not approved

“Cardano Developer DAO”: grassroots developer services portal for newly funded and smaller projects

₳182,700.00 Requested
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Community Review Results (1 reviewers)
Impact Alignment
Feasibility
Value for money
Solution

CatalystDeveloperDAO streamlines community contribution while building individual track record for members. DID and DAO governance for project audits, bug bounties and Catalyst-related assessments.

Problem:

DAO Organization could offer immense benefits to Catalyst and the budding Cardano startup ecosystem, but barriers of entry and code risk are high. How to launch a sandbox that can make a difference?

Yes Votes:
₳ 30,178,774
No Votes:
Votes Cast:
235

[SOLUTION] Please describe your proposed solution.

Vision for “Catalyst Developer DAO”:

There is currently a lot of informal collaboration between Catalyst projects. On the other hand, well-known companies exist that specialize in Cardano-related development that are used by many new projects and smaller teams and entrepreneurs. By leveraging Decentralized Identity and DAO-tooling that has grown tremendously over the last year, we want to experiment with a decentralized structure to make these exchanges a lot easier, rewarding and transparent.

The process will initially launch as a simple Dework- and Discord-based platform and over its milestones incorporate full DID and gradual smart contract implementation to facilitate relationships between members and projects.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community.

DAO Challenge Settings have been a stalwart of Catalyst and a lot of useful tooling, from simple plugins to smart contract libraries have been built. We want to put a narrowed focus on Number of Communities engaged in collaboration using Cardano DAO creation tools to help existing tech - both Cardano DAO and legacy decision making software - to bring together what already exists or is currently being finished Open Source as part of Fund-9 and the Atala PRISM Launch Ecosystem, and make as many developers on Cardano part of the DAO journey. Using Catalyst review and assessment - where everyone is a stakeholder - seems ideally placed to bring exponential growth to the use of DAO Tooling on Cardano.

Combining Atala PRISM Verified Credentials and Native CNFT-Gating will allow us to explore new ways of interacting with the Continuous Testnet and Cardano Blockchain. The proposers have recently completed Plutus Pioneers Cohort 4 and Atala PRISM Cohort 2 and will continue to follow the emerging capabilities of the Voltaire and Conway tooling that is being developed. We understand the pioneering nature of trying to “force” Catalyst into a speedy process of decentralization, but feel that these pioneering development risks are exactly what makes the Cardano spirit and frontier ideation of new governance methods.

Decentralized governance prototype for DAOs: Multiple Expert reviewers participate in the evaluation process without being controlled by any groups in particular. Instead, smart contracts will define the conditions for reaching a milestone and handle the assignment of expert reviewers. A reputation system built around decentralized identity will complement the full use of Cardano’s already rich stack for decentralized membership organizations.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Proposers are Plutus Pioneers (cohorts 3 and 4), Atala PRISM Pioneers (2nd cohort) and Marlowe Pioneers. We will collaborate with impact work network Socious for the escrow and potential gaps in the initial skill pool, and the support of the developer ecosystem for blockchain-related design and testing support. The team covers a broad range of skills from successful startup founders, technical and business backgrounds to community functions including Challenge Teams since Fund-7 (Boosting Cardano’s DeFi) to fund 8,9 (Developer Ecosystem) and current fund 10 (Developer Ecosystem-The Evolution). We have grown the Developer Ecosystem community on telegram channel: <https://t.me/DeveloperEcosystem> (140 members as of 17 July 2023) from Fund-8 until now and would like to add value to the ecosystem by applying our experience and insights which we gained from our participation in the PoA pilot in fund 9 to improve the overall process and form the Catalyst Reward DAO community. The PoA review is the last filter before Cardano Treasury funds get released to the proposers. Hence, it is crucial that the proposals will get flagged if they have not delivered what they promise to the community.

This Catalyst Reward DAO platform would provide a special extra filter in addition to the community reviewer especially for projects which are technical and require expertise of developer reviewers. Our team have always advocated for decentralizing Catalyst. The team have been pioneers in the pilot of PoAs review for Fund-9 and have raised numerous issues with the Catalyst system. We have published extensively about the findings of process and issues in our close-out challenge report from fund 7 to fund 9 here –>

Fund 9: <https://challenge-team-work.gitbook.io/f9-developer-ecosystem/>

Fund 8: <https://challenge-team-work.gitbook.io/f8-developer-ecosystem/>

Fund 7: <https://challenge-team-work.gitbook.io/f7-boosting-cardano-defi/>

We emphatically raise attention to the big budget proposals, the need for PoAs and how we could improve the PoA process. We have worked closely with the Catalyst team and appreciate their continuous support and relentless commitment to improving the process and making the “Experiment” work better for all stakeholders

Our “Developer Ecosystem: The Evolution” Telegram group has been around since Fund-8. We hope that many of the technical proposers and builders will form the backbone of the “Catalyst Reward DAO” and that their collective skillset can be harnessed to provide better assessment and validation of Catalyst proposals and proposers.

With the growing number of proposals entered into Project Catalyst with each successive funding round, it is time that we use the tools already available on Cardano to improve the oversight and funding process. We would like to invite experts from all disciplines to contribute their specific knowledge and earn rewards that are already a part of the Catalyst process while safeguarding the Cardano treasury. By doing this as a DAO and entirely open sourced, we hope to contribute to the dialogue for more accuracy in technical proposals, fairer distributed rewards and transparent PoA revision.

[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Mar 2024 (Establish Expert Pool & workshop for PoA process)

20% of total budget (ADA 36,540)

Create bare-bones version using very established out-of-the-box tools like Dework (https://dework.xyz), Discord, and trial voting solutions built in F8/F9.

Open permissionless registration, assignment of reviewer profiles and establish “Expert pool” including word-of-mouth marketing and ambassador system. Attracting an initial pool of reviewers whose expertise and interest match with the PoA review requirement in Fund10 (select around 50 highly technical or high value funded projects for initial pilot of Platform). Share experience to the “Expert panel” about the most recent PoA process (F9) and the new! PoA with community reviewers in F10 and the mission of the expert panel in this transition (F9 to F10).

>Milestone 2: May 2024 (Smart contract development & Consensus Mechanism deployment Workshop)

20% of total budget (ADA 36,540)

Develop executable business logic that would match reviewers to the funded projects. Working alongside Catalyst team and Community reviewers to identify bottleneck projects and include these projects as ones in 50 projects during the pilot stage (Bottleneck projects are those whose PoA decision differ between community-verified PoAs and Catalyst team ie. not aligned (approval + rejection unanimously.)

Running workshop for expert panels on how to utilize decentralized consensus mechanism (as a collective decision) whether each bottleneck project has reached its milestones.

>Milestone 3: Jul 2024 (Tri-parties Assessment phase)

20% of total budget (ADA 36,540)

Project owners submit evidence of project progress towards their milestones. These PoAs will be evaluated by the Catalyst Team and Community Reviewers. If the approval decision differs between parties, process will be implemented to assign a pool of suitable experts to the bottleneck projects. Experts using the platform powered by consensus mechanism to determine whether the project has reached its milestones/completion.

Expert panel feedback on their PoA assessment will be provided to funded projects. Projects have the opportunity to offer alternative solutions in case of their milestone rejection.

>Milestone 4: Sep 2024 (Feedback loop and performance measurement)

20% of total budget (ADA 36,540)

Roundtable Community reviewers, Experts, Funded proposers and Catalyst Team for their milestone rejection and check whether there is any new project development that could potentially change the original consensus and approve payment.

>Nov 2024 (Reward/Token distribution to expert reviewers)

20% of total budget (ADA 36,540)

Working with escrow service collaborator to distribute rewards/tokens to experts who participated and offered expert insight & output towards the PoAs revision process for technical, big budget complex in nature proposals.

Note: The rewards for projects whose milestones are approved will still be handled by the Catalyst team. We are focusing our effort for this project on the reward to expert assessors who resolve the issues. Gathering feedback from funded proposers, measure total number of transaction value through the platform and the success rate of turnaround time from PoA submission until project payment. Upon successful cycle, the iteration will be rolled out to cover all projects in the same batch and fine-turned to fit the future funding rounds.

[RESOURCES] Who is in the project team and what are their roles?

Thomas Wedler (Technical integration of smart contract and consensus mechanism, Project Manager)

Managing director of Sapient Predictive Analytics. Experienced energy derivatives trader and entrepreneur. Ex Shell, Vattenfall, Masefield senior trader. Individual floor trader at Singapore Exchange. Tom has been building and deploying programs for automated market making and energy derivatives since 2014. 15 years Derivatives experience at multi-national organizations working closely with industry bodies and speaker at energy market conferences and workshops. Involved in crypto trading since 2014 and DeFi/oracles since 2018. Plutus Pioneer, Marlowe Pioneer and Atala Prism Pioneer.

https://www.linkedin.com/in/thomas-wedler-18960/

Role in Catalyst: Challenge Team (Fund 8-10), Sub-circle3, Catalyst Coordinators (funded proposers), Veteran Proposal Assessor, Reviewer in funded project milestone reporting (PoA pilot) Fund 9, Voters

June Akra (Community leader & Campaigner, Strategic decision maker, Co-Project manager)

Founding member of BlockCarbon, financial market expert and academic with vast experience in risk management, derivatives and commodities. Experience for various risk functions in 2 billion dollar AUM fund. Holder of Master degree in Investment with distinction and awarded Draper Prize. Certified Quantitative Finance (CQF) alumni London. Experienced video editor, content creator with combined 50,000 followers on social media, NFT collector and creator. Certified python AI practitioner, Plutus Pioneer & Atala Prism Pioneer.

https://www.linkedin.com/in/june-a-a3a0b4174

Role in Catalyst: Challenge Team (Fund 7-10), Sub-circle3, Catalyst Coordinators (funded proposers), Veteran Proposal Assessor, Reviewer in funded project milestone reporting (PoA pilot) Fund 9, Voters

Collaborator (Escrow service)

Seira Yoon (Socious) (Impact project warrior, technical executor of escrow service functions)

Seira Yun is the Founder and CEO of Socious.io, a talent marketplace that makes impact work accessible and transparent. Socious connects purpose-driven professionals with impact organizations through AI matching, and uses blockchain to trace impact work and reward contributions.

https://www.linkedin.com/in/seirayun/

Seira is a serial impact entrepreneur with years of experience in the sector. He has led teams within the ICRC, UNHCR, and social ventures. Drawing from personal experiences as a migrant, an autistic person, and a proud pansexual queer, Seira is driven to make the world a better place through social innovation. As a full-stack developer with a Master's in Social Innovation from the University of Cambridge, he enjoys blending technology with purpose. Seira is also an impact angel investor, a member of Hustle Fund's Angel Squad, and a mentor for 4WARD.VC's Climate Accelerator. When not working, he enjoys shooting hoops, running, reading, spending quality time with the kids, or embracing the adventure of getting lost during travels. He is also a long-term member of the Cardano community; he’s won and managed five Catalyst projects and has participated in Atala PRISM Pioneer Program.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources.

Values expressed in ADA (₳)

A. Smart contract development for assignment and validation of roles (open-sourced): ADA 216.67 per hour 30 hours per month 4 months = ADA 26,000

B. Smart contract Audit and Testing (budget includes bug bounty and surplus) = ADA 52,000

C. Consensus mechanism deployment: ADA 216.67 per hour 60 hours per month 3 months = ADA 39,000

D. Escrow service fee (Impact projects) based on the fee structure <https://socious.io/fees>

Socious fee for matching developers & escrow service = ADA 13,700

E. Project Management: ADA 200 per hour 40 hours per month 7 months = ADA 52,000

Total cost for this project is ADA 182,700

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

This project brings several value proposition to Cardano ecosystem based on these deliverables

  1. Trust and Transparency: For each PoA review (approval/rejection), personal opinion/biases could get in the way. By introducing a decentralized platform (expert panel) for milestone verification on top of community verified PoAs, the PoA process would be more trustworthy for the funded proposers and Cardano community. Human error in the decision making process will be minimized.
  2. Efficiency and Automation: As the number of funded projects is increasing as the fund progresses, it would not be sustainable to keep manually reviewing PoAs. Using a DAO will not just make the process more inclusive and cover a much wider talent pool, it can also allocate micro jobs to share reviews across many talented members while expediting the process to handle a large volume of projects and reduce human error and skill shortage. As a result, faster evaluation times, faster payment for project owners to move along their milestones. The learning curve of building this platform will also hopefully contribute to the stack available for DAOs building on Cardano and provide a low-risk testing ground for ADA escrow and credential-based release of funds.
  3. Quality assessment: The involvement of expert panel reviewers ensures that projects are evaluated by those who possess the necessary technical knowledge. This provides assurance to the community that milestones are met with expertise and the highest quality delivery will be paid first.
  4. Risk mitigation: Rewards for PoAs (expert reward pool) are securely held in escrow until milestones are successfully verified reducing the risk of delay or non-payment after PoAs are performed.
  5. Incentivization and collaboration: The decentralized governance aspect of the Catalyst Reward DAO allows reviewers to join in and contribute to the Cardano ecosystem. Expert panel will receive rewards for using their expertise to protect the treasury. This would encourage collaborative effort and engagement among community members.

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