Proposal Description:
This proposal is requesting 1,000 HNY to fund Superfluid streams for contributor rewards, paid from the Council Safe using this Signaling Pool in 1Hive’s v2 Garden. Streams will be manually set up and adjusted by the Council Safe until Gardens Streaming Pools are released.
Order of operations for this proposal (see the 1Hive v2 Notion for more):
- (completed) Create a Signaling Pool in v2 for contributor rewards
- All existing streaming proposals from the 1Hive Common Pool for individual contributors cancelled.
- (this proposal) Fund Council Safe with HNY from Common Pool - Council Safe sets up streams to 1Hive contributors and updates biweekly using pool results
- Create a streaming proposal in v1 to keep funding contributor rewards on v2.
Proposal Rationale:
- Most of Honey’s inflation right now is going to contributor rewards, which hasn’t been driving any value back to the price or liquidity of Honey.
- Having 1 Common Pool stream for all contributor rewards will make it easier for the community to throttle the % of inflation going to contributors.
- Reducing proposals in v1 will open up governance weight for other proposals that could be better investments of Common Pool Honey.
Downsides:
- v2 doesn’t have streaming proposals yet. Will need to manually execute streams from Council Safe until streaming pools are released in v2.
v2 Pool Settings:
- Pool Type = Signaling
- Voting Weight System = Fixed
- Conviction Growth = 7 days
- Voting protection = allowlist → citizen’s registry
- Collateral to Create Proposal = 5 xDAI
- Collateral to Dispute Proposal = 5 xDAI
- Dispute Ruling Time = 7 days
- Default Abstain Resolution = Approved
- Tribunal = Gardens Safe
Note from @Mati0x: “For documenting this, I would add that this setup enforce to work more as a team instead of having individuals proposal, where there has NOT been a monthly update for long time from any of us (we loose credibility and more). It is much more fair and transparent for 1hive and Gardens.”
Funding Information (For Funding Proposals)
Amount of HNY requested: 1000 HNY
Ethereum address where funds shall be transferred: 1Hive Council Safe 0xc6c2E9EFB898A42DB4137B07b727b45e0C353d81