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Individual Contribution Logs - Contribution verification, reputation building, improved funding decisions, SSI adoption and more!

Governance Meta5 posts394 views4 likesLast activity May 2024
LO
lovegrovegeorgeOP
Apr 2024 1

Individual contribution logs represent a record of an individuals contribution efforts. Some Web3 ecosystems use a process for verifying contribution efforts within their own grants process. This verification process can help with protecting the ecosystems treasury assets by checking that the funding is being used as intended. Contribution efforts could be grouped together by using a milestone approach or by using time intervals such as monthly. Alternatively contribution efforts could also be recorded by each individual in monthly time intervals. After looking at the problems and opportunities for making group based contribution logs as well as individual contribution logs, we identified that individual contribution logs were the most promising approach worth considering. As well as verifying contribution efforts the individual contribution log approach also had a number of other use cases that could be highly valuable for contributors and Web3 ecosystems. Advantages of individual contribution logs • Improved contribution verification - It is more difficult to hide poor contribution performance if efforts are recorded individually and at the end of every month.…

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Syed
Apr 2024

This post feels like the very definition of “presented without context”

The subject matter seems interesting though

LO
lovegrovegeorge
May 2024 2

Hey @Syed, thanks for the response, yes it is definitely more general purpose and not targeted too directly! Most Web3 ecosystems that do any form of grants funding will want to think about contribution verification so that’s the intentions of this analysis. Currently I’m mostly seeing a lack of contribution verification entirely in some ecosystems or more of a milestone based approach in others. Lack of contribution verification has higher risks of misuse and theft, especially for larger amounts being distributed. And second one has limited value for the contributors and voters. Individual contribution logs can provide far more information and also in terms of recording efforts the tools and processes for recording them will get easier and easier over time. Overall I’m trying to identify the most promising approaches to use in treasury systems that can fix the incentives and push more power to the edges. If you thought of any other approaches or feedback please feel free to send it over :smile:

GO
Govmos
May 2024 1

To iterate on your idea, I would like to share what we have brainstormed around this topic a while ago within the PRO Delegators ’ team. We were thinking about the user retention in the Cosmos and the enormous difficulty we were facing to build a reputation in this ecosystem. This task can be very challenging and disturbing, and our team has gone through all of this, so we are in a good position to share our experience, and most importantly the solutions we would propose to remedy this. Hopefully we can improve and even avoid this painful path to the new and forthcoming entrants. Long story short, it took us an entire year to build a reputation, constant hard work facing mere indifference. This wasn’t just painful to achieve all this during a violent bear market, it was depressing to see that most of the existing actors were not incline to welcome new users without a solid history of developer contribution to the ecosystem. To be frank, entering Cosmos for us seemed a bit like being a black family entering a small rural city, people either judge you or ignore you. A Talent Platform for Cosmos: To avoid this, we brainstormed trying to find potential solutions to avoid…

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SY
Syed
May 2024
Govmos:

somewhat of a “talent platform” for Cosmos

In agreement with you there!

I agree that the ICF is the optimal steward for this, and something similar was an early-stage WiP I was overseeing before I left. I’m actually no longer at the ICF - at AADAO now, but definitely still interested in this. Will reach out to you on DM @Govmos

For ref: https://twitter.com/syedchoudhury/status/1781399940301828303

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