Operating as a Node Operator on the SubQuery Network can be challenging. With complex and dynamic ROI calculations, many struggle to take advantage of the opportunities and rewards available. This uncertainty means some Node Operators and Delegators are missing out on maximising their returns.
The SubQuery Network App provides high-level information on past era ROI/APY and is the primary way to interact with the network, but this is often not enough. It doesn’t provide the insight needed to understand how the APY was achieved, whether it can be improved, or what earnings might look like for other projects.
So, how do we solve this problem? Enter SQTScan.
SQTScan - the gamechanger for Node Operators and Delegators
SQTScan is a community-owned application designed specifically to help expert users such as Node Operators and Delegators to gain a deeper understanding of historical rewards on the SubQuery Network and optimise their participation.
SQTScan will help provide users with the data and insights needed to make informed decisions. Here's how it helps:
- Education: By offering detailed breakdowns of how rewards are calculated, SQTScan enables users to understand the factors driving their earnings. This understanding is key to making better decisions and boosting their potential returns.
- Opportunity Comparison: With SQTScan, Node Operators can compare historical rewards across various projects. This comparison allows them to decide which projects to run or allocate stake to, helping them allocate their efforts where they are most likely to see gains.
- Estimate and Forecast: SQTScan includes forecasting capabilities, allowing Node Operators to enter estimated stakes and extrapolate historical data to predict potential rewards on new projects. This feature is vital for planning and optimising future operations.
- Performance Benchmarking: Both Node Operators and Delegators can compare APY across Node Operators, both overall and by individual projects. This comparison helps identify where they stand relative to others and what actions might be taken to improve their performance. It's a great way to understand why APY differs between Node Operators, and what can be done to equalise performance.
- APY Maximisation: SQTScan identifies ways for Node Operators to increase their APY. This includes:
- Adding or removing projects.
- Attracting more queries.
- Increasing their stake.
- Allocating their stake more efficiently based on historical performance.
In the future, we expect this tool to do a whole lot more! Potentially it could even suggest the optimal allocation strategy to maximise rewards.
Currently, SQTScan is tailored to Node Operators and Delegators looking to optimise their rewards. In the future, the tool might expand to support other participants on the SubQuery Network, such as Consumers.
Community Built and Driven
Some major node operators are already contributing to the application and making improvements. If you would like to add your support, suggest improvements or new features, or even contribute code, it is welcomed!
You can find the GitHub for SQTScan here: https://github.com/HuberTRoy/subquery-sqtscan
Ready to Optimise Your Rewards?
SQTScan, a community-owned tool, is designed to empower Node Operators with data-driven insights on the SubQuery Network. Whether you’re comparing projects, benchmarking performance, or seeking ways to maximise your APY, SQTScan offers the valuable information needed to enhance your strategy.
Take control of your rewards and start optimising your returns with SQTScan today!
About SubQuery
SubQuery Network is innovating web3 infrastructure with tools that empower builders to decentralise the future - without compromise. Our flexible DePIN infrastructure network powers the fastest data indexers, the most scalable RPCs, innovative Data Nodes, and leading open source AI models. We are the roots of the web3 landscape, helping blockchain developers and their cutting-edge applications to flourish. We’re not just a company - we’re a movement driving an inclusive and decentralised web3 era. Let’s shape the future of web3, together.
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