That was quite insightful…thx for the link. In the spirit of keeping with Andre’s ‘offline vs onchain strategies’ thinking…we could just focus exclusively on on-chain communities…kind of like a ‘VC for DAOs’. If we look around us there is a ton of problems that need to be addressed using decentralized solutions and there is a ton of dev talent in the defi space.
Just like Andre mentioned, most good developers just want to focus on their development work and not be bothered with community building and attracting capital etc…We could attract other such developers who have cool ideas that are addressing current pain points and launch them through the yearn community’s backing(ofcourse we could work with other established defi protocols as well to support a combined defi community launch…)
It solves the issue of attracting liquidity and community building for the developer and our community gets to launch cool much-needed products…win win…
We could come up with a vetting process…like a simple web page where developers can submit their proposals for community consideration.
Then a committee will evaluate and choose the ideas on a fair evaluation process…(this could happen either behind the scenes through a small selection community or on an open forum where the community as a whole debates and votes on different ideas…think similar to ‘product hunt’…or a combination of the two)
We could come up with a set of requirements like…the dev should have their system already deployed and working as a prototype such that the community can evaluate it? (may be they also should submit an audit report for their system?) - this would help weed out people who are not serious…
Once a project is selected then we can help them plan a big launch for their product…
This process will also help improve the security of yearn ecosystem…preventing episodes like what happened recently with YAM. Making sure these new projects are vetted before they request YFI and other defi project tokens for liquidity farming…the increased safety will be healthy for the whole ecosystem.
I know that the current state of the space is like the wild west…but if we implement some of these processes/guard rails…im sure we can bring some order to this chaos and improve the safety for the whole space… while providing a platform for talented devs from around the world to launch their products…its like hitting 3 birds with one stone.
I’m excited by the possibilities