Hey all! My name is Brian Flynn, I’m one of the co-founders of RabbitHole.
We’ve just launched our latest feature as part of our platform called Earn, which lets any network distribute tokens to users for interacting with their product through on-chain verifiable actions. We’ve also integrated BrightID as a sybil-resistance solution so users can only earn rewards once.
Over the past few weeks, we’ve been lurking in the Gnosis community and observing some of the issues with the token distribution of GNO. We believe that RabbitHole can help foster a wider distribution of token holders and additionally provide a new wave of community members to the ecosystem.
Because Gnosis is a big and complex ecosystem for new users, our proposal would be to create tasks on RabbitHole that awards GNO to users for interacting with each of the different parts of the ecosystem. This will be retroactive, so it will reward past users (as long as they fulfill each of the tasks).
Our proposed Gnosis campaign will require a user to interact with each of the 3 different core products of the Gnosis ecosystem (Gnosis protocol, conditional tokens, and SAFE) with some minimum requirements. The way the campaign is simple: The first x number of users to complete the task will earn a fixed amount of tokens, to be decided upon by the community. For example, the community can reward .5% of the available token supply to the RabbitHole campaign, where each user gets 1/1000th of the total tokens distributed through the campaign. The tokens will be distributed periodically after a user has redeemed.
Additionally, one interesting thing that we can do is bootstrap a conditional token market based upon the success of the campaign - in this case, the number of users who complete the campaign. This would give an additional incentive for the community to refer others to the Gnosis products and further the distribution of the token.
It’s also important to note that while we acknowledge there might be some members of the community who have interacted with different parts of the Gnosis ecosystem with different wallets, we can use BrightID for sybil-resistance (already integrated into RabbitHole0. This is so we can guarantee there will be new users in the ecosystem who are provably unique.
We have run a similar campaign for Aave and have drawn hundreds of new unique users into Aave, and are running one now for Matcha here. We are planning to run others as well. This will give some good exposure to Gnosis to users in the Ethereum ecosystem as they seek to do other tasks around Ethereum.
As part of the campaign for Gnosis, RabbitHole is asking for a small amount of $GNO as a community grant) in proportion to the number of tokens distributed through the campaign. We think either $3K or 2% of the total tokens distributed is fair, whichever is higher. This can be streamed via Sablier for any duration, and give RabbitHole alignment with the Gnosis community during the campaign and afterward as well.
The two main goals of the campaign would be to increase the number of unique token holders for GNO that interact with the Gnosis products and also increase the TVL for the different Gnosis ecosystem.
Looking forward to hearing everyone’s feedback on this proposal - as I’m really excited about the potential.