Funding Request: Sepolia Faucet

moazzamgodil commented 2 months ago

Project Name

Payout Pursuit || DriftLabs || Token Bay

Whats the link to your project?

https://github.com/moazzamgodil

Is this a one-time request or do you need an ongoing funding?

One-Time Drop

What amount of funds do you need?

100k

What do you need these funds for?

I'm a blockchain full-stack developer and need faucets for testing multiple projects. Currently, I am working on several projects where I need to create liquidities against ETH and GameFi. For this, I need Sepolia ETH faucets to buy tickets. I will distribute these to my internal team and clients for testing the blockchain projects. I need a one-time supply of 100k, which I would greatly appreciate and find useful for my ongoing work. Thanking you

Which testnet do you need funds on?

Sepolia

Wallet Address

0x1B6715414a00aAa1198daE1303bB37669f5Ee092

Verification

https://driftlabs.io/ext/address.txt

Code of Conduct

[X] I agree that I will not sell testnet funds for money in any way.
[X] I agree that I will not hoard testnet funds with no actual need.

pk910 commented 2 months ago

Heya @moazzamgodil,

Can you explain why you need that much funds for development? The existing faucets should be enough to cover regular deployment and testing efforts.

For buying tickets or testing the application logic, it shouldn't really matter if a something costs 1 ETH or 0.01 ETH?

moazzamgodil commented 2 months ago

Hi @pk910, Thank you for your question. I understand your concern about the need for substantial funds for development, especially considering the existing faucets. However, there are several reasons why we require additional funds:

1. Scalability and Stress

Large-Scale Testing: For us to ensure the robustness and scalability of our application, we need to conduct large-scale testing that mimics real-world usage. This involves simulating many users and transactions, which can be expensive. The faucets provide limited amounts of ETH, insufficient for this level of testing.

2. Transaction Costs:

Gas Fees: Even small transactions incur gas fees, which can add up quickly when performing extensive testing. To thoroughly test all aspects of our application, including edge cases, we need to make numerous transactions.
Fluctuating Costs: The cost of gas can fluctuate significantly. What might cost 0.01 ETH now could cost much more later. Having additional funds ensures we can cover these costs without interruptions.

3. Development and Deployment:

Frequent Deployments: Each deployment to the test network consumes ETH. As we iterate on our development, frequent deployments are necessary to test new features and bug fixes.
Smart Contract Audits: Professional audits of our smart contracts are crucial for security. These services are costly but essential to ensure our application's reliability and trustworthiness.

4. User Incentives:

Beta Testing Incentives: To encourage real users to participate in beta testing, we might need to offer incentives. This requires additional funds to distribute as rewards for valuable feedback.

5. Realistic Testing Environments:

Mainnet Simulations: Testing in environments that closely resemble the mainnet, where transaction costs and other factors are more realistic, requires more ETH than what faucets provide.

In conclusion, while faucets are helpful for initial testing, they do not provide enough resources for the comprehensive and realistic testing required to ensure our application's success. Additional funds will enable us to conduct thorough testing, cover transaction fees, and provide our application is secure and reliable before launch. Thank you for understanding our funding needs.

pk910 commented 2 months ago

Heya @moazzamgodil,

The public testnets are not intended for large scale stress testing as that would degrade the availability of the network for other users. Please consider using local testing environments for unit/stress testing scenarios or large scale simulations (eg. hardhat).

The transaction costs on testnets are very low most of the time, so deploying and testing contracts does not require a large funding. A single ETH should be enough to deploy hundreds of contracts and can easily be obtained from the existing faucets.

Overall your answer looks clearly chatgpt generated (which https://www.zerogpt.com/ says too), so I'm gonna save my time not answering all the other nonsense points :)

No approval from my side.

moazzamgodil commented 1 month ago

Hi @pk910,

I hope you're doing well. I understand your concerns about the costs. You're right, my previous answer was somehow written by ChatGPT as it explained my use cases clearly. As you guys might know, the transaction costs have increased compared to past years. For example, deploying a single contract now costs me around 0.05 to 0.2 ETH. Here's a recent testnet contract I deployed: Sepolia Etherscan Link.

I know my request for funds might seem high, but I only need this amount once. I believe it will be enough for my entire blockchain team until the Sepolia testnet is deprecated. :) Right now, I don't have any testnet funds. I keep trying to get faucets from various sources, like this website: https://sepolia-faucet.pk910.de/, but I keep hitting limits.

Please provide the amount I need or whatever you think is sufficient. If I need more in the future, I'll contact you again. I appreciate your understanding and help. Thanks!

ethpandaops / fundingvault