As I’ve contributed to the draft, I generally support the proposal, hoping it will increase the number of delegates and participation in the DAO.
There’s a couple of points I would like to emphasize:
To limit the financial risk for the DAO, the payout needs to be approved via proposal every quarter, meaning with approving this proposal, in April we would publish a follow-up proposal with the $31,5k for the first quarter of this year. Upon establishing the program, we could change this to a longer timeframe, ensuring continuity for delegates.
With every quarter, DAOspace will prepare a report on the mentioned KPIs, so we can monitor whether the incentive program actually drives delegate activity.
Besides voting and being active in the forum, we’ve chosen passing proposals as a third factor and valuing it with the most points. This should ensure, that the DAO is rewarding initiative even more than (passive) participation.
@coffee-crusher Thanks for the feedback! We had a long discussion about how to measure forum activity. As we were trying to keep it simple, we decided in the end to just integrate the delegate thread, meaning for every tally vote, there should to be a voting rationale. I do think that technically counts independently, doesn’t really make sense to post a rationale without voting, though.
@Jaf About your suggestion to start with Q2. We thought it’s generally more straightforward, if we start with a full year, the rewards are retroactive in any case. The delegate thread can be completed until the end of the quarter. Happy to hear other thoughts on this, though.
@sohobiit Thanks for your questions. The quarterly approval should limit the risk for the budget and the price impact. Then is also time to rethink the evaluation criteria or adapt the program in general.
The three criteria were chosen after reviewing other delegate incentive programs and our general motto to keep it simple (analysing the quality of forum posts or interaction on social media is more challenging). DAOspace already had some ideas on that, though, that we could incorporate later.
The threshold of 2k RARI was defined to include a meaningful share of delegates (also the delegate program participants) while reflecting the necessary voting power. This is much less strict than in other DAOs, i.e. nearly all active delegates at the moment should be included there.
So your idea of increasing the number of active delegates is to limit the incentive to the delagates cohorts already active and presumably already received incentives?
Briefly: I’m a self-funded delegate who locked my RARI for 2 years.
My motivation for locking RARI was due to my support and loyalty to Rarible coming from the spamart and trashart movements.
I’ve received zero incentives for my involvement and my participation has been minimal - but I’ve been watching and reading closely.
Why haven’t I been active?
minimal veRARI: at times it seemed pointless voting.
I plan to encourage other smaller holders to either be active or delegate.
Rari dao participation is spead out across several sites.
Also wallet log in would be simpler.
Life is busy - I forget.
Twitter has always been the life-blood of crypto. Being more active here, especially when a vote is due to close, may be helpful.
The main issue I see with this proposal is the retrospective application.
Already the first quarter is almost done which makes the motivation for the proposal redundant - $31,500 for nothing - no incentive at all. Run it for 3 quarters or begin the program from the 2nd quarter to let the incentive take effect.
I know I’ve had my RARI unlocked but still in contract since November but despite repeatedly asking, re: lock on RARI chain or ETH, I’ve received no definitive answer. So I guess I couldn’t particpate evenn if I wanted to. This is also another reason to not run the incentive program retrospectively - there are other potentially active delegates in this limbo right now.
This proposal is strongly supported by me due to its well-structured approach to enhancing DAO governance.
The implementation of a clear incentive system that prioritizes quality contributions over sheer volume is a significant step forward.
The emphasis on rewarding thoughtful engagement, particularly through rationale threads and meaningful forum activity, demonstrates a commitment to fostering a higher standard of discourse.
gm @CRYPTOCHILD! Thank you for commenting on this discussion, introducing yourself, and being a long-time supporter of RARI and Rarible! I’m Addie, the community lead, for RARI and you can always come to me for questions about the DAO and RARI. My telegram and discord handles are the same - @addigator.
Responding to a few of your points below in case the details are helpful, and would be happy to meet with you sometime to learn more about your background, start with RARI/Rarible, and ways to get more involved, or just have an intro chat. Note, I will not be commenting on the proposal since that was submitted by delegates.
This is great! Every vote counts. Also, the DAO is in the middle of an upgrade per RRC-30 and RRC-34 that have both been executed on Tally. These proposals cover dropping the veRARI model and simplifying the $RARI token experience (RRC-30), while enhancing the DAO via staking to improve governance participation (RRC-34). Let me know if you have any questions about these two proposals. There may be a few more proposals before the upgrade is complete and is live, particularly around staking incentives for delegators and delegates, so stay tuned!
The Foundation and DAO are actively working towards streamlining the RARI DAO experience for all token holders. Until all the upgrades mentioned above are complete and live, I will list the main sites to engage with for now, plus some other DAO resources.
Sites
How to lock your $RARI and get veRARI:RARI Foundation. This will change after the upgrades are in place and there will be detailed instructions for all token holders so please stay tuned!
Vote or delegate: Once veRARI is obtained, you can choose to vote on Tally proposals with the tokens, or delegate via Tally to a RARI DAO delegate listed here: Tally | Rari DAO | Delegates. The veRARI model will be dropped eventually with the upgrades, but is still in place for now. Additional resources will be available for how to vote and/or delegate as the upgrades are closer to going live.
Direct voting: Should you choose to vote directly with veRARI rather than delegate, the best way to stay informed of DAO discussions is checking the forum for offchain discussions, and Tally for proposals that move to onchain voting.
Resources
RARI DAO Resources. This includes the sites linked above, plus some other channels and resources.
RARI DAO knowledge base. Your go-to guide for navigating RARI DAO. This is linked on the RARI DAO Resources page shared above.
Absolutely agree with you! Being more active on Twitter has been a focus on the Foundation for 2025.
Earlier this year, the Foundation introduced a monthly twitter space series dedicated to RARI Roundups to help the community stay informed. RSVP to the spaces if you can join Wednesday, March 19 @ 10am ET / 2pm UTC. Otherwise, a recording will be shared. Here is the recording from the first spaces in February.
The RARI Foundation account on twitter is best to keep up with RARI Foundation and DAO news. The account has been posting more governance activity since January, though always happy to take in feedback from the community! The posts are mainly roundups that cover all ongoing governance activity, rather than singling out any one proposal.
Check out the Keeping updated section of the RARI DAO knowledge base for how to subscribe to forum and Tally notifications to stay informed of RARI DAO happenings. There is more info on how to navigate RARI DAO in the rest of the document as well.
I aim to post RARI Highlights on a weekly basis, but depending on conferences or travel, they are sometimes semi-regular. These highlights cover what’s happening across the RARI ecosystem. The latest post can be found here, and you can always search “highlights” in the top right of the forum homepage search feature to see all highlight posts.
If you have time and are available, the Foundation hosts monthly community calls that are open for all to attend - RSVP on discord. The community call slide decks are also published in the highlights if you cannot attend the live call.
Right now the only place to lock RARI is on ETH here: RARI Foundation. Do you remember where you have been asking? Apologies if anything was overlooked! I searched the Foundation community discord server and telegram, but didn’t see anything. Perhaps in twitter DMs or comments? You also have my direct contact info now, so please don’t hesitate to reach out with any other questions about RARI DAO!
Also, would still love to meet with you 1x1 for intros, so please reach out with some times that work for your schedule.
Thank you for sharing your feedback, comments, and insights. Look forward to collaborating more!
I do support how points can be gained by passing a proposal vs. just submitting a proposal on Discourse. This will incentivize the author(s) to submit proposals that align with the DAOs and Foundations goals, and not trying to gain the system of just submitting proposal for the purpose of points farming.
I genuinely appreciate how this proposal keeps it simple on earning points, while at the same time, starting the monitoring of rewards from Q1, is a good starting point.
With it starting retroactively, you’ll get a good baseline of delegates who have been active during this period without any incentives, and also meets your KPI of mapping your number of active voters, governance discussions and proposals, which should increase in Q2, and going forward.
Thanks, @bitblondy, that makes total sense. I really like the simplicity of this proposal, and also, I didn’t catch it when I first read it (and you mentioned it in your comments below) that this is a quarterly renewal-able proposal.
I think this is great way do it, since it allows the team to adjust the proposal if something is not working as intended, and at the same time, it reduces the risk to the treasury with a quarterly approach.
Thanks @coffee-crusher for your positive feedback. The downside is the shorter continuity for delegates, but for the first quarters we should have the option to reiterate on the process if necessary.
@CRYPTOCHILD Thanks for your comment. Yes, for the first (retroactive) quarter, the draft favours delegates that have already been active without incentives. While this does not have an effect on previous engagement, as @coffee-crusher mentiones, it provides a baseline to measure the effects in the coming quarters. Open to hearing more thoughts on this.
GM everyone, thank you for all the positive feedback on the proposal. I think we have had sufficient time to discuss and digest this proposal, and we will be working on getting it published on the RARI DAO Tally this week.
Just a couple of reminders:
The first version of this proposal will have no cost, and will simply act as a signaling mechanism and ratification for the first year of Delegate Incentives (distributed quarterly).
Any interested delegates should create their voting rationale threads by the end of this quarter (March 31st, 2025), to be eligible for Q1 incentives. Examples of Delegate Threads → (DAOplomats Delegate Thread, StableLab Delegate Thread)
This looks great, @Sixty and I’m looking forward to it going up on Tally. Thanks also for the reminder with the deadline for creating a delegate thread.
I’ve been watching RARI from the outside for a while and have been interested in becoming more active in the governance and community (and I’m finally doing so yay). I support this proposal since it creates a strong incentive for people like me to start participating actively.
That said, as others have mentioned in previous comments, this should be open to any applicant rather than being retroactive. Opening it up would encourage new people to engage with RARI Governance. I understand that this may seem unfair to those who have already contributed in previous months, but perhaps they could receive an extra incentive (like X amount of points for being active before the program started). That way, we can reward past contributors while also encouraging new participation.
Hey San, thank you so much for the comment and contributing to RARI! Would love to have a call with you to get to know you better and see how we can help plug you into the community DM’d you to find a time to connect
Hey @san, this will be open to any applicant since you can start participating in the next quarter and be eligible for incentives. The program is intended to run through to the end of 2025, and incentives will be distributed for participation in each quarter.
@bitblondy , as I was posting my delegate thread on the Forum, I realized that should have asked you to clarify regarding what is being measured as the qualification dates for the first quarter of the incentive program, and therefore, all future quarters.
Specifically, is the proposal date measured by using the “voting period start date” or the “end voting period date” for voting participation? And that delegate activities for Q1 would measure for the following proposals: RRC-37 - RRC-40.
I am in support of this proposal but I will be highlighting a few things as voting is already live on Tally.
Please, this link takes us to Tally and not the eligible delegates.
Also, if we are using the 2k veRARI as an eligibility criterion, even the 15 recognized delegates from the current cohort won’t qualify for the initial set of rewards. This is because of the decay factor. All 15 delegates currently have <2k veRARI.
So, upon passing, would this then start with the next cohort of delegates?
@coffee-crusher that’s a good question, we didn’t clarify that in the proposal. We could measure, when an individual delegate voted. It probably does make more sense operationally, though, when one proposal gets assigned a certain quarter. @Sixty What do you think from an operational perspective?
Thanks, @WinVerse, for your comment. We indeed didn’t account for the decay in veRARI voting power. Tally is not displaying the current voting power correctly, as it seems.
As far as I see, the decay for the participants of the current delegate launchpad cohort started in February, so only this (most recent) proposal would be affected.
It would be an option, to make an amendment in the upcoming rewards proposal for Q1. However, I’m not sure about future proposals.
It depends on the launch date of the next delegate cohort, and more importantly, the governance migration. @addie Do you might have an update from foundation on these two aspects?
Thanks, @bitblondy and @Sixty for your help. The reason why I’m asking, is when I looked at RRC-36, the voting period started for that proposal on Dec 26th and ended on Jan 3rd. I wondered if there were a future proposal that had similar start and end voting dates (i.e. that started and ended in different quarters) what quarter would that proposal be considered for delegate incentives?
Fixed the link ser, should take you to the delegates page now. Initially, we based the criteria on the veRARI on the delegate page linked, so we will discuss and figure out the best way forward.
DM’d you to find a time to connect