Namada Builder Allocations Round 1 - 2.05m NAM

Thanks for putting this proposal together @gavin - and thanks @Daniel @shurinov @alx and others for the contributions (I don’t know everyone’s handles).

I support the proposal as-is, as retroactive public goods funding for many months of hard work, development, and support – Namada is very lucky to benefit from a great diversity of explorers with different strengths, features, and even aesthetics. I think these allocations are generous – but also deserved. Amazing work all! :tada:

Personally, I do not think this topic is the right place to litigate specific evaluations or amounts – I am not going to participate in that discussion here, and I think amount-debating energy would be better redirected into designing mechanisms for future evaluation. Picking amounts is hard, and we have to be really careful about accidental perverse incentives – e.g. we want contributions to Namada to be rewarded by how much they contribute to the public good, not how good people are at debating allocations on forums (which is not at all an equally distributed skill, especially considering time constraints, language barriers, etc.). I can imagine a few directions to go here:

  1. Split public goods funding proposals into a framework-allocations flow – where first we try to agree on a framework, including how amounts will be determined (roughly) and who will perform the evaluations (which will still require lots of human input, even with a framework) – and focus our debating energy towards coming up with a clear framework. I think we might even want to agree not to debate amounts after we’ve picked the framework and evaluators, unless there are absolutely egregious errors (e.g. the evaluator recommends allocating all the tokens to themself), and simply consider other evaluators in the future if we’re unhappy with the evaluations.
  2. Come up with a polling mechanism, where e.g. staked NAM bond-holders can vote, or delegate their votes to a third party, where the third parties will select allocation amounts for specific projects (the main idea here is to make picking amounts a bit more “democratic” and reduce the pressure on a single evaluating party). This comes with some disadvantages, though.
  3. Totally empower stewards: agree not to debate steward allocations at all, except when they specifically request feedback. If the community really doesn’t like how a particular steward in making decisions, governance can veto their proposals (and kick out the stewards). This approach requires some more “incremental” trust in the steward to perform specific evaluations, but it might be the most efficient option, and personally I think moving quickly and growing Namada’s public goods ecosystem is more important than creating more process flow around evaluations.
  4. In conjunction with (4), we could even empower stewards to make some PGF allocations privately, and disclose afterwards (after some period) what they’ve allocated to (after some time, the community can evaluate whether or not they’ve been doing a good job and decide whether to keep them in the position or not).

This should likely become its own topic – just wanted to share some thoughts after reading this thread.

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Namada unfortunately doesn’t benefit yet from a great diversity of custom UIs, only Namadillo and our custom InSync UI. Maybe it is an indication of the required effort and work? Explorers there are a few great ones but custom UI only one. Since the mainnet launch with phase 1 until phase 3 at the end of february, for three months we provided the same functionality as Namadillo but with a more user friendly, intuitive interface and more trusted also, since instead of a Namadillo instance hosted by a little known entity, we Cosmic Validator and OmniFlix are well known and trusted in Cosmos for years. We kept working hard and now our advanced features like MASP tab and IBC transfers tab are almost ready also. If you have been so generous with explorers I expect at least the same with our hard work, especially given that explorers there are a few but custom UIs only us

Bookmarking :bookmark:
I appreciate these considerations, especially since we (Luminara) are interested in the Namada PGF steward role.

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The mainnet proposal has launched, see: https://explorer75.org/namada/proposals/14 :rocket:
Voting will begin at 23:18 UTC today (Apr 1) and last for 5 days.
Reminder :warning: validators will only be able to vote during the first 3.33 days (80 hours).

The testnet proposal was tested here: https://explorer75.org/namada-housefire/proposals/19

There was one error in the test: an incorrect tnam address, which was corrected. See: https://www.diffchecker.com/bdGp84Ru/

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Please congratulate our builders :heart_on_fire:

Yesterday the Namada protocol carried out the will of the voters and executed the distribution of 2.05 million NAM in total :fire:

Be sure to scroll to the top and check out what they’ve built :star_struck:

(Discord announcement here)

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