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Request for Funding: Empower The DAO - Project 1 #171

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merged 21 commits into from Jul 12, 2019

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commented Jun 26, 2019

See the Guide for submitting a new Request for funding for further details on submitting a request

Request for Nest membership and funding (Empower The DAO - Project 1)

This request for membership of, and funding through the Aragon Nest Programme was made further to this proposal being approved on 18 June 2019 by @LouisGrx.

Team name: Empower The DAO.

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Proof of concept: The Livepeer Aragon App which empowers an Aragon DAO to perform roles on Livepeer's Protocol.

Burn rate: the burn rate will vary throughout the project, due to varying resourcing levels dedicated to delivery. The phasing of the fees break down as per the schedule below:

  • 10,000 DAI for Phase 1 - Research & Design (2 weeks)
  • 20,000 DAI for Phase 2 - Development & Test (7 weeks)
  • 5,000 DAI for Phase 3 - Audit & Release (3 weeks)

Legal structure: Aragon DAO with address empowerthedao.aragonid.eth.

Team and roadmap: here is more information about the Empower The DAO team, and the proposed roadmap for this project

Proposal

This project proposes to to build Minimum Viable Aragon Agent Applications to empower DAOs to interact with the protocols being developed by some other well-known Ethereum-based projects.

Once installed, the applications will appear in the App Selector, allowing users of that DAO to interact with the applications connecting to other protocols.

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Specific Deliverables

The project proposes to build these applications, which will be available for any Aragon DAO to install:

  • Uniswap App - empower a DAO to swap ETH with tokens.

  • Compound App - empower a DAO to deposit and withdraw ETH, and earn interest.

Also, the project will attempt to also deliver, however this is not guarantee, but will be done on a "best efforts" basis:

  • ENS App - empower a DAO to manage namespace using ENS.

chrishobcroft and others added some commits May 16, 2019

Merge pull request #1 from willjgriff/patch-1
update individual bio
Added milestones and provisional dates
Dates subject to change, further to review with @willjgriff
Updated, new dates pending approval.
Updated with new proposed dates, pending approval of funding.
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commented Jun 26, 2019

CLA assistant check
All committers have signed the CLA.

@chrishobcroft chrishobcroft marked this pull request as ready for review Jun 26, 2019

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commented Jun 27, 2019

I would like to add that during my initial interactions with the communities of these other project, I have received only positive feedback and excitement about this project.

Here is some of the feedback:

MakerDAO

From community members:

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From Nikolaj Lollike (MakerDAO Integrations Team):

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Uniswap

From Hayden Adams (Founder of Uniswap), and other community members:

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ENS

From Nick Johnson (ENS Project Lead):

image

Compound Finance

From Robert Leshner (Founder of Compound):

image

From Geoff H. (Compound Github Admin):

image

@DBrettRobertson

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commented Jun 28, 2019

This looks like a great initiative would be fantastic to see this funding request get approved.

@jflatow

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commented Jun 28, 2019

Can't wait for this to exist!

@Arachnid

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commented Jun 28, 2019

We'd love to see support for Aragon orgs managing ENS names.

@LouisGrx

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commented Jul 3, 2019

Hey there,

This is an awesome proposal, however we are short on funding for this given Nest budget. We were wondering if it'd be possible for you to cut down the proposal to 2-3 first app integrations in order to bring the funding down to $35K with a ANT30K reward. If those are successful we hope that the next Nest budget will be able to fund the entire proposal.

Thanks for your understanding.

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commented Jul 3, 2019

So excited about this proposal! these apps will really supercharge Aragon DAOs and drive forward the ecosystem

@chrishobcroft

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commented Jul 3, 2019

Responding to the comment from @LouisGrx:

Hey there,

This is an awesome proposal, however we are short on funding for this given Nest budget. We were wondering if it'd be possible for you to cut down the proposal to 2-3 first app integrations in order to bring the funding down to $35K with a ANT30K reward. If those are successful we hope that the next Nest budget will be able to fund the entire proposal.

Thanks for your understanding.

We have discussed within the team, and we have a proposal which fits within the constraints you have laid out.

First, it's important to state that a large part of the work plan included the build of a "template", which we would be re-used across all the 4 apps. It would be our recommendation to proceed with the creation of this template.

So for the budget you proposed, we would commit to delivering the "template", plus integrations with Uniswap and Compound.

This would provide the combined functionality to allow any DAO to

a) stabilise e.g. their ETH into DAI, using Uniswap, and then
b) generate interest using that DAI within Compound

We believe that this ought to be useful functionality for any DAO in these volatile markets.

We would also propose to deliver the ENS app if there is time, which we think there will be, but can't guarantee it. As such, I suggest we link part of the success reward to this, to account for this uncertainty.

We would then look to integrate with Maker DAO as part of a follow-on project, if you so desire.

So our proposal is:

  • 35k DAI funding
  • 20k ANT for successful delivery of Uniswap App and Compound App
  • 10k ANT for Successful Delivery of ENS App

Do you agree?

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commented Jul 10, 2019

Hello @chrishobcroft, @willjgriff,

Thanks for your patience, It took some time for us to check that everything would fit within this Nest budget. Provided you can update the proposal content and roadmap to the terms proposed in your last comment, we are going to approve the Empower the DAO proposal.

Keep us posted for a final check!

chrishobcroft added some commits Jul 10, 2019

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commented Jul 10, 2019

Thanks @LouisGrx - I have now updated the documents as requested.

Please confirm if there is anything more we need to do?

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commented Jul 12, 2019

Everything looks good!

We will approve this RFF :)

Let's keep in touch for the next steps!

@LouisGrx LouisGrx merged commit 4991b8b into aragon:master Jul 12, 2019

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