OnFinality - High Performance Public Infrastructure (Q3 2022)
Treasury
1 Comments
Awarded

Proponent: 42PDjUSugisVhhNQg453fkDwLmg9QMzeWe9huR817xt7c3DW

Date: 1st October 2022

Requested: 94,691.0621 PHA

Short description: Ongoing costs for the running of high performance, scalable, and reliable public infrastructure for Phala.


Service Details and Enhancements

During the last quarter, we've focused on three key areas for the development of OnFinality - cost optimization, network expansion, and providing more value from our Ultimate API service.

The bear market has made many of our customers more price sensitive, and as such we've been working with them to optimise our services to provide more for less. We've reduced prices for our larger customers between 30 and 40%, and created products designed to target and onboard new chains with entry level pricing. We've also been working on new rate limiting capabilities to progressively restrict abusers of our public APIs to upgrade to paid API plans.

Finally, providing move value from our Ultimate API service has always been a priority, and in this space we've added new API specific paid plans at competitive prices to our competition. We have also delivered the ability for our customers to better understand and learn about their users, with API Insights that tell you where your users are, what they are requesting, what methods are failing (to find bugs in your dApp), and where optimisations can occur.

Enhancements

Additionally, we are proud to have delivered some key service enhancements that benefit the ecosystem in the last quarter. This includes:

You can always see live data on our API service on our public status page and analytics page.

Full treasury proposal here

Edited
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Metadata
TimelineLatest activity undefined
2022-10-19 01:24:06
Proposed
Index
#40
2022-10-25 13:22:30
approveProposal
5/5
Aye(5)
Nay(0)
2022-10-25 13:23:36
Vote
2022-10-25 18:52:36
Vote
2022-10-25 19:04:36
Vote
2022-10-25 22:21:25
Vote
2022-10-28 09:36:48
Vote
2022-10-28 09:43:30
Closed
2022-10-28 09:43:30
Approved
2022-10-28 09:43:30
Executed
Result
Succeed
2022-10-28 18:47:36
Awarded
Beneficiary
Award
94691.0621 PHA
Comments

Hi OnFinality team, thank you for the contribution! We are glad to accept your apply this time because we didn't set any certain rules.

After the discussion with our council, here're some suggestions for the next payroll apply to the treasury:

  • We are glad to see the bill sent within 2 weeks when the invoice generated
  • The $PHA should be calculated as 30 days average price before the time you update the proposal

These rules will fit any treasury proposal afterward, not just your team.

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