This is a signal request to compensate users in the Kolibri Community for their time and contributions to building the community and decentralized presence for the protocol.
Background
The Kolibri protocol charges an interest fee on loans of kUSD. When users repay this fee, it is directed to a Developer Fund and a Stability Fund. The Stability Fund is used to act as a liquidator of last resort to stabilize the protocol in a black swan event. The Developer Fund is meant to be used as a public good to incentivize contributions to the ecosystem.
A number of community members regularly support, build on and interact with Kolibri. These members moderate the Discord, maintain social media presences, and help run price oracles.
As of today, none of these members have been compensated in any way for their time and contributions. However, the Developer Fund is made explicitly for this purpose. This signal requests is meant to determine if we should compensate them and how much.
Proposed Users to Compensate
We propose to compensate the following individuals (named by their Discord usernames) for their contributions and time:
-
Active Moderators - 8 Members
Fenna.tez, chas, Oyster, Crypt0nio, Primate, yoursoulismine and Felixls -
Users who run Harbinger Price Oracle Posters -1 Discord User
yoursoulismine -
Users who run our social media presence - 3 Members:
chas (Twitter), nananana_matman (Reddit), and Primate (Discord and Telegram bridges) - Additionally, reimburse chas 120 kUSD to cover the their of pocket costs of a Buffer subscription to manage our Twitter presence
Note: No members of Hover labs are compensated as part of this proposal.
If you think you are eligible for compensation under the terms of this proposal and not listed above, please feel free to comment on this post.
Additionally, if you’d like to become more involved in the Kolbiri protocol, please reach out on Discord - we’d love to help you become an active part of the community .
Funds Available
As of this writing, the Developer Fund has 21.7k kUSD available. Additional protocol interest is split 90/10 between the Stability Fund and the Developer Fund [1]. There are currently 6.5M kUSD in existence, at an interest rate of 21.5%. This means that if all things stay constant, the Developer Fund should accrue roughly 139k kUSD annually [2].
This payment is a retroactive reimbursement for work carried out. If successful, it is likely that a second signal request will be put forth to provide a regular, revokable, monthly stipend for active contributors.
Signal Request
Moderators
The moderator team has been active since March 2021 (though some moderators have been in the role longer than others). We exclude moderators who have not posted a message in two months.
Compensate moderators the following amount:
- 100 kUSD
- 250 kUSD
- 300 kUSD
- 500 kUSD
- 1,000 kUSD
- Do not compensate moderators
- Other (Leave a comment on this thread)
0 voters
Harbinger Posters
A community member has been posting Harbinger updates since February 2021 and has incurred roughly 356 XTZ in fees for doing so.
Compensate Harbinger Posters the Following Amount:
- 100 kUSD
- 250 kUSD
- 300 kUSD
- 500 kUSD
- 1,000 kUSD
- Do not compensate moderators
- Other (Leave a comment on this thread)
0 voters
Social Media
Users have hosted social media presences on Reddit since July 2021, Twitter since September 2021. We’ve had bridged Discord servers since August 2021 and Bridges to Telegram since October 2021.
Compensate Social Media Administrators the Following Amount:
- 100 kUSD
- 250 kUSD
- 300 kUSD
- 500 kUSD
- 1,000 kUSD
- Do not compensate moderators
- Other (Leave a comment on this thread)
0 voters
[1] Note that this split is adjustable by a governance proposal
[2] Note that the amount of kUSD in existence fluctuates with user behavior and the stability fee can be changed via governance (and has been adjusted in the past!).
[2] 6,500,000 kUSD minted * .215 APR on loans * .1 developer fund split = 139,750 kUSD