New dapp staking proposal: The Royal Raffle

4153 stakers on ArthSwap
2273 stakers on Starlay

The large amount those dapp teams earn is not up to them, its a direct result of the stakers that are staked on them. Wouldn’t your question be better posed to the stakers who are helping them earn those rewards :thinking:

Im saying this because there is a larger system in place that allow for these imbalances to happen. Expectations for teams to act a certain way if they earn 100 astr a month or 1m astr a month are not deliberately stated or structured in the dapp feature, listing process or proposal requirement. This is something we need to discuss further alongside the community.

These were also “incubated” teams from a year ago, a different time in the market, and their incubation label promoted certain views and actions. This is not the backdrop we should be evaluating and judging future teams on. We def learned, but we instead should place more focus on the process. The dapp listing process and structure is what needs to be scrutinized more, not the “what if’s”. A clear and robust process can answer all those concerns and questions, and determine the answer for us when issues arise - not too different than coding.

Theres currently no structure for how to consistently evaluate projects and hold them accountable. But we can propose solutions to help avoid these issues, and thats what Im trying to help do with this new way of listing and supporting projects. It can help us form a better process with better oversight and clear rules that make it easier to delist inactive teams and/or support and incentivize active ones . Its low risk, and in this case, its with a well established community and builders :smile:

I should mention for the readers the dapp staking v3 proposal and its importance. Currently being worked on. Please check it out here: Dapp Staking v3. Leave input if you can :slight_smile:

:star2: But to come back to the focus of this new dapp staking proposal - and the potential insight to solutions it can offer to the larger process and system:

This Royal Raffle proposal preemptively states a 3 month trial period with a 1.5m ASTR bootstrapping, with oversight and evaluation. This can be a monthly check-in with a clear report of how much was earned and what its used for. I will personally take lead on this and publish these reports here on the forum. We need data. This proposal and KBLs comments have already made it clear what rewards are going to be used for. Anything different would go against the proposal and we can remove bootstrap.

The proposal also is asking a minimal amount that generates a very small fraction of what the average dapp gets right now.

If the process isn’t experimented with, data collected and improvements suggested, than we should expect the imbalances to continue, and the low rate of dapps being built on Astar as well.

This bear is an ideal time to lay the foundation for a well oiled process with expectations and rules that are clear to the whole community and the builders both here and out there. Through this proposal, Kusama Kings and Astar are mutually helping each other.

:vulcan_salute:

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