(re)Thinking about WPS.

eosDublin
eosDublin
Jul 12 · 2 min read

A Worker Proposal system was included in the EOS whitepaper for a reason, the idea has not had an easy time, but persists because many understand how powerful it could be.

The risk has always been that any fund would be abused and that fear has been enough to reject any proposal to date.

So from what we have learned and how could we do it?

How about we double down on what we know works and scrap everything we know won’t.

Set up 5 regional DAO funds each managed by 5 independent BPs who will set up and manage the fund. They will be accountable to token holders as they rely on votes for their business and will have their reputation on the line.

Funds would be administered by MSIG and everything would be verifiable on-chain.

Suggested Regional DAO /WPS Funds

  1. China
  2. SEA — (South East Asia & Australia)
  3. Africa
  4. Europe
  5. Americas

Where does the money come from?

Funding for this should be provided by the stagnant tokens sitting in eosio.ramfee (these tokens a from pre-REX ram sales, and to date there has been no proposal for their usage)

This is more than enough to test the idea, without any risk for the community.

We could start with 5 regional funds managing 200k EOS each for 12 months.

If the model is successful, it will be simple to make the case to continually fund the program with community resources. (Until that time we should reduce inflation to 1% and perform another burn of eosio.saving.)

I propose that each DAO operate independently and autonomously, set their own criteria for funding and have a quarterly reporting schedule but some of the categories could be:

  1. Marketing
  2. Educational Events
  3. EOSIO conversion fund (attract projects which are struggling on other stacks)
  4. Public Relations
  5. EOSIO Core Development & Quality Assurance

The strongest asset we have on this project is our Community, So lets work on the UNITY part and work together and start playing to WIN again.

All of this could be put together in less than a month, we have all the tools ready.

What do you think?

Written by

eosDublin

Block Producer in Republic of Ireland. Here since the beginning. Always looking to add value. If you have read this far, much love.

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