Proposal - Delegate Incentive Program (DIP)

[SEEDGov]

Hello Thank you for your comments, here are the answers:

@Gabriel

(>50k voting power and >60% participation in onchain votes) for a period of 3 months to be eligible for the program.

I think this desincetivates new delegates and perpetuates the current. A 50k voting power for 3 months is almost imposible to achieve for people that are not whales.

We understand this situation, but the reason we are doing this is to reduce the gameability of the program. We also agree that this should change in the future to be a little more inclusive, but we want to scale the program gradually.

@EzR3aL

Okay so >60% participation within 90 days.
But what does that mean for me for example? I started voting in May. Will I be reset and basically have to start from scratch?
Because I am now somewhere between 40-50%.
So I could reach 60% probably next month.

Your score will not be reset every month, when the program starts (obviously with the DAO’s authorization), we will take the historical tally participation of the last 90 days.

This means that if for example the program starts on October 1st, the delegate’s tally history will be determined by his/her participation in the voting in the months of July, August and September.

@Bruce

Overall, I believe this new one-year program is more refined and will be more effective than the previous experimental program. Still, two piece of advice as follows:

1、Bonus Point (BP)
"If the delegate makes a significant contribution to the DAO, it’s automatically granted +30% extra TP. This extra is at the discretion of the program administrator.”
The reward for BP is quite substantial. It would be helpful to provide specific details or requirements, or examples of past rewards for special contributions to serve as a reference for other delegates.

2. Promotion of the Forum
This new incentive program frequently mentions the activity of forum users and the discussions that shape proposals on the forum. However, in reality, many users may simply vote online or offline and might not even know about the existence of the forum, thereby missing the opportunity to truly participate in the proposal formation process. As the official statement mentioned, “Currently, only 30% of delegates meeting this requirement are part of the program.” If the participation rate among users holding large amounts of tokens is this low, the likelihood of more regular users participating is even lower. The official channels could increase the forum’s visibility on social platforms.

Thank you for asking this question, in the previous program results, for example April, you can get a breakdown of the rubric and the criteria selected for assigning Bonus Points.

Our idea is to continue in this way, evaluating significant proposals month by month in order to determine the allocation of bonus points. It is important to clarify that the rules will remain the same to this, bonus points will only be assigned to proposals that do NOT request funds from the proposal creator.

As mentioned here:

@SEEDGov

How can I earn Bonus Points (BP)?

As outlined in the proposal, at the end of each month, delegates who have submitted proposals of significant impact to the DAO (such as L2BEAT with its proposal on security council changes) will have the opportunity to earn bonus points (up to a maximum of 30%) which will be added to their final score for the month.

It’s crucial to emphasize that this bonus will only be awarded to proposals that do not have funds allocated to the creator, aiming to prevent double funding within the DAO.

Also, with respect to promotion of the forum and the program in general, for this iteration, we will be reaching out to inactive delegates to explore the possibility of how to motivate them to participate in the program.