version 0.3, 26 October 2022

Introduction

So far, Golem Foundation has realized its statutory purpose through various projects, such as Wildland and User-Defined Organization. All of these ventures require the development of novel, not-yet-implemented technological and economic solutions that need to be tested for applicability in complex, real-life decentralized systems. The proposed framework (GLM Governance Experiment aka Octant) leverages the existing community of GLM holders to create a testing ground to gather priceless empirical evidence that can later be applied in various ventures led or funded by Golem Foundation, especially Wildland. Such evidence can only be acquired in real-life environments with participants and stakeholders facing actual economic incentives.

The main incentive for users to join the GLM GE will be the potential to participate in the staking reward distribution. In order to be included in the actual distribution, users will be required to perform specific activities within various experiments initiated by Golem Foundation, such as voting on proposals, trying out new verification/onboarding tools, etc. In return, Golem Foundation will be able to gather useful data, analyze patterns of users' behavior and thus improve subsequent versions of various protocols and technologies.

The minimum viable product (MVP) of Octant is going to be focused on testing various hypotheses related to sustainable financing of public goods and infrastructure. Evidence gathered in the MVP will be vital to shaping the ultimate framework of Wildland governance, especially the Build Fund and related concepts.

It is also expected that Octant will trigger further positive externalities in the entire GLM ecosystem, including providing incentives for GLM ownership.

Octant MVP

tl;dr

<aside> ❗ Key elements of Octant MVP:

<aside> 🔎 Octant: the flow of funds

octant-animation_06_fps.gif

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<aside> ❔ How notation works in this paper

Parameters of the governance

Distribution of staking proceeds

$$ TR_{t} = SP_{t} * \sqrt{\frac{\sum_{i}^{N_{t}}GLMGE_{i,t}}{S[GLM]_t}} $$

Individual/User Rewards