The Panvala Caucus's Batch Ten Recommendations

The Panvala Caucus is excited to publish our draft recommendations for Batch Ten of Panvala’s quarterly budget. 1,688,933 PAN will be released from Panvala’s token supply on April 30.

Panvala is a donation matching fund for the world to share. We subsidize communities the same way the Bitcoin network subsidizes its security: by inflating the supply of PAN. Last quarter, the Panvala League’s 29 communities successfully matched donations at 7.5x on Gitcoin Grants. If Bitcoin’s track record holds for Panvala, 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 high-level recommendations that Panvala can accept or reject. We currently have 27 members who 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!

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, March 5.

Panvala League Matching Budget

Panvala League (0x9e86dab80c154C2B4F39AC6600baa341e3517825)
1,266,700.40 PAN (75%)

Communities in the Panvala League stake PAN tokens to earn donation matching capacity from Panvala’s inflation. These funds go into each community’s wallet, where they can use them on anything their community shares together, like open source code, events, and awards for achievements that the community values. In recent quarters, 75% of Panvala’s quarterly inflation has been allocated to the Panvala League, which was able to match donations for each community at an average of 7.5x last quarter. These tokens are released from the decaying token supply to the Panvala League multisig , where they are then distributed to each community’s wallet.

Activities Fund Budget

Activities Fund (0xe44f10A925411A3a0086E5EDba8A4399C6F75ad6)
84,446.70 PAN (5%)

The Activities Fund is a member-run portion of Panvala’s budget focused on social life. It awards grants for events, arts, and (e-)sports that bring people together across Panvala’s communities, especially members of the Activities Fund itself. It’s modeled on university student governments that fund social life on campuses. These grants are usually used for prizes or food (for in-person events) to encourage higher attendance at events.

To choose which future events should receive funding, join the Activities Fund on the Panvala Discord server! The first set of signers for the Activities Fund multisig were chosen in January, and you can choose the next signer by becoming a steward. Stewards periodically elect the signers for the Activities Fund multisig. To become a steward, join the Panvala Discord and send “!join.” A balance of 1000 PAN or greater is required.

Panvala Fellows Budget

Panvala Fellows (0x47aE9FaF3AbeA7b2acAC69aB0A7B939201FeA5F6)
84,446.70 PAN (5%)

Want to earn PAN by using your skills to help Panvala? Apply to become a Panvala Fellow! Fellows work on Panvala part-time by lending their skills wherever they think they can improve Panvala. The existing fellows evaluate prospective fellows, and collectively manage the Fellows multisig.

Ideal applicants are existing Panvala community members who have already contributed in some way to Panvala, and who are active in one of the Panvala League’s communities.

Say hello in the #future-fellows channel in Discord to get started.

First Match Program

Panvala Caucus (0x6F8391F5e3d9Cae332653e4C1eA97064acF55474)
42,223.34 PAN (2.5%)

Each quarter, we try to match donations made in PAN to grants outside of the Panvala League. Like the Panvala League itself, this program adheres to the Net Inflation Policy, so each PAN donated to earn matching from this program results in one PAN going back into the token supply, up to half of the program budget. The top 20 grants outside the Panvala League that have never received First Match Program funding will divide the remaining budget equally.

Panvala Improvements

Panvala Caucus (0x6F8391F5e3d9Cae332653e4C1eA97064acF55474)
177,338.05 PAN (10.5%)

Ongoing work on improving Panvala can be rewarded from the Panvala Improvements budget at the discretion of the Panvala Caucus. This has been used for marketing, development, referral rewards, and provisional funding programs, like last quarter’s preliminary Activities Fund.

Batch Ten Recommendations Reward

Panvala Caucus (0x6F8391F5e3d9Cae332653e4C1eA97064acF55474)
33,778.67 PAN (2%)

The Panvala Caucus collected and reviewed proposals for Panvala’s Batch Nine, and issued a recommendation for the community to evaluate. We set aside a Recommendations Reward each quarter to reward whoever helps the community reach consensus and submits that recommendation on chain.