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https://farcaster.xyz/~/channel/divvi
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Trigs
@trigs.eth
As some of you may know, I've been working with a project lately that is building a protocol. Well, I've been working with a lot of projects that are building protocols, but there's one in particular that I have been dedicating more and more time and energy to. I'm going to share a little more with you about that protocol today, as I am helping them to prepare for some big announcements about the future of the project. 👇
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Trigs
@trigs.eth
One of the most crucial components to a protocol is a purpose. Why does this protocol need to exist ⁉️ The 'why' for this project is simple: Funding in this ecosystem is just too damn complicated 😅 Every new funding mechanism is mired in red tape of gating, voting, impact analysis, popularity contests, and all other sorts of classic problems that just make web3 funding as bad or worse than trad funding. If only there was a distributed ledger of activity that could be used to programmatically distribute funding based on pre-defined goals... Enter @letsdivvi, the funding protocol. 👇
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Trigs
@trigs.eth
Divvi gets the job done by using blockchains for what they are best at: programmatic automation. It's a simple workflow: Step 1: Fund a reward vault with pre-defined onchain KPI's (as simple or complex as you want them to be) Step 2: Register apps that can fulfill these KPI's and monitor actual usage Step 3: Builders claim their rewards in proportion to their contribution to overall onchain growth No applications, no manual tracking and reporting. Click. Ship. Earn. 👇
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Trigs
@trigs.eth
OK the incentives make sense, but what makes this a protocol? If you've read my recent article you will have a little bit of insight into answering that question. https://paragraph.com/@trigs/what-is-a-protocol If you break down the full workflow in a rudimentary way, you can separate out the 'incentives' from the 'protocol'. The protocol side is largely the builders and users. These are the individuals who stand to gain the most from using the protocol. They are also the individuals who will grow to own and maintain the protocol as it decentralizes. The incentive side is the economic value of the protocol. The more funds that are injected into the system as KPI rewards, the more value is being generated by the protocol.
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Trigs
@trigs.eth
This is all very high-level, but it sets the stage for what is coming next for Divvi: $slices Slices are non-transferable onchain tokens that represent participation in the Divvi ecosystem. Slices are available to builders, product testers, end users, and everyone in between. If you're helping apps bring users onchain, you're earning slices! This is the very first onchain primitive that represents the future of Divvi and the funding protocol it is creating. It's very early, but that's what we do around here, isn't it? If your appetite is whetted, follow the jump to find out more ways you can earn your slice! https://slices.divvi.xyz/earn
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