Abstract
This proposal seeks to appoint Douro Labs as a relayer for the Pyth Express Relay (PER) ecosystem replacing the previous appointment of Asymmetric Research in OP-PIP-16.
Description
Douro Labs is Web3 development company and a contributor to the Pyth oracle and Pyth Express Relay.
Proposal Details
Role and Responsibilities: As the relayer for PER, Douro Labs will:
- Provide and maintain endpoints for PER users to connect to off-chain systems.
- Manage the runtime of the auction system for liquidations.
- Ensure seamless connectivity to various blockchains for transaction submissions.
- Develop and maintain data infrastructure for continuous performance and reliability analysis.
- Implement best sec ops practices including continuous monitoring, access control, authentication, and incident response with reporting on uptime and performance.
Relayer fee: In exchange for the work as a relayer, Douro Labs will receive a relayer fee equal to 6% of the Express Relay platform fees. The other 94% of the platform fees is assigned to the DAO. This fee split is configurable and can be updated by the Pythian Council.
Implementation plan
This proposal doesn’t have any on-chain actions and is represented on-chain by the empty proposal at 3kKSFkHg8TuorXkXDGvvUYBcUbLoVVT4GJyHq3whFbmW.