5. Pilot: May ‘22 - May ‘23

5.1 Before Launch

To prepare for launch, there are a few tasks we wanted to properly complete:

  • Perform an informal audit of the 0xSplits contracts by members.

  • Verify the 0xSplits contracts and frontend on testnet.

  • Deploy the 6/10 multisig, the Split contract itself, and the Vesting Module.

  • Onboard as many eligible members as possible.

  • Broadcast the intent of the Protocol Guild to the broader community and potential sponsors, including getting a precommitment of funds where possible.

  • Refine and document the operating process, which includes curating and deliberating on potential members, as well as onboarding them.

5.2 Pilot Characteristics

As of May 8th 2022, all of the above tasks have been completed. What follows is an overview of how the pilot is structured.

  • Sponsoring assets will vest for one year (365 days) from stream initialization. Sponsoring streams may overlap with the next iteration of the vesting contract by a few months.

  • We are targeting between $10-20mm in sponsorships. If you’re interested in being part of this initial cohort of sponsors, you can permissionlessly send funds to the vesting contract 0xF29…1a9. If you or your project have questions, please reach out on Twitter or to any of the existing members.

  • We will plan to update the membership list and weights ideally once per quarter, barring any special cases.

  • The beneficiary split has been launched with 111 beneficiary addresses - see the contract through the 0xsplits interface. The initial set of pilot beneficiaries include:

    • Diviners (Researchers / Spec Writers / Client Tinkerers): Responsible for divining the future needs of the protocol.

    • Framers (Client Maintainers): In dialogue with the previous set, responsible for manifesting the best fit frameworks to hold these needs in balance with each other.

    • Guides (Ecosystem relations, client tinkerers): In dialogue with both previous sets and responsible for guiding both of their paths of divination and manifestation.

    • The donations.0xSplits.eth address, which represents the 0xSplits team and some of their public goods dependencies.

5.4 Documenting Process

Funding Requests

Dune Dashboard

An overview of pilot finances can be explored via this Dune Analytics dashboard: Protocol Guild Finances. Thanks to @datamonkey_eth for working with us to make it happen - we can strongly recommend them if your project needs data viz done!

5.3 Documenting Outcomes

Throughout the pilot, special attention should be given to evaluating outcomes related to the aforementioned Pilot Characteristics. The information gathered should be archived in the docs as a cohesive report for the edification of future members and operational adjustments. The report should include the following topics:

Timing

  • Was one year the right length for the pilot?

  • What should the standard vesting period be post-pilot?

  • What’s the earliest the next iteration should launch ahead of the pilot concluding?

Funding

  • Were funding targets hit ahead of launch?

  • How were the funds impacted by asset price fluctuations during the pilot?

  • Was the initial raise too low/high?

  • Was there a healthy number and variety of sponsors?

Operations

  • What sort of operating procedures worked? Which ones didn’t?

  • What role did voting play in decision-making, if any?

  • What were the best practices that emerged with regard to voting, onboarding, curation?

  • Should the weighting be modified e.g. more granular, more subjective measures?

  • Were there any issues with compromised wallets, contracts or multisigs during the pilot?

Communications

  • What sort of communication activities were carried out by the Guild during the pilot?

  • What was the engagement level of said communications with Guild members, sponsors and the community more broadly?

  • What sort of questions, feedback or concerns (if any), did Guild members, sponsors, or the community have during the pilot?

Membership

  • Did the Guild start with an accurate representation of protocol contributors?

  • What areas in the ecosystem should eligibility be expanded to after the pilot? Are there areas where eligibility should be restricted?

  • What were the notable membership changes/disputes, if any?

  • What is the general state of the membership?

  • Has the presence of the Guild lead to negative or positive affects to relationships, the progress of regular projects?

  • What frequency has someone’s decision to join or remain in core protocol work cited the Guild as a compelling benefit?

  • Have any Guild members participated in mentorship programs to support diverse array of future contributors?