Micro Contributions
further identification, assessment, and recompense for labor within DAOs and defi protocols.
Attracting users to blockchain tech they don’t want to understand, getting them to operate in whatever TF a DAO is and adopt decentralized everything can take some convincing. One of the best tools projects have to combat that reluctance is token rewards.
Rewarding defi users in exchange for their usage, involvement and general contributions is mutually beneficial to users and the projects. The specifics around usage will be the meat and potatoes here but high level + and — to treasury rewards.
benefits:
Incentivized adoption
Treasury funds targeted at growth/substantive activities
Integration opportunities
Innovation driven
Community minded
challenges:
Tracking and reporting compliance
Cumbersome processes
Funds “gate-keeping”
Ensuring equal access among user segments
RORI — return on rewards investment
The verdict is out on this one.. spending treasury $ on the community for adding to the community makes sense. Everyone agrees and you should too.
(actions that’ll earn ya some of those rewards)
- Social media actions [liking, following, interacting]
- Staking/farming [uniswap, sushi, 1inch, 88mph, curve y mas]
- Building [gitcoin bounties, grants, front end dev]
- Community organizing/support [mods, user updates]
- Product support [explainer vids, discord, telegram]
- Asset library mgmt [gitbook]
- Content creation [medium, discourse]
- Governance actions [snapshot, sybil, tally]
That’s pretty much the entire list attracting treasury rewards which for my purposes, we’ll identify as MACRO contributions (MACcons). Now that we can generally identify them and understand them to be an established set of behaviors most commonly incentivized by defi communities, let’s move to MICRO contributions (MICcons).
Unlike MACcons, the actions that constitute MICcons could never be construed as duties assigned to paid employees. They’re more like duties no one would ever be assigned but MANY users perform diligently to the immense benefit of a project.
- Ongoing usage of project
- Discord contribution
- Time spent on dapp
- Community call attendance
- Time spent researching project
- Similar project involvement and token usage
- Emails sent between community members
- Social media contributor rank
- API to track efforts toward predetermined initiatives
- Token interactions across different projects, possible scoring mechanism as well
- Multi sig contract contributions
A protocol to track the activity identified behind MICcons could leverage existing APIs and address what behaviors would require custom solutions.
Users could access a single dapp and enable each labor source they choose.
Users are identified with and connected to participating projects
If @dontbuymeme has enabled the protocol and allocated funds used for rewards, then a user of the MEME platform would..
- have their wallet address scrubbed for MEME token interaction and LP staking across several dexs
- Has twitter activity scrubbed for mentions of MEME twitter handle, retweets, $MEME price talk, and DMs.
- sms history scrubbed against the MEME userbase for any interaction that may be deemed as project specific
