Shaping the Future of Korra Together: Unveiling the Korra Community Empowerment Initiative
In the ever-evolving landscape of decentralised finance, community engagement and empowerment lie at the heart of innovation. Korra, in its commitment to fostering a vibrant and influential community, is thrilled to introduce an initiative aimed at recognizing and rewarding the invaluable contributions of our community members, both past and future. This initiative not only emphasises the importance of the DAO but also underscores our dedication to placing control and authority firmly in the hands of the community.
Task 1: Unifying the DAO Council for Korra:
The first step in this empowering journey is to bring the DAO together, encouraging active participation in shaping its destiny. The community is currently voting for their new DAO Council, a vital entity responsible for guiding the community through the upcoming Korra transition. What makes this initiative powerful is our commitment to continuity — the Revault DAO Council has the option to seamlessly transition into the Korra DAO Council, should the community wish to maintain its trusted leadership. As the new Council’s first task, in collaboration with the community, we encourage them to create a comprehensive document outlining the DAO Council’s roles and responsibilities for the future. This document will not only guide the current Revault DAO Council but will also govern the Korra DAO Council in future. We invite you to participate in the voting process here, and contribute to the creation of this crucial document.
Task 2: Monthly Distribution of DAO Treasury Fund rewards:
Once Korra is launched, the community will witness the tangible impact of their participation as DAO trustees distribute a percentage of the DAO treasury fund on a monthly basis. The initial proposed allocation includes 40% to Staking Pools, 30% to LP providers, 30% to Vaults. We propose an amendment of this, allocating 10% (taken from the Staking Pool allocation) to DAO Trustees, DAO Council, and an ongoing rewards pool for user activity. A carefully crafted document, governed by the DAO, should outline this allocation and distribution process. Any proposed changes to the allocation will be subject to democratic voting by the community, ensuring a fair and transparent system. Analytics should play a crucial role in determining the value created both within the community’s internal channels and across various external platforms.
Task 3: Rewarding Loyalty and Contribution:
To further highlight the community’s significance, the operational team has set aside a reward pool of 250,000 REVA. While the allocation of this reward pool is at the discretion of the DAO, we suggest 20% of this pool be dedicated to retrospective recognition, acknowledging past loyalty and contributions from the DAO community. The remaining 80%, to be distributed over the next 6 months, will reward those who create the most value during this pivotal transition period. The metrics for determining rewards should be decided by the DAO, ensuring that the community itself recognizes and celebrates its standout contributors. The aim of this initiative is further decentralisation of token holdings and facilitation of the seamless transition into, and promotion of Korra, spreading awareness, scrutinising the litepaper and features, contributions to the above mentioned governance documents, encouraging innovative suggestions as well as broadening our community.
Korra’s Community Empowerment Initiative is not just about rewarding contributions; it is about creating a dynamic and influential community that actively shapes the future of Korra. This decentralised ecosystem is built by the community, for the community, and together, we will continue to redefine the possibilities of decentralised finance. Join us on this exciting journey as we pave the way for a more inclusive, participatory, and empowered future.
