Abstract - Ongoing costs for the running of high performance, scalable, and reliable public infrastructure for the Moonbeam, Moonbase Alpha and Moonriver networks from 1st November 2022 until 31st December 2022 (2 months).
Motivation - Setting up blockchain infrastructure is difficult, time consuming, and expensive. 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. In summary, we try to reduce the pain of getting started on the Moonbeam Networks and minimise the costs of accessing secure nodes while traffic from your dApp is low.
Project Overview and Team Experience - OnFinality is a SaaS platform providing infrastructure services for the Polkadot/Substrate community. Our mission is to support all blockchain developers in the world by providing core infrastructure so they can focus on building the next dApp.
Overall Cost - We’ve created two proposals to cover the combined running costs for our infrastructure - one for Moonriver network and one for both Moonbeam and Moonbase Alpha Networks. The total outstanding costs for these networks are 1,638.3401 MOVR and 55,154.2135 GLMR respectively.
Note: there is a significant reduction in monthly costs as a result of our efforts to drive down costs while maintaining performance and reliability. We did this through advanced caching strategies, advanced request method routing and working with our ecosystem partners to implement advanced rate limiting (meaning we can continue to provide generous public API endpoints but restrict access to high volume users that abuse this free service).
Use of Treasury Funds - All funds will be used to pay for resources and infrastructure used to provide the service during November to December 2022
Specifications - We have a heavily modified multi-cloud and multi-region landscape that maximizes performance, reliability, scalability, and decentralisation. Additionally, we are proud to have delivered some key service enhancements that benefit the ecosystem in the last quarter. This includes:
- API Access Restrictions — a new security feature to help you securely manage access to your OnFinality API endpoints
- Detailed Error type breakdowns on your API Insights dashboard
- A new Integration tab to help you get connected quickly
- New enhanced deployment automation processes to allow our network partners to automate deployment of their networks with OnFinality
- Cost optimisations to reduce pricing for our customers by up to 40%
- A variety of improvements to our health metric collection tools and automated recovery scripts to ensure our 99.9% SLA is exceeded.
Steps to Implement - This service has already been provided and we are proud to have achieved 99.99% uptime for Moonbeam and Moonriver https://status.onfinality.io/.
Full Proposals can be found here:
Once the community has reviewed and is happy to proceed we will lodge the proposal on chain.