BIOPSY-Proposal: Analysis And Closing of bio/acc Season 1

TLDR

• bio/acc Season 1 ran for six months from July 18, 2024 until Jan 13, 2025.
• A total of 132.8M BIO were allocated to the bio/acc reserve for ecosystem builder incentives over all seasons.
• Key goals: Utilize BIO token rewards to accelerate the growth of our BioDAOs, as well as their research and products, while establishing standardized performance milestones and metrics for BioDAOs, as governed by BIO holders.
• 33M BIO incentives have been unlocked in Season 1 and will distributed to BioDAO treasuries .
• VitaDAO, Cerebrum DAO, PsyDAO and Quantum Biology DAO unlocked BIO rewards
• After the end of Season 1, there remain 99.8M BIO in the bio/acc cell that can be distributed over next seasons of bio/acc incentives

Background: the bio/acc incentive program

The bio/acc rewards as ratified in BIOPSY-5 are designed as a strategic program to accelerate the growth of BioDAOs within the BIO Protocol ecosystem through clear milestones, standardized metrics, and financial incentives.

One primary objective of the program was to strengthen incentive alignment between BioDAOs and the BIO ecosystem by fostering collaboration and shared ownership.

The program emphasizes the importance of sustainable BioDAO and IP-token economies as a core driver of the ecosystem’s progression. The program allocated 4% of the total BIO supply (132,800,000 BIO) toward rewards, to be distributed based on key performance milestones, such as IP-Tokens and launching revenue-generating products.

The first rewards were distributed at the outset of Season 1 as retroactive rewards to VitaDAO and CerebrumDAO for achieving established milestones. With the finalisation of Season 1, additional rewards for PsyDAO and Quantum Biology DAO will be distributed.

Metrics Achieved & Rewards Eligibility

Milestone	Metric	Reward (Bio)	Reward type	Documentation	VitaDAO	Cerebrum DAO	PsyDAO	Quantum Biology DAO
Launch IPT (Tier 1)	IPT >$5M FDV for 1 month	5,000,000	retroactive (payed out Oct. 10th, 2024)	-	3x
Token auction on BIO Launchpad	>$1M raised	3,000,000	retroactive (payed out Oct. 10th, 2024)	-	1x	1x
Trading Day (Tier 1)	>$5M global daily volume OR >$1M daily volume on a CEX launch	3,000,000	PsyDAO: Season reward VitaDAO: retroactive - payed out Oct. 10th, 2024	Analysis PsyDAO Analysis VitaDAO	1x		1x
Token auction on BIO Launchpad	>$1M raised	3,000,000	Season reward	https://auctions.bio.xyz/auction/560				2x
Total Rewards	33,000,000 Bio				21,000,000	3,000,000	3,000,000	6,000,000

Daily Trading Volume Reward - PsyDAO

With the increased interest in DeSci at the start of 2025, multiple BioDAO tokens saw a surge in trading volume. One of the largest increases was seen by PsyDAO’s token PSY.

The bio/acc cell underwent specific investigation around the historic daily trading volumes of the PSY token during the bio/acc season 1 period. As the cell had been informed by community members of PsyDAO that the threshold for the daily trading volume reward (>$5Million on DEX) was hit on January 4th 2025, despite showing a peak of $4.8 Million volume on that given day on go-to data sources (Coingecko, Nansen). This would have landed PSY volume just below the reward threshold.

Together with Bio tokenomics partner Vending Machine, the bio/acc cell analyzed hourly trading data more closely and found a 24-hour rolling window in the Night of Jan 4th to Jan 5th 2025, in which PSY trading volume crossed the $5 Million mark across ETH & Base. Thus the bio/acc cell deemed full eligibility for this reward to the PsyDAO community.

Source

• Dune Dashboard
• Evidence on PSY trading volume reward - Analysis on 24 hour rolling windows

Token Auction Reward - Quantium Biology DAO

Throughout the duration of Season 1, one new BioDAO launched on Bio Protocol via the auction mechanism. Closing in mid-December, the QBIO auction raised a total amount of $6.8M in ETH at the time of the auction closing. This substantially outperformed the milestone set for token auctions and therefore the Quantium Biology DAO is eligible for the token auction rewards.

Evaluation of auction reward multiple As per the BIOPSY-5 paragraph “Evaluation”, the bio/acc cell acknowledges that it has reserved the right to apply a reward multiple in exceptional cases where milestones are outperformed. As the QBIO auction has outperformed significantly the >$1M goal with its $6.8M raise, a reward multiple can be applied to this BIO distribution. The bio/acc cell deems a 2x reward multiple for the milestone reasonable for the following reasons:

• Bio Listing Announcement: While we believe that Quantum Biology DAO is an exceptional case study for BioDAOs across science and fundraising, we acknowledge that QBIO faced a very different market reality than other BioDAOs in the ecosystem at point of launching. The QBIO auction profited from an overall increase in DeSci sentiment, led by the announcement of Binance Labs investment in Bio Protocol. Fueling listing speculations, these events brought wider traction to the QBIO auction and therefore favoured QBIO’s auction compared to other DAO auctions on the platform significantly.
• $BIO valuation: At the time the reward program was initiated, BIO had not yet launched and, therefore, did not retain a valuation. Since January, BIO has an open market valuation pricing the rewards respectively. Given the valuation, the dollar-equivalent rewards remain substantial, without ever larger multipliers.

While the proposal allows flexibility, BIO remains committed to protecting the ecosystem from excessive inflation. By applying a measured multiplier, the cell recognizes its responsibility in allocating outstanding rewards while ensuring sustainable token distribution.

Rewards Distribution

As outlined in the initial bio/acc governance proposal, the rewards will be distributed in vesting BIO (vBIO) and will be linearly vesting over a duration of 2 year. The vesting will commence with the passing of this proposal, finalising the season 1 rewards.

Conclusion

The bio/acc Season 1 rewards four BioDAOs with a total of 33 Million BIO based on hitting an array of growth and success markers that showcase sustainable growth of the BioDAO ecosystem as a whole. Rewards will be consecutively distributed by the bio/acc cell. A new season of growth incentives and DeSci growth markers shall be designed and put to a community governance vote as a next step.

The cell wants to thank and congratulate the builders of the ecosystem.