Authors:
@SeaSaltyFunk @0xSato @ChainsightLabs
with special thanks to @PEPO for collaboration & partnership in preparing this proposal
Summary:
A formal proposal to establish Community Managed aspects of the Keep3r network, in support of the core team & multisig.
Note, this proposal formalizes & supports previous discussions ‘Implementation of Coordinape for Keep3r’ which passed a community poll with 90% approval & ‘Job Scouters & Strategists Incentives’ which passed a community poll with 96% approval
Status:
In Discussion:
To be revised, updated 4th May 22 (see here)
Proposal Withdrawn, updated 9th May 22 - Revised Proposal available here
This proposal seeks to gain approval from the community to stand up, establish & empower a community-led team with an initial scope as defined below. After an initial period of 6-months, a formalization of continuation will be sought from the wider community.
This proposal recommends following the governance process as outlined in Yearn’s YIP-55 in the absence of a formally documented or precedent established process within the keep3r network community
Abstract:
If adopted, this proposal seeks to;
- Staff a community management team made up of existing & contributing members of the KP3R community
- Reopen official communications channels (Discord & Telegram)
- Delegate certain powers to the community team, with an immediate focus on; growth opportunities for both the Keep3r network & Fixed Forex, creation of new official content in support of growth opportunities & community management, and formalization of new community member selection & onboarding
- Establish an initial budget to compensate community member contributions &/or to commission bounties for required one-time contributions from non-community members
- Ensure an obligation for an ongoing method of liaison between the multisig & the community management team
Motivation:
Recent changes in multisig members and the departure of previous core team members have left Keep3r without clear channels of communication or a line of dialogue with the community of token holders & protocol users.
Whilst the new core team focuses on setup & onboarding, a community-led & managed group can help immediately bridge these gaps whilst also supplementing the core team & multisig in promoting the keep3r governed protocols, supporting growth and relations with the community (inclusive of KP3R token holders & protocol users)
This will serve as a pilot program that if successful may lead to further authority and responsibilities being proposed for delegation to community-managed groups TBD in the future through approval of further proposal approvals.
Specification:
Initial team members
Initial community management team will be staffed by authors, with additional needs & roles identified & formalized over time
Introducing community management team
- Chainsight is a former keep3r network keeper & the creator of the popular Fixed Forex dune analytics page
- 0xSato is a long term KP3R supporter & prominent existing community member with a 3.8k Twitter following, having previously written the “unofficial FAQ”
- SeaSaltyFunk is a KP3R enthusiast, having authored the “exploring the tokenomics of the KP3R token” medium article & created the initial proposal for the implementation of community member contributions. Also serving as a current moderator of the unofficial KP3R social telegram group
Adding additional community management team members
Forum & Discord channels will be used to promote the need for new roles, allow for nominations of new members & allow for interested individuals to express interest in participation
Initial scope
- Moderation & management of official comms channels
- Setup & moderation of additional community management tools (i.e. Dework & Coordinape)
- Creation of new content to support Fixed Forex users
- Support keep3r network & Fixed Forex growth opportunities & partnerships
- Formalize governance processes, including management direct hands-on management of forum & snapshot processes
- Screen & Onboard new community management team members
- Act as liaison between users/community & core team/multisig (with support of Defi Wonderland team)
- Work towards ensuring CEX & other token listing sites information held on KP3R token is correct
Example responsibilities & tasks to be managed
- Management of official Discord channel, including recruitment of additional moderators
- Management of official Telegram channel, including recruitment of additional moderators
- Act as authors for any new proposals at the Keep3r network snapshot
- Official publication of KP3R governed protocols medium articles, following approval of the multisig team, including; Why Protocols should use Keep3r network, Why working as a keep3r in the keep3r network could be for you, fee-generating activities & allocation to vKP3R, Overview of ibAMM, What differentiates ib stables from other stablecoins, guide on how to participate in forum & DAO, etc.
- Creation & upkeep of Fixed Forex user documentation (for example, how to vest, how to redeem options, how to borrow using integrated Iron Bank features, how to use ibAMM, etc.), including seeking approval for sign-off by multisig team
- Commission / create video guides for Fixed Forex protocol users
- Formalization of governance processes, seeking approval of the broader community
- Supporting the growth of keep3r network protocol through;
- Protocol enrolment of new Jobs in the keep3r network
- Support migration of existing keep3r network jobs from v1 to v2.2
- Supporting the growth of Fixed Forex protocol through;
- Seeking official protocol partnerships for Fixed Forex
- Ensure the creation of an official domain address book (i.e. official protocol emails) to work with CEX & other listing sites, or entities to ensure correct information held on the KP3R token
Obligations of the multisig team
Should this proposal be successful in establishing a community-managed team via the governance process outlined then the multisig would also inherit an obligation to work in good faith to establish a successful method of ongoing lines of communication & liaison with the community management team
An immediate & prioritized task would be to share official communication with the broader community establishing clarity in ways of working & ongoing responsibilities between these two groups
Obligations of the community management team
The community management team will ensure that actions & tasks are managed to completion with the best interests of the token holders & protocol users maintained at all times
Initial Funding/Budget
We are requesting an initial allocation of funding at a value of 50 KP3R per month with several options available for distribution, benefits of each option are highlighted below;
- Funds allocated equivalent to 50 KP3R per month, distributed in stablecoin based on the market value of 50 KP3R TWAP for the previous period, ensuring budget scales with a market value of KP3R
- Funds allocated at 50 KP3R per month, distributed in unlocked KP3R tokens
- Funds allocated at 50 KP3R per month, with distribution at 15 KP3R unlocked + 35 4-year vested KP3R, ensuring the team has long term incentive to perform for the benefit of the protocols whilst retaining the flexibility to commission immediate needs
Total funds will be distributed between the team members based on contribution or to commission external bounties. Fund allocation is to be reviewed at the conclusion of the initial 6 month period & any increase
Tools to be utilized
- Official Discord Channel (communication with protocol users)
- Official Telegram Channel (communication with protocol users)
- Establish Official Medium Publications (materials to support growth & raise protocol user awareness)
- Snapshot (to complete the formal community voting ratification)
- Dework (to nominate, prioritize, assign & sign-off tasks)
- Coordinape (reward distribution)
What happens at end of the initial 6-month pilot period?
At the end of the initial 6-month period, a further poll will be held seeking feedback from the community to solicit sentiment on a continuation of the program, adjustments & the perceived success of actions taken in relation to
TL;DR
- Restore/Reopen official communications channels for keep3r protocols on Telegram & Discord with a new moderator team
- Establish a community management team with additional scope to support the keep3r protocols (as outlined above)
- Establish ways of working & responsibilities between the multisig & the community management team
- Secure funding for the community management team for an initial period of 6 months at a cost of 50 KP3R per month (based on one of the above options being approved)
Poll
A poll is included to gauge sentiment for this proposal & must achieve a greater than 30% level of support in order to move forward for snapshot voting by qualified token holders
Poll is open now and will continue for a minimum of 3 days is allowed for discussion of this suggested proposal. Note, users may change any votes already placed during the discussion period should sentiment change based on the nature of the debate
Please also note, the results of the poll are not considered binding & must be ratified by further governance stages as outlined in the ‘governance’ sections below
Finally, to be clear the intent is to establish a 30% level of support for this proposal overall (i.e. if 10% of votes are gathered in the poll each in support of the proposal but distributed across each of the three funding options then this will be considered equal to a total level of 30% support)
- I support this proposal & agree with option 1 for funding (equivalent to 50 KP3R per month) distributed in stablecoin
- I support this proposal & agree with option 2 for funding (of 50 KP3R per month) distributed in unlocked KP3R
- I support this proposal & agree with option 3 for funding (with a total of 50 KP3R per month) distributed with partial unlocked & partially 4 years vested KP3R
- I do not support this proposal
0 voters
2022-04-26T17:30:00Z→2022-04-29T17:30:00Z
Governance: Discussion
This suggested proposal is now open for discussion by the community, with community members encouraged to share thoughts, challenges or amends to proposal in the comments section below. If further clarifications on this proposal are required then the discussion phase may be extended for a time in order to make suitable adjustments to the proposal
Governance: Voting
Once polling closes, if a 30% threshold of positive sentiment has been achieved then this proposal will be progressed to formal submission for voting on the Keep3r network snapshot
Any vKP3R token holder can join & vote on the snapshot page, voting will be open for 5 days. Snapshot vote must exceed a 50% threshold to be considered binding
Governance: Execution & Conclusion
The Keep3r multisig will ensure execution & allocation of funds from treasury upon completion of polling & snapshot voting phases if this proposal meets community approval.