GIP-48: Should GnosisDAO implement the Praise reward system around the Gnosis Chain Validator program?
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GIP: 48
title:Should GnosisDAO implement the Praise reward system for the Gnosis Chain Validator program?
author:Tex Boonjue, John Szczepaniak, Kristofer Lund, Liviade Deschermayer
status:Phase-3
type:Funding
created:2022-05-25
updated to Phase 3: 2022-06-03
Snapshot: https://snapshot.org/#/gnosis.eth/proposal/0x012d04c8351991da79e92f4088527c76b6139b9aa0b71772b704b587d2c9c0e3
Phase 3 Snapshot vote here.
Phase 1 of this proposal can be viewed here.
Phase 2 of this proposal can be viewed here.
The Praise reward system evolved out of the Giveth communitiesā experiments with Reward DAO and the Commons Stackās iteration on the system. TEC currently employs Praise and it has become an important component of maintaining the overall health of their community.
It was developed as a way to value the contributions of community members. When a community member notices that someone has done something to help the community, they can ādish praiseā to that community member by sending a message that starts with ā!praiseā or ā/praiseā in discord or ā!dish praise to/forā in Telegram acknowledging who made what contribution.
We believe that the Praise system can benefit and grow the Gnosis Chain validator community. Verified validators in the Gnosis Chain and GnosisDAO Discord can earn small amounts of GNO for helping community members and for onboarding those interested in running a validator. The criteria for what is helpful is broad.
The rules for the GnosisDAO Praise system will be a modified version of the original Commons Stack bot. Only verified members of the Gnosis Chain validator community will have the ability to award and receive praise. Additionally, a small working group will quantify and evaluate praise data (āquantifierā) to gain insights into validator community sentiment and to decrease the likelihood of any foul play. Praise data (and the insights contained therein) will be published monthly. Quantifiers will be rewarded in GNO for each quant pool they successfully participate in.
This proposal was inspired by the Avado community, which helps to secure the Gnosis Chain with their plug and play validators. The Avado community currently uses Praise in their Telegram with great success. You can visit Avado here.
For more detailed information about the rules of Praise and quantification, please visit this TEC forum post on the topic. There was a significant amount of groundwork that went into making this proposal. Additionally, this Dune Analytics Dashboard tracks the number of validators and validator deposits on the GBC.
Abstract
At the time of this writing, there are approximately 100K GBC Validators, which is second only to the number of Ethereum validators. Nurturing a positive validator community will encourage more participants to become validators. This will increase diversity and decentralization of the GBC consensus layer in addition to furthering the GnosisDAO brand.
Motivation
Community participation rates could be improved by encouraging positive member interactions between and among the Gnosis Chain validator community. An incentivized system that recognizes and rewards those who do good - who embody the values and ethos of Web3 - will encourage more participants to become validators.
Specification
The total budget for the GIP is 22,000 USD paid mostly in GNO. Rewarding members of the validator community in GNO will help to distribute governance rights for GnosisDAO. Additionally, as 1 GNO is required to spin up a validator, receiving GNO as a reward may encourage the community member to run more validators. Funds will be allocated as follows:
7,000 USD (paid in xDAI) to Commons Stack for the following:
- Server setup (Digital Ocean)
- Discord bot setup
- Development of custom features
- Option to restrict praising to discord channel of choice (bot currently run on all channels)
- Option to make quantifier assignment manual (it is currently always randomized)
- Praise admin / quantifier training
- Setting up of RAD Dashboard (for displaying Praise data)
- Minor adjustments if needed to produce the insights you need
- Analysis session after first quant
- Full support, 2 months
- Server maintenance
- Praise and quantification support
- Advisory as needed
- Project management / coordination
$10,000 USD worth of GNO will be allocated to the Praise bot and rewarded to the validator community for their contributions. Praise receivers will receive between $1 - $10 worth of GNO per praise. The amount received will be based on the quality of the contribution, which will be determined by the quantifier working group.
$5,000 USD worth of GNO will be allocated to the quantifier working group. The exact amount of GNO quantifiers will receive per quantification round is TBD but will be in proportion to the amount of Praise quantified and will not exceed $10 worth of GNO per round.
GnosisDAO Snapshot
Phase 3 Snapshot vote here: Snapshot
UPDATE: October 3, 2022 ā Breakdown and Distribution of Funds (Audit Purposes)
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7,000 USD (paid in xDAI) to Commons Stack for the below services and which is to be sent to their wallet address: 0xfa4EE6B523fC1E8B53015D7D81331d568CDb5906
- Server setup (Digital Ocean)
- Discord bot setup
- Development of custom features
- Option to restrict praising to discord channel of choice (bot currently run on all channels)
- Option to make quantifier assignment manual (it is currently always randomized)
- Praise admin / quantifier training
- Setting up of RAD Dashboard (for displaying Praise data)
- Minor adjustments if needed to produce the insights you need
- Analysis session after first quant
- Full support, 4 months
- Server maintenance
- Praise and quantification support
- Advisory as needed
- Project management / coordination
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$10,000 USD worth of GNO (at market prices on date of distribution) to the Praise bot and sent to the GIP-48 Praise Safe. This amount is allocated to the validator community for their contributions. Praise receivers will receive between $1 - $10 worth of GNO per praise. The amount received will be based on the quality of the contribution, which will be determined by the quantifier working group.
- Address: 0x96CB77D7d06D69cA161c3c144281F6EC5812Ac9C
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$5,000 USD worth of GNO (at current market prices) to the quantifier working group sent to the GIP-48 Praise Safe. This amount will be allocated to the quantifier working group. The exact amount of GNO quantifiers will receive per quantification round is TBD but will be in proportion to the amount of Praise quantified and will not exceed $10 worth of GNO per round.
- Address: 0x96CB77D7d06D69cA161c3c144281F6EC5812Ac9C