Indexer Office Hours is the town square where The Graph ecosystem participants come together to discuss the most important topics relevant for indexers. Indexer-curious and the wider ecosystem are encouraged to join and participate!
Guest: Colson, Graph Advocate and member of Graph AdvocatesDAO
Topics
- Background and experiences in competitive gaming and teaching
- Contributions to The Graph ecosystem
Repo watch
- New releases of Aragon, Firehose, Nethermind, Avalanche, and Arbitrum
Protocol watch
- Adam Fuller from Edge & Node joins the Graph Council to replace Bradon
- JP 58 on replacing bonding curves with indexing fees
- Decimal smart chain integration
- Sepolia testnet deployment
- File data sources refactor unblocked
Announcements
- Vince Petoscia joins Pinax as a Site Reliability Engineer
- Tweet from GraphOps recapping the Indexer Office Hours
Development
- Autografting feature
- Tweak the reconciliation loop to improve efficiency
- Community survey to get feedback on future development priorities
Talk on Market Power by Justin Grana
Download the presentation slides
- Market power is usually bad for the economy but sometimes necessary for efficiency (natural monopolies)
- Sources of market power:
- Switching/Search Costs
- Network Effects
- Product Differentiation / Availability of Substitutes
- Economies of Scale and Reduction in Cost
- High-Level Aside
- Policies to limit market power in The Graph ecosystem:
- Exclusive Access (Be permissionless)
- Large Capital Expenditures
Challenges:
- Indexers are both competitors and stakeholders
- Graph customers only care that their queries are served well, not who provides the product
- Indexers have an incentive to work together to increase the value of the GRT token, not compete with each other
- We need to find ways to increase decentralization without hurting the token price
Discussion:
- Maintaining a balance between decentralization and competition
- The devil is in the details
- The Graph community needs to be attentive to implementing changes that could impact market power
Conclusion
The Graph ecosystem is still under development but is progressing on some important initiatives. The team is working to improve the efficiency and usability of the protocol, and the community is engaged in discussing how to limit market power and maintain a balance between decentralization and competition.
Join Indexer Office Hours on Tuesdays at 6pm UTC in The Graph Discord.
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