Proposal for Dec/Jan Break Funding [last edited 12/6/21]
based on the miro workspace and discussions of it.
Part 1: A USDC Airdrop to cover expenses for active participants during our Dec/Jan Break.
Do a one-time airdrop distributing the following exact amounts of USDC, conditional on the recipients setting their payout address via the following instructions. These amounts were generated using this simulator on 12/6/21, with recipients less than $50 excluded. The airdrop will occur on Dec 13th and will come out of the $200k of bridge funding from PL that we negotiated ourself and that extends beyond what Dandelion requested to back Grain. This airdrop will not initially be accounted on the sourcecred instance ledger, but likely will be added retroactively after the break, based on decisions then.
The simulator distributed using Cred scores pm 12/6/21 with the following policy:
policyType: "IMMEDIATE",
budget: 70000,
numIntervalsLookback: 8
Airdrop Amounts
name | amount (USDC) |
---|---|
Thena | 11003.21 |
s-ben | 6403.62 |
Ryeder | 6098.23 |
ezrau | 5945.29 |
AL0YSI0US | 4929.35 |
Magey | 4904.20 |
amrro | 4600.31 |
saintmedusa | 4596.23 |
magwalk | 4466.43 |
topocount | 3553.91 |
benoxmo | 2837.96 |
hz | 2722.99 |
lbstrobbe | 1476.29 |
lotusleaf | 1020.08 |
Willow | 986.95 |
dentropy | 908.34 |
Marcie | 770.26 |
haroldiii | 619.16 |
Nav89 | 445.79 |
bsodenkamp | 376.78 |
Christian-Q | 208.38 |
shugo | 133.98 |
Randall | 87.21 |
Nxo | 80.64 |
finitechris | 73.14 |
sandpiper | 54.15 |
Instructions for opting in to this airdrop
Go to the #bot-commands channel in our Discord and type /setpayoutaddress
followed by the USDC-compatible address that you want the USDC to be distributed to. An example usage with an address would look like this:
/setpayoutaddress 0xf6Ce0526E8ee666441B7F5F0eBB78704f4C09746
You should see a confirmation afterwards that looks like:
Success!
New payout address: 0xf6Ce0526E8ee666441B7F5F0eBB78704f4C09746
Account: Thena
Chain Id: 1
Token Address: 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48
Part 2: A pause on Grain distributions with no limitations on redemptions
-
On Dec 13th, Grain distributions will be turned off in our instance. We will decide if/when/how we want to turn distributions back on after the break.
-
The previous $8k cap on grain redemptions will be lifted, allowing participants to redeem any/all of their Grain at a fixed redemption peg of $0.37 USDC. This peg is backed by the last $250,000 of funding originally requested from PL by Dandelion for the purpose of backing the Grain distributed and the distribution precedent set while Dandelion was Temporary Benevolent Dictator.
-
Grain sale requests should be submitted by December 13th in order to be processed in the last batch Grain sale before the break on December 14th. Requests submitted after December 13th will be attended to after we come back on January 18th.
-
Those who choose to continue holding their Grain can still anticipate a conversion to an on-chain $GRAIN token when the token is officially launched.
Part 3: Distributing funds/grain after the break
When we come back from the break we will decide how to move forward with distributions, but it is out-of-scope for this proposal. I optimistically believe we will have some awesome policy written and ready that we’ll be able to move on. If it seems like we will need another week after coming back to align on a strategy, this proposal includes a stop-gap of distributing a smaller week-sized USDC airdrop in the same proportions as the above.