Round 13 - Call For Grant Applications - Deadline is June 7

Grants / Bounties
,
3

Tokenomics Rework Grant (Core Contributors)

What is the work being proposed?

Rework Rocket Pool tokenomics using a GMC selected roster of specialists.

Is there any related work this builds off of?

I am submitting three applications this period:

Relevant Work

Benefit

Group Benefits
Potential rETH holders A tokenomics rework would make Rocket Pool marketable again. rETH would give users the best decentralized option.
rETH holders The tokenomics goal is to ensure all offerings are competitive with other staking providers, including rETH.
Potential NOs A lot of node operators are turned off by the high RPL requirements. There are many ideas that could allow little to no RPL exposure.
NOs Tokenomics will lead to higher APR and much more options.
Community Community sentiment is very low, tokenomics is one of the only hopeful items left for some. The GMC backing these efforts is essential.
RPL holders All of the above benefits will lead to a higher RPL price.

Which other non-RPL protocols, DAOs, projects, or individuals, would stand to benefit from this grant?

None

Work

Who is doing the work?

A preset roster chosen by the GMC. By identifying the core contributors from the start, the GMC can ensure the project progresses quickly. Even though new members can join later, onboarding them may be challenging, making it crucial to begin with a strong initial team.

My proposed list of core contributors:

  • Valdorff
  • samus
  • knoshua
  • sckuzzle
  • LFW

More core contributors can be added by a majority vote of current core contributors.

Core contributors are not eligible for double dipping in other grants related to tokenomics unless explicitly specified.

What is the background of the person(s) doing the work? What experience do they have with such projects in the past?

This list was selected based on the people primarily doing the work now, and have experience in the field.

What is the breakdown of the proposed work, in terms of milestones and/or deadlines?

Current Deployment Plan

Milestone A - Saturn 1 Upgrades
Implement all of the following minus any the community determines are no longer feasible:

Milestone B - Saturn 2 Upgrades
Implement all of the following minus any the community determines are no longer feasible:

Costs

What is the acceptance criteria?

Successfully ratified RPIPs.

What is the proposed payment schedule for the grant? How much USD $ and over what period of time is the applicant requesting?

$75,000 upon completion of Milestone A
$75,000 upon completion of Milestone B

At the culmination of the project, core contributors will stack rank* each other to determine compensation.

  • Valve, New Employee Handbook (page 27)

Stack Rank Image 1
Stack Rank Image 1792×522 89.5 KB

Stack Rank Image 2
Stack Rank Image 2792×522 93.1 KB

Is the applicant requesting RPL or LUSD?

RPL

How will the GMC verify that the work delivered matches the proposed cadence?

Completing the project and getting these new changes approved by the DAO inherently requires frequent reviews and continuous iterations.

What alternatives or options have been considered in order to save costs for the proposed project?

Volunteers are currently working on the project without compensation. Introducing financial incentives at this stage could significantly boost motivation and encourage greater time investment in the project.

Conflict of Interest

Does the person or persons proposing the grant have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if any member of the GMC would benefit directly financially from the grant).

I am the GMC administrator. I exclude myself from any compensation for tokenomics reworks.