VIP 11: Bounty Board Funding - Round 2

Abstract:

• Herein we propose to approve funding to extend the Varen Bounty Board initiative to continue empowering the community to participate in the building of the Varen DAO.

Motivation:

• The Bounty Board has been a successful method of bringing community contributors in to assist with smaller tasks surrounding the Varen DAO and it is this proposal’s aim to fund the continuation of this effort.

Specification:

• In order to enact this incentive program, it is proposed that 120 VRN be earmarked for Bounty Board purposes. This second round of funding is estimated to last for approximately 6-9 months of operation of the bounty program. The 120 VRN will be sent from the treasury to a wallet controlled by the Community Council. Bounties will be paid upon completion of task unless otherwise negotiated.

• Framework for Bounty Values and Determination will follow the original framework from VIP 5.

Round 1 (VIP5) Statistics:

• The original funding set aside in VIP 5 was expected to last for 3-6 months, however, it ended up lasting closer to 8 months.

• Bounties were used for the following purposes

  • 81.7% Translations for VarenX and Gitbook
  • 16.3% Content Creation
  • 2.0% Gitbook Content Creation

• 28 Community Members representing 19 languages participated in the Bounty Program, with 14 Community Members completing at least 2 Bounties.

Voting options:

• For:

  • Execute proposal, 120 VRN will be earmarked for the Bounty Board program and sent to a Community Council wallet

• Against:

  • Do not execute the proposal, no funds will be earmarked or moved for this purpose.