teleo-codex/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md

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type title author url date domain format status tags event_type
source Futardio: Establish Development Fund? futard.io https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U 2024-12-05 internet-finance data unprocessed
futardio
metadao
futarchy
solana
governance
proposal

Proposal Details

Summary

🎯 Key Points

Establish a Development Fund through a 4.2% emissions allocation to support protocol development, reward community contributions, and enable marketing initiatives for the $COAL ecosystem.

📊 Impact Analysis

👥 Stakeholder Impact

This proposal provides a structured funding mechanism that benefits community members and developers by rewarding contributions and fostering innovation.

📈 Upside Potential

The fund has the potential to enhance project sustainability and growth, leading to a more robust $COAL ecosystem.

📉 Risk Factors

Implementing the fund may dilute mining rewards and could create tension among miners if perceived as reducing their share of emissions.

Content

Overview

Since its fair launch in August 2024, $COAL has been a community-driven project with no pre-mine or team allocation. While this approach has ensured a fair start, it limits our ability to scale the project and reward community contributions.

To ensure the long-term sustainability of the project, we propose establishing a Development Fund through a 4.2% emissions allocation.

This fund will:

  • Support on-going protocol development and innovation
  • Reward community-driven initiatives and contributions
  • Enable marketing and growth initiatives to expand the $COAL ecosystem

Details

The emissions allocation will be 4.2% of the current mining emission rate:

11,250 * 0.042 = 472.5 (development allocation per day)

To avoid reducing mining rewards, this allocation will result in a 4.2% increase in total supply growth. However, future emission rate adjustments will integrate this allocation into the base rate.

The development allocation will be claimed weekly and transferred to a DAO-managed multisig wallet. All expenditures from this fund will be tracked and shared publicly to ensure transparency and accountability.

Example for Future Adjustments:

If the emission rate were adjusted to 10,000 $COAL/day:

  • Mining rewards: 9,580 $COAL/day
  • Development allocation: 420 $COAL/day

Raw Data

  • Proposal account: DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
  • Proposal number: 2
  • DAO account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
  • Proposer: AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
  • Autocrat version: 0.3
  • Completed: 2024-12-08
  • Ended: 2024-12-08