[PROPOSAL] Expanding the Allo Builder's Fund

General
1

Overview

This proposal requests 4 ETH from the proceeds of the Allo Patron NFT sale to create an Allo.Capital community on Gardens and set up 2 funding pools to help with ecosystem growth :seedling:

The deliverables for this proposal are:

  1. Community Covenant - co-created by the ecosystem in a group workshop.
  2. Gardens Community - using the Covenant and governance token above.
  3. Allo Builder’s Fund - more funding to continue the existing program.

See the Temp Check where this proposal originated.

Rationale

Allo.Capital is a broad, diverse ecosystem of projects and builders with enormous potential and has a pressing need to unify its resources around a common vision and direction.

By establishing a community Covenant, issuing a healthy governance token, and setting up a Gardens community, the ecosystem gets the fertile ground it needs to thrive.

The Allo Builder’s Fund has funded 6 separate proposals for capital allocation builds and is driving a huge amount of simultaneous, milestone-based capital allocation work. Progress on these builds is being tracked here on the forum: Allo Ships - ⛲️ Allo.Capital

Together, this proposal solves the ecosystem’s pressing need for unified direction and basic protocol/ecosystem funding, while planting the seeds for much more growth by creating a healthy coordination layer that can be used to scale this ecosystem of projects and builders all the way to the moon.

Milestones & Timeline

1. Establish a Community Covenant

  • Estimated Completion: 2 weeks from proposal execution
  • Expected Cost: 0.2 ETH
  • Description: Host 1-2 community workshops to compose a document outlining Allo.Capital’s shared vision, values, and organizational processes.

2. Launch Community on Gardens

  • Estimated Completion: 4 weeks from proposal execution
  • Expected Cost: 0.5 ETH
  • Description: Collaborate on settings and parameters for governance token, registration stake, community admin, and governance pools. Deploy to app.gardens.fund, add funds to pools, and distribute governance tokens to the community.

3. Fund Allo Builder’s Fund

  • Estimated Completion: 4 weeks from proposal execution
  • Funds Added to Pool: 3.3 ETH
  • Description: Choose funding token and add tokens to funding pool.

Funding Breakdown

Total Funds Requested: 4 ETH

  • 3.3 ETH added to Allo Builder’s Fund
  • 0.7 ETH in contributor compensation

Contributing Team & Experience

  • Project Lead - @paul - Gardens v2 Founder and Allo Builder’s Fund lead.
  • Workshop Facilitator - @afo - Greenpill Dev Guild Lead
  • Advisor - @owocki - Allo.Capital Founder
1 Like
2

happy to see this moving forward to a proposal state!! I like and support using gardens.fund as a governance mechanism, as explained in the Temp Check post, I’m also aware that token distribution policies would play a huge role into the success of CV as a governance mechanism.

so I’m wondering how that funding pool and token distribution policies would actually incentivize allo protocol builders to keep building with both alignment and coherence!

I’m sure this is something that will came up during the community workshop, as lead of an allocation mechanism project (see Bootstrapping an Organization through p2p accounting mechanisms) I’ll look forward to be there.

I do have a concern tho regarding point 2:

what if the desired governance token (I’d expect it’s distribution policies to be an outcome of organizational processes in 1.) would actually need some development? shouldn’t we consider an extra budget and timeline here? 0.5 ETH and 1 months seems to be too short for the case in which the community signals a need of an extra bit of complexity beyond selecting a regular token template.