Rally

Bonfire has been an engaged member of the Rally developer community for months. Matt Alston and Melissa Zhang are active almost daily in the Discord Developer Channel. They have shown real commitment to building Bonfire with creators’ needs in mind, and they have amazing and relevant backgrounds from Coinbase and Uber in engineering and product.

This proposal is designed to reward the first fulltime, outside venture funded business building on top of Rally Network and accelerate their work. The PR and communication of this grant will be designed to bring other developers into the ecosystem by giving investors further confidence that their capital will be amplified by the community as we grow the early ecosystem.

Here’s a demo video for their product that is live already: https://www.loom.com/share/fcabe360eace49bfbc87e8e8c12ac409

The Discourse thread where this proposal has been actively debated is found at: https://forum.rally.io/t/proposals-bonfire-developer-grant-rallydao-initial-funding/1104

The team’s published roadmap is here: https://www.notion.so/31e4f8e2e88b4541a20950398bc87387?v=f5bffb5096924e44b334d665ebdde7a4

The proposal is for 500K $RLY tokens with a 6 month linear vest.

There are well argued pros/cons of this proposal that can be found here: Pros mentioned:

• https://forum.rally.io/t/proposals-bonfire-developer-grant-rallydao-initial-funding/1104/2
• https://forum.rally.io/t/proposals-bonfire-developer-grant-rallydao-initial-funding/1104/8
• https://forum.rally.io/t/proposals-bonfire-developer-grant-rallydao-initial-funding/1104/15
• https://forum.rally.io/t/proposals-bonfire-developer-grant-rallydao-initial-funding/1104/16
• https://forum.rally.io/t/proposals-bonfire-developer-grant-rallydao-initial-funding/1104/22

Cons mentioned:

• https://forum.rally.io/t/proposals-bonfire-developer-grant-rallydao-initial-funding/1104/21
• https://forum.rally.io/t/proposals-bonfire-developer-grant-rallydao-initial-funding/1104/5
• https://forum.rally.io/t/proposals-bonfire-developer-grant-rallydao-initial-funding/1104/5
• https://forum.rally.io/t/proposals-bonfire-developer-grant-rallydao-initial-funding/1104/15

It’s noted that there are many quite reasonable requests to add more structure, KPI or milestone-based funding mechanisms, reporting or reduced proposal share. Taking into consideration the lack of a DAO organization to run administrative duties, this proposal adds a 6 month vesting period that is easy to administer and mitigates (mildly) some of the issues discussed.

This proposal vote does not approve a proper RallyDAO, but instead will kick off work aligned with other progressive decentralization work the initial development team is working on. The RallyDAO would empower the community further to set these matters with more effective governance tools that have come to market since the Rally launch.

We look forward to RLY token holders’ vote on this matter.