We all know and love the #workin-rats channel in discord as an incredible way to earn an easy $CHIZ payout, but I can’t help but wonder if there would be a better way to allocate this portion of the "Airdrop Fund " $CHIZ.
My proposal is to transform the Workin’ Rats channel into an aspect of our DAO that allows artists and other talented rats to commision their work for the benefit of our Social Club. I look to the community discussion to help flesh out details, but this is what I’m proposing to get the discussion rolling.
This idea is a bit of a piggy back off of Cardano’s Catalyst Fund that was created as a DAO process to allow projects to build on top of the Cardano Blockchain, using community funds to drive interactivity and growth for the Cardano ecosystem.
My Proposal is to have a Ratalyst Fund Registration once per week that will allow SRSC Members to submit the following:
- Job/Commision/Task (ex: Will create SRSC graffiti Mural on a wall in Chicago, IL)
- Request $CHIZ amount (ex: 30k CHIZ payout upon mural completion)
- Date/Time Frame for Completion
After 1 week of Ratalyst Fund Registration, one week of voting will take place to accept or deny each application. At the end of the week, the votes will be pooled and the Affirmative commissions will be alerted to begin their Work.
Commissions will need to be paid out automatically by the DAO when completed. A “completion confirmation” method will need to be established in order to assure Ratalyst Commissions are carried out before being paid out in $CHIZ. If the project is not completed by the Commision deadline, the fund will need to automatically deny $CHIZ payout.
We will also need to set a deadline to alert members that the current #workin-rats channel that allows members to exchange 20k dCHIZ for 10k $CHIZ will be discontinued or repurposed for stacking assets that do not include $CHIZ. My recommendation is to provide a 5 day Notice for rats to clock in their final free !work commands to give people who have been working hard farming dCHIZ a chance to claim one last 10k $CHIZ voucher
Please relay your thoughts and feedback on this proposal to give an idea of how we could make this into a fully autonomous process and create a formal DAO proposal! Thanks for your time!
The current needs for this proposal to become a fully functioning DAO integration are as follows:
- A confirmation method for a commission being completed
- A way to deny payout to commissions that aren’t completed by deadline
- Automatic payout in $CHIZ for commission completed on time