(1) Introduction and Objective
The K9 Finance DAO is pleased to announce its Gold Sponsorship for the Futurist/ETH Toronto conference. As part of this sponsorship, we have the opportunity to sponsor the hackathon event with specific bounties and targets. This proposal outlines a $10,000 bounty prize pool (in KNINE) to incentivize innovative projects and tools that support the Shibarium ecosystem. The hackathon will last for one month and will be hosted online through the DoraHacks platform.
(2) Benefits to K9 Finance Community
This proposal offers several advantages to the K9 Finance community:
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Ecosystem Growth: Encouraging developers to build on Shibarium will enhance the ecosystem’s capabilities and offerings.
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Innovation: The bounties are designed to foster creativity and technological advancements that benefit the K9 Finance DAO and the broader Shibarium community.
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Community Engagement: Participating in the hackathon increases the visibility and reputation of K9 Finance DAO within the DeFi and blockchain communities.
(3) Proposal Details
(a) WHAT
The proposal is to allocate $10,000 in KNINE tokens for the hackathon bounty program, divided as follows:
Bounty Prize Amount(s):
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1st - $5000
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2nd - $2500
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3rd - $1250
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Best learning tool - $500
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Best analytics tool - $500
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Best dog themed branding - $250
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Bounties will only be paid if the targets are met, and it is common for only partial bounties to be paid out, meaning it is likely the DAO will not allocate the full $10,000 in prizes.
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*NOTE - Bounty targets (not prizes) are subject to change between now and the hackathon going live. Management council is currently in conversation with ETH Toronto organizers, Shib team, and developers.
Inspiration/Examples
- Launch Platform for New Shibarium Projects
- Analytics Dashboard for Shibarium
- Shibarium Validator Tracking Dashboard
- Educational Liquid Staking Onboarding Product
- Interactive Quest/Educational Reward Platform
Judging Criteria:
- Functional prototype highlighting outlined solution
- Impact on Shibarium
- Percentage completion
- Alignment with bounty target
- Innovation / creativity
- Sustainability / long term viability
- Presentation and pitch
Requirements:
- Work must be deployed on or connected to Shibarium
- Bonus points for integrating $KNINE/$knBONE
- Additional bonus points if project has potential to generate revenue for K9 Finance DAO
- Solidity Version must be version Paris or below
- Source code must be published to a Github repository with MIT license
(b) WHO
The stakeholders impacted by this proposal include:
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K9 Finance DAO Members: All KNINE holders will benefit from the technological advancements and increased ecosystem activity.
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Development Teams: Participants in the hackathon who will be incentivized to build on the Shibarium network.
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Management Council: Overseeing the implementation and ensuring alignment with DAO goals.
(c) WHERE
The implementation will occur through:
- DoraHacks Platform: Hosting the hackathon online/remotely, allowing global participation.
(d) WHEN
The proposed timeline for the project is as follows:
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Approval: Next Roundtable meeting.
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Hackathon Duration: One month.
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Implementation: Bounties to be paid within one month of hackathon completion, contingent on target achievement.
(e) HOW
The resources required for this proposal include:
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Funding: $10,000 in KNINE tokens allocated for the bounty program.
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Technical Support: Coordination with the DoraHacks platform to manage the hackathon and ensure proper distribution of bounties.
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Community Involvement: Feedback and participation from the community to refine the bounty targets and ensure alignment with broader goals.
(4) Impact Assessment
The potential impact of this proposal on the K9 Finance DAO ecosystem is significant:
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Short-Term: Increased developer engagement and project submissions, leading to potential new tools and platforms for Shibarium.
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Long-Term: Enhanced ecosystem growth and technological advancements, positioning K9 Finance DAO as a leader in DeFi innovation.
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Risks and Uncertainties: Potential for not all bounties to be fully claimed, ensuring funds are efficiently used and only for successful project completions.
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Metrics for success include the number of participants, quality of submitted projects, and overall community feedback on the implemented tools. Regular performance reports will be provided to the DAO to track progress and impact.
The K9 Finance DAO Management Council is excited to propose this bounty program as part of our Gold Sponsorship at the Futurist/ETH Toronto conference, driving innovation and engagement within the Shibarium ecosystem. Hackathon targets have been identified to build products that are not only going to further $KNINE adoption but Shibarium as a whole.
It’s a fantastic opportunity for K9 Finance DAO to foster innovation, enhance the Shibarium ecosystem, and engage with the community. The proposed bounties will surely attract talented developers and lead to valuable advancements. Let’s move K9 forward, and keep on moving, initiatives like this helps us with that!
