Please describe your proposed solution.
Any awarded funds will be sent directly from Catalyst to the ADAO Community Foundation treasury. (secured by a 6 of 9 RoundTable multi-sig account)
Funds will be directed through the internal proposal process within ADAO and used to further incentivize contributions from members of the ADAO Community and the greater Cardano community to the many open source efforts and repositories that are currently on going and managed by ADAO. Hybrid bounties and incentive structures will be explored and deployed in order to spur new and exciting open source initiatives focused on progressing and enabling decentralized communities to flourish on Cardano.
Over the past eight months ADAO has experimented with and successfully deployed a large number of open source bounties, incentivized solely by the ADAO Community Governance Token.
(ADAO v2 Gov. Token" polociy:5b01968867e13432afaa2f814e1d15e332d6cd0aa77e350972b0967d)
This refers to the ADAO v2 Governance token and the Plutus policy on Cardano Mainnet that secures it. This is also the main ADAO treasury.
These incentivized bounties have produced an extensive collection of open source repositories and dapps that can be found in the ADAO community GitHub. Much of this work can be seen in practice today within ADAO as well as many other Cardano projects.
ADAO works closely with a growing number of other Cardano ecosystem developers and projects to ensure a wide range of usability for the tools and applications being developed. Interoperability is a main focus point when developing open source applications yet it is hard for other teams to see immediate value in this approach. ADAO is working with the Blockchain Learning center, SCAT DAO, Lido Nation, Genius Academy and hopes to work with many others to continue creating, iterating and educating on sustainable open source business models.
With these incentives in place we can more effectively encourage other ecosystem developers to work together and advance open source tooling for Cardano DAOs.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
A great majority of the open source development from within ADAO has been focused on enabling DAOs and decentralized coordination solutions for Cardano projects and protocols. ADAO's ability to attract talent, gain feedback and execute, on the specific tools and infrastructure most necessary for the ecosystem of DAOs to flourish is becoming apparent with tools like RoundTable, an Open source multi-sig dapp that leverages gun for decentralized coordination, or Agora, ADAOs collaboration with Liqwid Labs to build out the foundational set of Plutus contracts for Cardano based DAOs. Both of these resources can be seen today in the ADAO Community GitHub and in use throughout the Cardano community.
With these modular foundational tool sets, like RoundTable and Agora, we can now start to build out unique governance models and experiment with hybrid solutions never before possible on Cardano.
ADAO will use part of this funding to deploy novel incentive structures around ADA, ADAO governance, governance of other organizations and community credentials and reputation to continue incentivizing more developers, and development groups to contribute to these open source efforts.
More applications like RoundTable are the goal!
versatile tools that leverage the power of Cardano layer1 and the ecosystem built on top of it yet are intuitive enough for even the non-developer to use and understand.
More recently, ADAOs open source efforts have garnered the interest of other Cardano development communities looking to contribute to and build novel, experiential governance models on top of the open source infrastructure of Agora. These communities of developers will now be able to receive reward bounties as compensation for their contributions and at the same time be incentivized to collaborate with other teams in the ecosystem.
Incentivizing open source collaboration, especially in the early stags of tech., drastically boots both developer and user adoption.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
The most immediate risks to this project include funding and incentives for developers and non-developer contributors.
Lack of education around open source profitability and business models -
Although proven sustainable models exist, education around profitable open source business models are still for the most part unknown. One additional goal for this project and the wider open source community that is ADAO, is to develop examples and educate on these open source business models.