In an open source arena like DeFi, it is critical that Barnbridge builds as many social and economic moats as possible to minimize the risk of a competitor eating into its market share. While the core team is personally close and now collaborating with some of the leading teams in DeFi, we need to think of N2N - network to network - relationships as well. In the future that may look like co-hosted meetups in person or digitally, but such relationships should first be founded on real on-chain alignment. As such, I propose that we allocate between 1 and 5% of BOND to the treasuries of various leading DeFi projects.
- Determine which treasuries are worth seeding
- Determine how much of BOND supply to allocate
- Create Discord channels for each relationship
- Coordinate monthly cross-community calls
Treasuries holding BOND would be more inclined to integrate with Barnbridge and less willing to explore future competitors. More practical DAOs could use their BOND in future Smart Alpha products and earn income to fund their own work as well.
BOND would be distributed via a vesting smart contract over the course of two years.
Behind a paywall but Delphi Digital has explored DeFi treasuries in the past: https://www.delphidigital.io/reports/a-look-into-public-defi-treasuries/
For: Aligns projects with Barnbridge, doesn’t require us to give it all upfront, gives projects a reason to use our app if they sit the asset in Smart Alpha
Against: Not an immediately productive use of our treasury, some community members may be upset with the % allocation voted upon, and it doesn’t guarantee that other networks won’t take a mercenary approach with future Barnbridge competitors
The goal of this thread is to a) determine community appetite for such a decision, b) determine a consensus-best allocation to airdrop to project treasuries, and c) assess which projects are best suited for such a relationship. I’ll look to make a Snapshot proposal after ~one week of debate here.