PEP-58: RAD2 - RAD Harder
Attributes
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Author(s): @b3n @JackALaing @Ming @jdaugherty on behalf of the entire Pocket Network
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Recipient(s): PNF will hold and disburse funds on behalf of the authors and the wider community
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Category: Program
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Related Instalments: Continuation and expansion of PEP-42 RAD
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Asking Amount: Equivalent of $20K per month in Pocket, funded for the next 6 months. We will self report monthly and ensure the program is never in negative balance.
Summary
This proposal seeks to iterate and extend the PEP-42 RAD program for a further six months. We want to build on the small but meaningful wins of the original program and expand its scope further across the ecosystem.
Motivation
The original proposal of PEP-42 sought to Reward and Decentralise through the establishment of a bounty program that could catalyse the progressive decentralisation of work across the network.
We think the original program was a success a referenced in the summary here.
This next iteration of the program seeks to do three things:
- Extend the reach of RAD as measured by the following metrics:
- Total number of contributors, number of âconcurrentâ or âmonthlyâ RAD contributors
- Contributor growth metric
- Contributor contribution ratio (i.e. PNI, PNF, Community contributor %)
- Further iterate and improve on challenges identified within RAD, as measured by:
- Payment accuracy (i.e. consistently paid by X date)
- RAD NPS (Net Promoter Score)
- Delivery of a Contributor playbook (including relevant process and principles)
- Further experiment with the program and position it as an enduring pillar of how Pocket network operates. While harder to define now, this is likely to be measured by:
- Completed experiments, Documented Learnings
1. Expanding the scope of RAD
The program provided benefits to numerous stakeholders. For example, it increased the velocity of protocol development by stimulating more activity around protocol tasks. We want to expand the program to increase velocity in other relevant areas. The exact areas in which we would increase velocity will be specified in alignment with DAO priorities originating under the DNA program, but areas we anticipate we can increase velocity are:
- Iteration on governance workflows, such as the Trophy system or forum or proposal upgrades
- Support for contribution programs like RAD, IDEAS, GROW or other contributor oriented programs
- Community management and engagement, such as community calls or events or moderation
The program will continue to be stewarded by PNF but the scope of what could be bountied would be expanded further
2. Improving the effectiveness of RAD
The original program had numerous successes but was not without some challenges and bottlenecks. We want to continue to improve and embed the RAD program in the operations of the DAO and our builder teams. Areas in particular that we want to improve include:
- The regular scheduling and release of payments
- The active and broad marketing of bounties to those outside our community
- The speed of contributor onboarding and the pace at which work can be reviewed
The program aims to further improve on these areas in the next cycle.
3. Further experimentation and learning via RAD
Like the original RAD program, we want to continue to iterate and experiment through the program to find novel ways of increasing its impact. For the next cycle of RAD we want to include the following experiments:
- Offering bounties for work more broadly in the ecosystem, not just via PNI but via PNF and potentially via builder teams working on DAO priorities
- Experimenting with a ârolesâ structure that would allow bounties to be âpermissionlessâ - that is, trusted contributors being able to self assign bounties
- Exploring the idea of âreal timeâ payments once work has been reviewed, subject to further progress in the area of a potential ERC20 token)
Our desire to increase the reach, effectiveness and velocity of RAD in this next iteration cycle and ultimately to increase the impact it provides to the whole network is how we landed on the name. RAD 2 is about leaning into everything RAD has done and to RAD Harder.
If we can deliver on the above we think that we will all look back in 6 months and see a network that has a smarter, more decentralised, more engaged and larger pool of contributors to help power the network.
Budget
The budget being requested is a cap of the equivalent of $20K of Pocket each month for 6 months. At todayâs price this is approximately 363,000 POKT
The rationale for this change of budget structuring is to allow consistency in how we manage this budget in the face of fluctuations of POKT price and other input factors for how much work is delivered through RAD, and balancing participation of ongoing bounty contributors.
Iterating on the previous pricing and sizing system, we will use the âTask Pointsâ in Dework as a proxy for $USD equivalent across all bounties, and will roughly assign a price based on:
- Small bounties - $50-250
- Medium Bounties - $250-1500
- Large Bounties - $1500+
While the above is our preferred budgetary approach, we understand the DAO may request an alternative top line budget number for certainty of program cost, in which case we would request a budget total of 363,000 POKT as outlined above.
Dissenting Opinions
This proposal is not specific enough: We believe this outlines the nature and directionality of the program without confining it in a way which would make it unresponsive to changing events. Similar liberties were requested in the original program and we think we have demonstrated an accountability towards the work that will allow this to continue.
We donât believe there are any other dissenting opinions given the positive progress made towards objectives in the original RAD program.
Deliverables
Deliverables for this program will be:
- Monthly report on bounties delivered
- Full accounting for use of the budget
- A quarterly summary against objectives and impact delivered
We are thankful for the support you provided in the original RAD PEP, and look forward to working beside you as we RAD harder together.
Copyright
Copyright and related rights waived via CC0.