Proposal in Honey Pot
This proposal would provide 20HNY to the /r/ethtrader gnosis multisig 0x682b5664C2b9a6a93749f2159F95c23fEd654F0A to be used at the group discretion by /r/ethtrader to compensate individuals responsible for bringing Reddit /r/ethtrader DONUT infrastructure to xDAI as well as potential small welcome airdrop to members of xDAI, HNY, AGVE.
Reddit is a key social communication platform particularly with respect to crypto users. /r/ethtrader having surpassed 1M subscribed users, and with 1000 registered users represents a large and growing community of people both being introduced to ETH and DeFI and to DAO type organizations via DONUTs. Many of the people in this ecosystem either, already have discovered side chains, or are discovering them now. Once the reddit scaling concest conclusion failed to materialize a result I decide myself in November last year to attempt bring this community over to the xDAI so they could enjoy lower fees, potentially become new DAO participants and Honeyswap Liquidity Providers.
The DONUT infrastructure provides 1.15M DONUTs/week in rewards to the community:
- 150K to moderators
- 850K based on reddit post content
- 100K to LP for the Uniswap DONUT-ETH pair staking contract on mainnet
- recently 50K Honeyswap LP for DONUT-xDAI (we still have to put up infrastructure for this but it has passed).
- About 1/2 of this (currently valued at 40KUSD/week or 2MUSD/yr is currently distributed on xDAI.
Our Intention is to bring over the entire DONUT governance infrastructure. To use on-chain tipping to create a new /r/ethtrader reward metric. The tipping bot simply needs a UI interface change to allow for tipping in any xDAI currency (xDAI, DONUTs, MOONs, BRICKs, HNY, AGVE, whatever). In principle it also could be used across multiple sub-reddits as well.
Hours reported so far
/u/carlslarson 108 - main contract changes, distribution handling, gnosis multisig, etc. (ongoing)
/u/Eth_Man ~100-120 (still totaling up to get accurate number, ongoing)
/u/dont_forget_canada - tipping UI 30-40 (ongoing)
/u/Infernal_Toast ~40 - meta/lavawallet work
others 20 - testing, feed back, etc.
Total: 298-338 @ 50/hr 14.9-16.9 (1/2 of this 7.5-8.5k or about 10-12HNY at current price 700)
Expected duration or delivery date (if applicable):
The primary work is already complete. Longer term plans 3-6 months out.
r/ethtrader Gnosis 5-8 multisignatories
/u/aminok - mod
/u/dont_forget_canada - mod - UI developer
/u/nootropicat - mod - smart contract developer
/u/Basoosh - mod
/u/rustedpopcorn - mod
/u/MemeyCurmudgeon - mod
/u/carlslarson - lead dev and lead mod of r/ethtrader
/u/Eth_Man - multi-year crypto enthusiast, trader, analyst, etc. Active with Maker, r/ethtrader, 1Hive, AGAVE, etc. communities.
/u/Infernal_Toast - key developer for 0xbtc, lava-wallet GitHub - lavawallet/lavawallet-web
Skills and previous experience in related or similar work:
More detailed description of how funds will be handled and used:
Funds will be sent directly to the /r/ethtrader gnosis multisig address on xDAI where the /r/ethtrader gnosis team will distribute according to the above guidelines. 1/2 (10HNY for work already done and hours reported), 1/2 allocated at their discretion for xDAI, HNY, AGVE airdrop to those in /r/ethtrader opting in to xDAI distributions. (we will use a prior snapshot for any airdrop), or for compensation for future work. There is a possibility we use some HNY to partially fund the HNY-DONUT LP reward on Honeyswap. etc. The remaining 10 up to community to decide with above ideas as options.