Reward Systems for Governor Proposals

🚀 Proposals
#1

Summary: A rewards program for those who are actively participating in governance. Users will receive an small amount of Pillar (PRL) if their proposal gets voted on and receive more Pillar (PLR) if it is approved.

Abstract: If this proposal is implemented, the DAO will facilitate X PLR per proposal on a revolving scale (listed below). These rewards will be dispersed at the end of every month. The average price of Pillar that month will determine how much they receive.

If USD value is below $.10 (Allocate 10,000 PLR)
*1,000 (PLR) if voted on
*An Additional 9,000 (PLR) if Approved

If USD value is $1.00 or above and below $10.00(Allocate 1,000 PLR)
*100 (PLR) if voted on
*An Additional 900 (PLR) if Approved

If USD value is $10.00 and above and below $100.00(Allocate 100 PLR)
*10 (PLR) if voted on
*An additional 90 (PLR) if Approved

If USD value is $100.00 and above and below $1,000.00(Allocate 10 PLR)
*1 (PLR) if voted on
*An additional 9 (PLR) if Approved

If USD Value is $1,000 and above(Allocate 10 PLR)
*1 (PLR) if voted on
*An additional 9 (PLR) if Approved
*This proposal will automatically end

*This is limited to 10 Approvals per month to prevent users from draining the treasury.

Motivation: It is no secret that participation right now is very low. The idea is not to get Governors rich but provide motivation to create proposals that will benefit Pillar and the community. If anything is truly good it will be approved, and if not it will at least spark conversation.

Specification: Users will be rewarded Pillar on a sliding scale (listed in abstract). No more then 10 approvals per month.

Benefits:
*Increased Governor participation
*More quality approvals
*Governors get paid for spending their time trying to get an approval past
*With more proposals I believe this will create more community interaction and engagement

2 Likes
#2

I like the general idea, but the rewards are too high. Wen PLR is at 9 cents an approved proposal would cost us 900 USD times 10 =9000 USD/month. I think this is too much capital drain. Half of the stated rewards should be enough and I would only reward proposal that are approved, so we know only ideas that add value cost us PLR.

#3

The proposal for this is currently being structured, and shares a similar scheme you are proposing. Proposals and ideas being rewarded is something we are planning for some time now, it will perhaps be more strictly balanced (i.e $.5, $.10, $.20, $.35, $.50 and etc.). Otherwise I agree with everything else you’ve said.