Tokenomics Rework Grant (Other Contributors)
What is the work being proposed?
Rework Rocket Pool tokenomics using members of the community. (The content of this application is very similar to Tokenomics Rework Grant (Core Contributors), with the main distinction being the logistics of compensation.
Is there any related work this builds off of?
I am submitting three applications this period:
- Tokenomics Rework Retro
- Tokenomics Rework Grant (Core Contributors)
- Tokenomics Rework Grant (Other Contributors)
Relevant Work
- Tokenomics Discord Thread
- rpl.rehab (List of RPIPs)
- “Denver Lift Off” event by Valdorff and Samus
- Sheet containing notes, feedback, and TODOs
- Current Deployment Plan
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?
Anyone outside of the core contributor list proposed. This allows anyone from the community to join and be compensated for their contributions.
What is the breakdown of the proposed work, in terms of milestones and/or deadlines?
Milestone A - Saturn 1 Upgrades
Implement all of the following minus any the community determines are no longer feasible:
- RPIP-43: Megapools
- Including ETH-only validators.
- RPIP-42: Bond curves
- Framework
- 4ETH minimum bond
- RPIP-46: Universal Adjustable Revenue Split
- All but heuristic adjustments.
- RPL Value Capture - RPL Burn / RPL Buy & LP / Increased share to voting Node Operators.
- RPIP-47: Forced delegate upgrades
Milestone B - Saturn 2 Upgrades
Implement all of the following minus any the community determines are no longer feasible:
- RPIP-42: Bond curves
- 1.5ETH minimum bond.
- RPIP-44: Forced exits
- RPIP-46: Universal Adjustable Revenue Split
- Heuristic adjustments.
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?
$100,000 total maximum
$50,000 maximum upon completion of Milestone A
$50,000 maximum upon completion of Milestone B
There will be preset tiers of compensation determined by GMC.
- Tier 1: $4k
- Tier 2: $2,000
- Tier 3: $1,000
- Tier 4: $500
- Tier 5: $100
Contributor tier placement will be determined by a combination of Rocket Scrape data and private feedback surveys from core contributors.
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.