FIP-9: Grant Sucessful FIP Proposers a Bounty

Authors

Mark11 and Wa

Summary

Authors of successful FIP are granted a bounty of $500 USD worth of FXS and a unique NFT bearing the FIP number.

Background

It is proposed that the authors of each passing FIP (to begin after this proposal) be rewarded with a Grant of $500 USD worth of FXS from the community fund and a unique NFT bearing the FIP number - the amount will be split between the authors if there is more than one author and each author will receive the unique NFT.

Purpose

Taking the time to make a proposals is costly to individuals or groups - deep thinking, seeking and engaging with feedback and putting social credibility on the line when making a FIP is valuable. Making FIP’s that the community agrees with and passes are vital to the continued existence of the protocol and should be encouraged.

Motivation

At present there is no incentive for making Frax improvement proposals - FIP-9 fixes this.

Yes: Authors of passing FIP’s be rewarded with a bounty of $500 USD worth of FXS from the community fund and a unique NFT bearing the FIP number.

No Change: Do not create rewards for successful FIP authors at this time.