Hopefully this will be the last update to this proposal. We’ve gotten some additional input from other users/validators who have global infrastructure and wanted to introduce V3 of this proposal (with some slight tweaks to the reward) .
This will apply to all existing and future Oracle partners that we onboard. We hope to bring this to a CGP in the next few weeks.
V3 Revised Reward Payment Framework for Operators
- Initial Startup Payment - $6,000
- Will cover initial startup costs
- Payed at time of activating oracle in CELO
- On-going Monthly Reward - Dependent on number of cStables on network
- Tier 1: Up to 5 cStables - $1500 / month
- Tier 2: Up to 10 cStables - $2000 / month
- Tier 3: 10+ cStables - $2500 / month
- Initial payment for new cStable launch - $300
- Each new stablecoin launch will have a one-time payment of $300
- This will cover costs to support a new cStable as we grow.
Other callouts
- Monthly rewards will cover monthly expenses of node, including support/servers
- Payable in CELO using ReleaseGold Contract
- To provide validity/security/realiblity of partners, payments will locked for initial 3 months. This allows time for partners to prove reliability of their infrastructure.
- Based on actual support time, we expect to revisit these numbers a year from now
Example:
With the existing cStables (cUSD, cEUR, cREAL), when a new partner is activated their rewards will be:
- $6,000 for initial startup setup costs
- $1,500 / month for continued support
- If we launch a new cStable (e.g. cCOP, cGBP, etc.) Oracle partners will receive $300 / one time payment per new coin launch.