Infrastructure for LANDs

by 0x8218a2445679e38f358e42f88fe2125c98440d59 (1010)

Linked Draft Proposal

Infrastructure for LANDs

Summary

This governance proposal is to advance the setting up of infrastructure for LANDs use by the community.

Abstract

4 polls were conducted and 3 conclusions were derived.

1. Create a specific category for LAND related matters on the DAO proposal page named "LAND".

Refer to Annex (A)

2. All proposals will be decided on a case by case basis, including the permitted tenure as well as whether cost is involved.

Refer to Annex (B) and (C)

3. The 'Acceptance Threshold' should be set at 2m Voting Power for 1 parcel, and thereafter, a dynamic threshold is triggered.

Refer to Annex (D)

Motivation

With the successful passing and subsequent enacting of the LAND purchase agreement by the DAO, infrastructure should be set up to allow all members to start using LAND.

Through various consultations held in the past months, the DAO has come to an agreement to set up a process in which potential tenants can submit applications for approval by the community.

Specification

There are 5 key goals to be achieved with this proposal.

1. Create a specific category for LAND related matters on the DAO proposal page named "LANDs".

2. Implement an application form format for potential tenants. The form will include categories such as location, title, purpose, amount of time to be occupied, rent payable PER DAY during occupancy (if any) and other information.

3. Set the 'Acceptance Threshold' at 2m VP for the 1st parcel and 200k VP for each of the remaining parcels thereafter. The allotted time for each vote will be 7 days. It'll work out as follows:

1plot: 2m VP

2 plots and above: 2m VP + [(total plots-1) x 200k VP]. For example, 6 plots will be 3m VP.

4. A maximum tenure of 90 days for members and 180 days for Squads will be implemented.

5. Proposals for the use or revocation of LAND need only go through 1 round of application, similar to POIs.

Impacts

Cost to buy LAND is always a consideration for developers when deploying their work inside Decentraland. Should this proposal be passed and enacted, the DAO will be able to provide the community and potential entrants with more cost effective options, thereby alleviating concerns about cost, especially in the early/developmental stages.

As renting/providing LAND to community members is a novel idea to the DAO, there will be risks involved, such as the possibility of hoarding, misuse or the lack thereof. Therefore, revision of conditions will be needed down the line depending on what issues the DAO experiences during the intial process. A review in 6 months is recommended.

Implementation Pathways

1. Create a specific category for LAND related matters on the DAO proposal page named "LANDs". All matters OTHER THAN the transfer, sale/purchase, modifying the name and contract of LAND/ESTATEs should fall under this category. This includes but is not limited to rentals, revocations, renewal of tenure etc.

2. Implement an application form format for potential tenants. A sample of the form will be provided in the comments.

3. Set the 'Acceptance Threshold' at 2m VP for the 1st parcel and 200k VP for each of the remaining parcels thereafter. The formula will be 2m VP + [(total plots-1) x 200k VP]. The allotted time for each vote will be 7 days.

4. The tenure for LANDs will be denominated in 7, 30, 60 and 90 days. A 180 days option will be available for Squads. This will be reflected in the application. All tenure will begin from the time they are successfully delegated as ‘operator’.

5. Proposals for the use or revocation of LAND need only go through 1 round of application, similar to POIs.

6. Upon approval, if no monetary transaction is involved, the tenant will be given 'operator' permission for the stipulated time. If a monetary transaction is involved, the tenant will have to make the full transfer of the rent before being set as operator.

7. Gas fees cannot exceed 70 GWEI per transaction. This is to ensure that DAO funds are not depleted quickly should there be a surge in gas fees.

Conclusion

With the governance proposal for LAND purchase enacting soon, setting up the infrastructure for use of LAND is the next step. This will ensure that a proper process is present to prevent confusion as to how applications for use works.

Annex (A) https://governance.decentraland.org/proposal/?id=b2344a30-e6af-11ed-b8f1-75dbe089d333

Annex (B) https://governance.decentraland.org/proposal/?id=a1e99ae0-e6af-11ed-b8f1-75dbe089d333

Annex (C) https://governance.decentraland.org/proposal/?id=8acd2980-e6af-11ed-b8f1-75dbe089d333

Annex (D) https://governance.decentraland.org/proposal/?id=d36e9660-e957-11ed-a775-5faf35384fa8

This proposal is summarized due to technical limitations. To view it complete and vote on it, visit the DCL DAO Governance dApp