KYVE Network Public Good Funding

Description

Project Description:

The KYVE Foundation has covered the costs of integrating Axelar into the KYVE protocol to provide historical data validation and archiving and access to its suite of data tooling.

To maintain a healthy live-height sync, the KYVE Foundation requests to receive a delegation to run a Public Good validator in the Axelar Network and use the generated returns to keep the integration (data pool) running and consistently caught up to live-height. KYVE Public Good validator will participate to the quadratic consensus for EVM bridges.

Impact:

This project would prove to be a mutually beneficial opportunity for both Axelar and KYVE. It would allow Axelar to leverage a delegation to fund the off-boarding of their historical data for optimal scalability and avoid costly archival nodes, while also expanding KYVE’s trustless data sets and capabilities.

In doing so, this historical data is made a trustless public good for the Axelar ecosystem to leverage for free along with KYVE tooling, such as:

• KSYNC: Nodes are at the heart of blockchains. To enhance the node experience and overall scalability, KSYNC enables rapid node syncing to any historic block state, or height of a chain made trustless by KYVE.
• Trustless API: Via KYVE’s trustless API, developers can connect their applications to KYVE trustless data within seconds. The Trustless API serves validated data for free, thereby making it accessible to everyone.
• Data Pipeline: For analytics purposes like explorers, marketing tools, or accounting solutions, developers need to be able to analyze big data sets quickly. KYVE’s Data Pipeline enables just that, providing a customizable no-code solution for importing trustless data into BigQuery, Snowflake, MongoDB, and others.

Additionally, the KYVE foundation will delegate 40.000 $KYVE to each Axelar protocol validators joining the Axelar data pool on the KYVE protocol layer for them to safeguard Axelar historical data. With the data pool being funded by commission rewards from the public good validator delegation, the validators and delegators participating in this data pool will be rewarded in $AXL tokens.

For more detailed information, please check the forum post: KYVE Network Public Good Funding