In response to the feedback we’ve received about SNO payments (particularly in light of recent ETH volatility):
- We would like to thank you for always voicing your thoughts and feedback. We are fortunate to have a community of clearheaded, solutions-oriented folks who help us work through these issues.
- You help us make the system better when you point out flaws, and you frequently help us come up with novel solutions that are better because of your participation. We appreciate you greatly.
We understand that payments are to be taken seriously. We’re always trying to make the next choices to honor the value you bring to the network, and we never treat your payments casually.
Were looking into a new tech called zkSync. [design draft HERE] zkSync is a scaling and privacy engine for Ethereum.
zkSync’s current functionality scope includes low gas transfers of ETH and ERC20 tokens in the Ethereum network. It’s a technology that has been brought to our attention by community members in the past. We have been in conversation with the folks in MatterLabs for awhile now, and are excited by their offering.
The benefits? It is slated to be radically cheaper and will potentially offer the possibility of allowing payouts with a higher frequency in the future (more than once per month)
We expect to have zkSync in place by the next payout cycle. During initial rollout, zkSync will be opt-in. With upcoming changes to the SNO dashboard, you will be able to opt-in. To participate, there will be a little bit of setup with zkSync, but it isn’t major.
Our cross-team consensus is that this dashboard change is a top priority. We expect to have it ready by the next payout cycle.
To enable this prioritization, engineering resources for multinode dashboard will be redirected to this project. We’re planning an MVP that will take bout 2 sprints. Our expectation is that by the March 2021 cycle (which when payouts earned during February will be sent), we can send payouts to anyone who chooses to opt in with a zkSync address.
We heard you that its important to have advance notice about upcoming changes. We’re accepting upvotes and feedback on this post, to include community input for this approach. We are working to get ahead of the next cycle so that ample time can be allowed to notify everyone of their options.