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1 year ago signmessage 8ZazLdqc7T5au7jgUDhj2YYP2BKzEzcWNL "CFP-2211-04-yes" ICK/aBQAExm1wtL8hB9eTg23yLbksEWWjMy0l5PDVlF8aE7RxpQI6B65gZkK10mfJDBRxiyT+m9bzznyDm5vrB4= signmessage 8Xtq834bvsDZk7kndibZYT1i57Q3qhazjX "CFP-2211-04-yes" IBCCxFyGUM0ZC1eXRsb2UU346Mp0TO4lYrry5Vzn3rxSRUoftcLXTTv2ZDrUAqynmk3kUE0ThoVIc+jMy39ic1g= signmessage 8XjB4DguVc7GLWM8JWaEf8uk7173rzDqna "CFP-2211-04-yes" Hy6RAyWBDXrhjNtDj3dpUT1h33JuRbR1EEHjuXmSmTD3Fjl7xv1PdhpDKW+XSMSRV9ElWX72KR8EZJkkq1GSlfk= signmessage 8T3cfjRzvEFX8Ydpmbtmaf2mqz5xkMSi3i "CFP-2211-04-yes" IGTvPfsZV/Gn94884+/V3wzkR58DJ8dwraWn1MxYxTvuXGlFxs/89uiu+C2pU43vEZUuFnOsqFChjX/ENGJPs4g=
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Overview
Requester(s): mydefichain Amount requested in DFI: 28,500 Receiving address: dFRtR9GJT9UF41UgjHNusxeZpKqy8nRun3 Reddit discussion thread: https://www.reddit.com/r/defiblockchain/comments/ydz2tp/cfp_support_for_mydefichain_masternode_service/ Proposal fee (285 DFI) txid: 8364a042cc0fffd8ae1cdd44f87a4dbbae6ee48afd8dc7991216efbbde8fc022
Describe the purpose
20 months ago, we started our masternode service with mydefichain and for the start of our project, to give all community members an easy way to run their own masternode without giving the funds out of their hands, we received the Go of the masternode owners to fund this from the Community Fund. Now we have reached a point where our calculation at that time is at a crossroads. The thought was to offer the service easily over the next 5 years as long as the DFI price was $1 or higher. This price has now been undercut for 3 months and brings us to a point where not all costs can be covered by the funding at that time. Add to that the announcements by almost all of our providers that they will be raising prices on November 1, 2022 due to the increasing cost of electricity.
For this reason, we are requesting interim funding for the 3rd and 4th quarter of 2022, as well as the 1st quarter of 2023, and hope that the price will rise again by then, so that all costs can be covered again and no further support from the Community Fund is needed.
How will the fund be spent?
We cover the current gap between the income generated by our master nodes and the monthly costs of the server infrastructure. Currently we run 362 operators (1084 Subnodes) in parallel operation (1 operator runs on at least 2 servers), worldwide distributed to different service providers and locations on currently 34 servers in total (https://api.mydefichain.com/v1/statistics/). In addition, there are further servers for tasks such as backup, monitoring, API, faucet, snapshot service and licensing costs for any software. A reduction of the servers is not possible in the short term without major effort due to annual contracts, so that no costs could be saved.
How does this CFP benefit the DeFiChain community?
We can continue to offer our services without any losses and do not have to restructure the infrastructure in the short term. Especially with regard to the DMC, we want to upgrade our servers even further and not make any savings that could lead to performance problems later on. Besides the masternodeservice mydefichain offers the following projects, which were also financed by the fund:
In the following analyses it can be seen that the effort we put in also results in a higher APR than the average. Thus, all masternodes hosted with us benefit.