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TileDAOTileDAOby0x63A2368F4B509438ca90186cb1C15156713D5834peri.eth

Increase TILE reserved rate for funding cycle #4

Voting ended over 4 years agoSucceeded

Context

In the TileDAO treasury, TILE token reserves are currently set at 10%. This means that whenever the treasury is paid, 10% of all TILE minted are added to a reserve pool. Until recently, 100% of those reserved TILE tokens were distributed to @peripheralist.

With the start of funding cycle #3 on July 29, TileDAO added four new paid roles, creating ETH payouts from the treasury for each new role and reallocating the TILE reserves as follows:

  • peripheralist.eth: 37.5%
  • atomicmieos.eth: 17.5%
  • jango.eth: 17.5%
  • 0x7cc4E967242E1CaD92152d47AE0bB9169e97d553 (errorgardener): 17.5%
  • 0xD337fCcaec6eA113BAAcCa3a41EB8766706a0706 (mvh3030): 10%

Proposal

Increase the reserved TILE tokens from 10% to 40%, while keeping the distribution percentages outlined above.

Why?

This would allow contributors to the DAO to be paid more fairly, without spending more of the treasury's ETH. Because TILE tokens become more valuable as the treasury's balance grows, contributors who are paid in TILE will have more incentive to ensure the DAO is well-funded.

It's important to note that increasing reserved tokens from 10% to 40% will mean that anyone who buys a Tile will earn proportionally less TILE tokens, as 30% more of those minted TILE will be sent to the reserved pool. However, reserving more TILE for DAO contributors is an opportunity to create more value for the community in the long term.

Off-Chain Vote

Increase reserve rate to 40%
20.41M 100%
Keep reserve rate at 10%
0 0%
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Timeline

Aug 02, 2021Proposal created
Aug 03, 2021Proposal vote started
Aug 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated