Threshold
Hi All,
Just giving an endorsement to this proposal, it seeks to open up permissionless slots for Polkadot People with similar parameters as the other system chains. We've also arranged with Donal (Parity) to have the parameters set by default with Polkadot CoreTime and hopefully going forward with other SystemChains.
As it relates to payment, the details are in the proposal but we're awarding $300/mth for each collator (say-for Parity Operated Collators) on the basis of block production. That is, if you don't produce any blocks you don't receive any reward.
Further to this there is a technical update to the way permissionless slots are secured. Previously a candidate need only secure their bond (50KSM/1000DOT) and declare their intent to secure an available slot. If slots were all occupied there was no room for entry. With the new system, all works as previous except now you can increase your bond beyond the minimum (50KSM/1000DOT), declare your intent and oust one of those with a lower bond than yourself.
Kind Regards,
Will
Can we get an idea of the future payments of the people chain collators and the parties who agreed on "This change was collectively discussed and agreed by many of the ecosystem collators". A link to the public
discussion or anything that can help us understand better the parties involved in this proposal.
The reference for future payments for the collators is necessary as the document competes only to Kusama's system chains and it has all payments requested in KSM.
We will vote NAY until these important pieces of information have been published.