Agenda (Oliver Zerhusen)
Community Updates
- Cryptocurrency US Regulations – Reflections
- Immunefi - $2.5M Bug Bounty Program
- Curator Bootstrapping Rewards
- Matchstick Launch – Unit Testing Framework
RabbitHole Campaign Review
Graph Academy Updates – Curation
Moonlet – Mobile Delegating
Stake Decentralization Community Discussions
U.S. Crypto Regulation (Jeremy)
Infrastructure legislation was recently introduced that contains language that specifically applies to crypto. Essentially, the language would designate many different types of network participants across the crypto industry as “brokers”. Brokers would be required to provide information about their counterparties to the IRS. The language is broad and includes network participants who may not have customers or have no way of validating who their customers are, potentially harming those participants and the crypto industry’s progress moving forward.
If you are a member of the crypto community who would like to advocate for crypto, look for guidance and a call to action in the coming weeks to voice your disapproval for this language. U.S. citizens are encouraged to call their policymakers, while those in the global crypto community can make their voice heard by raising visibility about the importance of practical crypto regulation in their social channels.
Immunefi 2.5M Bug Bounty Program (Pedro)
The Graph has partnered with Immunefi to offer the largest active bug bounty program in the world. A bug bounty program rewards white hat hackers and security analysts for detecting threats and vulnerabilities in the protocol. Audits are a great first step in protecting network participants, but this partnership is reflective of how serious The Graph takes security.
Bounty Scale
With a maximum reward of $2,500,00 to be paid in GRT, rewards for finding bugs are based on a 5-stage scale:
Critical
Freeze contract holdings or empty funds like flash loan attacks, reentrancy (up to $2,500,00)
High
Temporary suspension to transfer funds from token holders’ wallets ($200,00)
Medium
Huge gas consumption and denial of service ($20,000)
Low
Contract doesn’t return the promised returns ($5,000)
The rewards for critical security breaches are capped at 10% of the total economic damages that may result from coding vulnerabilities.
Participate!
Those looking to participate in the bug bounty program should complete The Graph’s KYC Process and visit The Graph’s bug bounty homepage on Immunefi.
Curator Bootstrapping Rewards (Oliver)
Those who participated in curation by signaling on a subgraph during the first week of curation live are entitled to 700 GRT! Complete The Graph’s verification process and provide your ETH address before September 15th 2021. Rewards will be distributed during the second half of September to all validated curators.
Community feedback regarding curation has been invaluable in the forums and is encouraged as curation continues to evolve.
Matchstick Launch – Unit Testing Framework (Petko)
Matchstick is a unit testing framework for The Graph protocol developed by LimeChain. Matchstick allows developers to test their subgraphs logic before deployment, allowing them to find errors preemptively and ensure deployed subgraphs are functioning correctly. Before Matchstick, subgraph developers were required to deploy their subgraph, wait for it to sync and send it test queries to test functionality. If errors were found in the code, the process would then need to be repeated. This led to some subgraphs being deployed that were not functioning the way the developer intended.
Subgraph developers should communicate feature requests in the #matchstick-early-testers channel on The Graph discord as they begin to utilize Matchstick to test their subgraphs!
RabbitHole (Ben Schecter)
RabbitHole is a platform where communities and networks can incentivize and reward users for contributing and participating in their network.
The Graph recently utilized RabbitHole to launch a successful campaign that rewarded GRT to curators tasked with signaling on subgraphs.
Results
- 4x increase in total curators
- 92% were new curators to The Graph
- 125% increase in new subgraph signaling
In the future, RabbitHole’s services could be used to reward curators on a performance basis, rewarding curators who signal on relevant subgraphs.
Curator Knowledge Hub (Stefan Mueller)
The curator knowledge hub is a resource hub for curators featuring informational content. Here you can learn the basics and risks of being a curator. Some of the topics include:
- Verifying Subgraphs
- Signaling Subgraphs
- Bonding Curves
- Curations Markets
- Curation Shares
- Cryptoeconomic Primitives
- Curation Risks
Please request content or information you would like to see featured on the Curator Knowledge Hub on the forums or The Graph discord. If you are interested in creating content, reach out to a member of The Graph team.
Moonlet – Mobile Delegation (George)
Moonlet is a noncustodial wallet with 40,000 active users and 20,000 delegations totaling over 30M USD to their nodes. They are a wave one grantee working on mobile delegation for The Graph.
Soon to launch their mobile delegation features for The Graph, Moonlet allows users to stake to indexers, view delegation and indexer stats and withdraw rewards.
Stake Decentralization (Oliver Zerhusen)
A unifying theme behind The Graph’s mission is to continue to contribute to the decentralization of Web3. The Graph wouldn’t have been able to – or continue to – make these contributions without being decentralized itself. Chris Remus, founder of Chainflow and an Indexer at The Graph, recently brought the topic of stake decentralization in The Graph network back to the forefront of discussion during an interview on the GRTiQ podcast. The Graph currently has five indexers that represent 52% of the total network stake and represent less than 5% of indexer accounts.
“What I learned once I started engaging more deeply with The Graph was that decentralization is not just exclusive to the technology, or infrastructure, but it’s rather an overarching theme. The philosophy that touches so many different aspects of everything that we do. It extends to voting, where every network participant should feel that their vote counts, protocol code that is available to everyone and open-source, to governance discussions where everyone’s voice should matter, and to the ecosystem and community to be open, accessible and inviting to all people regardless of their background. It extends to how our GRT stake in the network is distributed across our Indexer base.” – Oliver Zerhusen
Community Poll #1
What is your position regarding the goal to improve stake decentralization at The Graph?
| Response | Count |
|---|---|
| Somewhat Supportive | 11 |
| Highly Supportive | 10 |
| Unfamiliar with Stake Decentralization | 2 |
| Indifferent | 0 |
| Stake Should Be Centralized | 0 |
Community Poll #2
Select all criteria that play a role in your delegation decision making process!
| Response | Count |
|---|---|
| Indexer Reputation | 17 |
| Indexer Activity in The Graph Community | 12 |
| APY | 11 |
| Referral by Others | 6 |
| Engagement w/ Own Delegator Base | 5 |
| Know Your Indexer Series | 5 |
| High Indexer Stake | 0 |
Community Poll #3
After today’s discussions, how will stake decentralization influence your future delegation decisions?
| Response | Count |
|---|---|
| Positively - Stake decentralization improvement will become a more important criteria to me. | 13 |
| Unchanged - Unlikely that I will change my decision parameters. | 2 |
| Contrarian - I Feel stake centralization is more beneficial. | 0 |
Centralized stake is antithetical to The Graph’s mission of decentralization. The community is currently searching for ways to encourage stake decentralization moving forward. Be sure to contribute with any ideas you have for keeping stake decentralized!
Stay Tuned!
Join us next month for The Graph’s Community Call #3!
Keep up to date by joining discussions in the forum, following The Graph on Twitter or joining the Discord server.
Access a full transcript of The Graph’s Community Call #2 here, or watch it on YouTube!