Name: Incentives for Community participation
Category: Governance, Treasury
Status: Draft
Scope: To gauge community’s sentiment on the incentives idea as a whole and, if sentiment is positive, define incentivized categories and other relevant details
Overview
There is one common problem that a lot of crypto projects and DAO’s share and that is low governance (and overall) participation by the community.
This RFC aims to see what the community thinks about the idea of incentivizing this activity and what areas exactly should be incentivized. And what these incentives should be.
Details
The discussed incentives will be allocated from the Community Fund and this RFC intentionally avoids any definitive opinions and numbers, because this should be discussed by the community as a whole and formed into a RIP that will be voted on at a later stage.
I think it’s important to show active community members a token of appreciation and two areas that I think can be incentivized in the beginning are graphics and quality governance proposals.
“Graphics” is a pretty vague definition and should be discussed, but I think anything ranging from Discord/TG stickers to serious infographics with eye-catching imagery (and accurate content!) fits this category.
As for incentivized proposals, that is self-explanatory, but with a couple of considerations. The process that I suggest is this:
- We require all RIPs to go through the RFC process first, if they want to be eligible for the full incentive (more on this below)
- If the majority of active REN community decides that the RFC is worthwhile (informal forum voting) - it gets approved for the RIP stage
- Once the RIP is written and submitted, author gets a small part of the incentive for the effort he put in and for the time spent
- RIP gets voted on and if it gets accepted - author gets a bigger part of the incentive
This process ensures that:
- Low-quality proposals get rejected during the RFC stage
- Quality authors are guaranteed, that their time spent writing a RIP will be compensated with a first part of the incentive. And if the RIP is deemed important enough to get approved, he gets a second, bigger part of the incentive for his contribution
The exact way that these payouts will be handled can be discussed now and finalized once the Community Fund is setup.
Next Steps / Discussion Guideline
First we should decide if we like the idea of community incentives in general. Then we should discuss the above mentioned details and discuss the size of possible incentives, as well as any other relevant thoughts that you might have.
After all this is talked through (and the community is in favor), I’ll write up a RIP that will be submitted for voting.