Hey Jaf -
So, I’ve reduced the scope of the proposal, to make it as small as possible, while still qualifying for the OP Contest, cause I think that’s a powerful grant match // LP DAO Subsidy.
To respond in sequence:
- Time
It is a short time period, and we would need immediate action to execute. That being said, I’ve been around and expressed this idea for a few weeks already, and had around 3-4 calls discussing these ideas.
I know that LP is a solution we need to solve for if we want a robust grant program, and I know that the Moloch LP DAO needs to take place on an L2, because of transaction costs.
So, for me, it comes down to incentives | grant matching opportunities.
I don’t see a better near future L2 Grant opportunity than this OP Art contest, for generating a bunch of capital for the LP DAO. And, if it works – which is not certain – we could see between 90k and 40k worth of Farmable OP entering into this LP DAO Treasury. Those assets would build veVELO position over time, and we could use that time to come up with more sophisticated projects to try out.
- The RARI <> OP Bridge has a tutorial:
https://github.com/ethereum-optimism/optimism-tutorial/tree/main/standard-bridge-standard-token
There are funds allocated in the Grant to RARI Engineers, and I’m told that if there is a clear action for them to take care of, they can manage it. I’ve updated my proposal to no longer need a NFT Bridge – this is strictly a ERC20 Whitelist, using standard OP Bridge.
- Collectors:
The collection only has 69 pieces. So, there will not need to be many collectors. I have also included in the grant some Marketing Funds, so that RARI can do a small outreach about the project between Dec 13th and Dec 20th.
I will also do a small outreach to the groups mentioned above.
The OP Contest itself will also carry some weight here, because there are ~32 Judges for the OP Contest, and each of them is a famous CT Influencer or personality. The AI Art collection Judges includes pplpleasr and loomdart, and others.
So, if the collection is solid, and Rarible is onboard, and the Moloch RDF is ready to go – then, I think people will see the value of the collection, and I think that the Judges will see the novelty of the project.
- Small Customization to OG Collectors Contract.
I have removed the OG Collectors Contract idea from the project.
The original idea here was to bridge those NFTs and then include them in the governance DAO - but that idea has been removed. It is something that we can re-examine later, if this current project moves forward. I just felt it was unnecessary.
Also, there is no customization of that contract – it was a bridging, and including that contract in Moloch RDF, so that the Moloch RDF could allow multiple OG Collectors contracts to participate in a governance claim process.
AKA – If you have one of the OG Collectors contract NFTs, you could bridge it to Optimism, and then use the Moloch RDF Claim app to claim a 6551 smart wallet with a Moloch Governance share in it.
The idea used the OG Collectors contracts, but did not modify them.
But, now I have cut that entire idea from the proposal for simplification reasons, and speed.
- Coordinating with 10 Artists for the collection:
Not happening either – this is just my art, which I am already working on. The collection will just by my art, and will be 69 pieces, and will be released on Manifold, cause that is one of the pre-conditions for qualifying for the Contest.
- Rarible not being Included in the “We Love the Art” Contest
We can’t always be the stars of the show. However, I believe Rarible funded Manifold, and I know there is a Rarible Storefront integration into Manifold. So, that will have to do, if the delegates and yourself decide to move forward with this proposal.
I am looking at this from a pragmatic angle, and also a self-interested angle.
I have an opportunity to submit an art collection that I’ve already been working on, to a contest, to get a bunch of capital, and use it to support an LP DAO.
We have been in conversations about how an LP DAO may benefit RARI, and that there could be a grant matching opportunity here.
My proposal update, is basically an offer to bridge those two ideas, so that my submission to this contest is done on behalf of the RARI LP DAO idea – as a test, or proof of concept.
If we are able to succeed, then, I think that what we end up getting is a demonstration of how these LP DAOs are structured, as well as measurably deepened liquidity for the RARI/wETH LP.
I think that this depth of liquidity improves the ability for the grant program to function - and then, we can worry about integrating more of RARI protocol into Optimism, or maybe using some of the new RARI grant funds to continue to help support the use of Manifold | Rarible Storefronts to do more collections like this.
.:.
Those are my thoughts. I am going to focus pretty much exclusively on making that art collection solid in time for the Submission deadline, and I already have approval from Moloch RDF for that collection.
So, what is needed is:
- We need an OP Gnosis Multisig for Delegates, which can be converted into a Moloch DAO.
- We need a standard ERC20 whitelisting for RARI on the OP Bridge.
- We need grant funding to direct RARI into that treasury, and to pay for the artwork and marketing and moloch RDF deployment.
- We need the artwork to be completed.
- We need some marketing materials to explain the vision to the Judges, and the groups mentioned above.
At that point, we need to have a sale from this multi-sig between Dec 13 and Dec 20.
And IF this works out, then, we hope to sell the 69 paintings during that time period, and then receive the OP Contest rewards directly into the treasury – which at that time, will be a Moloch LP DAO, governed by the NFTs in that collection.
The Iffy part, imo, is not really the execution before the deadline, but the lack of certainty that if we go to this trouble, that there will be an OP Contest Reward at the end of it.
I personally don’t have anything to lose, and a lot to gain by trying – so this grant is like me saying “Here’s a cool idea, if you help support it, we can make it your idea, and let’s see if it works.”
Thank you for reading, and I understand if you’re not interested.
The Art” Contest"
