Bootstrapping the Gardens Swarm DAO
The Gardens Template is an incredibly powerful DAO setup. It consists of a Token Bonding Curve issuance policy that integrates various funding streams to feed a Conviction Voting DAO. It has the potential to enable a plethora of economic designs that were never possible before. Imagine if DXdao and 1hive were smashed together in a repeatable template that could reshape the stewardship of shared resources as we know it.
The Commons Stack has been dreaming about this design for almost 2 years now, and hopes to use the Gardens Template to support the launch of a socio-economic experiment that will support shared research and development in the token engineering space. We are calling this first large-scale Gardens deployment the TE Commons.
The Token Engineering Community and the Commons Stack are working together to ensure the TE Commons has a healthy cultural protocol to match the smart contract protocols that make up 1hive’s Gardens Template. We are excited to team up with Sem, one of the 1hive bees responsible for developing Conviction Voting, and form a 1hive Gardens Swarm to update the Gardens Template for use on xDai.
The Gardens Template and encompassing apps (Marketplace, Conviction Voting, etc) are likely to need a lot of upgrades and continual maintenance and this proposal would fund a Gardens Swarm DAO to steward the continued development of this powerful DAO Template.
For more background on the Gardens Template itself, read the Gardens Overview forum post
Detailed rationale for why this proposal exists and should matter to HNY holders, the 1Hive community, and/or DAO ecosystem
This proposal extends and solidifies the funding for the 1hive Gardens Swarm, which has been working to develop Conviction Voting and related apps within 1hive. We believe that further implementation of Commons Stack designs will create the following value to the 1hive ecosystem:
#1 Bonding Curve Use Cases will Bring More Innovative Projects to 1hive
Bonding Curves are one of the most important economic mechanisms developed in the last 50 years. It is a novel price discovery mechanism and we still have a very nascent understanding of its potential use cases. Aragon Black built something magical for the Aragon ecosystem, allowing DAOs to integrate with bonding curves but with them no longer stewarding the Fundraising App, other ecosystems have taken thought leadership. The responsibility for keeping this App updated in our own community has been passed around like a hot potato, but no one has long term stewardship of the application completely. First @Jonybang and the Galtproject team carried the flag, and then it was passed to @willjgriff and @fabriziovigevani of 1hive, but they are both very busy with other projects. A dedicated team to steward this critical but complicated application is necessary if we want it accessible to innovators in the space.
#2 Token Engineering Community and Commons Stack Alliance
To build useful software, it is incredibly valuable to have users to build for, and in this case, the first users we are building for are two communities that can drive major future value into the 1hive ecosystem. Conviction Voting was a project born out of the Commons Stack Community and studied in great detail by Blockscience and the token engineering community. The Commons Stack hopes to contribute cultural playbooks that can support community development processes alongside the Gardens Template that can be forked for other templates as well, and the TE community would likely bring further token engineering innovation into the 1hive ecosystem. The TE Commons as a first user is a very strategic partnership for the long term success of the 1hive community.
#3 Potential Arbitrage opportunities with Honeyswap
Token Bonding Curves create their own market. Each community that uses the Marketplace app will have a token price that fluctuates independently of Honeyswap which will create an arbitrage opportunity for traders and therefore trading volume on Honeyswap if these community’s tokens have transfers enabled and create pairs on Honeyswap.
#4 Building revolutionary tools to reshape society
The Gardens Template has the potential to revolutionize the funding of public goods and create a sustainable revenue stream for a forgotten sector of society traditionally dominated by governmental and non-profit organizations. This template has the power to create economies around shared value creation. The ultimate goal is to democratize and quantify political power over public goods funding, why do politicians spend millions of dollars to be elected to a relatively poorly paid government position? Clearly influence over which public goods governments create has value. The Gardens Template enables communities to bootstrap funding to create economies that efficiently coordinate public good creation without external support… effectively replacing politicians with token holders, and taxes with investments into public goods economies. This is huge but it needs reliable dev support to continue to evolve in these early stages.
Expected duration or delivery date (if applicable):
How long do you think it will take to deliver on your proposal
This is a proposal for kickstarting the Gardens Swarm DAO to steward the Gardens Template for the long run. It is a software development and maintenance project, where we will continually improve the template and respond to community requests. However, we are working with a community that has a clear roadmap.
We plan on launching the TEC in December. We have been working off this roadmap since late July and have been hitting our targets week after week.
Names, usernames, and/or relevant social links for team members (Twitter, Github, 1Hive Forum, etc.):
Gardens Swarm Team
- Griff (will not be paid) https://github.com/griffgreen, https://forum.1hive.org/u/griffgreen, https://www.linkedin.com/in/griffgreen/
- Sem https://github.com/sembrestels, https://forum.1hive.org/u/sem
- Fiore https://github.com/fioreb
- Viviane https://github.com/vivianedias,
- Paulo https://github.com/pjcolombo
- Fabi https://github.com/famole/, https://twitter.com/fmolinae
- Rayne https://github.com/anthonyoliai
- Rodrigo https://github.com/rperez89,
- Fabri https://github.com/fabriziovigevani
- Will https://github.com/willjgriff
Skills and previous experience in related or similar work:
What are some of your skills or related experience that might help inform HNY holders about your ability to execute on your proposal
- Griff - I have been working full time in the DAO space for 5 years (TheDAO, Giveth, Commons Stack, etc) and was the product owner for the Aragon DAC for 6 months.
- Sem - Led the development of Conviction Voting Aragon App
- Fiore - 1hive designer
- Viviane - Dev. Contributed to Conviction Voting frontend
- Paulo - Dev. Developed Committees Aragon App and contributed to Conviction Voting too
- Fabi - Dev. Strong background on Frontend and Mobile development, contributed to 1hive taking some issues and started to work with smart contracts some time ago.
- Rayne - Dev Fresh graduate, still very new to the space. Currently also a Fauna community moderator at 1hive.
Rodrigo, Fabri, and Will are 1hive seed members that have previously worked on gardens and will advise the project.
Funding Information (For Funding Proposals)
Amount of HNY requested:
Ethereum address where funds shall be transferred:
0xc542cc61ed9be9e6e29652ac8a918554ecd2bc98 - Gardens Swarm DAO Agent (https://aragon.1hive.org/#/gardensswarm/)
More detailed description of how funds will be handled and used:
This HNY will pay devs a rate of 25-50 xDAI an hour (paid in HNY). As the project evolves more individual agreements might need to be made (Bounties for tasks, etc) but the hourly rate will stay around 25-50 xDAI/hr (based on experience) for the foreseeable future.
Honey is Money (but it’s not a great unit of account ) All payments will happen in HNY, but based on the exchange rate of the date that the vote to pay out is made.
Here is the screenshot of the Garden Swarm’s Initial Voting rules, the concept was with 9-12 people, there would be a requirement for minimum 3 people to approve any transaction and if one person votes no then 4 people would be required to vote yes for it to go through.