A fraction (we propose 150k) ALD tokens allocated each epoch for Boule Council rewards should be distributed to three Boule Council members determined by the community to have contributed the most outside their normal voting and presentation duties. This might mean advocating for Aladdin in public channels (Twitter, interviews, etc) or it may mean presence and participation in community discussions on Discord or via other media. If it is outside the normal function of a Boule Council member and the community feels it is beneficial, it counts.
Note this proposal is only an adjustment to the existing structure, it does not allocate new tokens to the Boule Council.
Currently the Boule Council is compensated with ALD tokens based only on their voting history. This is great for incentivizing smart voting and selection of good protocols, however it does not reward broader participation with the community, or assistance in growing the community. Many Boule Council members are uniquely positioned to assist with both. As the mission of Aladdin coalesces around the idea of sharing knowledge and learning, and of course as we look to try to grow that community, there is a huge opportunity for Boule Council members to have a very high impact by participation outside their research and voting responsibilities. By carving out a small part of Boule incentives for those who help out in this way, we create an incentive for contributing to the community in other ways.
Each epoch a snapshot vote should be created for staked ALD holders (once v2 goes live) to vote for one or more Boule Council members who they believe distinguished themselves by growing or participating in the community in a meaningful and helpful way.
After each vote, the DAO will manually allocate 50k ALD to each of the top three voted members of the Boule Council.
The total allocation for Boule Council members will remain the same, but the ‘bonus’ allocation helps provide an incentive to chip in in other ways, to the benefit of everyone.
The polling process begins now and will end around 14:00 UTC on 29/11/2021. If Quorum is reached, a Snapshot Vote will be put up shortly thereafter.
- Yes, allocate some Boule Council rewards by community vote
- No, do not change Boule Council allocation structure at this time (see comment below)
*Posted on behalf of the AladdinDAO core contributors team.