[Temperature Check] Ecosystem Alignment
Introduction
One of the most prominent features of Ethereum is the social layer. The social layer references the broad community collectively coming together to make decisions that better the ecosystem. Finding strength in the social layer is imperative for the continued growth of Ethereum in a decentralized manner. This decentralization leads to methods and processes to facilitate coordination.
This temperature check will outline a method to create cohesiveness and collaborative strength amongst Ethereum based protocols.
Blockswap and the Ethereum Ecosystem
Blockswap protocols are aligned with current and future Ethereum infrastructure and the ecosystem at large. Stakehouse is fully compatible with all current staking infrastructure including all clients and DVT. The LST Optimizer utilizes multiple LSTs to provide a target rate yield. Cloud will be inclusive of all validators including liquid staking and solo staking without the need to deposit withdrawal credentials. Even Blockswap DAO is taking a more community-driven approach by empowering both a Grant Council and Liquidity Council to handle operations. As the Blockswap ecosystem continues to evolve, getting input from the Ethereum ecosystem at large will provide deeper alignment.
Ethereum is driven by the community. Without the builders, researchers, and users there is no Ethereum. There is a reason that we see continual building around the global settlement layer which is Ethereum.
Blockswap is looking to provide a deeper connection with the Ethereum social layer and protocol infrastructure.
Motivation
Blockswap is an Ethereum ecosystem network. It aligns with the Ethereum ethos and protocols are built around the Ethereum roadmap. This deep coexistence has led Blockswap to produce protocols that decentralize and fortify many aspects of the tech stack. Blockswap protocols are designed to be built around serving as a baselayer for innovation.
The community of Blockswap DAO owns the majority of the BSN token which is used for governance and proposed as a key component in Blockswap Cloud. Therefore, to further align with the Ethereum ecosystem it would be beneficial to distribute BSN tokens to other Ethereum ecosystem protocols. This does not need to require or signal any sort of integration but rather allows for industry and protocol leaders to have a voice in what is happening with Blockswap DAO.
Proposal
The Blockswap DAO continues pushing community alignment by providing Ethereum-focused protocols a voice in Blockswap DAO voting. Simultaneously, these protocols would be expected to reciprocate the voice in their protocol operations. In this way, the Ethereum Ecosystem can further decentralize and align initiatives.
- The Liquidity Council is empowered to distribute 1,000,000 BSN (0.02% of the total supply) per protocol which aligns with Ethereum.
- The Liquidity Council would manage and spearhead operations.
- Protocols are expected to provide 0.02% of their supply to Blockswap DAO. Protocols and organizations that do not currently have a token can still request tokens and are expected to provide 0.02% of their token supply if they decide to issue a token.
- Tokens exchanged in this way are expected to not be sold, but rather to participate in governance. Tokens should not be sold but swapped back to the original DAO.
- A max allocation of 50,000,000 BSN for this initiative. That equates to 50 projects max.
- Protocols which have Ethereum alignment include but are not limited to liquid staking, DVT, node hardware, LST baskets, and more.
Implementation
- DAOs or protocols can put up a proposal in the Blockswap governance forum making a request for co-governance alignment. The request should include.
- General information about the organization.
- What makes them well aligned with Ethereum.
- The number of BSN tokens requested and subsequent tokens the Blockswap DAO will receive. The % of total supply should be included.
- A bipartisan acceptance from the Liquidity Council and Grant Council is required. They both individually have the ability to object an application.
- If there is no objection the Liquidity Council will commence with the token swap.
- If there is an objection by either Council, the application can go up for a vote via Snapshot for the community to decide. The community’s decision in this circumstance is final and the Liquidity Council will either do nothing (if it fails) or commence with the token swap (if it passes).
- Blockswap DAO will participate in protocols’ DAO governance and vice versa.
Conclusion
This temperature check is designed to gauge the community’s interest in onboarding the Ethereum ecosystem into the DAO as a voting entity. Feedback is encouraged. Feedback is encouraged.