A set of shared problems have arose around a similar topic:
For stand out Community members.
For helpful/ride-or-die Validator operators.
For above and beyond ecosystem Developers.
This idea began from speaking with the community via the @HarmonyCommunityDAO #governance:community 's weekly #TwitterSpaces about getting more community members to share their voice on https://Talk.Harmony.one and with https://Gov.Harmony.one elections.
Is there a plan to create incentives for Community DAO? - #39 by FRATE
This led to the idea of offering a kind of DAO token to give out to people.
This led to a realization that 1. It is problematic to get 5/9 governors to sign w/ our multisig on a daily basis and 2. currently supported DAO tooling protocols don’t seem ready to make things easier to do the simple stuff.
Also (3), it’s easy to create a token and give it to people, but once that token needs to be used for something, or issued in a way that’s governor-ed by things like elections, it becomes more tricky to maintain; “Who originally minted the token? Do we want to force people to remint a new token? How do we control supply/issuance?”
- THE PROBLEM(s):
We want to be able to issue DAO tokens to governors on a regular basis, we want to be able to give the issuance of tokens to the currently elected governors, and the ability to airdrop them to lists of addresses (as in when there are elections), and avoid having governors be required to sign a multisig transaction every time someone does something nice in the ecosystem.
It then became clear that other Harmony Ecosystem DAOs could use this functionality.
The #governance:developer-dao DEV DAO can use it to identify helpful/volunteer developers in the ecosystem and eventually for identifying ideal candidates for the many job postings.
These tokens can then be used by developers to for apply for DAO Governor roles or gain trust from members of the ecosystem community.
The #governance:validator Validator DAO can use it to identify which validators are showing up for votes, which validators are updating their nodes in some amount of time, which validators are responding the “Emergency Response” Email testing (for being ready if there’s ever a network issue), which validators are in the social spaces responding to delegates and generally making the ecosystem thrive.
These tokens can then be seen by delegators so that anyone who wants to see who is showing up for the stability of the network, in a somewhat-unbiased manner; ie, not JUST whom the governors recognize.
For the Harmony Community DAO, the use for these tokens requires some amount of leg work because they’re not to be used for voting nor intended to become more valuable over time; so there will be an addition need for the community DAO to work with community members, and seek to cross-promote new projects by offering Raffles, NFTs and other ecosystem tokens in exchange for CDAO tokens. So that the community members are ultimately rewarded for their efforts.
SO… that was a bit long winded.
- THE SOLUTION(s):
The DEV DAO is debating if we should create a contract and a few tokens to attempt to solve this problem!
Basically, a DAO-Owner Token, a DAO-Governor Token, and a DAO-Token.
We’ll have to create a simple UI to interact with the contract but it could be done via IPFS so it doesn’t have to be hosted by anyone.
Any DAO multsig could receive a DAO-Owner token from the DEV DAO.
These DAO-Owner tokens would allow that DAO access to a faucet to mint a custom DAO-governor tokens, these DAO-governor tokens would only work until a set block time, editable by that DAO.
These DAO-governor tokens would allow that governor access to a faucet to mint custom DAO tokens, each DAO-governor token would only be allowed to mint a certain amount of DAO tokens, editable by that DAO.
These DAO tokens would be a standard HRC20/ERC20 token and should be usable by any DAO Tooling protocols like snapshot.org
I’m talking with the DEV DAO governors now to consider building a simple version of this DAO token contract for ourselves and would like very much to apply the same concept to our fellow Ecosystem DAOs.
I thought this would be a good/simple opportunity for the separate DAOs to practice applying bounties, voting and collaboration with each other.
If this is something any DAO governor would like to hear more about, please reply below.
The more support we receive for this project, the more likely the DEV DAO governors will be able to approve spending on bringing this concept to life.