[TempCheck] SHU Snapshot Boost

Proposal Title	Author(s)	Status	Type	Created
[RFP] Allocate SHU for incentivised voting on snapshot.	DAOplomats.eth (@Baer_DAOplomats)	Proposed	off-Chain	13.06.2024

Summary:

This proposal proposes the following.

Allocate 150,000 SHU for a 3-month trial run for a snapshot boost.

Motivation & Background

Voter apathy is one of the many problems DAOs face today. During the initial days, they usually see higher engagement on forums and proposals, which is followed by a decline in participation rate. DAOs from the previous cycle are experimenting with different methods, including professional delegation to governance coaxing.

Snapshot recently introduced the Boost protocol to tackle this issue. Under this protocol, authors can incentivize voters to vote on proposals. Shutter DAO currently has an average of 30 voters, with more than 70 voters voting on some proposals. Shutter DAO is part of the initial cohort of beta testers for Boost. We have been testing the Boost with test net tokens and are yet to start ‘Boosting’ with the main net assets.

Further read:

1. Introducing Boost: governance rewards made easy — Snapshot Labs
2. Snapshot Boost (beta) - Request for Feedback - Shutter DAO
3. https://docs.snapshot.org/faq/im-a-snapshot-user/boost

Specification

The strategy aims to allocate a maximum of 150,000 SHU tokens for proposals over the next 3 months.

A budget of 5000 SHU is allocated per proposal, with a maximum of 10 monthly proposals. The proposal author can decide how the boost should be structured. Snapshot currently supports a Lottery or a distribution based on voting power.

SHU allocation per post: 5000

SHU allocation per month: 50000

Unallocated tokens will not be carried over to the next and will be returned at the end of the trial.

Network of distribution.

Due to the relatively low number of tokens, DAOplomats proposes distributing them to tokens on the Optimism and Gnosis networks rather than the Ethereum L1. The funds will be allocated to a gnosis-safe on the respective networks.

Next Steps

1. Gain community sentiment in the proposed direction [Snapshot vote]

Disclaimer

No Guarantee of Results; and Limitation of Liability:

This proposal is neutrally presented based on current community sentiment.

DAOplomats is not compensated for this proposal and is not associated with any of the parties mentioned in the proposal above.

Given the evolving nature of the Defi ecosystem, we acknowledge that the proposed changes carry inherent risks and uncertainties. However, we have taken every precaution to ensure the thoroughness and viability of this proposal, and we are confident that it can yield the intended results with your support and involvement.

The author(s) and associated parties are not liable for any outcomes or damages from this proposal’s implementation or lack thereof.

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Copyright

Copyright and related rights waived via CC0.