I am proposing an alternative Nairobi protocol, identical to PtNairobiyssHuh87hEhfVBGCVrK3WnS8Z2FT4ymB5tAa4r1nQf, except for one thing:
At activation, my proposal mints 100,000 tez (one hundred thousand tez) and credits them to communityrewards.tez.
The proposal’s true name is its hash: PtNairob7pXeHYjDSDn6xXbA7M6UeNtuNXmQTay1rG1nN6Y5M17
Here is the code change and the merge request on gitlab.
Rationale
Token minting is one of the tenets of on-chain governance. The only way to mint tez outside of baking rewards is for a supermajority to vote for a proposal that includes an invoice, such as this one.
So far, the community has used this power sparingly. Two past proposals paid on-chain invoices directly to contributors:
- Kathmandu paid 3,000 tez for the testnet dictator feature ,
- Lima paid 25,000 tez for the consensus key feature.
In total, 28,700 tez have been minted this way. The bulk of the development of Tezos is paid for by the Tezos Foundation. But, the foundation war chest is not infinite. At the same time, the technological and human machinery required to build and maintain the protocol is becoming more complex and costly over time.
This proposal does not pretend to meaningfully enable protocol development. Instead, it aims at setting a milestone of inflation funding that the community can base itself upon for future protocol upgrades.
The communityrewards.tez account belongs to the Tezos Commons Foundation (TCF), a community-focused foundation for the advancement of Tezos.
Over the course of several years, this account has distributed small rewards (currently 125 tez) to community contributors who have distinguished themselves. Anyone can recommend a nomination by filling a form. This program is widely known and appreciated in the Tezos community.
Read more about the most recent round of rewards (Feb 2023).
The program curators are people working on Tezos full-time. They have improved it over time to better satisfy its objectives and the goals of the community.
Additionally, TCF manages a small grant program. This program, currently geographically limited to North America, is a lighter alternative to the Tezos Foundation grants program that allows teams to rapidly prototype ideas.
Due to this wealth of experience, TCF is uniquely positioned to be the recipients of this round of funding. I have no doubt they will utilize these funds at their discretion towards goals corresponding to their mission.
Disclaimers: I have received 545 tez from community rewards since April 2022. I am making this proposal in my name only. I did not check in with TCF before submitting this proposal.
Vote
| Hash | Description |
|---|---|
PtNairobi... |
Nairobi proposal, as described in the blog post |
PtNairob7... |
Nairobi Variant “Fund communityrewards.tez”, grants 100,000 tez to a TCF-managed account |
To vote for the Nairobi variant:
tezos-client submit proposals for YOUR_ADDRESS PtNairob7pXeHYjDSDn6xXbA7M6UeNtuNXmQTay1rG1nN6Y5M17
If you have no opinion and want to pass, you can always vote for both Nairobi Initial and the Nairobi variant:
tezos-client submit proposals for YOUR_ADDRESS PtNairobiyssHuh87hEhfVBGCVrK3WnS8Z2FT4ymB5tAa4r1nQf
PtNairob7pXeHYjDSDn6xXbA7M6UeNtuNXmQTay1rG1nN6Y5M17
Or use browser-based voting tools tezocracy.xyz or tezgov.app .
Note that if you have already voted for one proposal, you can still vote for another one later, but it won’t cancel your first vote. It will just add to it.
Note
Any baker can submit a proposal. This guide explains how to submit a proposal to fund an account of your choice.
