Through this post I wish to engage the entire community and all participants to consider very important virtues to be found in even and equitable distribution of the curve unlocked DAI.
The idea sprung from discussion in this prior thread for a different split/approach:
The proper beginning to this post should be the explanation as to what are the 4 pillars referenced and why. They simply have been identified as the 4 areas that either need/deserve or are entitled to these funds in the event of a curve closure.
#1- Liquidity : We cannot ignore the effects curve removal would have on overall market liquidity for our protocol token, so it is widely assumed and expected that the DAI will be required as a new backstop of liquidity in some proportion/capacity.
#2 Pixelcraft : A non-controversial beneficiary, being main developer/summoner of Aavegotchi. The controversy lies in again directing 40% (more than any of the other 3 pillars) of the unlocked DAI, without a proper structure of accountability or deliverables.
#3 DAO : Perhaps the least controversial destination for the DAI. As a DAO we widely believe in the funding and empowering of DAOs
#4 Product: This is the most controversial and difficult pillar to understand and analyze. Often, advocates of the product are questioned in their intentions due to the innate conflict of interest in advocating for a financial product you own. Unfortunately, this can lead to neglect of the product itself, creating negative value cycles instead of positive ones. It will be incumbent on the reader/voter to understand that punishing individuals or blocking them from gains via hurting the product, is a losing game for everybody involved in the project. We should strive for the product to be successful and a desirable product in the market, or we might as well close the project altogether. The original Pixelcraft proposal makes no mention anywhere of allocating any percentages to protocol rewards, yet the advantage has been identified in separating DAO funding from protocol rewards at the outset of funds distribution- in order to prevent enormous waste of time and energy in allocating DAO funds for RF or other shapes that protocol rewards take in the future.
it is therefore proposed that any incoming DAI from curve closure be distributed as:
25% Liquidity / 25% DAO treasury / 25% Pixelcraft (over 2 years with deliverables) / 25% protocol rewards (Over 6 RF Seasons or 2 years if RF is rescheduled or modified otherwise)
There is plenty to present and argue for each pillar and how they each deserve 25%, but instead I want to focus on a single point/merit for this proposal:
There is enormous benefit to an even/fair distribution and simply moving on to better/greater things
I urge everyone in the community, whether it’s Pixelcraft, a DAO leader, or just a humble reader, to realize we are all better served with a fair and even distribution, vs. the endless mistrust/doubt/auditing that is going to ensue for whoever “succeeds” in winning out an extra allocation of the DAI than the other parties. In much simpler terms, the “table” where our gotchiverse stands is the firmest when we reinforce all 4 of its legs, not just one or few.
To close things off, I’d like to share what ChatGPT had for us on this topic: