Rough outline for an experimental new funding tool which provides recruitment, retention, and reward mechanisms of core protocol contributors - read the full proposal here.
Over the past year, Stateful Works has pushed the boundary on how to simultaneously accrue cultural and financial capital to protocol maintainers:
Both of these projects have three important characteristics:
While these were both successful in their own rights, we think there’s more to do in this space. Over the past two months, we’ve been sketching out our next project with the input of core contributors. We’re calling it the Protocol Guild:
This proposal describes a new public goods funding mechanism: a split contract which distributes donated application tokens over a vesting period to a self-curated list of Ethereum protocol contributors.
The primary goals: to provide autonomous tools for recruitment, retention, and reward to the protocol and its maintainers. If desired, individuals can forward their allocation to a charity.
The full proposal contains extensive discussion on existing funding mechanisms, motivations, roles and obligations, design requirements, anticipated concerns, and a few case studies. We’d love to heard your feedback in the Stateful Works discord.
In direct contrast to the previous projects mentioned above, this mechanism should have:
While we’ve made significant progress over the past two months since the project’s inception, there’s still much to do. This includes onboarding more members, refining the norms and expectations for members, reaching out to more DAOs, settling on the proper contract architecture - we are particularly interested in input on this last one, please reach out!
Ethereum has a well deserved reputation for public goods funding experimentation - we can’t wait to add our name to this list in 2022.
Looking forward to sharing more throughout Q1!
⟠ Stateful Works