With the recent migration of Honey to xdai, and the launch of our minimally viable honey DAO I wanted to create a thread to start brainstorming proposals and processes that we can use with the basic conviction funding process.
The conviction funding process allows anyone to submit a proposal, which is great because its completely open ended. We can use the proposals to allow people to propose work which they might do in the future if its approved (with the expectations that if they don’t their future proposals are unlikely to get supported), or to recognize people for ad-hoc contributions that may not have been otherwise recognized (similar to a nominations process)… but one of the more interesting things we can start doing is thinking of mechanisms and processes that further distribute honey while incentivizing and prioritizing different forms of community contribution. This allows the DAO to delegate some of the distribution processes away from conviction voting into more narrow/specialized processes at the edges.
The basic idea is to define a process or mechanism, then fund that process or mechanism via conviction voting (one or more times), these mechanism can then be more narrow initiatives which can compete or be replaced over time as they become more or less relevant. They also do not need to be fully automated or decentralized, they can rely on a trusted party (or bot) to execute them, knowing that if they do not relying follow through on the intention the operator won’t be trusted in the future.
Some ideas to get us started!
- Honey Liquidity
We could deploy the geyser contract ampleforth created to reward people with honey who provide dai-honey liquidity on the uniswap instance we created on xdai. This will help establish a par value for Honey, and encourage people to help capitalize 1Hive/Honey.
- Social Cred
Increasing social interactions on discord and discourse can be valuable in attracting and onboarding new community members, and encouraging existing community members to be more talkative and inclusive.
We can do this by setting up a sourcecred instance, it doesn’t even need a dao it can just be a key which gets sent honey and distributes a portion of its balance each week.
- Dev Cred
Continuously rewarding code contributions to a select set of repos (probably honeypot, gardens template, conviction voting, dandelion voting, marketplace). The governance over weights and repos, can be pretty informal (eg beneficial dictator model), as its localized and has to be topped up over time.
- BrightID faucet
We can create a faucet contract which requires people to validate with brightid, then register and claim periodic distributions. The faucet could be topped up directly via conviction voting so long as we determine it’s a valuable way to onboard people.
- Nominations Bot
We could have a bot which monitors our nominations channel and gets topped up with honey via conviction voting. We can define some logic for how to calculate how much of the bots balance of honey a nomination should receive. We could look at the commonstack bot for inspiration https://github.com/commons-stack/CommonsStackBot