Pollen Distribution period 3
proposal link: https://1hive.org/#/proposal/82
This is a follow up to fund the pollen swarm again, you can find the previous post outlining the pollen experiment here: New pollen proposal for period starting Oct 23
The pollen distributions have now been running for about 11 weeks. There have been ups and downs, at times things seemed like they were on fire with people abusing the system, and recently things have been a lot quieter. Funding for pollen has finally run out and we need to request more from the community if we want to maintain this reward system.
There has been some discussion over the past few days in the pollen swarm channel on discord for how we should do pollen distributions in the future, and also a straw poll to vote on different options. There appears to be good consensus among the members there that we should start pegging the weekly rewards to a usd value rather than a fixed HNY value. To avoid potential hyperinflationary scenarios where HNY price drops we want to set a cap for the maximum amount of HNY that can be distributed per week.
According to the straw poll done in the pollen swarm channel, the overwhelming majority of members engaged with governance and decision process for pollen are happy with a usd peg for $15k / week, not exceeding 50 HNY per week. This is therefore the proposal we want to create after receiving some community feedback here. We are also waiting for the farm proposal to pass so as not to split conviction voting further. The $15k peg can be changed in the future, but this will require a conscious decision on the part of the DAO, rather than being dependent only only HNY price action.
The requested amount is for 5 weeks, roughly aligning the end of funding with the new year. The requested amount for the proposal then will be for 250 HNY, since this is the maximum distribution for the period, and how much would be distributed at current prices. Each week the distribution amount will be determined based on the HNY price on Monday at 12 pm EST, rounded to the nearest 1 HNY. If the full amount is not distributed over the 5 week period, the remaining quantity will roll over and be used for future pollen distributions.
What duration should this proposal have?
The proposal will have a duration of 5 weeks to approximately align the next proposal with the new year.
Team Information (For Funding Proposals)
Skills and previous experience in related or similar work:
This proposal is an extension of previous work the above members have been managing
Funding Information (For Funding Proposals)
Ethereum address where funds shall be transferred:
multisg agent address)
More detailed description of how funds will be handled and used:
all distributions will be done through the Aragon pollen multisig, and will be voted on by the above mentioned memebers, or any other members later added to the multisig.
Polls for informational purposes only:
You can vote for multiple options, please vote for all options that are reasonable to you.
Should we peg distributions to a usd value?
What should the usd peg for the weekly distribution be?
- Less than $15k
- More than $25k
- No peg
What is the maximum HNY value that should be distributed per week?
- No HNY, cancel pollen
- Less than 30 HNY
- 30 HNY
- 33 HNY
- 40 HNY
- 50 HNY
- More than 50 HNY
- No cap, usd peg only
How many weeks should this proposal be for?
- 2 weeks
- 3 weeks
- 5 weeks