Introducing the Pilot Gas Fee Delegation Program
1. Background
Gas fee has often hindered the seamless progress of users for Klaytn Dapps and stifled the creative energies of our vibrant Klaytn community. In response to our partners’ challenges posed by transaction gas fees, we’re excited to introduce the Gas Fee Delegation Program. This program has several key objectives:
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Efficient Support for Partners: We intend to pave the way for Klaytn’s top-tier partners to traverse the blockchain landscape more effectively.
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Promotion of Klaytn Network’s Features: Delegation beyond mere fee reduction, this program seeks to promote Klaytn Network’s signature gas fee delegation features, championing their integration into the heart of our ecosystem.
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Identifying Key Contributors: Amidst our spirited community, this initiative seeks to recognize and acknowledge those who significantly contribute to the Klaytn Network, guiding Klaytn’s narrative through their exceptional contributions.
Another thing to emphasize is that this kind of program allows project teams to leverage the fee delegation feature and connect directly to the Foundation’s wallet to automatically pay for their users’ transactions, leading to removing the selling pressure of KLAY on the market which can occur with typical ecosystem grants. Klaytn Foundation thinks these approaches can be more healthy incentives for the whole ecosystem.
2. Application
For a span of two weeks, we shall accept applications from project teams through this post. Applicants are entreated to reply a comment with their company name, service name, email address, transaction contract address and service logo image file. If you want to provide more information and materials, please also send an email to partnership@klaytn.foundation. These information will be used to provide more precise data on Square page.
3. Budget & Delegation Amount
Klaytn Foundation allocated 1 million KLAY for the Gas Fee Delegation Program in 3Q23 treasury plan, with the expectation that this budget will be used until the first half of the following year. After monitoring December pilot program’s gas fee delegation volumes, Klaytn Foundation will operate quarterly programs with newly chosen partners in 2024.
Among the applicants, the five leading producers of gas fees during the months of October and November shall be chosen as ‘December delegation program partners’. Additionally, five teams that were picked up by Klaytn Foundation in contemplation of recent transaction volume growth and contributions to the ecosystem shall also partake in this program. Delegation program partners’ efforts shall be rewarded as follows:
1st Place: 50,000 KLAY
2nd Place: 30,000 KLAY
3rd Place: 20,000 KLAY
4th Place: 10,000 KLAY
5th Place: 5,000 KLAY
Separate five teams selected by Klaytn Foundation shall each receive 5,000 KLAY to their gas fee delegation wallets.
The entire budget of 1 million KLAY will be transferred to Klaytn Foundation’s operating wallet for the delegation program. Each partner will utilize a dedicated wallet, and the allocated sum shall be conveyed for the program’s duration. Starting in 1Q24, as the program assumes full operational status, data shall be diligently collected andevaluated quarterly, with a three-month budget disbursed and returned back to the operational wallet at the close of each quarter.
4. Expected Timeline
- 10/30 - 11/15: Application Period
- 11/16 - 11/17: Project Screening & Announcement
- 11/20 - 11/30: Support for the Dev issues & Wallet Setting
- 12/1 - 12/31: Pilot Program Operation
