The Graph is a blockchain indexing service that the PoolTogether flagship app depends heavily on. The Graph announced the launch of the decentralized network back in January.
PT Inc. worked with The Graph to ensure that PoolTogether was a launch partner. We had been using The Graph for a long time, and were well-positioned to use the network at launch time. The Graph launched with the PoolTogether v3_1_0 subgraph. We’ve just started transitioning the remaining subgraphs to the network.
We detail how the network will impact the protocol in our partnership announcement. Long story short: there will be query costs that the protocol needs to cover.
Fortunately, being a launch partner PoolTogether was given an allotment of GRT tokens. Over the next four years 120,000 GRT will be released to the PoolTogether protocol. 7500 GRT will be released per quarter.
The “vesting” contract can be found here: 0x20421d625889a31b781E6BE5304cf91CDb53Ed92. Tokens are released to the PT’s Timelock contract ( 0x42cd8312d2bce04277dd5161832460e95b24262e). Only the Timelock contract can call release. This means that governance will need to run a proposal periodically to release GRT tokens.
PT Inc. is going to work on adding the GRT contract to the treasury app. We want to make sure the amounts are visible (otherwise out of sight, out of mind!).
This GRT should be used to:
- Curate new PT subgraphs
- Pay for query fees (when fees are enabled).
If anyone has any questions, please leave a comment.