Loomio
Thu 29 Nov 2018 5:57PM

Switch Giveth Reg Rewards and Expenses to DAI

K Kay Public Seen by 180

In anticipation of having DAI as an available token in the DApp it would be awesome to calculate new Reg Rewards for DAI to use once ready. Further on expenses should be denominated in DAI.

D

Dani Fri 21 Dec 2018 9:23PM

When do we pay in DAI and when do we not?
1a. When things are paid for in ETH, we should repay in ETH right? YES
1b. For Expenses in Fiat, paid in DAI? YES
1c. For Reg Rewards, DAI. YES
1d. For Reward DAO... ETH? YES
1e. What do we do if we have too much ETH and not enough DAI...
do we convert it? MAYBE, but PROBABLY NOT
Can we "Sell" it... .. NO - solicit more donations in DAI YES

K

Poll Created Sat 22 Dec 2018 12:40PM

When things are paid for in ETH, we should repay in ETH? Closed Tue 25 Dec 2018 12:02PM

Results

Results Option % of points Voters
Agree 87.5% 7 AS GG PL K BS JF MR
Abstain 12.5% 1 KI
Disagree 0.0% 0  
Block 0.0% 0  
Undecided 0% 35 D JA YM Q AB AA A R C EAD V G J C J R GS L JB DD

8 of 43 people have participated (18%)

PL

Pol Lanski
Agree
Sat 22 Dec 2018 2:52PM

That one make sense to me, as it's the easiest way to match exactly the value of what was paid and refund it.

JF

Josh Fairhead
Agree
Sat 22 Dec 2018 6:05PM

It seems like the most consistent way to do things

AS

Adam Stallard
Agree
Sat 22 Dec 2018 6:45PM

If the payee wants that. How about letting payees decide whether they want ETH or DAI?

KI

Kris is
Abstain
Sat 22 Dec 2018 6:51PM

I think ideally people should be allowed to choose. That's also why we have the option - but I'll go with the majority.

K

Poll Created Sat 22 Dec 2018 12:40PM

For expenses in Fiat, pay in DAI? Closed Tue 25 Dec 2018 12:02PM

Results

Results Option % of points Voters
Agree 71.4% 5 AS GG K BS MR
Abstain 28.6% 2 KI JF
Disagree 0.0% 0  
Block 0.0% 0  
Undecided 0% 36 D JA YM Q AB PL AA A R C EAD V G J C J R GS L JB

7 of 43 people have participated (16%)

JF

Josh Fairhead
Abstain
Sat 22 Dec 2018 6:07PM

More preferable than Ether but theres still overheads involved in cash in/out. One of the better ways of handling things, but not ideal.

KI

Kris is
Abstain
Sat 22 Dec 2018 6:39PM

I'd let people chose, no? Some people prefer eth bcs they want to support the system? I'm fine with both decisions, if we need to decide.

AS

Adam Stallard
Agree
Sat 22 Dec 2018 7:15PM

Let the payee have a choice, but to me this preferable.

K

Poll Created Sat 22 Dec 2018 12:42PM

Pay regular rewards in DAI? Closed Tue 25 Dec 2018 12:02PM

This was the main proposal, so this technically has been approved already, but was one of the questions that came in the next round, so its still included as separate proposal

Results

Results Option % of points Voters
Agree 75.0% 6 AS GG PL K BS MR
Abstain 25.0% 2 KI JF
Disagree 0.0% 0  
Block 0.0% 0  
Undecided 0% 35 D JA YM Q AB AA A R C EAD V G J C J R GS L JB DD

8 of 43 people have participated (18%)

KI

Kris is
Abstain
Sat 22 Dec 2018 6:50PM

I think ideally people should be allowed to choose. That's also why we have the option - but I'll go with the majority.

K

Kay
Agree
Sat 22 Dec 2018 10:40PM

I think that by trying to migrate as much as possible to DAI and harden the software in that direction, the more useful our DApp gets for collecting donations.

K

Poll Created Sat 22 Dec 2018 12:42PM

Reward DAO will still be paid in ETH? Closed Tue 25 Dec 2018 12:02PM

Results

Results Option % of points Voters
Agree 87.5% 7 KI GG PL K BS JF MR
Abstain 0.0% 0  
Disagree 12.5% 1 AS
Block 0.0% 0  
Undecided 0% 35 D JA YM Q AB AA A R C EAD V G J C J R GS L JB DD

8 of 43 people have participated (18%)

JF

Josh Fairhead
Agree
Sat 22 Dec 2018 6:19PM

$ peg makes it an extrinsic motivator, the more serendipitous the better!

AS

Adam Stallard
Disagree
Sat 22 Dec 2018 6:42PM

Anything akin to salaries should be paid in the most stable currency available and usable by both parties. Since DAI is now an option, I would prefer DAI.

KI

Kris is
Agree
Sat 22 Dec 2018 6:46PM

I for one, hope that they'll be able to buy a lambo one day with those points. FYI to Adam S: RewardDAO is meant as a welcoming incentive, not salary.

K

Kay
Agree
Sat 22 Dec 2018 10:38PM

To clarify - this means Reward DAO stays on ETH (I think Lanski might have gotten it the other way around?)

PL

Pol Lanski
Agree
Sun 23 Dec 2018 7:46AM

I think Reward DAO is a great entry gate for people that might not necessarily be into crypto, and it's not a payment for services but a "reward" for helping out... It's better and more useful to get new people into the ecosystem to give them ETH, which has more possibilities!

K

Poll Created Sat 22 Dec 2018 12:50PM

What is the earliest time we allow milestones to be in DAI for? Closed Tue 25 Dec 2018 12:02PM

This was not included in the original question, but I think as a vote this only makes sense for Reg Rewards and Expenses.

Results

Results Option % of points Voters
Mid-December (when proposal was approved in Gov Meeting) 71.4% 5 KI AS GG K MR
Once we have it working 100% in the DApp (soon) - require another proposal 28.6% 2 BS JF
November 0.0% 0  
December 0.0% 0  
Undecided 0% 36 D JA YM Q AB PL AA A R C EAD V G J C J R GS L JB

7 of 43 people have participated (16%)

JF

Josh Fairhead Sat 22 Dec 2018 6:42PM

Once we have it working 100% in the DApp (soon) - require another proposal

Interesting question, no opinion on this particular round if precedents have been set but I'd suggest that only once the reality manifests should agreements be allowed to take effect. Otherwise we are encouraging speculation (and in other cases it that could be that we end up wasting time discussing things that never matter because they actually never manifest!)

AS

Adam Stallard Sat 22 Dec 2018 6:48PM

Mid-December (when proposal was approved in Gov Meeting)

Considering that BrightID has $11,000 in DAI in its Giveth campaign, and is expecting to have $44,000 more in the next couple of weeks, we need a way to transfer that to individuals as soon as possible.

K

Kay Sat 22 Dec 2018 10:38PM

Mid-December (when proposal was approved in Gov Meeting)

I was hoping for DAI to be available for milestones at least from the day it had been approved in gov meeting.

K

Kay Sat 22 Dec 2018 12:54PM

I started all of these proposals, since questions by Griff and me did not reach quorum sized feedback. If there are more questions, please add them to the poll!

PL

Pol Lanski
Disagree
Sat 22 Dec 2018 2:49PM

I think Reward DAO is a great entry gate for people that might not necessarily be into crypto, and it's not a payment for services but a "reward" for helping out... It's better and more useful to get new people into the ecosystem to give them ETH, which has more possibilities!

K

Poll Created Sat 22 Dec 2018 12:57PM

What do we do if we have too much ETH and not enough DAI... Closed Tue 25 Dec 2018 12:02PM

Outcome
by Kay Sat 29 Dec 2018 12:14PM

The following has been proposed an approved as outcome of this loomio:

"From Dec 15th 2018 all Regular Reward have to be filed in DAI. Expenses can be filed in DAI. Reward DAO stays in ETH. Giveth gets more DAI from soliciting more donations in DAI"

This is a new policy that has also been added to approved policies on the wiki:
https://wiki.giveth.io/policy/approved-policies/

do we convert it? How do we do that? Can we "Sell" it... Thats what I am doing for the Aragon DAC now.. but then the donors lose their connection to their currency... Maybe we just need to solicit more donations in DAI?

Please add another option to the poll if you have another idea!

Results

Results Option % of points Voters
Convert from ETH to DAI 33.3% 2 K MR
Solicit more donations 33.3% 2 GG BS
Integrate automated conversion into the dapp (coinpayments/oasisdirect?) so the connection is not lost 33.3% 2 KI JF
Open CDP 0.0% 0  
Undecided 0% 37 D JA YM Q AS AB PL AA A R C EAD V G J C J R GS L

6 of 43 people have participated (13%)

GG

Griff Green Sat 22 Dec 2018 6:30PM

Solicit more donations

Integrate automated conversion into the dapp is a pipe dream until we move to the xDAI chain... and even then, its a pretty ridiculous ask on the tech side.

KI

Kris is Sat 22 Dec 2018 6:44PM

Integrate automated conversion into the dapp (coinpayments/oasisdirect?) so the connection is not lost

For now we can convert (no cdp or we'll be considered playing with their money) but integrated conversion should be put on the roadmap

JF

Josh Fairhead Sat 22 Dec 2018 6:56PM

Integrate automated conversion into the dapp (coinpayments/oasisdirect?) so the connection is not lost

I think we should be as donation agnostic as possible to maximise input flow! For operations however it makes sense to convert into DAI (minimise currency volatility etc) but as mentioned traceability is still important. Keeping choice open I'd suggest that non automated conversion would be way to go, if there is massive demand for automation it can be done later perhaps. The follow up question/decision being which service/tool to use (lowest margin? easiest SDK? etc).

K

Kay Sat 22 Dec 2018 10:37PM

Integrate automated conversion into the dapp (coinpayments/oasisdirect?) so the connection is not lost

If that is possible somehow, I would love this solution!

K

Kay Mon 24 Dec 2018 1:21PM

Convert from ETH to DAI

I changed my answer (had direct exchange before - but don't think its feasible). I would suggest to have a standard budget in DAI (in percent or absolute numbers), to have a stable budget to better plan and survive economic downturns