Gas has been too damn high a lot of the time lately. I believe there are some projects out there that could surely use a hand with gas for testing or diving in and going live with their project. I don’t remember who they are at the moment but I encourage them to post here if they like, I’ve also put a message in the Rocketchat asking for help gathering info.
Councilmembers, please consider all parts of this proposal adjustable. I want to give you an idea to run with, feel free to make it your own, or make it work however is necessary. I think this adjustability should be assumed for all proposals.
I propose that at least 2 ETH be earmarked for the purpose of encouraging on-chain numerai-related projects to go live. You might implement this by earmarking funds, setting up a screening process, and offering to reimburse the first 1 ETH of gas expenses for an approved applicant.
I’m not leading any of these development projects, so timeline should be determined by the relevant parties. I think you should set this up as soon as possible (1-2 weeks) given Richard’s stated wants for the Council to act quickly (and get much more funding). The faster the better!
Best case outcome :
2 or more projects get off the ground, gain more traction, and go live, expanding the network of Numerai-related stuffs.
Worst case outcome :
Incentives are misaligned and delivered prematurely in combination with stalling, lack of start, or similar project failure.
Success criteria :
(amount of grants spent on intended purpose) divided by (amount of grants total)
Funding required :
I welcome community and council feedback and commentary and have included a poll below.