many infrastructure, remaining instance type in AWS were reduced to minimum,
- moving instances from AWS to other cloud provider (ie, latitude.sh), AWS S3 to storj
- updated explorer backend logic and database storage reduction
- removed unessential backend service
- exploring other idea like making our erpc cluster redundant only for non archival traffic
- S0 snapDB reduced disk space used validator from 2TB to <1TB then S0 epoch sync download has reduced it from <1TB to <1GB
Since our peak at >500k a month in 2022, we are now closed to 100k and should go further down in the coming month. Note the above doesn’t account for the man power cost.
We are open to decentralization especially if that can be bring our cost down.
We discussed about that last time but I have no update on this
My only personal view on this is that right now we need to rebuild the trust, attract community and open source project. We are also trying to settle things internally. When things get better, i am sure we are going to re-open for grant and etc …
I don’t know at all to be honest here. Maybe @Pioneer knows
No idea, something we can revisit later. I would say if the entire chain operation is decentralized, maybe never since there will always be some infra cost to pay.
That’s correct.
you may be right but are you suggesting the foundation or community to create its own validator ? and use all ONE foundation currently stake to community validator to this one ?
the fee collection feature is a long term plan and while we still are in bear market and transactions are low, if one day we can get to our previous high, we had like ~4M ONE in fee collected in a month
Maybe, I can’t speak much in the defi world here, however defi has its own risk.
from the latest update, the collected fee would be used for infrastructure and cloud cost. This will help the treasury with the cloud and infra expenses.
Yes we’ll continue to help.
Unfortunately this is a network change and hence requires validator vote. I’ll plan to announce in advance the block for the snapshot to be taken so everyone is aware. Validators and delegators will have to talk to each other or at least validator should announce the vote in advance so delegator can eventually decide to move their stake.
In regards of the top 8, I unfortunately don’t have any solution right now.
Thanks @HoundOne_Validator @DKValidator for the great questions