0x Gov

Goal of the Vote

This snapshot vote is to determine community sentiment toward a 3 month trial period to compensate active delegate governance participation.

Current Bootstrap Delegates and self-nominated candidates should abstain in this snapshot vote to avoid any potential conflict of interest.

Scope

The forum post on this topic can be found at https://gov.0x.org/t/rfc-short-term-delegation-experiment/3549 and is a follow-up vote to the previous snapshot vote at https://snapshot.org/#/0xgov.eth/proposal/0x525061665f30d6e2e4441a1b90e7dda55fc45c289ee7cd7526a5ca9bdb70b628.

In summary, the goal of the proposed experiment is to reactivate inactive voting power in response to the drop in overall voting participation over the past 18 months which has made it difficult to put treasury funds to productive use.

Beyond reallocating voting power, an additional component to the proposed experiment is compensating active governance participation. Being an active voting member requires time and effort and anecdotally, other communities/projects have seen that compensation is a successful method of attracting participation from representatives with diverse domain knowledge, skillsets, experiences, and points of view.

Structure of Trial Compensation

The trial will last 3 months and require a budget of ~$15k. This budget will be used to compensate the 5 current active bootstrap delegates (Nikita, Joao, SHA, Gabrigo, Polygon Foundation) and 7 new delegates at a rate of $715/month and $205/month respectively. The difference in compensation rate is to account for the relative difference in voting power (1.5M vs. ~430k).

While all of the delegates are eligible for compensation, receiving it requires (1) participating in the initial forum discussions, (2) voting, and (3) providing a brief explanation of their vote on a minimum of 85% of the treasury votes that are held each month of the 3 month trial period.

In terms of the mechanics of distributing this compensation, I, Eric Wong, will serve as the administrator. In this role, I will track delegate participation in forum discussion, voting, and explanation in this publicly viewable spreadsheet and serve as the intermediary holder of the funds from the treasury through this wallet 0x84BDa0f95993a03F45c982296496d4F2CC524062. All funds that remain after this 3 month trial period will be sent back to the treasury.

If this snapshot vote passes, a subsequent treasury vote is still required to transfer the funds. That treasury vote would request a transfer of ZRX from the treasury to the address above. The amount of ZRX would be determined closer to that date due to variation in ZRX’s price.

Do you support the 3 month trial around compensating active delegate governance participation?