The GMC is looking for volunteers to evaluate submissions for the rETH Growth Incubator bounty! In Round 17, a bounty was proposed to replicate the success of the Rapid Research Incubator program (Rapid Research Incubation Begins!), but this time focused on driving demand for rETH. Over the next month, we’ll be inviting community members to submit their best ideas to help boost demand for Rocket Pool’s rETH token.
We are in need of five individuals to assess these ideas and determine their overall value. If selected, reviewers will be given a document to submit their scores and commentary. The GMC is reviewing a grant for compensation which proposes $1,000 for each reviewer. (Round 17 - GMC Call for Grant Applications - Deadline is October 7 - #3 by ShfRyn)
Procedure
An evaluation committee comprising a minimum of 3 members (preferably 5) will be appointed to assess the merit of each submission. The committee selection process will involve a combination of volunteers expressing their interest publicly and the GMC administrator reaching out for volunteers. The committee creation process is expected to last one week but can conclude at any time after the selection of 5 members. Members of the evaluation committee are ineligible for rewards from this specific bounty.
Each submission will be assessed on a scale of 1 to 5 in three categories: utility, innovativeness, and simplicity. The individual ratings in these categories will be summed to determine the overall score.
Utility
The practical value, applicability, and potential for driving rETH growth are essential in assessing a submission’s competitiveness against Lido’s staking options. Submissions should offer specific, actionable strategies to increase rETH demand, while demonstrating practicality and a strong potential for future success. High-impact proposals aligned with Rocket Pool’s technical infrastructure and DAO governance (pDAO) will be particularly valuable in promoting long-term growth.
Innovativeness
A submission is considered innovative if it introduces original and creative ideas aimed at driving rETH adoption. The evaluation will focus on how the submission presents new approaches to scaling rETH demand, breaking away from conventional methods and offering fresh perspectives, solutions, or strategies that could significantly differentiate Rocket Pool in the staking market.
Simplicity
The clarity of the concept, ease of communication, and feasibility of implementation are critical in evaluating submissions. Proposals that are easy to understand and execute, with minimal disruption to existing systems, will be prioritized. Simplicity ensures that research ideas can be swiftly implemented to deliver utility and help scale rETH demand efficiently. They will be graded on factors such as:
- Conversion to actionable items.
- Conversion to GMC bounty(s).
- Effective communication to the DAO for voting (if needed).
- Clear communication to the GMC or RP team for implementation.
- Successful implementation by the GMC or RP team.
Submit Suggestions For Implementation
An added improvement from last time, reviewers will be tasked with selecting 2 to 3 promising submissions and providing their own insights and suggestions for implementation.
Schedule
Following the submission deadline for ideas, reviewers will have two weeks to evaluate the submissions and provide their feedback. They will submit a sheet similar to this one (Rapid Research Review Scores - Google Sheets). It will follow the rubric outlined above.
Compensation
$1,000 per reviewer
This expects each reviewer to spend 10 hours reviewing the submissions.
This is based on the survey findings from the Rapid Research review, where reviewers reported separately:
- 8 hours reviewing
- 7 hours not including meetings
- 14 hours total ( ~10 hours reading all the submissions, asking questions, thinking about them, taking notes, 2 hours for meeting plus prep for meeting, 2 hours for scoring and making sure my scores were consistent across all submissions)
- 8.5 hours (5.5 hours summarizing, 3 hours grading)
Eligibility
Based on feedback from the community, GMC members are not excluded from volunteering to review or for submitting ideas.
No one is eligible to submit ideas AND review, unless they remove themselves from payment consideration.
During the Rapid Research program, both @langers and @kane volunteered. The GMC welcomes the team’s active involvement again this time, if they are available.
Apply
To apply, reply to this post, leaving a brief summary of why you are qualified. You may also reply with any questions.
). At ETH Denver I had some conversations with people who were excited to share ideas for growing rETH demand - but at the time, we were still completely bottlenecked by supply with no short term solutions in sight. The time is finally here!