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Proof of Good DAOProof of Good DAOby0x509aE0997a27bf7310AaAb7C5ecE473BB8b562470x509a…6247

Definitions and Criteria for Oracles and Partners

Voting ended almost 4 years agoSucceeded

The Oracle Integration pod has discovered we need to clarify the definitions and requirements of Oracles and Partners, and to differentiate between two types of Oracles.

ORACLE DEFINITION & CRITERIA

We propose the following required criteria to submit a proposal to become an Oracle in the Proof of Good DAO:

  • Positive social impact activities are part of the routine operations and mission of the organization.

  • The organization must be willing and able to validate their own list of social impact activities (actions that are eligible for earning Good Points) and their validation methods must meet PoG standards.

  • Any organization wishing to become an Oracle must submit a proposal and be voted in by PoG DAO.

  • We also propose that we create two categories of Oracles defined as follows: ••• Type 1 Oracle must be either a non-profit organization or registered charity. This is so the PoG DAO treasury may donate Good Tokens from our treasury and reward them for acts validated in compliance with our tokenomics model.

••• Type 2 Oracle may be a for-profit entity, a DAO or an academic institution. They do not receive Good Token donations from the PoG treasury for acts validated, but may receive other benefits, incentives and rewards as determined by the leadership team.

PARTNER DEFINITION & CRITERIA

Partner is defined as:

  • An organization who wants to support the PoG mission and who has a community they can activate to engage with the PoG ecosystem to perform social impact actions or Good Deeds.
  • Positive social impact activities are not part of their routine operations. -They do not, will not or cannot perform their own validation of activities at the level of PoG standards. -PoG leadership team may form and structure partnership agreements (without any need for DAO vote), which may include incentives and rewards.

Background: The need for these criteria and definitions arose as we grappled with an Oracle Integration use case where an organization had been voted into the PoG DAO as an Oracle but was unable/unwilling to perform their own validations and did not have any social impact activities as part of their routine operations. So the main differences between an Oracle and a Partner is whether or not they perform their own validations and whether the eligible social impact Good Deeds are part of their routine operations and activities.

The need for differentiating between two types of Oracles arose in response to developments in the tokenomics model (and certain legal and tax considerations) that could have limited Oracles to non-profit or registered charities only. The solution we came up with was to create two types of Oracles with different ways to incentivize and/or reward validation of Good Deeds. This ensures we can onboard thousands of social impact organizations into the PoG ecosystem.

Off-Chain Vote

Yes
94 POGP94%
No
6 POGP6%
Quorum:125%
Download mobile app to vote

Timeline

May 06, 2022Proposal created
May 06, 2022Proposal vote started
May 11, 2022Proposal vote ended
Oct 26, 2023Proposal updated