Selection of Contributor for Developing the Keyper Incentive Mechanism and (delegated) Staking

Voting ended over 1 year agoSucceeded

Simple Summary and Motivation

This proposal seeks to select a technical contributor to develop the Keyper Incentive Mechanism and (delegated) Staking for Shutter DAO 0x36, based on the responses to the recent Request for Proposals (RfP). Additionally, this proposal seeks to approve an adjusted budget to accommodate the budget requests from the contributors.

Objectives and Background

Objectives

Select a Contributor: Choose one of the responding contributors to develop the Keyper Incentive Mechanism and Staking.
Adjust Budget: Approve an adjusted budget to accommodate the higher budget requests.

Background

Following the positive reception of the proposal for developing a Keyper Incentive Mechanism and (delegated) Staking, and its subsequent approval on Snapshot on March 10, a Request for Proposal (RfP) was issued on March 14. Several contributors have submitted their bids by the set deadline of May 10. Each contributor provided a detailed scope of work, approach, references, and associated budget requests (including disbursement schedules). The budget requests differ from the originally allocated budget. The details of the submitted bids are as follows (contributors in chronological order):

Blockdudes - 70,000 SHU + 35,000 USDC
Blockful - 50,000 SHU + 35,000 USDC
General Magic Option A - 50,000 SHU + 35,000 USDC OR Option B (extended scope) - 100,000 SHU + 50,000 USDC
SDLC Corp - 28,350 $ (resp. USDC)
Subvisual - 60,000 SHU + 57,600 USDC

Given the higher budget requests, the Shutter DAO 0x36 will need to approve the necessary budget adjustments. The selected contributor will receive the specified amount of SHU tokens and USDC as per their bid.

Execution

Vote on Snapshot: Shutter DAO 0x36 members will vote to select the preferred contributor and approve the adjusted budget via a Snapshot vote.

Only one contributor will be selected to fulfill the RfP.
The selection will be done by the Shutter DAO 0x36 members via a Snapshot vote.
The selected contributor must adhere to the agreed-upon timelines and milestones for the development of the Keyper Incentive Mechanism and Staking.

Disbursement: The selected contributor will receive the agreed-upon amount of SHU tokens and USDC from the Shutter DAO treasury. The disbursement will follow the timeline, agreed vesting schedules and milestones specified in the original RfP. For the disbursement separate Fractal votes are required.

Contribution: The execution of the contribution will start as soon as possible unless otherwise defined the contributors proposal.

Vote

Members of Shutter DAO 0x36 are invited to vote on this proposal using the following options via single choice voting:

Select Blockdudes and approve required budget
Select Blockful and approve required budget
Select General Magic (Option A) and approve required budget
Select General Magic (Option B) and approve required budget
Select SDLC Corp and approve required budget
Select Subvisual and approve required budget
Select non of the contributors
Abstain

Off-Chain Vote

Select Blockdudes

766.72K SHU2.5%

Select Blockful

13.8M SHU45%

Select General Magic (Option A)

10.03M SHU32.7%

Select General Magic (Option B)

880.39K SHU2.9%

Select SDLC Corp

91.41K SHU0.3%

Select Subvisual

1.09K SHU0%

Select non of the contributors

0 SHU0%

Abstain

5.09M SHU16.6%

Quorum:102%

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Discussion

Selection of Contributor for Developing the Keyper Incentive Mechanism and (delegated) Staking

Timeline

May 16, 2024Proposal created

May 17, 2024Proposal vote started

May 20, 2024Proposal vote ended

May 20, 2024Proposal updated

Simple Summary and Motivation

Objectives and Background

Objectives

Select a Contributor: Choose one of the responding contributors to develop the Keyper Incentive Mechanism and Staking.

Adjust Budget: Approve an adjusted budget to accommodate the higher budget requests.

Background

Blockdudes - 70,000 SHU + 35,000 USDC

Blockful - 50,000 SHU + 35,000 USDC

General Magic Option A - 50,000 SHU + 35,000 USDC OR Option B (extended scope) - 100,000 SHU + 50,000 USDC

SDLC Corp - 28,350 $ (resp. USDC)

Subvisual - 60,000 SHU + 57,600 USDC

Execution

Vote on Snapshot: Shutter DAO 0x36 members will vote to select the preferred contributor and approve the adjusted budget via a Snapshot vote.

Only one contributor will be selected to fulfill the RfP.

The selection will be done by the Shutter DAO 0x36 members via a Snapshot vote.

The selected contributor must adhere to the agreed-upon timelines and milestones for the development of the Keyper Incentive Mechanism and Staking.

Contribution: The execution of the contribution will start as soon as possible unless otherwise defined the contributors proposal.

Vote

Members of Shutter DAO 0x36 are invited to vote on this proposal using the following options via single choice voting:

Select Blockdudes and approve required budget

Select Blockful and approve required budget

Select General Magic (Option A) and approve required budget

Select General Magic (Option B) and approve required budget

Select SDLC Corp and approve required budget

Select Subvisual and approve required budget

Select non of the contributors

Abstain