Today we're introducing Vesting Modules, the first extension to the 0xSplits protocol built natively into the app. A Vesting Module (like this one) is a smart contract that releases funds to a Mutable Split over a set period of time. They’re quick, easy, and cheap to set up, and they exist independently of the 0xSplits protocol. The contracts are on Github and you can learn more in the docs.
Vesting to a Mutable Split incentivizes ongoing contributions by enabling funds collected today to be distributed over time among a changing group of recipients. We're particularly excited about this module because of 1) the implications it has for building a broader extension ecosystem, and 2) how this extension is being used to fund public goods today.
The Vesting Module is the first of many extensions that will be going live in the app over the coming months. The 0xSplits protocol was designed to be as composable & interoperable as possible, making it easy and permissionless for anyone to develop their own extensions. We've received great ideas from the community about additional extensions and we’re excited about all the problems that can be solved by building extensions above or below the 0xSplits protocol. Vesting Modules are live in the app today, and you can expect more extensions to drop in the next few weeks.
We think Vesting Modules are a great way to fund public goods. Donations to public goods or open source projects have typically been backwards looking, where donations are based on past effort. Vesting Modules pointing to a Mutable Split allow donations to be forward looking, where donations are based on present and future effort. Vesting to a Mutable Split creates strong incentives for continued effort, since donations received today will be distributed to a Split that can update according to contributions made in the future.
The Protocol Guild is doing exactly this. They’re collecting donations into this Vesting Module, which then “distributes assets to a weighted list of Ethereum protocol contributors, self-curated by its membership.” You can learn more about PG and what they’re doing here.
https://twitter.com/StatefulWorks/status/1527675087847051265?s=20&t=7-hTiwVONFtEtPE1bsvmmg
We think there's much to explore around this idea, particularly when projects use Splits to donate a portion of their future income to the public goods on which they rely. This idea is similar to Pledge 1% with the many added benefits of a blockchain.
Stay tuned for additional extension drops over the next few weeks, and please get in touch if you have ideas about or want to partner on additional extensions.
Today we're introducing Vesting Modules, the first extension to the 0xSplits protocol built natively into the app. A Vesting Module (like this one) is a smart contract that releases funds to a Mutable Split over a set period of time. They’re quick, easy, and cheap to set up, and they exist independently of the 0xSplits protocol. The contracts are on Github and you can learn more in the docs.
Vesting to a Mutable Split incentivizes ongoing contributions by enabling funds collected today to be distributed over time among a changing group of recipients. We're particularly excited about this module because of 1) the implications it has for building a broader extension ecosystem, and 2) how this extension is being used to fund public goods today.
The Vesting Module is the first of many extensions that will be going live in the app over the coming months. The 0xSplits protocol was designed to be as composable & interoperable as possible, making it easy and permissionless for anyone to develop their own extensions. We've received great ideas from the community about additional extensions and we’re excited about all the problems that can be solved by building extensions above or below the 0xSplits protocol. Vesting Modules are live in the app today, and you can expect more extensions to drop in the next few weeks.
We think Vesting Modules are a great way to fund public goods. Donations to public goods or open source projects have typically been backwards looking, where donations are based on past effort. Vesting Modules pointing to a Mutable Split allow donations to be forward looking, where donations are based on present and future effort. Vesting to a Mutable Split creates strong incentives for continued effort, since donations received today will be distributed to a Split that can update according to contributions made in the future.
The Protocol Guild is doing exactly this. They’re collecting donations into this Vesting Module, which then “distributes assets to a weighted list of Ethereum protocol contributors, self-curated by its membership.” You can learn more about PG and what they’re doing here.
https://twitter.com/StatefulWorks/status/1527675087847051265?s=20&t=7-hTiwVONFtEtPE1bsvmmg
We think there's much to explore around this idea, particularly when projects use Splits to donate a portion of their future income to the public goods on which they rely. This idea is similar to Pledge 1% with the many added benefits of a blockchain.
Stay tuned for additional extension drops over the next few weeks, and please get in touch if you have ideas about or want to partner on additional extensions.
0xSplits0xSplits: The Splits Protocol
Today we’re introducing 0xSplits, the protocol for trustless, composable, gas-efficient splits. It’s non-upgradable, completely free to use, and entirely onchain. 0xSplits is a piece of permanent infrastructure—in the form of a hyperstructure—and it’s live on Ethereum today. Give it a try at split.new.Each Split is a smart contract that continuously splits incoming funds among recipients according to preset ownership percentagesSplits are foundational building blocks upon which onchain collab...
0xSplitsLiquid Splits: Transferrable Ownership Using NFTs
Today we're adding a new type of Split to the app, Liquid Splits. Unlike standard Splits where ownership is controlled, Liquid Splits use NFTs to represent ownership. This gives control of the Split to recipients themselves by allowing shares to be easily transferred, either wholly or partially, to anyone else. If this sounds familiar, it might be because you heard about it first from our collaboration with Songcamp's Camp Chaos. Now we're making it easier than ever to spin up ...
0xSplitsIntroducing Swapper
What do creators like Jonathan Mann and Reo Cragun, DAOs like Nouns and AirSwap, collectives like Protocol Guild and Metalabel, and distributed validators running on Obol all have in common? They face a mismatch, where they generate revenue in one currency (typically ETH) and incur expenses in another (typically USDC, DAI or another stable coin). This mismatch is sometimes resolved through a combination of suboptimal solutions: rebalancing manually, granting custody to a third party, and deve...
0xSplits0xSplits: The Splits Protocol
Today we’re introducing 0xSplits, the protocol for trustless, composable, gas-efficient splits. It’s non-upgradable, completely free to use, and entirely onchain. 0xSplits is a piece of permanent infrastructure—in the form of a hyperstructure—and it’s live on Ethereum today. Give it a try at split.new.Each Split is a smart contract that continuously splits incoming funds among recipients according to preset ownership percentagesSplits are foundational building blocks upon which onchain collab...
0xSplitsLiquid Splits: Transferrable Ownership Using NFTs
Today we're adding a new type of Split to the app, Liquid Splits. Unlike standard Splits where ownership is controlled, Liquid Splits use NFTs to represent ownership. This gives control of the Split to recipients themselves by allowing shares to be easily transferred, either wholly or partially, to anyone else. If this sounds familiar, it might be because you heard about it first from our collaboration with Songcamp's Camp Chaos. Now we're making it easier than ever to spin up ...
0xSplitsIntroducing Swapper
What do creators like Jonathan Mann and Reo Cragun, DAOs like Nouns and AirSwap, collectives like Protocol Guild and Metalabel, and distributed validators running on Obol all have in common? They face a mismatch, where they generate revenue in one currency (typically ETH) and incur expenses in another (typically USDC, DAI or another stable coin). This mismatch is sometimes resolved through a combination of suboptimal solutions: rebalancing manually, granting custody to a third party, and deve...
The Splits Protocol – [0xsplits.xyz](https://www.0xsplits.xyz/)
The Splits Protocol – [0xsplits.xyz](https://www.0xsplits.xyz/)
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