BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
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DAOhaus is a no-code platform for launching and operating DAOs. DAOs have used DAOhaus software to raise more than $50m and distribute almost $20m. On the Daohaus platform, you can discover and join existing DAOs, as well as launch your own. Launching a DAO on Daohaus provides a landing page where others can pledge to join.
In this tutorial, you’ll learn the core actions to participating in a DAOHaus DAO: How to join a DAO, create a proposal, sponsor a proposal, vote on a proposal and process a proposal.
Join DAOhaus discord #haus-roles to get Scholar role
Use the !join command to get the foundations roles.
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
You will need to follow the steps in this first section to join as a member of FoundationsDAO. Before you can make a proposal you’ll need to acquire at least 1 HAUS token and at least 0.05 Wrapped xDai.
Make sure you have added the xDAI network to your Metamask and bridge DAI to xDAI.
You will need to bridge enough xDAI to get at least 1 HAUS token and 0.05 Wrapped xDai to be able to sponsor someone’s proposal.
Tutorial: Add the xDAI network to your Metamask and Bridge DAI to xDAI
Get HAUS from a DEX (Decentralized Exchange). You will need acquire 1 HAUS for this quest.
We recommend using Honeyswap: https://app.honeyswap.org/#/swap
Select xDAI and HAUS.
Exchange xDAI for 1 HAUS.
You can add the HAUS token to your Metamask using the HAUS token contract: 0xb0c5f3100a4d9d9532a4cfd68c55f1ae8da987eb
Get Wrapped xDAI so you can sponsor someone’s proposal.
You’ll need at least 0.05 Wrapped xDai to sponsor someone’s proposal.
Open the DAOHaus App.
Find the FoundationsDAO in the DAOHaus Explorer.
Click on “New Proposal +”
Select “Request shares for tokens”:
Request Shares For Tokens
Title: Request to Join The FoundationsDAO
Shares Requested: 1 Share
Tribute Offered: 1 HAUS
Unlock HAUS token
You have to wait until it shows that the token has been approved.
It will tell you that a proposal has been submitted in the top right notifications in green. Wait 24 hours for someone to sponsor your post
Once the vote and grace period has past, you will become a member of the FoundationsDAO, and gain new privileges. Some of those privileges include: sponsoring proposals, voting on proposals and processing proposals. We will walk through those processes in the following sections.
You may recall that when you created a proposal to be admitted into the DAO, a member of the DAO is needed to sponsor your proposal before it was put up for a vote. Now that you are a member of the DAO you have the ability to sponsor new proposals.
NOTE: You are able to sponsor proposals that are created by others as well as your own.
On the proposals page you can use the “Filter By” dropdown menu to select “Unsponsored” to load all proposals that need to be sponsored. The first line of each proposal will tell you what kind of proposal it is. Remember: you are now a contributing member of a DAO and it is every member’s responsibility to learn what each proposal will do before sponsoring or voting on it. Take the time to browse the open proposals and select one that you would like to sponsor.
When you click into a proposal you will be able to read more information about it. Just like you needed to do when you requested to join the DAO, you will see the amount the person has put up as “Tribute” (will add to the DAO treasury) to join, and how many shares they wish to receive in return. For the FoundationsDAO it is reasonable to request 1 Share in exchange for 1 HAUS. For more complex proposals there can also be a link to the forum where discussion should happen before a proposal should be sponsored and voted on.
NOTE: If the person is asking for more than 1 share for tributing 1 HAUS it should not be sponsored.
If you are convinced that the proposal is worthy of being voted on, then you can sponsor it by depositing 0.05 Wrapped xDai. If you don’t already have this you can follow the tutorial to learn how to wrap xDai (the native token of the xDai network): Tutorial: How to convert xDAI to Wrapped xDAI (WrapETH)
Naturally you will need to approve the contract to access the Wrapped xDai in your wallet first, but then you can click the “Sponsor” button, approve the transaction and that’s it.
NOTE: This deposit will be returned to you once the proposal has been processed. (Minus the reward for processing, if one has been selected.)
Once a proposal has been sponsored, it will take a minute or so to be able to be voted on.
After waiting a minute refresh the page and you will see that the proposal is up for a vote for the next 24 hours. You can then click on the green thumbs up icon to vote Yes, or the red thumbs down icon to vote No. Once you click on one a transaction window will pop up for you to approve and cast your vote. After 24 hours whether the vote passes or fails, it will go into the “grace period” this will give any DAO members that do not agree with the outcome of the vote the opportunity to “ragequit” by cashing their DAO shares in for an appropriate amount of funds from the treasury. This is a common feature of a Moloch DAO.
NOTE: Voting Yes or No will complete the RabbitHole Task.
Once the grace period ends the proposal will be ready to be processed. If the vote failed the proposal will simply be discarded, but if the vote passed, then the proposal will be enacted. In the case of a Member Request proposal, the person that requested will be admitted into the DAO, their tribute will be added to the treasury, and they will gain the amount of shares they requested.
On the proposals page you can use the “Filter By” dropdown menu to select “Ready for Processing” to load all proposals that are ready to process.
Click into the proposal and then click the “Process” button under the Actions heading on the right of the page. You will then need to confirm the transaction, and once it has gone through the proposal will be processed.
And that’s it! You now know how to create a proposal, sponsor a proposal, vote on a proposal and process a proposal. These are core actions to participating in a DAOHaus DAO.
Always remember to return to the RabbitHole site in order to redeem each Task and then mark the Quest/Skill as complete within the timeframe so that you will be eligible for the reward.
DAOhaus is a no-code platform for launching and operating DAOs. DAOs have used DAOhaus software to raise more than $50m and distribute almost $20m. On the Daohaus platform, you can discover and join existing DAOs, as well as launch your own. Launching a DAO on Daohaus provides a landing page where others can pledge to join.
In this tutorial, you’ll learn the core actions to participating in a DAOHaus DAO: How to join a DAO, create a proposal, sponsor a proposal, vote on a proposal and process a proposal.
Join DAOhaus discord #haus-roles to get Scholar role
Use the !join command to get the foundations roles.
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
You will need to follow the steps in this first section to join as a member of FoundationsDAO. Before you can make a proposal you’ll need to acquire at least 1 HAUS token and at least 0.05 Wrapped xDai.
Make sure you have added the xDAI network to your Metamask and bridge DAI to xDAI.
You will need to bridge enough xDAI to get at least 1 HAUS token and 0.05 Wrapped xDai to be able to sponsor someone’s proposal.
Tutorial: Add the xDAI network to your Metamask and Bridge DAI to xDAI
Get HAUS from a DEX (Decentralized Exchange). You will need acquire 1 HAUS for this quest.
We recommend using Honeyswap: https://app.honeyswap.org/#/swap
Select xDAI and HAUS.
Exchange xDAI for 1 HAUS.
You can add the HAUS token to your Metamask using the HAUS token contract: 0xb0c5f3100a4d9d9532a4cfd68c55f1ae8da987eb
Get Wrapped xDAI so you can sponsor someone’s proposal.
You’ll need at least 0.05 Wrapped xDai to sponsor someone’s proposal.
Open the DAOHaus App.
Find the FoundationsDAO in the DAOHaus Explorer.
Click on “New Proposal +”
Select “Request shares for tokens”:
Request Shares For Tokens
Title: Request to Join The FoundationsDAO
Shares Requested: 1 Share
Tribute Offered: 1 HAUS
Unlock HAUS token
You have to wait until it shows that the token has been approved.
It will tell you that a proposal has been submitted in the top right notifications in green. Wait 24 hours for someone to sponsor your post
Once the vote and grace period has past, you will become a member of the FoundationsDAO, and gain new privileges. Some of those privileges include: sponsoring proposals, voting on proposals and processing proposals. We will walk through those processes in the following sections.
You may recall that when you created a proposal to be admitted into the DAO, a member of the DAO is needed to sponsor your proposal before it was put up for a vote. Now that you are a member of the DAO you have the ability to sponsor new proposals.
NOTE: You are able to sponsor proposals that are created by others as well as your own.
On the proposals page you can use the “Filter By” dropdown menu to select “Unsponsored” to load all proposals that need to be sponsored. The first line of each proposal will tell you what kind of proposal it is. Remember: you are now a contributing member of a DAO and it is every member’s responsibility to learn what each proposal will do before sponsoring or voting on it. Take the time to browse the open proposals and select one that you would like to sponsor.
When you click into a proposal you will be able to read more information about it. Just like you needed to do when you requested to join the DAO, you will see the amount the person has put up as “Tribute” (will add to the DAO treasury) to join, and how many shares they wish to receive in return. For the FoundationsDAO it is reasonable to request 1 Share in exchange for 1 HAUS. For more complex proposals there can also be a link to the forum where discussion should happen before a proposal should be sponsored and voted on.
NOTE: If the person is asking for more than 1 share for tributing 1 HAUS it should not be sponsored.
If you are convinced that the proposal is worthy of being voted on, then you can sponsor it by depositing 0.05 Wrapped xDai. If you don’t already have this you can follow the tutorial to learn how to wrap xDai (the native token of the xDai network): Tutorial: How to convert xDAI to Wrapped xDAI (WrapETH)
Naturally you will need to approve the contract to access the Wrapped xDai in your wallet first, but then you can click the “Sponsor” button, approve the transaction and that’s it.
NOTE: This deposit will be returned to you once the proposal has been processed. (Minus the reward for processing, if one has been selected.)
Once a proposal has been sponsored, it will take a minute or so to be able to be voted on.
After waiting a minute refresh the page and you will see that the proposal is up for a vote for the next 24 hours. You can then click on the green thumbs up icon to vote Yes, or the red thumbs down icon to vote No. Once you click on one a transaction window will pop up for you to approve and cast your vote. After 24 hours whether the vote passes or fails, it will go into the “grace period” this will give any DAO members that do not agree with the outcome of the vote the opportunity to “ragequit” by cashing their DAO shares in for an appropriate amount of funds from the treasury. This is a common feature of a Moloch DAO.
NOTE: Voting Yes or No will complete the RabbitHole Task.
Once the grace period ends the proposal will be ready to be processed. If the vote failed the proposal will simply be discarded, but if the vote passed, then the proposal will be enacted. In the case of a Member Request proposal, the person that requested will be admitted into the DAO, their tribute will be added to the treasury, and they will gain the amount of shares they requested.
On the proposals page you can use the “Filter By” dropdown menu to select “Ready for Processing” to load all proposals that are ready to process.
Click into the proposal and then click the “Process” button under the Actions heading on the right of the page. You will then need to confirm the transaction, and once it has gone through the proposal will be processed.
And that’s it! You now know how to create a proposal, sponsor a proposal, vote on a proposal and process a proposal. These are core actions to participating in a DAOHaus DAO.
Always remember to return to the RabbitHole site in order to redeem each Task and then mark the Quest/Skill as complete within the timeframe so that you will be eligible for the reward.
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