Networks like Terra are rapidly evolving, and it can be difficult to keep up. Figment is building email alerts for Terra governance activity and account balance changes into Terra Hubble.
Currently, validator operators rely upon our Terra Hubble monitoring and alerting system to ensure that their validators stay operational and to know about voting power changes. Now Figment is building an alerting system to keep you informed about new governance activity on Terra. Why is this important?
Governance work is challenging and difficult to scale--it can take a lot of attention to participate effectively. Attention to governance should increase with network adoption, and Terra has seen a steady increase in use. According to Clayton (Figment), Terra’s payment application CHAI reached over 1.4 million users within the first four months of launch. As the Terra network becomes more and more important, so will participation in Terra’s governance process.
Figment is helping to accelerate that process with support from Terraform Labs. We have Terra Hubble improvements in the pipeline: If you use Terra Hubble, you’ll be able to subscribe to Terra alerts for governance activity and account balance changes. Receive email notifications that you want to receive and when you want to receive them, and keep in touch about new and existing proposals automatically.
As a Terra validator, alerts enable you to better attend to representing your delegators’ interests, and as a LUNA delegator you can be more connected with the protocol that you’re invested in. Staying well-informed about how the network is fundamentally changing is important because these changes may affect you as a stakeholder.
Networks like Terra are rapidly evolving, and it can be difficult to keep up. Whether you’re an app developer watching for breaking changes, or a LUNA staker watching for changes to your risks/rewards, we think Terra Hubble governance alerting will be an important resource for all kinds of Terra stakeholders and for the health of the Terra network.
Figment strives to drive governance activities at all stakeholder levels in order to ensure that networks like Terra stay healthy, sustainable, and resilient. Stay tuned for more improvements coming for Terra Hubble!
Hubble is the platform validators and token holders use to explore and interact with Web 3 protocols. Hubble redefines what a block explorer should be by enhancing the protocol data available instead of simply presenting it. Validators use Hubble to monitor their performance, manage proposals, and obtain valuable insights into their delegator base. Users and token holders use Hubble to stake, vote, and track their rewards. It becomes the Hub that manages their whole Web 3 experience.
Terra is the world’s largest blockchain payment network, upgrading the traditional payments system with a single efficient blockchain layer. Terra’s payment network is supported by a family of stablecoins, which are price-stable digital currencies pegged to the world’s major currencies.