Author: @b3n @Dermot @JackALaing on behalf of PNF
Recipient: Poktscan.com
TL;DR:
This proposal requests funding of $20k / month until the launch of the Shannon upgrade for POKTscan to continue their work supporting the Morse protocol.
Background / Motivation:
In the past, PNF made a decision to fund Poktscan.com, specifically the indexer and dashboards, to ensure continued data access for various stakeholders during a challenging phase in the project’s development. While this decision was ultimately necessary, it could have benefited from improved community communication, a lesson we have taken to heart. We now seek funding approval from the DAO to continue supporting Poktscan.com.
Furthermore, the Foundation’s direct funding should be restricted to keystone projects and the PNF team’s operational expenses, as outlined in the recent PNF budget post, excluding ERA funding and any other DAO funding mechanisms. Core infrastructure funding falls outside the Foundation’s purview. PNF’s prompt decision to fund Poktscan.com was warranted given its significance to the ecosystem’s data access. Now, the DAO should assume responsibility for its continued support.
The continued support requested herein is intended to cover the period until the Shannon launch and the conclusion of the current Era. This ensures that the data requirements of a diverse range of stakeholders (outlined below) will be met as we approach our most significant milestone. It also provides the DAO with ample time to discuss and coordinate on strategies to meet the expanding data demands of our growing stakeholder base.
Poktscan was funded, developed, and supported for over two years by Poktscan Technologies as a contribution to the Pocket Network community. Subsequently, given Poktscan Technologies’ financial limitations, PNF allocated up to $20,000 in funding to ensure the project’s continuation.
Rationale:
Poktscan stands as the official blockchain explorer for the Pocket Network, serving as a comprehensive tool for exploring and analyzing Pocket Network data. It empowers developers and users to gain valuable insights into the network’s performance, node activity, and overall health.
Functioning as a critical infrastructure component within the Pocket Network ecosystem, akin to block explorers in other blockchain networks, Poktscan.com transforms raw blockchain data into a structured and searchable format.
This enables various stakeholders to access the information they need to effectively interact with the POKT Network blockchain. Poktscan provides valuable insights into the network’s performance, node analytics, transactional activity, and the overall health of the ecosystem. Additionally, Poktscan offers unique insights specific to POKT, including relays/rewards, per chain, per node/operator, and, most recently, per gateway.
Poktscan.com: A Vital Tool for the Pocket Network Ecosystem
Poktscan.com is an essential tool for a wide range of stakeholders within the Pocket Network ecosystem. It provides comprehensive data and insights that are crucial for various activities, including:
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Developer Operations: Developers, including the Pocket Network protocol development team, rely on Poktscan.com to access and analyze data about the blockchain. Without Poktscan, these teams would face longer runway and lead times due to the increased time required to manually gather and analyze data.
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Financial Market Insights: Financial institutions, such as investors, aggregators, and exchanges, utilize Poktscan.com to gain valuable insights into the Pocket Network ecosystem. This data is essential for making informed investment decisions and evaluating the overall health of the network. Poktscan’s data has been instrumental in securing listings on centralized exchanges, Coinmarketcap, Messari, and Token Terminal.
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Node Runner Monitoring: Noderunners, researchers, and individuals use Poktscan.com to access blockchain data for various purposes, such as monitoring network performance and conducting research. PNF, for instance, relies on Poktscan.com data to perform various analyses and monitoring tasks related to ecosystem performance and governance.
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Individual Stakeholder Tracking: Individuals can track their POKT holdings, confirm the status of transfers, and understand their staking performance using Poktscan.com. This data is crucial for making informed decisions about their participation in the Pocket Network ecosystem.
Funding for Continued Operations
The requested funding is intended to support the continued operations of Poktscan.com in the ways directly related to the above-mentioned stakeholders. Specific areas of focus include:
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Poktscan.com Maintenance: This includes managing servers, storage, networking, monitoring, alerts, and ongoing bug fixing and improvements to ensure data accuracy, performance, and scalability.
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Development of New Core Features: Poktscan.com is committed to developing new core features that benefit the entire ecosystem. Recent examples include governance data visualization, Gateway fee representation and tracking updates, and support for the growing Gateway-verse ecosystem.
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Ad Hoc Data Requests: Poktscan.com provides ad hoc data support for various entities, such as Messari, the Governance upgrade project, TogetherCrew’s new community metrics dashboard, and others.
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UI Improvements: Poktscan.com is continuously enhancing its user interface (UI) and user experience (UX) to make it more accessible and user-friendly for a wider range of users.
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Shannon Migration: Poktscan.com is preparing for the launch of Shannon, ensuring that it has feature parity for Shannon at the time of the upgrade.
Funding
This proposal seeks funding for:
- $20k/month (in POKT or wPOKT)
This funding will continue to the launch of the Shannon upgrade, currently slated for late Q2 in 2024. Payment is to be made on a monthly basis in POKT based on the 30-day average price as specified in the DAO payment principles.
FAQs
- Does this relate just to the POKTscan.com costs, excluding the POKTscan noderunning business and the new pnyx entity? Yes, the operational and labour costs relate directly to POKTscan.com. While some resources support both projects, only their time committed to POKTscan.com is included. The monthly costs for POKTscan.com only are said by the POKTscan team to be over $26k/month.
- Why did PNF not remove this single point of failure? It was clear to all from the previous transparency notice around support for POKTscan.com that PNF was open to supporting community alternatives that came up. PNF itself was and still is focused on executing against our keystone ambitions and does not have the direct means or the capacity to lead on this. Given the community did not take up this activity or exploit this clear opportunity we hope that perhaps this DAO proposal will reinforce the opportunity that exists for alternatives to be supported or retroactively rewarded for removing this dependency. However, to be clear, that is something for the DAO to coordinate on and decide AFTER providing certainty to our ecosystem and stakeholders that our data needs will be met up to and including the launch of Shannon.
- Will you continue to support current alternative options? Yes, we will continue to support the socket for @iannn and will add our voice and neutrality to the exploration of other alternatives the DAO decides on.
- Why is POKTscan.com not required to open source? Poktscan is a public good that has never charged ecosystem participants for its service. It will take months to work through open-sourcing the portal and it will have less value by then as it will require major changes given we will almost be at Shannon. We care most about providing security and certainty in the short term for Morse and Shannon Day 1 which is what this proposal aims to do. We will work with the community to explore options that remove closed source dependencies for after the Shannon launch.
Copyright
Copyright and related rights waived via CC0.