The Panvala Caucus's Batch Seven Recommendations

The Panvala Caucus is excited to publish our draft recommendations for Batch Seven of Panvala’s grant program. 1,899,401 PAN will be released from Panvala’s token supply on July 31.

Panvala’s mission is to subsidize communities with corporate sponsorships and Bitcoin-style inflation subsidies. Bitcoin inflates its money supply to subsidize the mining work that secures the Bitcoin network. Panvala inflates its money supply to subsidize whatever we want. Panvala’s token supply matched Gitcoin Grants donations at 12.9x last quarter, and if Bitcoin’s track record holds, we will be able to continue these large subsidies for over a decade. We believe we can share these subsidies with as many communities as possible.

The Panvala Caucus is Panvala’s version of Ethereum’s Core Devs: we make recommendations that Panvala can accept or reject. We currently have 22 members that work together to make recommendations that we think represent the consensus of PAN token holders. We want you to join us! If you’re interested in joining the Caucus, send an email to caucus@panvala.com.

Feedback on this draft recommendation is welcome! Leave comments on this thread with your thoughts. We intend to submit our recommendation on-chain on Friday, June 5.

Panvala League Matching Budget

1,424,551 PAN

Following the successful donation matching round on Gitcoin Grants last quarter, we introduced a staking program for communities to earn subsidies for the work they choose. Five communities are participating with staking clusters for this quarter: Commons Stack, Hashing it Out, MetaCartel, DappNode, and DXdao. We’ve allocated 75% of the quarter’s budget to matching Panvala’s league of communities.

Anyblock Analytics: Panvala Dashboard Customizations

150,000 PAN

We are happy to share our dashboard we from Anyblock Analytics created and will be hosting from our the Batch Six grant: https://insights.anyblock.tools/public/dashboard/f1f79ca2-ddeb-498c-a3fe-05ca22d47665
It visualizes important metrics with regards to donations and voting power distribution.
But our current Metabase visualization proved to be too generic to include tailor-made calculations for a major Panvala metric, the Multiplier.

That is why we plan to apply for a second grant which as a deliverable produce a second dashboard focused on the multiplier.
We plan to show it as a moving average line chart, and possible even integrate the comparison to the Bitcoin multiplier (depending on timing of having our Bitcoin node integrated into our tech stack).
We’d also set up a hosting environment this kind of charts (probably based on Python with Plotly+Dash) to share it publicly.
This new dashboard could increase understanding and visibility of the key multiplier metric of the Panvala project, and also prove that is calculated based only on blockchain data.

Panvala Marketing

250,000 PAN

To spread the message about Panvala’s mission to generalize Bitcoin’s economics to subsidize whatever we want, we continue to produce marketing materials for Panvala. We also purchase ads and pay for marketing tools to support these efforts.

Panvala Caucus: Batch Seven Recommendations

74,850 PAN

The Panvala Caucus collected and reviewed applications for Panvala’s Batch Seven, and issued a recommendation for the community to evaluate.

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Is the ~ 75k PAN here to reward the Caucus for their work to curate said recommendations, or something else?

Where can one find and evaluate said recommendations (or is the list of Gitcoin projects to match for the next round)?

Just read the Coalition of clubs post. Could all the DAOs participating in DAO Rush Week potentially be eligible to receive PAN tokens in future distributions? Then you could have a network of digital clubs that exist to support various communities/goals, and they would compete to be and do awesome stuff so that people want to donate to them. Members of clubs (DAOs) could donate/stake PAN to their cluster and external projects/people could also donate to then be matched by Panvala.

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Yes. Since the very first batch in February 2019, we’ve set aside tokens each quarter to reward the people who build consensus among the token holders and make a recommendation on chain. The goal is to ensure that there’s always an incentive to do that work, even if the people who were doing it before move on to something else. We’ve been using the “leftover” tokens for that purpose each quarter so far, and over time, we should try to standardize the consensus building reward.

For previous rounds, each recommendation had a list of specific grantees since we were operating more like a grant-making foundation. Now that we’re operating as a matching fund, the work of the Caucus is more about deciding where and how to match PAN donations, so there’s not really a list of projects to evaluate. It’s more about evaluating the staking clusters model, our Gitcoin Grants matching strategy, and the portion of the quarterly budget (75%) that we’ve allocated for matching.

This is exactly the idea we have in mind. We want every DAO to build up a recurring flow of funds (dues or quarterly Gitcoin Grants participation), and we want to match whatever they’re bringing in. We also want to support other ways to distribute funds, like SourceCred and Giveth. We’ll use what we learn this quarter to iterate on the staking clusters model and expand it to existing communities and brand new communities that we help people start.

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