RRC-8: Retroactive Governance Airdrop
Abstract This proposal introduces a retroactive $RARI airdrop for community members who actively participated in RARI Foundation governance in Q4 2022-Q1 2023.
Motivation We recognize the skills, time, and effort that active community members put into co-creating and discussing proposals, and the current airdrop aims to express acknowledgment and gratitude from the RARI Foundation community and team.
Rationale As stated in the motivation the reasoning for this airdrop is a thank you to those who’ve been most consistent and active in the Foundation. This acts as the first small step in a larger governance incentivization program we’d like to develop. To be eligible for the airdrop, the community member should meet the following conditions:
- Locked or delegated $RARI between 1 October 2022-1 March 2023
- Locked & voted
- Delegated & that delegate voted
- Received delegation & voting
We propose to distribute the equivalent of $5k USD in $RARI (3275 RARI). Following the same conditions as the $RARI rewards, the airdropped tokens will be locked for 9 months with a 3-month hard lock and a 6-month linear unlock.
Airdrop eligibility formula: Variables are relative to the Columns in the google sheet
You locked & Voted (D * J) You delegated & they voted (M) You received delegation & voted (C * J) You locked & voted (fixed reward, min 5 Rari needed)
Prior to the airdrop, there was a snapshot taken where we scrape the on-chain actions of the Foundation members to determine the eligibility and exact claim for the airdrop. Doing this as a retroactive snapshot helps to discourage negative behavior patterns like reward farming.
Once the snapshot was taken the formula above was used to calculate the total amount of $Rari you will receive.
Steps to implement Snapshot to be taken to determine eligibility Run the eligibility formula based on snapshot Transfer appropriate funds from treasury to corresponding wallets
Google sheet for formulas:
https://docs.google.com/spreadsheets/d/12tkulmKOE07AFY-gXNiYZpYVr7EkjH1-XKYLVy210SE/edit#gid=0
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 andrei | 6,289 | FOR |
 0xaE7a...F9016a | 5,000 | FOR |
 0x1203...cEC1b1 | 2,169 | FOR |
 0xBe3F...59ab4d | 751 | FOR |
 0x2990...C12d7A | 150 | FOR |
VOTE POWER
Proposal Status
- Wed April 26 2023, 12:45 amPublished Onchain0xaE7a...F9016a
- Wed April 26 2023, 12:45 amVoting Period Starts
- Mon May 01 2023, 02:08 amEnd Voting Period
- Mon May 01 2023, 02:13 pmQueue Proposal
- Tue May 30 2023, 02:27 pmExecute Proposal
Current Results
1-FOR
14,559.187
3-ABSTAIN
N/A Tokens