After a successful participation in Panvala League Batch 7, DXdao is now secured as one of the five main communities in the Panvala League, and the only one focused on DeFi!
From Batch 7, Panvala League’s five communities successfully matched donations at 4x on Gitcoin Grants, distributing a total of $55,000 to the projects they supported with an average donation of $20. You can see a summary here: Panvala Update - DXdao's involvement and quarter results)
With DXdao as the leading DeFi related entity in Panvala, we have the ability to direct Panvala’s next batch of funds to key DeFi causes that DXdao sees fit. This puts DXdao in a leadership position.
This quarter, there is a plan to expand Panvala League. With the next round for Panvala, there is a slightly different structure. Each community will come up with their community’s goals.
The first step is to draft our Community Goals for the next Round.
How it will work: Each community will support a single Gitcoin Grant this round: their Community Goals grant. This single grant can allocate funds for as many projects as a community wants. This model is inspired by “stretch goals” on Kickstarter: your community will specify how much different things should be funded depending on how many donations and how much matching actually comes in at the end of the round. Your goals should fund sharable goods: either public goods that everyone can benefit from, club goods that your community consumes together, or awards for achievements that your community values.
These can be awards presented to a member of your community, or awards presented to projects or people your community supports.
Here is an example of a Community Goals grant based on a community:
Base Goal: Our base goal distributes the first 100,000 PAN received split to: Cause X and Y
Goal 1: Next 50,000 PAN goes towards: Cause Z
If your donations and matching exceed 100,000 PAN, we’ll distribute the next 50,000 PAN to Cause Z.
Cause Z is important to the ecosystem because…
Goal 2: Next 50,000 PAN goes towards: Cause A
If your donations and matching exceed 150,000 PAN, we’ll distribute the next 50,000 PAN to Cause A.
Cause A is important to the ecosystem because…
Goal 3: Next 50,000 PAN goes towards: Cause B
If your donations and matching exceed 200,000 PAN, we’ll distribute the next 50,000 PAN to Cause B.
Cause B is important to the ecosystem because…
Causes don’t have to be limited to Gitcoin grant options. Causes can be anything that helps contribute to the Open Source world.
Some potential causes could include things like:
DXdao open source DeFi bounties that support the entire DeFi ecosystem.
Zerion for Omen (or prediction markets) users and LPs bounty
Another option to include some Award winners that the DXdao can vote on. This can be within DXdao or in the greater DeFi ecosystem.
DXdao valuable newcomer
DXdao problem solver
or, DeFi MVP
Please feel free to reply below with some ideas around causes. I will be sending a follow up post after gathering some causes from the community, that the DAO can vote on.
dat:// is a peer-to-peer protocol. dat’s strengths are that data is hosted and distributed by many computers on the network, that it can work offline or with poor connectivity, that the original uploader can add or modify data while keeping a full history and that it can handle large amounts of data.
Fusion is an open source svg iconset for the cryptospace, optimized for inline embedding and customizeable via css, made with love by Richard Schumann. My goal is to do what I love most - creating meaningful and beautiful icons. I will create and maintain this library and create more Tokens / Assets + a lot of interface icons what could developers need for there dapps, exchanges
CREAM is a protocol being developed as part of a pilot program to create more robust, accessible, secure, anonymous, and verifiable voting technology for public elections in Japan. CREAM consists of a dapp and set of smart contracts that allows the average citizen to vote in a completely anonymous fashion while maintaining the integrity and verifiability of the final vote tallies.
Tornado.Cash is a non-custodial Ethereum and ERC20 privacy solution based on zkSNARKs. It improves transaction privacy by breaking the on-chain link between recipient and destination addresses. It uses a smart contract that accepts ETH deposits that can be withdrawn by a different address. Whenever ETH is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring complete privacy.
At Dune Analytics we allow anyone to easily and instantly query human readable Ethereum data, visualise it and share it with the world. Anyone can see the queries that underpin the charts, inspect them and fork them.
The Protocol The Underscore Protocol (_Prtcl) can be seen as an “operating system” for building modular and reusable web applications that are compatible with centralized and decentralized platforms and that work with platform-agnostic interoperable data objects. It achieves this by introducing the concept of Evolving Entities or “Evees”, and the Cortex Framework, an
Gelato is an ethereum project with the aim to make it extremely easy for users and developers alike to create full automation use cases on ethereum. Basically you define a specific trigger (every time I receive DAI) and an action (sell this DAI for ETH on Uniswap) and a system of relay nodes will execute the
Deep DAO’s mission is to explore, rank and analyze all DAOs on several dimensions. This includes DAOs created on one of the four major platforms (DAOstack, Aragon, Moloch and Colony), as well as those created for specific needs such as The LAO, Maker, and Nexus Mutual.
If you have any additional nominees, please comment below with:
Gitcoin grant URL (if they have - not necessary)
Once we have a full list of Nominees, the DXdao community will vote.
As the next Panvala batch is approaching, we will be doing the final vote for the first ever DXdao DeFi Awards this week.
We will be doing the votes in the #panvala keybase channel. Anyone in the DXdao community (REP holders, DXD owners, or users of DXdao products can vote) but you have to be in the keybase channel in order to do this.
The GOAL is to reward the open source projects in the space that DXdao community sees as vital to the beliefs and goals of achieving an open and decentralized financial ecosystem for the world.
Next week you will also be able to stake your PAN to the DXdao Panvala community.
Wrote up this doc that outlines the first ever DXdao DeFi Community Awards winners!
This will be published soon leading into the next Gitcoin grants round. It is also a great way to build DXdao and DXD awareness, absorb in talented contributors, and support awesome open-source projects! Can you beat that?
Summary of DXdao’s Panvala League DeFi Community Awards During 3Q 2020
Recognizing Critical Projects building the DeFi Ecosystem
Earlier this year, the DXdao community decided to become a more active participant in the Panvala League ecosystem. This quarter, the first ever DXdao DeFi Community Awards was created, launched and has been a success!
As part of the Panvala system, there were 214,909.77 PAN staked towards our Community, including 50,000 PAN staked by DXdao itself.
This staking allowed the community to receive an additional 69,000.69 PAN in matching.
Another 422 DAI were received through Gitcoin’s CLR matching. The total 456.2 DAI was converted to a PAN amount of 12,390.13
This gives a total raised amount of 85,512.86 PAN that will be distributed to the 10 award winners outlined in the earlier post.
Transparent Side note: there is currently a small amount of PAN and DAI sitting in the ZKsync Layer 2 wallet that Gitcoin integrated this past round. At this point it is not possible to withdraw it using a Gnosis Safe Multisig wallet. When these funds are accessed in the future, it will be used for the community.
The 3rd Quarter Panvala League distributions to communities occurred on Halloween, and the next step was to distribute 100% of the proceeds to the 10 Award winning projects.
All five Award Winners receive PAN 10,261.54 and all five Runner-ups receive PAN 6,841.03.
At time of writing, these PAN awards were equivalent to about $410 and $273, respectively. Award winners are free to do what they choose with the PAN - convert it, spend it, or use it to participate in the Panvala system.
Winner: Rotki - A portfolio tracking, analytics, accounting and tax reporting application that respects your privacy.
Runner-up: Dune Analytics - Allowing anyone to easily and instantly query human readable Ethereum data, visualise it and share it with the world.
Most Valuable Newcomer Award
Winner: Gelato - Ethereum project with the aim to make it extremely easy for users and developers alike to create full automation use cases on ethereum
Runner-up: DeepDAO - Deep DAO’s mission is to explore, rank and analyze all DAOs on several dimensions. This includes DAOs created on one of the four major platforms (DAOstack, Aragon, Moloch and Colony), as well as those created for specific needs such as The LAO, Maker, and Nexus Mutual.
We look forward to continuing DXdao’s Panvala League DeFi Community Awards next quarter.
It is important and beneficial for the DeFi community to continue to participate in Panvala League, and there are some initiatives for people who are interested to dive in deeper.
At the end of the next quarter on January 29, 1,755,937 PAN will be released based on a recommendation The Panvala caucus submits on chain by December 7.
Over the next quarter, there is an initiative around an Activities Fund, a member-run portion of Panvala’s budget focused on social life. Grants are used to encourage attendance with things like food, prizes, and raffles. There is a DAO Book Club, a Circles UBI Poker event, and a Coinosis Developers Circle (in Spanish) taking place this month.