Prop 862: Cosmos Hub IBC relayer gas cost restitution using FeeGrants

This governance proposal addresses the urgent need for supporting IBC relayers on the Cosmos Hub following the recent gas fee increase.

It proposes the establishment of a fee-grant support system, funded by the community, to cover gas fees for IBC relaying activities. The proposal outlines the critical role of relayers in maintaining the network's interoperability and the negative impact of increased operational costs on their sustainability. The proposing team consisting of respected Cosmos Hub relayers suggests forming a multisig group to manage the distribution of fee-grants to vetted relayers, offering a temporary solution to prevent service degradation and ensure the continuity of efficient IBC operations on the Cosmos Hub.

This proposal, which has been created in collaboration by various relayer teams, including Lavender Five, CryptoCrew, Crosnest, Cosmos Spaces, Architect Nodes and IcyCRO, is seeking 8,000 ATOM (3x 2000 + Safety margin) to be send to a ⅗ multisig (cosmos14r8ff03jkyac2fukjtfrfgaj8ehjlhds5ec2zp) to cover ATOM gas fees for IBC relaying to and from the Cosmos Hub for a period of 3 months.

The signers of the multisig are:

• Clemens (CryptoCrew): cosmos1705swa2kgn9pvancafzl254f63a3jda9ngdnc7
• Ghazni (StakeCito): cosmos1qm5agp78atuf9pyalsq4w30mzc3lxtj0vgq2qe
• luisqa (Interbloc): cosmos1ze09kc5ackut7wc4pf38lysu45kfz3ms86w3em
• tricky (CosmosSpaces): cosmos1a8x3fn37gjnglcr25fsfyr6c5m4ed5euwvae2n
• Ertemann (Lavender.Five Nodes): cosmos1xfl6qve3plepgk7wlgxypem5ngntavrnkng3vz

One can read about the chosen onboarding requirements on the respective forum post: https://forum.cosmos.network/t/last-call-cosmos-hub-ibc-relayer-gas-cost-restitution-plan-feegrants/12225.

The post also contains further information about the problem at hand and an FAQ.