Proponent: esnXpmeRBVMqbaFoY5bbFi9Lapuh85jnDkN8QQtoh3k4jBXxV

Date: 15th July 2024

Amount Requested: USD $3,162.00 (PDEX 17,469.613) 

Short description: Ongoing & advanced costs for the running of high performance, scalable, and reliable public infrastructure in Q3 and Q4 of 2024 for Polkadex Parachain.

Why are Public RPC Services Needed for Polkadex Parachain
=========================================================

Setting up blockchain infrastructure is difficult, time consuming, and expensive:

-   It requires a level of server development expertise that many do not have
-   It's costly to run a full node nearly continuously, especially when your dApp's traffic is low and inconsistent.
-   Running production level infrastructure is especially tricky. You need to autoscale quickly to handle bursty traffic, and you want to provide services in different regions around the world to provide low latency services - all of this is incredibly costly, but comes with significant economies of scale for a provider.
-   DevOps requires constant attention - time that would be better spent elsewhere building.

A shared node API service helps mitigate these barriers of entry to trying accessing a new protocol by reducing all these costs to near zero. We manage all the nodes for our users and distribute them across the world (with intelligent routing) to achieve global scalability from day 1, we monitor each node and ensure that they meet certain service levels, and we have the expertise and scale to handle production workloads and high peak traffic.

In summary, we try to reduce the pain of getting started on Polkadex and minimise the costs of accessing secure nodes while traffic from your dApp is low. When you grow, you can continue to use our shared API service, or we also provide access to one click deploy dedicated polkadex nodes to any cloud of your choosing.

OnFinality's RPC Service
========================

As Polkadot's largest and most cost efficient infrastructure provider, this proposal will support OnFinality's free public API services for the Polkadex community. Since our inception in November 2020 we have a long track record focussing on three key areas; performance/reliability, providing more value from our Ultimate API service, and cost optimisation.

Performance/Reliability
-----------------------

OnFinality is operationally striving for a minimum of 99.99% reliability, which means less than an hour of downtime each year. We are the only RPC provider to guarantee this with actual financial penalties. We proudly display and share our 90 day uptime statistics for each network publicly here.

We have invested hugely into a team dedicated to optimising our application gateway and caching layer to ensure that we provide the fastest possible service for our customers. We run clusters in 5 different regions (North Virginia, Frankfurt, Tokyo, Singapore, and Hong Kong) and across 4 different infrastructure providers (AWS, GCP, Alicloud, and our own dedicated hardware) to ensure that we are fault tolerant to any single region or cloud provider ceasing service.

Cost Optimisation & Decentralistion
-----------------------------------

OnFinality's Polkadex Parachain API is running entirely on OnFinality Cloud - North Virginia, our own private hardware and self service Cloud This allows us to support the decentralisation of the Polkadex Network while delivering exceptional performance at a competitive price.

Service Details
===============

Our Polkadex Parachain API service commenced on 16th August 2023. Over the past 6 months (From 2024-01-01 to 2024-06-30) it has

-   Served a total of 1.6 Billion (1,683,882,678) responses
-   The highest daily total was 54 Million responses (54,727,292) in a single 24 hour period
-   Our rolling 7 day average at the end of this period was over 31 Million (31,797,141) responses each day

At the end of June the uptime over the past 90 days was 99.65%. You can always see live data of our API service on our public status page.

Costings
========

We are using a fixed price to allow us to bill in advance and to simplify the administration of this proposal, as well as provide cost clarity to both parties. This proposal includes combined running costs for our infrastructure for Polkadex for Q3 and Q4 2024. A 15% discount has been applied for pre-paying 6 months of service in advance.

The total combined running cost is USD $3,162.00. This is all inclusive of capital and operating expenses, administration time from OnFinality DevOps, onboarding costs, backup costs, and all other monitoring and right-sizing by our team.

Read the full proposal here: <https://docs.google.com/document/d/1gQheEPRI8-_FExhVgpE1_fUtRw8rpsRF7OEKS2WdXto/edit?usp=sharing>

The proposal aims to create a yield farming dashboard for dotsama, facilitating easier participation and management of liquidity positions across various protocols. It builds upon existing infrastructure to streamline the user experience, with milestones including the development of monitoring tools and integration of on-chain transactions. The initiative addresses the fragmented nature of dotsama's ecosystem, providing a unified platform for users to track, manage, and engage with yield farms.

Produce 6 Full Educational Videos (polkadot + top parachains).

Create 12 Short Videos.

Post 6 Tweet Threads.

Post 12 tweets/retweets.

Telegram Outreach: 24 posts to educate and engage the broader community.

Host 6 spaces.

Monthly 'Powered by Polkadot' branded content.

- **Problem Statement:** Setting up and maintaining blockchain infrastructure for Polkadex Parachain is challenging, costly, and time-consuming, especially for those lacking server development expertise.
- **Significance:** Public RPC services are crucial to reduce barriers of entry, minimize costs, and provide global scalability for accessing secure nodes on Polkadex.
- **Proposed Solution:** OnFinality's RPC service offers high performance, reliable, and cost-efficient public API services for the Polkadex community, ensuring 99.99% reliability and decentralization.
- **Expected Outcomes:** Expected outcomes include improved performance, reduced costs, and enhanced decentralization for Polkadex Parachain users through OnFinality's infrastructure support.

#97 #2441 OnFinality | High Performance Public Infrastructure for Polkadex Parachain (Q3 & Q4 2024)

No Active Proposals