Thoughts on incentives and community building

General
1

Celestia has been and remains the pioneer in the data availability space. It is categorically the first solution most teams identify and end up choosing. However, taking this position for granted is not wise because a first player advantage can be lost in an instant. The ecosystem is currently sprouting with chains like Astria, Defund, Initia, SpiceNet & Blackwing all using Celestia as their DA layer. Many others go unmentioned in this post as there are simply too many to list.

More interestingly native chains are emerging that use TIA as their form of currency for gas / collateral and primary payment methods like forma. Chains like these grow the funnel that captures TIA and more should be motivated to do so.

Additionally various defi protocols are popping up within the cosmos but also the ethereum ecosystem that allow for TIA to be actively used within them.

The community needs to take incentivizing builders and the community more seriously than it has to date. Thankfully like all Cosmos chains, Celestia has a community pool that can be put to good use.

Celestia’s community pool contains 858k TIA or roughly ~$7 million at the time of writing which have gone completely unallocated. My proposal is the creation of a committee that allocates these funds across the ecosystem to aligned projects as well as defi platforms in order to boost liquidity.

For aligned protocols, any rollup that uses Celestia as a DA should be provided with liquidity in a tiered system. Those using TIA as their native currency should be incentivized more than others, with the goal being to make TIA the currency for a rollup centric ecosystem.

Defi protocols should not be limited by the network upon which they operate for this program. So long as TIA can be actively used in the protocol, funds should be deployed in order to boost the liquidity of TIA on these protocols.

Any revenue that is generated must exclusively be redeposited into the community pool. The committee governing the process should not be incentivized with it in order to ensure that they do not exclusively put community assets in revenue generating places.

Additionally, any team building a rollup that provides the community pool with an airdrop should be rewarded with more TIA. The goal is to make the community pool one that represents a cross-section of the ecosystem and gives back its earnings to the ecosystem.

The committee could be structured in several ways. I propose a 3 member team that will receive 0.5% of the deployed tokens for enforcing the mandate and allocating capital in the most efficient way. This will primarily foster the growth of the ecosystem and ingrain TIA within it. Initially, I would propose to deploy 400k tokens for a one year period.

It is time for TIA to become modular money.

1 Like
2

It’s Astria not Astaria.

Any revenue that is generated must exclusively be redeposited into the community pool.

Any revenue that is generated where and how? Presumably you mean that any yield generated from community pool TIA principal is sent back to the pool?

0.5% of the community pool is 4,290 TIA (~$31.5k at time of writing), do you have thoughts on how long this is intended to incentivize work for?

While I’m not advocating for a larger % of the pool to be used for “payroll” it’s worth noting that paying each person on a 3 person committee ~$10k each to decide how to allocate ~$3M leaves a lot of room for low cost bribery.

2 Likes
3

Corrected, keep getting it wrong.

Yes exactly.

I was thinking terms should be 3-6 month periods, the overhead should be relatively low as the deployment should be relatively widespread.

Yes that’s completely fair, I must say I haven’t given much thought to how it should be incentivized as my thoughts were mainly around what high integrity people in the ecosystem I’d see as part of a committee like this.

1 Like
4

Maybe forming a council comprising analysts and individuals with long term financial incentives, such as team members, investors, and possibly volunteers who lock their tokens for an extended period.

Analysts, who will be compensated for their efforts, will be responsible for sourcing and presenting deals. They may also have voting rights, with their votes carrying up to 33% weight.

Team members and investors will primarily be required to participate in the voting process.

1 Like