The Graph MIPs Incentivized Program - DropsEarn
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The Graph MIPs Incentivized Program

The Graph MIPs Incentivized Program

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Reward pool

~$5,250,000

75,000,000 GRT

Expected profit

Unknown

GRT

Max participants

No limit

DropsEarn score

Neutral

Normal, Low Risks

Details

  1. Network testing: Help test the gateway, new chains and Graph Node updates
  2. Expand multi-chain: Support indexing of new chains as they roll out on the network
  3. Migrate all subgraphs: Provide high-quality service to subgraphs migrating to the network

Who is eligible

To participate in the MIPs program, Indexers must:

  • Run an Indexer – check out this guide
  • Run nodes to support at least one other chain on the network
  • Not use the same IP, database or machine for multiple Indexers
  • Ability to dedicate up to ~5 hours per week to program activities and testing
  • KYC via Tokensoft
  • Sign an Indexer Agreement

Additionally, Indexers get bonus points if they:

  • Have an ENS name attached to the Indexer
  • Use alternative cloud and database providers

Requirements

Indexers are expected to dedicate time and resources to bootstrapping the network as chains roll out, and will earn rewards for their contributions. The MIPs program will include:

  • TESTNET MISSIONS: Stress test new network components with missions (challenges) on the new Graph Testnet on Goerli that will help prepare Indexers to support multi-chain subgraphs
  • MAINNET SYNCING: Set up nodes for new chains while meeting high quality of performance for syncing subgraphs as they migrate to the network
  • MIPS WORKSHOPS: Attend curated workshops and office hours to learn about the infrastructure, share feedback, ask questions and troubleshoot with core devs

While the new Graph Testnet on Goerli is important to test features for the MIPs program, it will operate in parallel and remain as an ongoing testnet for Indexers to be able to test multi-chain components and new features in perpetuity. Indexers participating in MIPs will be scored based on their contributions to derive their rewards per chain.

New chains will be added to the testnet and subsequently a GIP will be approved to support the chain on mainnet. Network readiness to support a new chain will be identified by The Graph Foundation based on Indexers quality of service and confidence in seamless migration for dapps. Indexers will be given weeks of notice to begin syncing new chains.

Rules

  • REPORT BUGS: Do not exploit bugs in the code to gain advantage, report them through the separate Bug Bounty.
  • DON’T HACK: No malicious hacking or social engineering of other node operators.
  • SHARE MODIFICATIONS: Ensure modifications to default agents are shared with core developers of The Graph or The Graph Foundation.
  • DOCUMENT: Log testnet data and share with The Graph Foundation to improve network learnings.
  • FOLLOW THE RULES: Node operators must participate in the testnet and meet mission requirements to earn rewards. Late participants will earn fewer rewards.

Scoring

Indexers will compete for rewards based on scoring throughout the program on the leaderboard. Program scoring will be based on:

  1. SUBGRAPH COVERAGE

    • Are you providing maximal support for subgraphs per chain?
    • During MIPs, large Indexers are expected to stake 50%+ of subgraphs per chain they support.
  2. QUALITY OF SERVICE

    • Is the Indexer serving the chain with good Quality of Service (latency, fresh data, uptime, etc.)?
    • Is the Indexer supporting dapp developers being reactive to their needs?
    • Is Indexer allocating efficiently, contributing to the overall health of the network?
  3. COMMUNITY SUPPORT

    • Is Indexer collaborating with fellow Indexers to help them get set up for multi-chain?
    • Is Indexer providing feedback to core devs throughout the program or sharing information with Indexers in the Forum?

Rewards

  • 50M GRT awarded to the MIPs program for Indexers
  • 25M GRT allocated to migration grants for subgraph developers

0.5% of GRT supply (50M GRT) has been awarded to the MIPs program to empower Indexers to bootstrap the network as new chains are supported. An additional 0.25% of GRT supply (25M GRT) has been allocated to migration grants to subgraph developers and dapps to help bootstrap their migration journey. As chains vary in requirements and adoption, rewards per chain supported will differ. 30% of rewards per chain will be distributed to Indexers at the time of roll-over to the new chain, once the previous chain has met sufficient performance standards and stability on the network. The remaining 70% of rewards will be distributed at the end of the program.

Links

 

About

The Graph is ready to go multi-chain and needs your help. Join the Migration Infrastructure Providers (MIPs) program and earn rewards for supporting new chains on the network.

Activity Type

Testing

Testnet

Bugs

Date

20 Sep 2022 03:09(UTC+3) - 15 Apr 2023 03:09(UTC+3)

Registration

Closed

When Reward:

None

Event Status

You can't participate(Event ended)