Abstract

This proposal aims to establish a Tokenomics Working Group (TokWG) within the RARI DAO for a period of three months. The ‘TokWG’ will operate for three months, with the primary goal of researching & proposing the first draft of tokenomics strategies to enhance the economic sustainability and growth of the RARI DAO ecosystem

Motivation

Effective tokenomics is critical for the long-term success and sustainability of any crypto product. With the rapid growth of the crypto space as well as the DAO, it is imperative to revisit and refine our tokenomics model to ensure it aligns with the community’s goals and fosters sustainable growth. Establishing a dedicated TokWG will provide the necessary focus and expertise to develop innovative and effective tokenomics solutions.

Rationale

Forming a TokWG will enable a concentrated effort on improving RARI’s tokenomics. By leveraging the collective expertise within our community and external advisors, we can create well-researched and tailored tokenomics strategies. This focused approach increases the likelihood of developing successful solutions that drive value for our ecosystem.

Key Terms

Tokenomics: The economic model governing the creation, distribution, and value of tokens within an ecosystem

Specification

Goals

• Conduct comprehensive research on current tokenomics models & identify best practices.
• Create a draft proposal for a possible set of tokenomics solutions tailored to the RARI ecosystem.
• Provide detailed documentation on the recommended solutions
• Gather community feedback on the proposed solutions to refine & improve them

Timeline

Month 1: Group formation and initial research Month 2: Identification of potential tokenomics models, development & gathering solutions Month 3: Finalisation of first draft of the recommendations, clear documentation & presentation to the DAO.

KPIs

#number of researched solution #biweekly WG updates

MoS

• Draft proposal with clear documentation & actionable recommendations

Multi-sig policies

• Assuming a 5 member squad, the multi-sig will be structured as 3 out of 5
• 10% of the compensation will be sent at the start of the project
• 40% of the compensation will be sent upon delivery of the first draft of the tokenomics solutions
• All remaining compensation will be sent upon submission of recommendation
• Multi-sig address 0xC805b3Cd0686c9F6d406b1BF9ae64fA28FF7E88e

Roles & responsibilities of each member

Project Lead/Steward: @jengajojo

Oversees the group, coordinates tasks, and ensures milestones are met.

Research Analysts: @Jaf + @Sixty

Conduct in-depth research on tokenomics models and trends.

Foundation representative: @addie

Works with the RARI foundation to coordinate efforts and resources

Scribe: @coffee-crusher

Prepares detailed documentation of the recommended solutions.

Budget

Role	Quantitiy	Compensation (RARI)
Steward	1	3000
Research Analyst	2	6000
Foundation representative	1	0
Scribe	1	3000
Buffer		1000
Total ask		13000