@jackanorak I appreciate your thorough engagement. It means a lot to me that you’ve taken the time to share your thoughts, ideas, and questions. It seems the cleanest way to address it all is to directly quote and respond.
The idea is to reward people for truly valuable contributions they make to the Optimism Collective - and in doing so spread awareness of the Optimistic Vision.
It is important to separate out the one-year hold period. That is not a decision of the Alliance for this Mission. It is a DAO-wide decision about how best to allocate certain grants.
People are rewarded only when they make valuable contributions that help spread awareness of the Optimistic Vision. In other words, this Mission is entirely performance-based. There is no risk to Optimism of losing what is not rewarded.
As part of this Mission, we confirmed that our “grant will be subject to clawback for failure to execute on critical milestones”. If we hit the critical milestones, we receive our portion of the grant; if we don’t, there is a clawback provision in place.
** NOTE: We have been making - and will continue to make - significant investments in this Mission (we had to start building early because of the quick turnaround time). Additionally, even upon achieving critical milestones, we are still subject to a one-year hold period. In other words, even if / when we create immense value for Optimism, ThriveCoin doesn’t get rewarded for a long, long time. We want to make this investment in the Optimism community because we share deep values and vision alignment, and because we believe, together, we can help drive significant value to Optimism.
This is not accurate. ThriveCoin can reward communities with a Testnet THRIVE token, but this was mostly done with smaller, early communities. Since then, community members shared clear, consistent feedback: they prefer to rewarded with their community tokens - or tokens they know and value.
The norm now is to reward with tokens valued by the community. ApeCoin is rewarding with APE. Aavegotchi will (mostly) be rewarding with GHST. ShapeShift is rewarding with OP. Even Bankless, wants to, soon, transition to rewarding with BANK. Going forward, we expect this trend to continue.
I appreciate your perspective. This isn’t how I read the review, nor is it what I consider our secret sauce.
Our secret sauce, based on lots of feedback, seems to be: a) our ability to operationalize DAO contributions by automating and bringing on-chain valuable community contributions, and b) our ability to help communities drive tangible impact at scale.
I assume you are asking about conflicts. This person is a leader at Polygon Village. He is a Bankless DAO member, which is how he became familiar with ThriveCoin. He does not - nor has he ever - worked for ThriveCoin.
I again assume you are asking about conflicts. Bankless DAO is / was a community we serve - our first! We have no partnership beyond a community relationship. Bankless DAO has no ownership in ThriveCoin. They are not connected to this Mission.
All members of this Alliance are better suited than me to answer your question - due to their deep experience with Optimism. But I’ll try to answer, as I’ve been in extensive conversations with them and many others at Optimism for months:
Intent 3 is about Spreading Awareness of the Optimistic Vision. Two of the ways Optimism is currently accomplishing this are:
- The development of an Ambassador program to help actively spread awareness, and
- The funding of hundreds of projects that, through their work and success supporting public goods, help organically spread awareness.
This Mission helps BOTH incentivize the expansion of the Ambassador Program AND clarify / share the impact of hundreds of projects already funded by Optimism. In other words, it deeply embodies the essence of Intent 3 in ways the Optimism community has already expressed that it values.
Final thoughts Thank you, Jack, for all of your questions and thoughts. I’ve sought to address all of it, step by step. I hope this is helpful, and I am excited about the opportunity to collaborate and together drive significant impact for Optimism and all of web3. - Daniel