I would like to propose the implementation of a bounty/reward system for our forum. This initiative aims to encourage active participation and high-quality contributions from our community members.
Here are some examples of the types of bounties that could be available:
Proposal Selection: If a member’s proposal is selected for voting, they will receive 1000 $CLOUD.
Proposal Approval: If a proposal passes the voting stage, the proposer will earn an additional 1000 $CLOUD.
Constructive Comments: Members who provide constructive comments during the discussion phase that significantly reshape the proposal will be rewarded with 200 $CLOUD.
These are just a few ideas to start with, and we can certainly explore additional reward categories.
It’s important to note that the amounts of $CLOUD allocated are not excessively high. This system will operate on a monthly basis, ensuring that the overall $CLOUD allocation remains manageable and, in my opinion, worth the investment.
In conclusion, this bounty system is designed to incentivize active engagement and quality contributions within our forum. By rewarding members for their valuable input, we can foster a more dynamic and collaborative environment, ultimately leading to better outcomes for our community.
As we have seen with similar reward structures for participation, they do garner some participation, but then always trail off because it is not sustainable to the DAO. The financial benefit in the long run is rarely equal of better for the DAO in that sort of system.
In feel thst meaningful and sutainable participation only occurs if the stakeholders feel their participation will have some effect on the decisions made, and self interest. Self-interest specifically being that they will benefit (usually financial) from the outcome of their participation. For example, look at the recent vote on Solana, peoples financial benefits were directly influenced by discussions and the final decision to vote, yes, no, or abstain.
I dont believe incentivizing participation and voting is a good long term strategy to encourage Community Engagement. If it is part of a larger plan, then it might be effective.
Quality (earnest) participation shouldn’t be gamed in this environment. I wouldn’t recommend this, beyond the current stats and badges system already in place.
I just think that some people might have great idea but are thinking “someone else will think about it too,or someone will say it”
But if you give a small something people will be more likely to post themselves.
You won’t get anything for participating. You will only get something if you are relevant.
It will be max 3000 $CLOUD every months. Which is small if it gets us quality discussion/ideas.
But we all know that any rewards can and will be gamed by the greedy. We don’t want to provide unnecessary entry points for roaches to enter.
I personally think that the carrot is the opportunity to be a part of something big and beautiful. There are also other non-monitary benefits for being active here. (I really do love the badges I’ve acheived. )
I understand that we all like rewards, but that shouldn’t be used as a key motivator in forum discussions, imo. There are many other ways to reward the earnest community/DAO.
If the “same 5 people” are the ones who care to shape the protocol’s future, then so be it. (hoping it’s not though)
Proposal Selection: If a member’s proposal is selected for voting, they will receive 1000 $CLOUD.
Selected for Futarchy vote means the team has approved it.
Proposal Approval: If a proposal passes the voting stage, the proposer will earn an additional 1000 $CLOUD.
If passes it means the whole community approved it
Constructive Comments: Members who provide constructive comments during the discussion phase that significantly reshape the proposal will be rewarded with 200 $CLOUD.
The comment that is changes the initial proposal have to be accepted by the team and most of the community/badge holders.
Agree. But too many are passively waiting for asr because there is no reason to scratch your head on a good proposal because most people are thinking others will do this part.
To have interesting discussion about a proposal, we need people to participate in that discussion.
This proposal would encourage people to take part of the dao themselves.
I think participation without reward builds a better more honest community.
If someone has something interesting to say others will give their opinions.
Look how the community was split by the first pro earnest Airdrop.
If being earnest is staking and voting why change the rules , if you have an opinion state it , if its good enough it will get to be voted on .
People will start farming it and multiple account will be join in, but having a minimum staked Cloud and how long to be able to create a proposal will limit the gaming.
Having hundreds of alt accounts won’t make you eligible for anything tho.
For one good proposal, only between 1000 to 2400 could would be given away to some community members.
We are not talking millions like other proposal. Just 20 000 or so for a year.
It is very cheap to get an active community trying to find what’s vest together.
Just look how dead the forum is.
If you mean they will “game” it by giving constructive feedbacks and very great and original proposal that the community and the team would love. Then I sign for it.
I think we could have this for the next 2 or 3 proposals and see how it goes.
forum definitely isn’t very - governance/proposals hasn’t been a point of discussion since the mobile app proposal failed
in terms of your proposal, and trying it out for the next 2 or 3 proposals and seeing how it goes…doesn’t hurt to experiment. Maybe use usdc instead of cloud since those weekly rewards for best forecast thread etc are given in usdc
As directly related to cloud. Scloud would be a better choice.
But I agree with you that an experimental phase of 3 proposal wouldn’t cost much, and would give us enough data to see compare with and without the rewards.
Definitely worth the try.
I like this idea. I agree with you that it’s not overburdensome for the system to give 1000 cloud for a proposal that makes it to voting. Personally I would not be eligible for any of these bonuses since I don’t think I would have such great ideas as I’ve seen here in this forum that could make it to a vote or I don’t think I could have the meaningful contribution to a proposal to get a 200 cloud reward. So this is no personal gain to me but I think it could be a nice thing for some one who accomplishes these things.
I’ve noticed on the forum how much work people put into their proposal ideas and they do it for the good of the Dao. So it would be nice if they could get some small compensation for their time.
I think this is a good idea. There parameters to it. I believe 1000 cloud is not that big if a deal. But depends on the proposal. If there is a proposal for the logo for example I don’t think it deserves 1000 cloud. So in that sense there needs to be a tier of importance for each proposal for this to work. At that would be a team responsibility.
The proposal has to get to the vote phase. If so, it means it is important for the community or the team. Whatever the proposal is, it deserves 1000 cloud imo
)
(hoping it’s not though)