JBP-436 - Update Reserved Allocation (September 2023)
Synopsis
Update the reserved list to include active JuiceboxDAO contributors. For organizations that work with JuiceboxDAO, send reserved tokens to their multisigs instead of individuals.
Motivation
- Sending reserved JBX to multisigs instead of individuals allows those organizations to use their JBX more creatively โ to distribute as an added incentive, to build a stockpile, to vote collectively, or to do something else.
- Allocating reserved issuance to align incentives with active contributors will become even more important as the buyback delegate is implemented, which may significantly increase reserved issuance.
- Simplifying this list makes it easier to verify relevant multisig transactions.
Risks
Sending JBX to multisigs gives these organizations more to manage, even if minor. This distribution is only a loose approximation.
Specification
Update reserved JBX distributions like so:
| Recipient | Percentage |
|---|---|
| dao.jbx.eth | 32% |
| Peel (6) | 24% |
| Nance (2.5) | 10% |
| Juicecast (2) | 8% |
| WAGMI Studios (1.5) | 6% |
| drgorilla.eth | 4% |
| filipv.eth | 4% |
| breadfruit.eth | 4% |
| jb.0xba5ed.eth | 4% |
| zhape.eth | 4% |
Rationale
Since there are now fewer recipients, Iโve slightly increased the allocation to dao.jbx.eth (from 30% -> 32%).
The list was updated to only include current contributors, with 4% per individual. Organization allocations were calculated based on the following list:
| Org | Members |
|---|---|
| Peel | 6: TJL, peri, aeolian, Strath, wraeth, johnnyd |
| Nance | 2.5: jigglyjams, twodam, Zeugh (part-time) |
| Juicecast | 2: matthewbrooks, brileigh |
| WAGMI Studios | 1.5: Sage, mieos (part-time) |
Timeline
Implement in the cycle following this proposalโs approval.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
0x90ed...b10ff7 | 22.162M | For |
0xf725...1D0041 | 21.701M | For |
0xe787...eDEFd1 | 19.558M | For |
0x3067...6EAB39 | 16.606M | For |
0x6860...4EEa3c | 10.502M | For |
VOTE POWER
Proposal Status
- Tue September 12 2023, 12:05 amVoting Period Starts
- Sat September 16 2023, 12:00 amEnd Voting Period
Current Results
1-For
127.125M
