SubQuery Launches Kepler Network
SubQuery Launches Kepler Network, an incentivized testnet on Karura Network, with details of Kepler Network and kSQT.
Kepler represents the next stage of development for SubQuery and is the last one before we launch our decentralised SubQuery Network. The Kepler network is the “canary network” of SubQuery that will be deploying on Karura, the sister network to Acala. SubQuery Launches Kepler Network that will enable thousands of users to progressively adopt the decentralised features of the network and earn real rewards for their efforts.
When they survey the web3 ecosystem today, they see that many other projects that provide decentralised services have made poor progress migrating customers from their centralised services to their decentralised alternatives. Kepler to migrate real projects from managed service to the decentralised SubQuery Kepler Network. While providing incentives to all. It has the following three outcomes:
1. Provide an environment for real indexers and delegators to earn real rewards. kSQT is tradable and will be burnt in exchange for SQT in the future. Indexers in Kepler will be earning SQT that will provide real reward for their indexing efforts and Delegators will be able to participate and be rewarded with a cut of query fees.
2. Seamlessly and progressively migrate real SubQuery project traffic from Managed Service to the decentralised Kepler Network.
3. Allow to continue to fine-tune parameters of the network (including reward rates). Kepler will be a network of change, with the aim that by the time we finish this, the SubQuery Network will be as stable as possible.
How will it Work
Kepler will be largely identical to the SubQuery Network in operation, with the main differences being the use of the kSQT token. There are no consumers in Kepler. Instead, SubQuery’s Managed Service will act as the sole consumer in the network. It’s proxying real requests from real users to projects in the Kepler Network. From the perspective of Indexers or Delegators. They will observe requests coming through to the Kepler network from various SubQuery Gateways. It will be rewarding in kSQT in alignment with our SubQuery Network Whitepaper.
SubQuery is introducing an Indexer Excellency Programme designed to encourage Indexers to provide a better service to the network, including metrics around uptime and responsiveness to updates. Indexers with higher scores will in turn receive a larger proportion of requests from SubQuery’s Gateways, meaning more work and theoretically more rewards for their efforts.
Indexers and Delegators will be able to access the network’s utility using kSQT, a tradeable asset designed just for Kepler. They will be able to acquire and sell limited amounts of kSQT via a swap contract that SubQuery provides.
SubQuery is a blockchain developer toolkit facilitating the construction of Web3 applications of the future. A SubQuery project is a complete API to organise and query data from Layer-1 chains. In the future, the SubQuery Network intends to replicate this scalable and reliable solution in a completely decentralised manner.
Karura is the all-in-one DeFi hub of Kusama.
Founded by the Acala Foundation, Karura is a scalable, EVM-compatible network optimized for DeFi. The platform offers a suite of financial applications. It’s including: a trustless staking derivative, a multi-collateralized stablecoin, and an AMM DEX – all with micro gas fees.