The API Proposal II

Exec Legacy Content

passed

Expected result

—

Turnout / Quorum

47.36% / 33.40%

Voting start 2023.03.13 at 03:03:20

Voting end 2023.03.20 at 03:03:20

76.47%

52 168 884 SCRT

Yes

3.18%

2 166 487 SCRT

0.00%

735 SCRT

Veto

20.36%

13 887 349 SCRT

Abstain

Details

Proposer

Total deposit

1 000 SCRT

Submit time

2023.03.12 at 23:03:06

Deposit end time

2023.03.19 at 23:03:06

Description

The purpose of this proposal is to incentivize a few teams to independently maintain a robust API for public use in the Secret Community. These teams have demonstrated their ability to deploy, respond to issues, and maintain APIs for the network. Compensation will be provided to each team at a rate of $150 per month for each Secret Node they offer in their cluster, with a cap on incentives at 16 nodes per team.

The teams participating in this proposal include Secret Saturn (16), Trivium (16), Secret LLC (16), Consensus One (16), and Quiet Monkey Mind (10). Payment to teams will be made only for the nodes they can provide on a monthly basis. If a node provider is unable to keep a node up and running, no payment will be made, and any unutilized funds will be rolled over to the following month.

The forum post for the API Proposal II with more details can be found here: https://forum.scrt.network/t/the-api-proposal-ii/6873

The total ask is 35249 SCRT, calculated from the ask of $20,829 at the current SCRT price of 0.65$ and including the 10% volatility buffer.

Places this has also been discussed:

Votes

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