Rally Community - it’s been great to see the growing community of creators and developers coming together to build new products. Watching today’s community call with @Masongos and $ALLIE, I was incredibly inspired to see how they’re thinking about their community and hear their ask to engage with other developers and partners.
Our core team has been hard at work on a number of fronts building core infrastructure and we’re about ready to bring in the community to shape the next steps. Towards the end of July or August time period, we’ll be setting up several community calls and discussions to talk about the future roadmap in more detail, take the next big step in decentralizing Rally, and most importantly using decentralization to set up various groups to build much more quickly than ever before.
Today, I’d like to start a proposal on two items that will be a precursor to this larger body of work.
1) Proposal for 500K $RLY developer grant for Bonfire.
Bonfire has been an engaged member of our developer community for months. Matt Alston and Melissa Zhang are active almost daily in the Discord Developer Channel. They have shown real commitment to building Bonfire with creators’ needs in mind, and they have amazing and relevant backgrounds from Coinbase and Uber in engineering and product.
And you can see $CHOU in action here (and earn some $CHOU by following using Bonfire) - www.getbonfire.xyz/chou/earn
This grant is inline with what the community has discussed before here for Grant Structure for Business building atop Rally
Here’s their writeup for the community on what they’re working on:
From Matt and Mel
We’re building Bonfire, a platform to enable Rally creators to build branded rewards sites powered by their creator coin (and soon NFTs). We’re starting by building a suite of tools focused on enabling new ways for creators to distribute coins to fans, and reward coin holders with customizable benefits and rewards. Our goal is to build flexible and powerful tools to unlock new creator coin use cases, allowing creators to spend less time doing manual work and more time experimenting and being creative.
Currently our MVP enables a creator to build a configurable coin site / rewards hub for their coin. Visitors to the site can connect their Rally account to view their balance of the creator’s coin and engage in a variety of ways based on their coin balance. Some of the specific features and tools available today:
- Create claimable airdrop links to distribute coins to community members wherever they already are. A few ways this has been used so far:
- Our first creator Meta4ickal ($KKCR) has used the coin drop feature to reward viewers of his live auctions on YouTube
- Joe Jaffe ($JAFFE) embedded a drop link in a QR code and showed it on his YouTube livestream show
- Create coin holder benefits and rewards that community members can unlock (by holding coin) or purchase (by spending coin)
- Add a ‘Follow’ button to your site to collect email addresses and begin to build out a coin holder email list
But we’re just getting started. We’re super excited to continue to expand the product offering with new use cases and functionality. A few features on our roadmap we’re particularly excited about are:
- Support for Rally NFTs: NFT gating for rewards and benefits
- Exclusive merch & ticket drops: Serve single-use promo codes to coin holders who meet the specified requirements
- Bounty board: A “bounty board” to offer customizable coin bounties to members for various forms of community engagement and contribution
But more generally, we get excited about whatever use cases get creators most excited! We’re huge supporters of the Rally ecosystem and community, and are excited and honored to be considered for this grant to continue to invest in creating long-term value for Rally creators.
Ok, next up:
2) Proposal to create an on-chain RallyDAO with 10M $RLY initial funding
Bonfire’s grant proposal brings to mind that we don’t have a great community process for everyone to engage in the community funding builders across Rally. The $RLY treasury and multisig, given the magnitude and security necessary, isn’t ideal for broad participation as a security breach would be an end-game nightmare scenario for the entire network. The tools available when we launched in October 2020 weren’t great; it was basically a Gnosis multisig, Aragon’s platform, or Compound’s super technical governance structure.
Syndicate Protocol’s mission is to help other communities build “a legally compliant, decentralized automated organization (DAO) empowering communities to invest in themselves”, which I believe is exactly what we need at Rally.
I believe their new product is the right product for us to use for a truly community-governed investment DAO. My hope is overtime, this RallyDAO will get larger and larger funding, but I believe 10M is a great amount to start with to see how an onchain treasury can better serve the community.
Syndicate Protocol is in private beta, so I think the timeline for this will be about a month or so away. But I’ll be talking to the founders at Syndicate to get RallyDAO up as one of the early community-run treasuries and we should be able to use it fairly soon! A big announcement will come from them next week to shed more light on how their product works and their vision for the space which aligns well to a RallyDAO. I’ll put up a snapshot for this proposal after more details come to market, and link to it in a further post here so everyone can evaluate before we go vote.
Thanks all, and I look forward to hearing everyone’s thoughts on the two points above.