Project Name: EthernautDAO
Author Name: Dhannte
(Reviewed, modified, and voted by EthernautDAO members)
**Number of OP tokens requested: 1.000.000 **
L2 Recipient Address: EthernautDAO Optimism multisig: 0x2431BFA47bB3d494Bd720FaC71960F27a54b6FE7
Relevant Usage Metrics: 32 successful Solidity mentorships with new devs trained in less than 1 year, of which 80% are smart contract CC developers today for various projects on Optimism, such as Synthetix, Aelin, Kwenta, Yield, and Optimism itself.
Optimism alignment (up to 200-word explanation):
Our main goal is to rapidly transform senior (web2) developers into senior Solidity developers. We do so by incentivizing experienced Solidity mentors but at the same time compensate those who create and share educational, curated, and updated content for developers to follow and learn. Projects like Austin Griffith’s speed run, Ethernaut game from Open Zeppelin, and CryptoZombies are used by hundreds of devs and were never compensated properly.
We are starting the distribution of Ethernaut EXP (ERC20 “soulbound” tokens on Optimism: EthernautExperience (EXP) Token Tracker | Optimism) to the community members who make these contributions, mentor new developers and add real value to the space (and a cool on-chain free-to-mint NFT to show off their experience level deploying soon: GitHub - SolDev-HP/EXPerience_Game at dev/svg_updates_aleta).
We focus on pairing mentors and mentees for tailored mentorships and provide whatever they need. Our community is open and free to join, what we build is open source, and we focus on free educational content forever. We are a public goods DAO for developers adding verifiable value to the space.
Proposal for token distribution (under 1000 words):
How will the OP tokens be distributed?
- OP will be distributed monthly for 3 years starting in August 2022 (54% of requested funds) to EXP holders proportionally to their balance (EXP being a soulbound token).
First-year 5.000 OP/monthly
Second-year 15.000 OP/monthly
Third-year 25.000 OP/monthly
140.000 OP will be given to future mentors. Each mentor will receive 3000 OP (if requested) for every successfully trained developer with up to 9000 OP until the pool dries up
320.000 OP will remain in the EthernautDAO treasury either for DAO maintenance, future incentives, and developer bounties like:
UI for gnosis safe CLI. It turns out that the only way to interact with the same address safe between blockchains is through a CLI since Gnosis’s UI can’t support it more on this here:
GitHub - 5afe/safe-cli: Command line utility for Gnosis Safe
How will this distribution incentivize usage and liquidity on Optimism?
We combine a soulbound token (EXP) given to educational contributors with OP tokens as a liquid and transferable asset.
We believe that by distributing OP tokens to community members who care about developers, education, and the growth of the Ethereum ecosystem, OP tokens are distributed to those community members that are active and interested in its development. We encourage these community members to provide liquidity and vote for Optimism proposals, but we will not enforce them. Every user is free to use their OP tokens as they see fit.
EthernautDAO will keep up to 40 ETH from donations in the treasury (same multisig address), with the surplus going to the Uniswap OP/ETH liquidity pool. This process will be rebalanced every 3 months. (OP tokens are not considered part of Ethernaut DAO 40 ETH treasury).
Donation web: EthernautDAO - Home
Donation contract: Contract Address 0xA433e0Bf662Dd934833C66D4f03711e1CCE9c9B2 | Optimism
Why will the incentivized users and liquidity remain after incentives dry up?
EthernautDAO will continue to mentor developers, raise funds and align incentives long before OP incentives dry up. Optimism is our home all the EthernautDAO projects are deployed and will be deployed to Optimism bringing in new users from all over the world.
Over what period of time will the tokens be distributed?
More than 3 years
How much will your project match in co-incentives?
All our funds are committed to the same co-incentives. We pay mentees, mentors, bounties, and DAO maintenance. This proposal will keep the DAO functioning for up to 3 years or more.