[Budget] Reward Proposal for Community DAO Members and Bounties for July-Sept

*This is the updated proposal based on Didier’s original proposal: [Budget] Rewarding Community Board Members (July and August)

Context

In order to solidify Ref Finance’s mission to be a community-driven project, the Ref DAO was formed early July of 2021, consisting of various ecosystem partners and community members, who had been contributing to the Ref project as early as May. Ever since its inception, members of the Community Board of the DAO have not only been challenging and voting the Council’s proposals, but also contributing to the core activities of the project, including (but not limited to):

  • Project management: planning and documentation
  • Product testing: unit testing and end-to-end testing
  • Product strategy: benchmark and market analysis
  • User support and community moderation
  • PR and Communication

Above activities are critical to the success of any open-source and community-driven project.

Reminder: more information on the current DAO structure Governance of Ref Finance. Ref is first and foremost a community… | by Ref Finance | Medium 4

Reward Proposal for the Months of July, August, and September

Objectives

  1. Reward active and committed Community Board members
  2. Identify and reward top contributors for ‘specific works’ and ‘key deliverables’
  3. Reward non-DAO members who have completed specific tasks

This proposal suggests that Ref’s Community Board members get rewarded based on a two-tiered structure. “Active and committed Community Board members” belong to Tier 1, the rewards of which are capped at 200 REF / month. "Top contributors for ‘specific works’ and ‘key deliverables’ belong to Tier 2, the rewards of which are capped at 600 REF / month. Any active member will belong to either Tier 1 or Tier 2, based on their contributions that month.

For specific tasks (such as Telegram moderation, community management, and translation), bounties will be offered to each individual for these corresponding months.

1. Reward active and committed Community Board members [Tier 1]

As recently defined in the Ref Finance’s Wiki, Being a Community Board member involves responsibilities. This includes:

  • Challenging Council’s proposals
  • Sharing his / her opinion(s) on different topics raised by the Community
  • Being proactive and acting in the protocol’s best interests
  • Exercising independent judgement (Board members should not be delegates who simply implement the commands of other parties)
  • Exercising his / her voting right
  • Participating to the weekly community call

Based on these contributions, we propose the following reward structure:

  • Amount: capped to 200 REF per Community Board member / month

  • Payment: at the end of the month

July payout (due)

  • Alen (Minh Hieu): 200 REF > hieunmben100.near
  • Khbw: 200 REF > khbw.near
  • Ronnie: 200 REF > wmheng.near
  • Youbin: 200 REF > diamond.near

August payout (due)

  • Alen (Minh Hieu): 200 REF > hieunmben100.near
  • Ronnie: 200 REF > wmheng.near
  • Chluff: 200 REF > chluff.near
  • Peter: 200 REF > peterflux.near

September payout (due)

  • Alen (Minh Hieu): 200 REF > hieunmben100.near
  • Chluff: 200 REF > chluff.near
  • Khbw: 200 REF > khbw.near

2. Identify and reward top contributors for ‘specific works’ and ‘key deliverables’ [Tier 2]

Top contributors can be identified as any Community Board member who works on specific deliverable(s), in addition to his / her Community Board responsibilities and commitments.

  • Amount: capped to 600 REF per Community Board member / month
  • Payment: at the end of the month

July payout (due)

  • Hung Bui (harry): 600 REF > thb0301.near
  • Blaze: 600 REF > blaze.near
  • Daniel: 600 REF > messagebox.near
  • Rimberjack: 600 REF > rimberjack.near
  • Chluff: 600 REF > chluff.near
  • AVB: 600REF > alejandro.near
  • Didier: 600 REF > colibri.near
  • Ozymandius: 600 REF > ozymandius.near

August payout (due)

  • Rim: 600 REF > rimberjack.near
  • Daniel: 600 REF > messagebox.near
  • Blaze: 600 REF > blaze.near
  • AVB: 600 REF > alejandro.near
  • Harry: 600 REF > thb0301.near
  • Didier: 600 REF > colibri.near
  • khbw: 600 REF > khbw.near

September payout (due)

  • Rim: 600 REF > rimberjack.near
  • Ronnie: 600 REF > wmheng.near
  • Blaze: 600 REF > blaze.near
  • AVB: 600 REF > alejandro.near
  • Harry: 600 REF > thb0301.near

Key Deliverables : details below

  1. Product testing v2
  • Date: 23 August 2021
  • Reference: Ref DAO’s Basecamp
  • Estimated hours: 2-3 hours / tester
  • Contributor(s):
  • Blaze
  • AVB
  • Harry
  • Didier
  1. Product farming v1

Date: 22-30 July 2021

Link: DAO’s Basecamp

Estimated hours: 4-5 hours (including workshops with dev team) / tester

Contributor(s):

  • Danielo
  • Didier
  1. Delivery: Quickswap Case Study

Date: 14 June 2021

Link: DAO’s Basecamp

Estimated hours: 1-5 days

Contributor(s):

  • Harry
  • Alen (Minh Hieu)
  1. Delivery: Weekly Community Call Business Minutes

Date: ongoing

Link: DAO’s Basecamp

Estimated hours: 1 hour / business minutes

Contributor(s):

  • Rim
  • Didier
  1. Involvement in PR, marketing
  • Participation in weekly marketing syncs with PR agency, editing + approving Ref Medium articles and copywriting, coordination and participation in AMAs, coordination with NEAR Foundation on publications, coordination on growth hackathon etc
  • Period: ongoing
  • Contributor(s)
  • Rimberjack
  • Harry
  1. Ref Wiki
  • Harry
  • Rimberjack
  • Didier
  1. Coordination on police report and legal counsel
  • Period: August~September
  • Contributor(s)
  • AVB
  • Harry
  • Ronnie

3. Reward non-DAO members who have completed specific tasks

  1. User support and Telegram Channel Moderation
  • Period: August and September
  • Estimated hours: 2-3 hours / day / person
  • Reward: 100 REF per person / month
  • Contributor(s):
  • SanketN81: 200 REF > sanketn81.near
  • Cudam321: 200 REF > cudam321.near
  • Ben: 200 REF > beng.near
  • Zang Lee: 200 REF > zanglee.near
  1. Chinese community management and translation of Ref articles & website into Chinese
  • Period: August and September
  • Reward: 600 REF / month
  • Contributor:
  • Ting Ting: 1200 REF > luwiting.near

Notes

*The entire payout scheme and total sum can be seen in this sheet.
**The current proposal respects the understanding of the council and community board on rewards from when the DAO was originally formed in July. The reward scheme is subject to change from October onwards.

8 Likes

very detailed
thanks Rim

adding a little bit of context,

the initial thought was, 5% of the dev fund, or 0.5% of total token supply vested across 50 months, will be used for community building and community members incentives to take extra initiatives.

It will be a learning process for the general ref community to propose what would be the best possible to manage these fund, thus far, we see performance based tiered payout to individuals.

3 Likes

Thanks Rim for the proposal. Agree totally on that

Very Detailed Proposal.
Appreciated.

Thank you, Rim.

[Amendment]

Forgot to add in key deiliverables

  1. Setting up the initial DAO structure + recruiting members + strategy for community development
  • Period: July
  • Contributor(s):
    Ozymandius

And credits for the detailed proposal goes to @Didier

3 Likes

Hey guys I wanna be a council too and get 600REF monthly.

All criteria fits too me. Thanks

More information please .

How can I find your dao on Sputnik dao ?

@Real_Sol

Your approach and (almost) every post you have made so far are non-constructive and toxic to the community.

The community Board is open to anyone who demonstrates interest, brings added value and above all has the “ability” to engage with members in a constructive fashion.

Regarding your question on the police report, we are still in the process of getting the police report done, thks to one of our community board members. We have identified a lawyer who is willing to get it done for us and we are waiting for his greenlight. We will update the community once we have made progress on this matter.

Finally on your last question, here is the link to the Sputnik DAO: SputnikDAO 2. You will find all information regarding members and votes. If you have any questions, please do not hesitate.

1 Like

Hey @Didier, may I ask about Moderation on Ref.Finance discord channel?? is mod on that channel open ??? because if so I would love to be a moderator and earn that sweet 100$REF as well=))) I have been quite active on Discord under the name Larry_lang#9612 =))

And if the spot is indeed open, then where can I sign up for the task???

Thank u in advance^^

2 Likes

Ok thanks. You can’t discriminate and humiliate me for my manner on writing. Thank You. I’m asking simple not toxic questions. I’m an early Ref.Finance user, just was surprised how councils and board members were elected. Absolutely not transparent . As a major Ref.Finance holder I aslo have a right to know this information. Cheers.

Oh the community Board position sound promising too=))) can u show me how to sign up how to prove to be eligible for such a position =?? thank u in advance=00

1 Like

Following Ref Finance inception / deployment around March 2021, Proximity Labs, a research and development company focused on NEAR, received a grant from the NEAR foundation to bootstrap and scale Ref Finance.

Early June, Proximity set up the Ref DAO and its community board. Community Board members were selected based on their value and activity across the different channels (mainly Telegram and Discord). In my personal case, I was simply making general feedback and suggestions to develop the protocol, along with providing insights and data (what will became after Sodaki). Prior to that, I have never had personal connections or interests with Poximity and its team members.

As mentioned before, the DAO is set to evolve and welcome new members. Plus, from my personal point of view, I think it is healthy that some chairs renew themselves or in other words, that we have a good turnover to encourage objectivity and diversification.

Finally, and as I explained before, the best way to get closer to the governance system is simply to start contributing. The Telegram channel is active and welcomes any active participation.

Absolutely, let me know if you have any other questions.

4 Likes

tôi đồng ý với phương án của bạn.
tôi muốn trở thành tiger 1. có thể hướng dẫn cho tôi được không. xin cám ơn nhiều.