metadata: {"signature": "0x954bcedcaef16bb421846dc332c224b9a6f186e7cb0b0f1c8c114c1021418f967b1c55bcfe79fe68cc13c78c863084b6fd8e8c473280ab3eac7925fbf7afd4661b", "application": {"round": "0xf3dc658c73fc3e931d6d621f33c30c333e342132", "answers": [{"type": "multiple-choice", "hidden": true, "question": "We distribute funds in $TEC on Optimism Chain (OP Mainnet). 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Governance tokens will be the crucial to create decentralization and long lasting public goods.", "hidden": false, "question": "Describe how your project contributes to token engineering and why it is a valuable public good.", "questionId": 8}, {"type": "multiple-choice", "answer": "Proof of concept (PoC)", "hidden": false, "question": "What stage do you consider your project is currently in?", "questionId": 9}, {"type": "paragraph", "answer": "Literature research started and first draft for the protocol architecture:\nhttps://github.com/Kanoopz/gobying/tree/main\n", "hidden": false, "question": "Please share any new updates or milestones from the prior months.", "questionId": 10}, {"type": "paragraph", "hidden": false, "question": "If your project has received prior funding from the Token Engineering Grants Program, please describe the impact that funding has had on the project.", "questionId": 11}, {"type": "short-answer", "answer": "0", "hidden": false, "question": "Previous project funding sources (VC, grants, token sales, etc.)", "questionId": 12}, {"type": "number", "answer": "0", "hidden": false, "question": "Total prior funding for the project in USD", "questionId": 13}, {"type": "short-answer", "hidden": true, "question": "How did you hear about the Token Engineering Grants Program?", "questionId": 14, "encryptedAnswer": {"ciphertext": "RyPPnIi0b1bo6VyW0In5UbO347z1RtmVhsvaRBODPAg=", "encryptedSymmetricKey": "e1facd40895d25f0e0e1983362a48464bfc10c83c7e6ba441b25e5ab0b09f681fb769fa4593030041879b585e3750d0b8d87b05a4a41de2be67d2b1589ea8b2d939e50b623bc818bda3aa32ba9f289b531b325032ec37ef601559e46759ae98e547035baeae03dd5683df364539bb9dcd5d909a4a3c1acbc772fd459b7bfec98000000000000002067f98e58318b34a940a54b28225c92a6d4bfbdbd7d1b564f994ef0511dcfce3cc5c7f27028f1db954a795f229bf114b4"}}, {"type": "multiple-choice", "hidden": true, "question": "Would you agree to participate in a follow-up survey approximately 8 weeks after the grant round to assess the impact of the funding on your project?", "questionId": 15, "encryptedAnswer": {"ciphertext": "uXamCVU5gZ6LIji59dMyDh3v8QfKlEhiWuqVEZwyIPE=", "encryptedSymmetricKey": "7864448a3ebc0f4846eb79471bd6266c02c41c8078f7a18b6a4a92de37ebc867ba3e13c0948e202f0beca2eaaa9f980aaa3403d797ba69962f9011cf29cc420b0d4f8737a98c39fa7ff7c572f4d6aeb41a4de75bf673b6d9e121cb74102a2189ea84b7307257ba29a4aed10733b2d673ba798f8557465c7c9552589c8051cc6a0000000000000020dd99d840f6c3ef956dc819b6de664a2d8640e34202531e43e092724eba17dce4517ad6ebb9428339a9c85548f71959a5"}}, {"type": "paragraph", "answer": "Eth_mty members.", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that has not been covered?", "questionId": 16}], "project": {"id": "0xd0a20305ec0f8817a697447a80b59db2772df8cf03ab6e2e4cc266567327fb52", "title": "Gobying", "logoImg": "bafkreib63yxy7cpsffsvuvqk6a2d3nl6ymifmdgic3exyokj4eqp53tg3u", "metaPtr": {"pointer": "bafkreifoonjv32nclnix2ngwx5sjjczecsar427pwosfx7pn6m3wwrvo7y", "protocol": "undefined"}, "website": "https://github.com/Kanoopz/gobying/tree/main", "bannerImg": "bafkreif3prtzwebixz5zzuzklyh5gthokhx77lxwsooyq3irkz7iypvjfm", "createdAt": 1713325719497, "userGithub": "Kanoopz", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..kdvSYyi5N4dDozs7ZmFrrH7Pi2gfX8JB6E2QVe4UE0t7PL2bXK8xJ0ZlOylDU-OzZNTOi78p6gAnStatzFheAw", "type": "Ed25519Signature2018", "created": "2024-04-17T04:21:59.216Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-17T04:21:59.216Z", "expirationDate": "2024-07-16T04:21:59.216Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x67abc3840d030cbe6efd3616177089bE52bF9Be0", "hash": "v0.0.0:CgPJYyAwIpL3utDr/eALfI7XVLNX3tzmJunyoGrv1dc=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#0x_cripto"}}}, "description": "**Research impact of new uses for a better governance transparency.**\n\n**Tldr.** Research the creation and impact of a marketplace where delegates and stakeholders can transparently bid for more governance delegation or support a delegate to enhance transparency and participation.\n\n\nBribing and lobbying are two distinct practices that have an impact in governance and policy making. The impact can be compared and contrasted to measure when they are postive or negative. Decentralization will only be enhanced when more transparency and more participation is introduced.\n\nThe **Gobying** project is researching the ramifications of creating a market mechanism for delegation within any decentralized protocol governance. \nThis research includes several phases, beginning with preliminary literature research and analysis that lead to the development of an impact document detailing the hypothesis, data, analysis and conclusions to then create a Minimum Viable Product (MVP). \n\nThis MVP aims to create a marketplace where delegates can allocate a pre specified amount of tokens or USD to be distributed among all the votes that are assigned or delegated within a defined timeframe. Additionally, there will be a market were other participants can allocate their own capital to support a delegatee (directly sending public gratifications or) allocating this funds being distributed to all delegated votes within a set period.\n  \n![Graf](https://i.ibb.co/JH5DQM9/GABRIEL-GRAFICA-1.jpg)\n\nThe research encompasses an economic and incentives structure analysis to assess the potential benefits and drawbacks of such a system.\n\nOur thesis posits that enhanced transparency in the protocol will prevent the formation of a clandestine bribery market that could steer the protocol towards undisclosed objectives. Furthermore, the protocol will increase the participation of token holders in the governance process, thereby promoting decentralization. A final predicted outcome is the evolution of the delegate authority. \n\n\n\n**Who are we?**\n**@0x_cripto**: Tradfi economist, 7 year of involvement in crypto markets, co-founder of ETH Monterrey @eth_mty.\n**@yoSoyDev_eth** / **Erezedor**: fullStackDappDeveloper, smartContractAuditor, co-founder of ETH Monterrey @eth_mty.\n\n**Where are we now/recent milestones**\n- Research started and first draft for the protocol architecture:\nhttps://github.com/Kanoopz/gobying/tree/main\n\n\n\n**How will you share progress?**\n\u2022\tThe community can track the repository progress on Github\n\u2022\tWe will develop the front end web page for the protocol in more advanced stages\n\u2022\tX/Twitter spaces\n\u2022\tResearch impact analysis \n\n\n**How does the Project support public goods?**\nEnhancing governance transparency and the utility of tokens through participatory involvement in research and open development.\n\n\n**What are funds for?**\nLead and researcher + Backend dev + Frontend dev\n4 month / 10 hours week work per contributor.\n$40 USD per hour rate\n$40 * 10hours * 3contributors * 12 weeks = $14,400usd \n\n\n\n\n**Next steps**\n- Enhance protocol architecture and its development \n- Research literature on bribing and lobbying to create an analysis on impacts to develop conclusions on possible outcomes from these market dynamics\n\n", "lastUpdated": 0, "projectTwitter": "0x_cripto"}, "recipient": "0x67abc3840d030cbe6efd3616177089bE52bF9Be0"}}