This proposal requests funding from the Treasury to initiate automated payouts for all validator rewards. Currently, there are 297 active validators on the network. We are seeking funds to cover the automated payout for these validators over a 30-day period.
Benefits to the Community:
Enhanced User Experience:
Users will no longer need to manually claim their rewards.
This automation will ensure that rewards are instantly visible in their accounts.
Instant Compounding:
Automatically paying out rewards allows users to compound their rewards immediately, maximizing their earnings without delays.
Efficiency and Transparency:
Streamlining the payout process reduces the administrative overhead and makes the system more transparent and user-friendly.
Funding Request:
Daily Requirement: 29.7 DOT (297 validators * 0.1 DOT per validator)
Monthly Requirement: 891 DOT (29.7 DOT per day * 30 days)
By implementing this initiative, we aim to improve the overall experience for all Polkadot network participants, ensuring that they can effortlessly benefit from their staking activities.
Requested Amount: 891 DOT
Thank you for considering this proposal. We believe it will significantly enhance the validator and user experience on the Polkadot network.
Threshold
The proposing account was only created to submit this proposal two days ago. I am worried that the funds requested would not actually be used for the purpose described.
regarding proposal content - we believe this service is already performed within the Polkadot eco.
Who this be? I ain't know nobody named reward_claimer.