Rari Foundation

Summary

Reimburse gas fees spent by DAO delegates when participating in on-chain governance on Tally starting with RRC-12. And establishing the parameters for gasless voting moving forward.

Abstract

RARI DAO delegates are responsible of promoting new proposals into Tally, voting on-chain, queueing, and executing proposals. These on-chain transactions have significant gas costs measured in ETH. These fees are paid by the wallet sending the transaction, the RARI DAO delegate.

Considering that Tally now offers gasless voting, this proposal aims to establish a Gas Fee rebate mechanism for delegates who have participated in governance on-chain activities on Tally, starting with RRC-12. Furthermore, it seeks to define the parameters for wallets to qualify for gasless voting through Tally in the future.

Motivation

Gas fees in Ethereum have been costly and prohibitive, especially for delegates. Implementing this proposal aligns with the strategies being executed by RARI DAO to further democratize, incentivize, and remove barriers for existing and new delegates.

Rationale

The Delegates Launchpad program is a platform for new talent to come to RARI DAO and develop new, exciting ideas to grow the RARI ecosystem. In parallel with this program, RARI DAO has been developing more infrastructure and strategies to foster a more decentralized and sustainable ecosystem for artists, collectors, and builders.

• RRC-12: RARI Ecosystem Growth Fund: a fund composed of three parts: Grants Program, Strategic Loans, and Strategic Partnerships.
• RRC-19 Rari Chain Sequencer Revenue Split: allocating 50% of the RARI Chain Sequencer Revenue as:
• 15% to the Creator Fund to fund creative projects and initiatives
• 35% for DAO Treasury to fund DAO initiatives and fund operational costs.

This proposal aims to remove barriers for delegates and incentivize a more active engagement of the delegate community. Broader participation leads to better decision-making for RARI DAO.

Specifications

Who is elegible for Gas fee rebate?

All delegates that have participated in one of the following activities starting with RRC-12.

• Promoting a Proposal into RARI DAO Tally
• Voting on-chain on a proposal on RARI DAO Tally
• Queueing a proposal for execution on RARI DAO Tally
• Executing a proposal on RARI DAO Tally

Retroactive Reimbursement Claiming Process

For the purpose of retroactive reimbursement, a claim period will open 30 days from the proposal passing for delegates that are eligible for Gas fee rebate.

To reduce the administrative burden for RARI, the claiming process should be initiated by Delegates themselves. The option to submit a Gas Rebate Application to RARI via a Form, shall include:

1. The list of transactions associated with the activities mentioned above
2. The corresponding gas fees spent on each transaction
3. Etherscan links detailing the above

Once an application has been submitted to RARI DAO, an appointed Governance Facilitator from the Foundation will review the applications and proceed with gas rebates.

NOTE: Any gas fees not claimed over the 30 days period mentioned above will be automatically forfeited.

Eligibility for Gasless Voting on Tally

• Wallet must have at least 300 RARI in delegated voting power
• 10 votes per wallet. We can re-up in Q1 2025, or if there are an unexpectedly large number of proposals later this year.

Notes:

1. RARI Foundation will cover gasless voting from 2024 operational budget by setting $3,000 for gasless voting with Tally
2. Gasless voting does not include submitting proposals. If proposal submission is to be free, there is a concern about spamming governance. Delegates can ask for proposal submission compensation as a fee when posting the proposal instead.

Steps to Implement:

• After the proposal is approved, the RARI Foundation will collaborate with the Tally team to enable gasless voting for our DAO in Tally.
• A reimbursement form for the aforementioned governance activities will be made available 48hrs from the proposal execution. Immediately after the form is available the 30 days window to claim starts and the foundation will have 15 business days to review the claims and disburse the payment.

Budget

This proposal will not incur any cost to the DAO in 2024 because the RARI Foundation will allocate the necessary funds for the rest of the year.