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dev-protocol / DIPs

📋The Dev Proposal repository
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OSS Token Distribution (Patrons) #52

Open defi-er opened 3 years ago

defi-er commented 3 years ago

In the future OSS tokens may achieve utility outside Dev Protocol like Governance or utility. An excellent way to reward Patrons for supporting projects, when OSS tokens receive exterior use cases, would be to give a fixed percent for Patrons. If treasury holds 5% then 2.5% would be given to Patrons that supported that project.

Distribution Method Tokens would be distributed based on the same logic as the Geyser liquidity program: the amount of capital and the time staked relative to other Patrons in the pool. The more money and time a Patron provides to a project the more of the allocation they receive.

Benefits

  1. Patrons join to fund projects they believe in
  2. Patrons are incentivized to fund projects that will make use of OSS tokens which creates organic incentive model
  3. Projects not creating use cases or developing are less staked due to the opportunity cost
  4. This DIP injects immense positive feedback loops without changing the core protocol

Future Questions

  1. How to automate the Merkle distribution without using snapshots each time
  2. Vesting periods
aggre commented 3 years ago

This idea is one of the biggest features that Dev Protocol can get by "tokenizing projects," and I think this idea is a good idea to prove its advantages.

MidgetGems commented 3 years ago

Comment from the Telegram group by InCryptoWeTrust I have problem on making GitHub account, so i will write my opinion to here.

First of all, OSS tokens having utility or governance is a big step. Its where the function of tokens upgrade from cosmetics to real value. The real value that the market will decide. The value that they can be listed on exchanges etc..

Giving that %2.5 is really big motivation in all way. First of all, it will for sure pull many investors and drive the price in positive way. Even thought, staking dev for supporting projects benefits patrons and devolopers. I kinda feel it limits the market. But rewarding the patrons with also the tokens will bring much more demand to stake projects. It will be even more win / win for patrons and devolopers.

Also, i feel this can solve 1 more problem . Some devolopers can stake on their own project for double rewards. But if there is an other reward ( the tokens), the devs can also motivated to stake on other projects which they believe their success on long term or even stake their rewards on projects instead of selling them.

I think this will be really benefical for Dev Protocol and future of OSS economy.