Graph Governance Proposal - 0006

GGP: 0006 Scope: Economic Parameters Created: 2021-10-08 GIPs-Repo-Latest-Commit: 352037dda593c20f91c241a7ed266ebcec33ffd3

GIPs

GIP: 0013 Title: Reduce Curation Tax. Authors: Brandon Ramirez brandon@edgeandnode.com, Dave Kajpust dave@edgeandnode.com Created: 2021-07-13 Stage: Candidate Discussions-To: https://forum.thegraph.com/t/proposal-to-reduce-curation-tax/2212

Motivation

As production subgraphs migrate to The Graph's decentralized network, we have collected more data and feedback on the total costs of using the network as a subgraph developer. As many subgraph developers initially signaled ~100K GRT when using the network, the cost of upgrading a subgraph currently sits around 2.5K GRT. This cost is in addition to the opportunity cost of locking up the signal as well as the cost of actually paying for query fees.

References

Economic Attack Evaluation: The major constraint of lowering the curation tax was evaluated in Appendix A of GIP-0013, which is referred to as Subgraph Withholding Attack

Community Polls: https://snapshot.org/#/graphprotocol.eth/proposal/QmRz29aE4TXpi9HrNbn6ZA1sRF1xEBeGbw8HxRpHZRZ4rD

Audit: The code that implements the curation tax has already been audited as a part of previous audits. GIP-0013 implements a parameter change in the existing code in the form of a reduction of the curation tax from 2.5% to 1%

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Graph Governance Proposal-0006

Reduce Curation Tax

This proposal is to update The Graph's curation tax parameters from 2.5% to 1% as described in Graph Improvement Proposal (GIP) 0013.

The code deployed that implements GIP-0013 must correspond to the commit hash included in the front matter of this governance proposal.

Following a successful "yes" vote, the protocol update should be carried out at the earliest convenience using The Graph Council's Gnosis Multisig.