Hello dear Astar Network community, Astar Network ambassadors, and Astar Network core team;
I am writing this on behalf of the Astar Network community. As you know, one of Astar Network’s main goals and privileges is to bring developers and users together under the umbrella of the dApp staking model, supporting developers while fostering collaboration with users. With this model, developers earn rewards as they build, simultaneously getting closer to users, brainstorming ideas, and having the opportunity to enhance their thoughts and projects.
You all know that I am the founder of Neurolanche X Labs, a significant project benefiting from the dApp staking model. While developing our projects in the Astar Network ecosystem with this model, we tried to use our earnings in the most accurate way. We witnessed how the dApp staking mechanism works here and, accordingly, executed our marketing process, reaching a significant TVL figure.
However, despite quickly reaching high TVL amounts, seeing other projects struggle with this issue has begun to truly concern us. One major reason is the presence of a significant amount of ASTR in older dApps, and these older dApps have not managed their development processes transparently.
Remember, dApp staking is primarily designed to empower project developers to build a strong community and dApp in the Astar Network ecosystem. Therefore, I propose the following for a more transparent management approach, considering that the ASTR token belongs to the community and we need to be more cautious:
- Each project participating in a dApp staking program will publish their developments monthly on the forum, sharing all improvements individually.
- Each project participating in a dApp staking program will disclose where their expenses are going and transition to a transparent management approach.
- Each project participating in a dApp staking program will actively use social media tools, adding value not only by winning rewards but also by contributing to the ecosystem’s brand value.
- Projects that do not develop for a long time and do not submit reports for two consecutive months will be subject to review. After the review, a unanimous decision will be made on whether to cancel the dApp staking program for that project.
Transparency and a decentralized approach should take precedence. We must be careful for the future of Astar Network and collectively work to develop this ecosystem. Remember, this ecosystem belongs to us all! Most importantly, to the Astar community.