Dora Factory is proposing a Public Goods Staking “PGS” Validator for BNB Chain.
Public Goods Staking, or PGS, is a Dora Factory innovation wherein validator rewards get funneled back into the ecosystem rather than extracted as a typical validator commission. A PGS validator uses 70% of the commission fees to sponsor grants, hackathon prizes, bounty rewards, and ecosystem funding opportunities specifically for BNB Chain developers and teams developing frontier technologies. 30% of the commission fee is used to cover operating expenses + overhead, but this validator is truly operated in a not-for-profit nature.
PGS validators provide an everlasting source of funding for ecosystem developers, regardless of external market conditions, which helps ensure the sustainability of chain activity and long-term growth. These developer incentives will be available to all BNB Chain community members on the DoraHacks platform.
Organization Name: Dora Factory
Organization Size: 30
Validator Moniker: Dora Factory
Location(s) of validator operations: Singapore, South Korea, Europe, APAC
To enhance transparency and accountability, our DevOps team is capable of deploying a BNB Chain “GrantDAO” on-chain. This establishes a continuous funding source for developers, who can receive grants from a quadratic matching pool. One recent GrantDAO success story includes the Aptos GrantDAO, where we have distributed 38,000 APT tokens to 40+ teams who are actively contributing to the Aptos ecosystem. It also includes Dora’s recent Injective hackathon, where 100% of the $75,000 USD prize pool was contributed with a Dora Factory PGS validator.
In our efforts to ensure optimal node performance on BSC, our team has been engaging with multiple existing validators to gain insights and understand the appropriate configuration required. To guarantee the high availability and capability of our node, we will assemble a team of five DevOps engineers, each situated in different time zones. This strategic distribution enables us to provide maximum coverage, ensuring prompt response and resolution of any network-related issues.
Dora Factory is ready to take our support of the BNB Chain ecosystem to the next level. We are very proud to have been working closely with BNB Chain and their community partners since 2018, establishing a robust track record of developer activations. A comprehensive list of these collaborations can be found here: Dora X BNB Chain Collaborations.
We are convinced that the addition of a Dora Factory PGS validator on the BNB Chain will allow Dora Factory to continue sponsoring successful developer incentives such as these long-term. With the addition of a public goods validator, Dora Factory will be better equipped to scale the frequency and size of programs such as grant initiatives, hackathon prizes, and ecosystem funding.
With this proposal and open letter, we seek delegation support from the community and existing validators as we believe it will help grow the BNB Chain ecosystem.
As the next step, we suggest:
- Expand the BNB Chain Candidate Validator set by a minimum of three slots.
- Motivation: Lowering the amount of delegation required to be a Candidate Validator
- Encourage the BNB chain community to delegate to our new Dora’s PGS validator.
- Motivation: Helping us to enhance the ranking of our validator
- Support the hacker movement by collaborating with Dora Factory.
- Motivation: Increasing the number of projects developing on the BNB Chain. Foster long-term adoption and use of the BNB Chain through this delegation.
Other mainnets that we validate:
Aptos, Agoric, Archway, Cardano, Klaytn, Cosmos Hub, Neutron, Evmos, Injective, Noble, AssetMantle, Cronos, Nolus, Stargaze
Other testnets that we validate:
SEI, Babylon chain, Zetachain, Althea Network, Nibiru, Dymension, Denom & Noria, Nolus, Composable Finance, etc.
· Twitter: @DoraFactory
· Discord: Brian | DORA#0629
· Telegram: @briandora, stevedora