metadata: {"signature": "0xfe8e26c7b1e9b5959ecf9588cc4cc11b2913848412a2f94f8c203dcf8c21915c4f5bdac2efc3c4fb46e5a49474789c61ce2d3437b843d8516ad55e2c6efe1f061c", "application": {"round": "0x98720dd1925d34a2453ebc1f91c9d48e7e89ec29", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "yzwjObG/XQrbWIsla3fwfLnjtcxZXlCXoo63sofFHj1ZOkdVNUUZWmVCQX+pxuj5", "encryptedSymmetricKey": "b55b52c8cb8f8d79b3ea6f33f9c355c01796ee3b79b67fc26e92f2be8c3619be9ce637abe2ef3b8e5b9e696346ffb80472fbb777411bceb38c19adcb959caf94e9420d12ff29bf73c268e6485deb01e594c27bbf1e178b077b64a0de593a58b92726f26289ee97c709d499116b3779871ef3e71e0207f61e7f9c164e8bf507f400000000000000209313e5e616f528b0d395a524db582ab13930b7b439a4f2d130c7f3d58871b15ff1da2d11a0ecdcff68ec28d248a7e6b6"}}, {"type": "short-answer", "answer": "@JessicaZartler", "hidden": false, "question": "Telegram Handle (you can answer N/A)", "questionId": 1}, {"type": "short-answer", "hidden": false, "question": "Gitcoin Gov Forum Handle (gov.gitcoin.co)", "questionId": 2}, {"type": "short-answer", "answer": "https://t.co/in8OEetmml", "hidden": false, "question": "Link to your Public Group Chat (Discord or Telegram )", "questionId": 3}, {"type": "short-answer", "answer": "The goal of this proposal is to establish a foundation for continuous research, development, and education around bonding curves. Our aim is to establish a deeper understanding of bonding curves in general, and a more thorough analysis of their applications thus far, including the TEC Augmented Bonding Curve. We plan to create more content about bonding curves and are looking to scope & create educational courses and expand the library for the wider public and motivating projects seeking bonding curve expertise to connect with our community. The work by this group is fueling the growth and development of the bonding curve space while providing economic opportunities to those involved with developing bonding curves for projects and further R, D, & E of open-source tooling and documentation.   ", "hidden": false, "question": "How is your project focused on improving the Web3 ecosystem? ", "questionId": 4}, {"type": "paragraph", "answer": "Despite very little resources, the group continues to provide incredible value to the TEC & TE communities. We recently completed a powerful 4-part content series with Bancor https://www.youtube.com/playlist?list=PLl_NgvZc7atfookYgCUuvDLPzodhAyXJu\n\nWith more funding, we aim to begin scoping and outlining a course to be developed based on the materials. In addition, we continue to hold free research and study sessions with the community and build the library of open source tooling, documentation and resources.\n\nWe also deployed the first ever bonding curve module on Inverter Network which we will be testing for future use by other organizations.\nGoerli Contract Address:\nhttps://goerli.etherscan.io/address/0xDeE39Aea78f13F1A57d08058cCA421365e852DaA#writeContract\nBonding Curve Funding Manager deployed at address: 0xEE1754d512CD9f50fA680FC686927766aD6E3D3A\n", "hidden": false, "question": "If you've participated in past grant rounds, please share any new updates or milestones from the prior months (N/A if you haven\u2019t participated previously). ", "questionId": 5}, {"type": "paragraph", "answer": "9 Seminar Recordings\n2 Articles\n1 Python Package\n1 bonding curve deployment on Inverter Network", "hidden": false, "question": "How do you measure the impact of your project? Please provide examples and/or standard metrics. This might be used in future impact reports ", "questionId": 6}, {"type": "number", "answer": "19999", "hidden": false, "question": "Total Prior Funding for the project in USD", "questionId": 7}, {"type": "multiple-choice", "answer": "Grants", "hidden": false, "question": "Which of the following funding sources have you received? Check all that apply", "questionId": 8}, {"type": "number", "answer": "7", "hidden": false, "question": "Total Team Size", "questionId": 9}, {"type": "number", "answer": "6", "hidden": false, "question": "How old (in Months) is the project? (We will use twitter, domain registration, github, etc to verify)", "questionId": 10}, {"type": "address", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 11}, {"type": "paragraph", "answer": "https://twitter.com/curiousrabbit27\nhttps://twitter.com/ygg_anderson\nhttps://twitter.com/jeffemmett\nhttps://twitter.com/JessicaZartler\n", "hidden": true, "question": "Profiles or socials of other main team members publicly associated with the project (N/A for solo founders): ", "questionId": 12}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? https://gitcoin.notion.site/GG19-Eligibility-50843c8b3ab44ad297731a00efa6e389?pvs=4  ", "questionId": 13}, {"type": "paragraph", "answer": "Past deliverables completed also include:\n1. Exploring Bonding Curves: Differentiating Primary and Secondary Automated Market Makers - https://mirror.xyz/0x8fF6Fe58b468B1F18d2C54e2B0870b4e847C730d/1Pxl_fbIPifIQ4_y0xoJGZGEk70qfOM3Gi9nWycm-8k\n2. Knowledge Library - a collection of resources discussing bonding curves and the mechanism design space for crypto economic system - https://www.notion.so/Knowledge-Library-ea2a517d82b142778e033a45bc115a80\n3. Case Studies (WIP) - case studies done on projects that have employed Primary Automatic Market Makers - https://www.notion.so/PAMM-Case-Studies-e994a43ab4dc4661aa355f868a20071e\n4. Bonding Curve Classification Notebook (WIP) - a quick look at different kinds of curves and their equations - https://www.notion.so/Bonding-Curve-Classification-0e85d52249594c6aaaf7e3dcdcd958b1\n5. Augmented Bonding Curve Model Github Repo (WIP) - an opensource python model used to simulate the Augmented Bonding Curve from the TEC ecosystem\n6. Bonding Curves Parameters Model - https://github.com/bonding-curves/conding/blob/main/conding/pamm/abc.py\n7. Token Engineering Commons Dune Dashboard & Python Translation - https://dune.com/rxx_/bondingcurves", "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 may help in determining project eligibility?", "questionId": 14}, {"type": "multiple-choice", "hidden": true, "question": "Would you like to opt-in to future messages from Gitcoin for updates, information, and/or interviews? ", "questionId": 15, "encryptedAnswer": {"ciphertext": "wtg+GwBnLfvclEQnnMel6IlEbo77J0231+rbXIBP0iY=", "encryptedSymmetricKey": "d80431d716e74097f0b33636141bc7250ebc6294e3cdb829fc308a7d0376dfd62f8abd8819f7214fde8feda3fc2cec0aa086a342f0e1ffa2be04ccd07cdb3beaef3078b7281040a555089647c5d959a75b97e63101c5199b06e243f2d48c169859d0b68937344536418dd0f9a4d3d506d313225efd0d36344ab92305db18b864000000000000002025d23ccfa07cdde9ca7de3c2df134fdc1a958fb246b0468eeed392be689bd7e69dfd5b5ba7e93542dd70b71eea8bdfab"}}, {"type": "multiple-choice", "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities? ", "questionId": 16, "encryptedAnswer": {"ciphertext": "pnbN6rBl+5FXlxAeQGQ9nYM3/BLE/l2LfljqBf6Lp7c=", "encryptedSymmetricKey": "fde7d23c0f0f46ef92670c232b8ad8f6380ad3a74777d972247f1332339438e2a5faed398bbb01a44438bca36440941169c38ba589c468d9b67bb2351b468c761803653280c9e297069ebfcbd16f0b536b96c309186990fda7cf9af1882388a0f2f00fabe535c51123250ec9d3e6de53461533c6d930bc6f4bdc23522534d8bf00000000000000200d55da62d47cfb36db595f7caa058a819c42e97b5f48a921daefe79b3413ab9d1947ad40d608d02810c68b07f718a08e"}}, {"type": "multiple-choice", "answer": "Somewhere in Metaverse", "hidden": false, "question": "Location/Region where the project is based.  Choose from: ", "questionId": 17}], "project": {"id": "10:0x8e1bD5Da87C14dd8e08F7ecc2aBf9D1d558ea174:974", "title": "Bonding Curve Research Group (BCRG)", "logoImg": "bafkreihm7vwebl3lu6gz5i245czbockzwc4v7f4zvh5ked2dzeebeeu4e4", "metaPtr": {"pointer": "bafkreiculgyg6gyuadto4bzg5mnomnzicu6iz4ofqxftleqdukx7564r3i", "protocol": "1"}, "website": "https://auspicious-cap-b5c.notion.site/Bonding-Curve-Research-Group-a0fe00e81d84435a8fddd547a7888063", "bannerImg": "bafkreicfu4kalr3c7w75ctggxystnjvtryzyh2e62lrtjaannslfktnlx4", "createdAt": 1692040900341, "userGithub": "jessicazartler", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..98sLJ1o6KGVpyI_EKx4Xp7pdjrQ7n4PJWmO2l1hEiIV93vliN6Q5d12mNOJv2E4JhcK5NX6Fg03bO9lScmyfCA", "type": "Ed25519Signature2018", "created": "2023-11-14T19:31:15.918Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-14T19:31:15.918Z", "expirationDate": "2024-02-12T19:31:15.918Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xb2821C0DF0c414ff51D3e8033CBA26DF6AaC587b", "hash": "v0.0.0:wM+rca21gLszHDNNCCr9aTqqOHdEHoMPWfuVZiIt+IE=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#Bonding_Curves"}}}, "description": "\u2694\ufe0f The Challenge:\nSustained bear markets have been a huge challenge for token valuations, with many DAOs and organizations seeing massive selloffs and price drops in the 90%+ range. When token price is a primary driver of the capacity to carry out work in a DAO ecosystem, volatile token prices are a hindrance to production in Web3 organizations.\n\n \ud83d\udea6The Opportunity:\nUsing bonding curves as a continuous token issuance mechanism, organizations or communities can leverage algorithmic reserve and liquidity management strategies to provide volatility-damped token price fluctuations. The Token Engineering Commons Augmented Bonding Curve is a prime example of this, outperforming ETH through the bear market. This should be studied and exemplified in order to broaden education on these tools, and establish connections with organizations who need help designing and deploying them, which could also serve as revenue streams for further work and research.\n\n\ud83d\udcaa Seizing the Opportunity:\nThis research group will provide research, development, education, and application of Bonding Curves in their various forms. This research body and content deliverables will attract new talent and interest in the field of Token Engineering, and it will additionally allow for a common understanding and language around bonding curves and their applications to DAOs, businesses, finance, and economics in general. This research could offer improvements for understanding the design and ongoing operation of these new economic mechanisms, benefiting the field of Token Engineering directly through upgraded tools like dashboards and simulators, but also indirectly through networking and deal flow.\n\nBonding curves are an emergent, Web3 native, economic primitive that redefine markets and liquidity. By determining price as proportional to supply, liquidity can be built into an economy, ending the era of market crunches, and enabling transparent and discoverable market prices for assets. The research, development and education in token economic primitives like bonding curves and cutting-edge research in the TE field has profound potential and implications for our economic systems.\n\n\u2934\ufe0f Overview of Bonding Curves:\nBonding curves are an interesting new tool in the Web3 space, which can provide various automated dealer functions that tie two or more elements of a system together through mathematical relationships encoded into smart contracts. Also called automated market makers (AMMs), there are different types of bonding curves, including but not limited to constant product, constant function, concentrated liquidity, variable product, time-weighted, and even order book-based bonding curves. Bonding curves have also been \u2018augmented\u2019 with the addition of common pool treasuries or even prediction markets, in order to improve the collective signaling capacity of these new tools for social and ecosystemic benefit. \n\nThis is just the beginning of their utility, and current tools have only taken the first steps to explore this design space. Bonding Curves are a gateway for engineered control systems to facilitate and improve the economic management and value accrual systems of Web3.\n\nOur mission is to drive forward the research, development, education, and application of Bonding Curves in their various forms.\n\n\ud83c\udfaf The Purpose of this Research Group:\nThe goal of this proposal is to establish a foundation for continuous research, development, and education around bonding curves. Our aim is to establish a deeper understanding of bonding curves in general, and a more thorough analysis of their applications thus far, including the TEC Augmented Bonding Curve. We plan to create a content funnel about bonding curves that educates the wider public and motivates projects seeking bonding curve expertise to connect with our community. This, in turn, will fuel the growth and development of the bonding curve space while providing economic opportunities to those involved with developing bonding curves for projects.\n\n\u2699\ufe0f Continuous Development and Research Methodology:\nIt is worth noting that research initiatives are fundamentally different from development processes, which is one reason we are proposing this as a research \u2018marathon\u2019 work, as opposed to more task-based \u2018sprints\u2019 commonly held on faster time cycles among development teams. Research is fundamentally an exploratory exercise, often without clear outcomes at the outset of the initiative. For that reason, we will set deliverables such as content production timelines and hours input into processes as they\u2019ve been laid out, rather than trying to determine ahead of time the exact topics or outcomes produced by the end of this first research marathon.\n\n\ud83d\udcda Past Work & Achievements : \nThe BCRG was founded in March 2023  and has three operational workstreams including Education & Content, Research & Ideation and Bonding Curve Analysis & Modeling. Here is a list of some of the work produced:\n\n1. Exploring Bonding Curves: Differentiating Primary and Secondary Automated Market Makers - https://mirror.xyz/0x8fF6Fe58b468B1F18d2C54e2B0870b4e847C730d/1Pxl_fbIPifIQ4_y0xoJGZGEk70qfOM3Gi9nWycm-8k\n2. Knowledge Library - a collection of resources discussing bonding curves and the mechanism design space for crypto economic system - https://www.notion.so/Knowledge-Library-ea2a517d82b142778e033a45bc115a80\n3. Case Studies (WIP) - case studies done on projects that have employed Primary Automatic Market Makers - https://www.notion.so/PAMM-Case-Studies-e994a43ab4dc4661aa355f868a20071e\n4. Bonding Curve Classification Notebook (WIP) - a quick look at different kinds of curves and their equations - https://www.notion.so/Bonding-Curve-Classification-0e85d52249594c6aaaf7e3dcdcd958b1\n5. Augmented Bonding Curve Model Github Repo (WIP) - an opensource python model used to simulate the Augmented Bonding Curve from the TEC ecosystem\n6. Bonding Curves Parameters Model - https://github.com/bonding-curves/conding/blob/main/conding/pamm/abc.py\n7. Token Engineering Commons Dune Dashboard & Python Translation - https://dune.com/rxx_/bondingcurves\n\n\ud83d\udcb8 Past Funding : \nWe applied and received catalytic funding from the Token Engineering Commons and Gitcoin, however we need further funding to continue in Phase 2 of our research and development so are currently applying for grants. \n\n\ud83c\udf96\ufe0f What Success Looks Like:\n1. Social media content posts, digestible and thought provoking\n2. Posts have community traction, bringing in new leads and interest into the TEC\n3. Improved methodology for analyzing Bonding Curves on-chain data\n4. Explore new bonding curve mechanisms and shed light to the creators of the provisions to include in their bonding curve : Shutdown & Liquidation Procedures, Develop gamified UX visualizations of the Bonding Curve where members can play with the parameter to see the final impact. \n5. Other unanticipated positive externalities discovered through research\n6. We would like to use our research to ultimately develop a Product & Services Business Model around Bonding Curves and are also going to experiment with launching our own investable workstream and bonding curve with Inverter Network. \n\n\ud83d\udd0a How We Will Share Progress:\n1. Transparent shared work processes (call notes, Miro board, call recordings as available)\n2. TEC forum announcements every third week, with links to posts & other work\n3. Scheduled interest group in the TEC Discord at the completion of the research marathon\n4. Deliverable outputs (videos, tweets, articles, etc) will be shared with the TEC community and beyond\n\nThank you for supporting Token Engineering public goods and the Bonding Curve Research Group! \ud83d\ude4f", "lastUpdated": 0, "projectGithub": "bonding-curves", "projectTwitter": "Bonding_Curves"}, "recipient": "0x29567BdBcC92aCF37AC6B56B69180857bB69f7D1"}}