Token Incentivize Keepers
The past few weeks of Solana network degradation has been a tough time for everybody, especially latency sensitive infrastructure like an exchange.
Entropy is currently using 2 RPC nodes, but the flaws are apparent. There are occasional outages that affect reliability of the exchange.
Incentivize a decentralized network of Keepers with token.
Keepers form the backbone of a decentralized orderbook based exchange.
- Processing orders from the backend serum market
- Updating oracle prices.
- Updating Account States
We need more people to be keepers!
Since the future of the exchange relies on robust decentralized community, it makes sense to incentivize it as such.
I propose that at least 2% of the token be reserved for keepers over a period.
More token unlocks at the beginning than towards the end.
We will incentivize people by measuring the amount of confirmed keeper transactions by wallet address.
Each keeper will receive a share of the >2% pool corresponding to their share of total confirmed keeper transactions.
There is a default RPC url provided for people to keep.
This RPC cannot handle much load, so keepers that use a different RPC provider will have a higher transaction throughput, and thus capture more of the rewards.
We want the network to be more decentralized, so everyone using one RPC provider causes a point of failure that defeats the purpose.
Check out the following links on how to become a keeper:
Forum Post: More Keepers for Entropy - #7 by Galileo
How to get started: Deploying Entropy on Google Cloud Platform · GitHub (credit xcmg.finance)