GIP-51: Should GnosisDAO fund the LabDAO project?
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GIP: 51
title: Should GnosisDAO fund the LabDAO project?
author: Niklas Rindtorff <niklas@labdao.com>
status: Draft
type: Funding
created: 2022-06-09
Simple Summary
LabDAO is an online community developing a set of tools for scientists to coordinate. These tools include:
- An exchange for laboratory services
- An onboarding and team-formation process for scientists new to web3
- An endowment for funding scientific open-source developers and inventors using fees from the exchange
To support the development of the tools underlying LabDAO, we ask the GnosisDAO community for funding in return for future governance rights.
Abstract
LabDAO is an ImpactDAO of scientists and engineers that come together online to exchange scientific services and conduct research. At the center of LabDAO are three components:
- Lab-exchange, a protocol for scientists to exchange laboratory services with each other (both dry-lab and wet-lab). A first version of the (contracts and client) is being developed.
- Lab-teams, an open toolbox for scientists to onboard into the decentralized science space and launch their own “web-lab”.
- Lab-fund, a set of mechanisms that will support scientific open-source developers and inventors through fees generated on the lab-exchange.
The launch team is currently focused on developing the lab-exchange and improving the onboarding experience for scientists and service providers. To support the team, we are asking for funding from GnosisDAO over 250000 USDC/DAI in return for 1M LAB tokens transferred after the project launch.
Motivation
Decentralized Science is a movement exploring new ways to 1) fund, 2) do and 3) distribute science using web3 tools. At LabDAO we focus on building infrastructure for scientists to come together and collaborate during the “doing” phase of a scientific project.
We believe that bringing together GnosisDAO and LabDAO would be mutually beneficial to the community. By supporting the LabDAO community in technical matters, such as Gnosis Chain deployment and Zodiac integration, the launch of LabDAO could be faciliated.
By deploying the lab-exchange on Gnosis Chain and sharing DAO tooling with scientists, we believe the adoption of robust web3 tools in general, and tools within the Gnosis ecosystem, in particular, can be accelerated.
To enable the LabDAO launch team to keep developing pre-launch, we propose a token swap in which GnosisDAO would transfer $250,000 worth of DAI/USDC to support the team. In return, we will transfer 1,000,000 LAB tokens to GnosisDAO upon project launch out of a total supply of 100M LAB tokens at launch.
The majority of the funding will go towards the development of the lab-exchange and lab-teams onboarding process.
More information about LabDAO can be found in a dedicated write-up at memo.labdao.xyz
Specification
- GnosisDAO invests $250,000 worth of DAI/USDC in return for 1,000,000 future LAB tokens out of a supply of 100,000,000 at the time of launch.
- 20% of the purchased tokens will be made available to GnosisDAO within 30 days of the public token launch. Thereafter, the remaining 80% will be distributed linearly over three years.
- Received funds will be managed within the DAO multisig at labdao.eth.
- The signers consist of core LabDAO members. If interested, a representative from GnosisDAO can join the signatories.
- labdao.eth will hold the minter role for LAB tokens.
- A portion of the revenues, including but not limited to trading fees generated on the lab-exchange, will flow back to LabDAO.
- A central version of the lab-exchange will be deployed on Gnosis Chain.
References
- memo.labdao.xyz (referenced above, including further media)
- onboarding.labdao.xyz
- github
- discord