PIP-02: Incentives for Approved Proposals

Background

Healthy governance is one where the community is actively engaged and is contributing to the protocol. This can be done by suggesting improvements, being active on the Discord Channel, tweeting about the project, making PRs, delegating their $PUSH tokens, and also making Governance Proposals.

Since the beginning of EPNS, the community has always been at the center of protocol, and with the launch of governance, it’s an important step towards complete decentralization.

We propose to incentivize proposers who have their proposal approved on Snapshot.

Proposal Description

For EPNS Governance to thrive we need meaningful proposals for the voters to show up and support as well. In an effort to attract and incentivize these kinds of proposals we’re offering an ongoing reward drop to addresses that make it through the proposal, discussion, then voting stage successfully (meaning an approved Snapshot vote). However, approved Push Grant proposals are excluded from this incentive program.

The reward will be 200 $PUSH paid to the proposing address (an Ethereum wallet). As an added bonus to proposals who gain lots of support, 100 $PUSH will be given to the user if their vote count is 50% more than the average of the prior four successful $PUSH vote totals on Snapshot (example below).

The program is meant to be offered on an ongoing basis, until and unless EPNS governance chooses to replace it. No current EPNS Team members are eligible for the incentives.

Added bonus example: A proposal passes on Snapshot (number of individual wallet addresses are not relevant, just the $PUSH voting power). Assume the previous 4 passing proposals on Snapshot have 825k, 1.09m, 931k, and 1.12m $PUSH votes respectively. That’s 991k average + 50% or more would get this user a total of 300 $PUSH! (rounded to 1,000th here) $(824.31k + 1.09m + 931.12k + 1.12m)/4 * 1.5 = 1.487m PUSH$

start

January 19, 2022

6:00 PM

end

January 26, 2022

6:00 PM

Voting

off-chain

Voting type

single-choice

Voters

Votes

1,761,118

Final Votes

closed

FOR

1.7M PUSH

96.92%

AGAINST

54.2K PUSH

3.08%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%