I’d like to get a temperature-check after some interesting discussions on Discord with @nikita.
Should 0x set up a community-administered treasury to fund projects or whatever proposals the community would like to push forward?
Before going into the details of how that could function, I’d like to get a signal from the community on
- whether you think it’s needed to make the protocol more successful.
- what type of activities you think this treasury could fund? For example, these projects could be similar to the gitcoin bounties 0x Labs ran lately, but that should not be limited to that. It’s important to stress that these projects would not be administered or coordinated by 0x Labs, but directly by ZRX tokenholders willing to champion them with the funds needed.
We observed that community-run treasuries are getting tractions (think of Uniswap and yearn) and there are more than a few 0x Labs team members that got excited about the idea. But first, we want to validate with the community that this would bring an impactful return.
This could potentially be achieved in an MVP form by taking advantage of the work necessary to bring the protocol governance on an onchain-binding system (similar to Compound’s and Uniswap’s) which was already part of the governance roadmap.