Provide Grant To Coordinape

co-authored: Max (farmerdefi) & @lumberg

Summary

Coordinape is a product for DAOs first built for Yearn Finance – and is now growing to service other DAOs. Coordinape enables DAOs to scale communities with tools to reward contributors, incentivize participation, and manage resources.

Today, C.R.E.A.M. Finance uses Coordinape to allocate payments to all non-core team members.

We propose that Coordinape receives a grant of $50,000 $USDC from the CREAM Treasury.

For: Grant Coordinape $50,000 $USDC to help them scale their offerings and continue working closely to fulfill the needs of C.R.E.A.M. Finance.

Against: Do Nothing.

Motivation

C.R.E.A.M. Finance uses Coordinape and we want to see them succeed.

Background

How does Coordinape work: Each Coordinape member will have a set quantity of “allocation points” – which they can distribute to other members whom they have worked with during a given month. Members with the most interactions and allocations will receive weighted portions of the grants budget.

As described by Tracheopteryx of Yearn Finance, the ultimate goal is to “move more decision-making powers off of the multisig’s shoulders and onto a network of autonomous and self-managed teams.”

We want to ensure all community members get paid for work they are doing to benefit C.R.E.A.M. Finance … and want to provide a grant to Coordinape to see this become a reality.

3 Likes

+1. Coordinape has the potential to provide a long-term history of value flows that is vetted by third parties, all of which is transparent. It’s both a reward and incentive mechanism for providing value, and has the potential to systematically spread out the provision of rewards in a decentralized yet fair way.

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The voting will begin shortly
https://vote.cream.finance/#/cream-finance.eth/proposal/QmZmWAx91yKni8yVLTCQQ3uHfGpBJGcuUgnKVMaHFGGxvR