We as an entity
As the Layer 3 Ecollective, our composition consists of individuals deeply devoted to developing, maintaining, and growing the community associated with the Eco currency, the Eco protocol, and its accompanying products.
Mission And Vision
We adhere to the tenets set forth in the Econstitution (EGP # ECOnstitution) and Builders Ecollective, which emphasizes the significance of sub-DAOs within the governance framework of the Eco protocol (EGP #006 Builders Ecollective Incentive Program).
We follow the precepts of ECOGM: Evangelize, Create, Onboard, Govern, Monetize. Over the lifetime of Layer 3 Ecollective, we have endowed these vectors with our own special meanings, which are:
Evangelize: As a collective, we were born out of this community. We see ourselves as the guardians and evangelists of the ideas on which the Eco currency has been built. That includes within the community, on social media, everywhere.
Create: Being proactive creators ourselves, we have also created and will continue to create incentive structures to encourage other community members to undertake valuable initiatives and create valuable content to grow the Eco Protocol. refN1
Onboard: We are the ones who not only promote the protocol and its products, attract new members to join and share our Сulture & Vibes but also guide them on a daily basis, and build frameworks to effectively integrate them into our community. refN2
Govern: This is the area and meaning that has been unifying for us throughout our 10 months of existence. To this point, as a group we have experimented with different web3 governance structures and consensus-building practices. These experiences and learnings will allow us to effectively distribute and deploy funds, mediate disagreements, and continue to iterate in the pursuit of our collective goal. However, the goal remains to be on-ramping new entities to the Eco protocol governance structure through our Ecollective, making it more distributed and autonomous. refN3
Monetize: It is still our biggest mission and goal to ensure that the number of initiatives aimed at Eco currency and all products based on it is growing and ensure that they are contributing to this new type of Economy, which serves our common interests and maximizes the aggregate wealth held in the Eco protocol.
refN1 - as an example for the “Create” subsection: One of our main challenges and successes in the first months of Layer 3’s formation has been the creation of incentive structures within Culture & Vibes, working schemes to encourage not only new entrants to the community but also Layer 3 members to continue to make useful contributions. As a quantifiable metric of success here could be the number of contributions by Layer 3 members. If we can achieve a 15-20% increase in contributions compared to the previous period. And some sort of feedback and participation levels in response to incentive schemes, if we receive positive feedback from at least 70% of participants, for example.
refN2 - as an example for the “Onboard” subsection: Layer 3 had 3 of the 4 community moderators as its members, each of whom directed new community members to the right answers on a daily basis (in addition to other Layer 3 members who also did so on a daily basis in Discord’s language channels). We have also conducted and are conducting initiatives aimed at attracting new users to the ecosystem, such as Zealy Quests (Zealy - Join the movement), EcoGeneration Auction, The NFT pizza drop (https://opensea.io/collection/ecopizza), community Twitter (https://twitter.com/ecolytes) and did numerous Twitter bounty-promos. We helped “integrate” the Tender Wallet bot into the community in the early weeks of its launch and we are the ones who have and are guiding new community members interested in the Beam wallet. As a metric of success here, we look at the growth in the number of initiatives to attract new individuals, the growth in the number of Beam wallet users, created as a result of these challenges, and the increase in the number of transactions and minted Beam names.
refN3 - as an example for the “Govern” subsection: During these 10 months, we have spent over 50+ hours in voice calls which were aimed at solving a multitude of issues related to the governance of the Layer 3 structure and various aspects of it. Overall our activity within Layer 3 resulted in at least 13 of our collective members significantly increasing their level of understanding of web3 governance processes, improving the quality of decision-making processes, and remaining committed to the principles of decentralization, permissionlessness, and autonomy. This is one of our biggest challenges, given the size of our sub-DAO, which we will continue to address going forward. We are putting the knowledge we have acquired to use for the benefit of Eco protocol, influencing decision-making on certain EGPs, and tracking the implementation of some of the community-oriented EGPs.
Our initial funding request will be allocated to a few specific efforts, which include major marketing programs designed to amplify our reach, maintain the unique culture and vibes within our community, and establish a moderate reserve fund for important community initiatives that spring up organically. We believe that targeted funding in these areas will not only fortify community engagement but also fuel the growth and adoption of the Eco currency, and increase the number of Eco and Ecox long-term holders and users. We are requesting an allocation of 1.87M Eco tokens from the community treasury to accomplish these goals.
The 1.87M Eco tokens will be distributed among the following initiatives over a 3-month timeframe: 1) Marketing campaigns - 1.37M Eco 2) Culture & Vibes - 300K Eco 3) Reserve Fund - 200K Eco. All unrealized funds from the programs and initiatives listed above will be returned to the community treasury. If this proposal is successful, we also ask to be refunded the 10,000 Eco required to pay the onchain fees for sending this proposal, so the final total would be 1.88M Eco.
1) Marketing programs aimed at attracting people to the ecosystem. 1.37M Eco
“Be Influential” - 1.22M Eco.
You can read about all the details of the program on the Layer 3 Ecollective Snapshot. LINK.
Short summary: This program, titled “Be Influential”, strategically engages content creators on Twitter to promote the Beam wallet and Eco protocol. Focused on mid-level influencers, it encourages them to share authentic experiences through various content types, from simple tweets to tweets with videos and infographics. A competitive prize pool of 1.22M Eco is proposed to incentivize participation over a three-month period, with stringent evaluation criteria for content quality and promotion efforts. Evaluation will be conducted by experienced members, ensuring fairness and transparency. In case of a suboptimal scenario, adjustments to prize places and fund return are planned, with a detailed report promised at the program’s conclusion.
“Eco Community Experiences in Thesandbox metaverse” - 150K Eco.
You can read more about all the details of this exact program on the Layer 3 Ecollective Snapshot. LINK
Short summary: This program is focusing on engaging events and the distribution of $ECO prizes. The aim is to increase user registration, enhance interaction with Builder’s projects, and promote them on Thesandbox and Twitter. Events will run 1-4 times monthly with a budget of up to 50,000 $ECO each month. The first event, “Beam Link Hunt,” involves QR code searches, with additional events including a lottery, Speed Run Challenge, and Eco Quiz. The proposal underscores user metrics for success, promising transparent reporting on Google Sheets.
2) Culture & Vibes initiative. 300K Eco
The Culture & Vibes 300K Eco funding request is an appeal from the Layer 3 Ecollective to support the essential aspects of community spirit within the Ecosystem. A thriving and harmonious community is integral to the success and longevity of the Eco protocol. The funds will be used for organizing events that strengthen the bonds among community members.
This area includes running challenges, raffles, English-speaking clubs (one of the unifying initiatives in this area aimed at overcoming the language barrier), and Twitter promotions, - on various platforms such as Discord, Twitter, Zealy, and others. Over the past 10 months, we’ve experimented a lot and developed an understanding of beneficial community initiatives and we would like to continue, refine, and grow this effort.
Existing and new initiatives within Culture & Vibes will go through the approval stage by the entire Layer 3 Ecollective. Applicants in Layer 3 Ecollective undergo a comprehensive proposal review process. This process involves dialogue and feedback from Layer 3 Ecollective members, ensuring a thorough examination of the initial proposal. For more details on the application submission and review process for Culture & Vibes funding, please see the Application Submission Process section. Funds will go exclusively to projects that benefit the community and add value to the Eco protocol ecosystem.
A detailed report on the Culture & Vibes initiatives will be made available to the public 3 months after the funds have been received or before the next request for funds.
3) Reserve Fund. 200K Eco
The formation of a reserve fund primarily serves to respond quickly to emerging community requests for funding for various projects beneficial to the Eco Protocol. In addition to requests from Layer 3 participants, we also make sure that initiatives encouraging the development of the Eco protocol from other community members also have ways to be realized within the reserve fund. The reserve fund can also be used to cover unaccounted administrative expenses, fees, etc.
Applications under Reserve Fund funding requests undergo a comprehensive review process. This process involves dialogue and feedback from Layer 3 Ecollective members, ensuring a thorough examination of the initial proposal. For more details on the application submission and review process for Reserve Fund funding, please see the Application Submission Process section.
The wide range of Layer 3 participants, with different backgrounds, experiences, and perspectives, ensures unbiased formation of a consensus opinion on the funding of certain projects.
Layer 3 Ecollective has a similar membership structure compared to the Builders Ecollective. Our composition is flexible, allowing members to join or exit the collective through a collective vote. As a result, our collective’s core activity typically involves around 20 to 30 members, maintaining a total membership of approximately 42 individuals. This positioning establishes us as the largest sub-DAO within the Eco protocol governance framework.
The initial membership is composed of the Layer 3 members. The Layer 3 Ecollective asks for the initial funding of 1.87M ECO tokens to be allocated to a Gnosis Safe where each member has one voting right. The consensus procedure will be made up of open talks among all the members, followed by a vote on Snapshot to formally settle opinions, and then followed by a transaction on Gnosis Safe to release the funds. The Gnosis Safe will be managed by the backup signers which are all the members listed below. To be considered for funds, a Layer 3 member must submit an application to the Layer 3 Ecollective on Snapshot, once they do so and the voting delay of 3 days has passed, the candidate’s submission will be regarded as official.
- Address: https://layer3.ecollective.xyz
- Network: Ethereum
- Authors: Whitelist (only Layer 3 Ecollective members can submit)
- Voting strategy: Whitelist (only Layer 3 Ecollective members can vote)
- Voting delay: 3 days
- Voting period: 3 days
- Voting quorum: 25 members equalling 60%
- Voting type: Basic voting (For, Against, or Abstain) with a single choice and shutter
- Controller: Gnosis Safe via SafeSnap
In the case that a proposal is accepted and the required number of votes are obtained, a transaction will be executed automatically by SafeSnap and release the funds from Safe. The Layer 3 Ecollective will repay any network fees utilized during the signing process to the members from the fund in the following cycle.
Gnosis Safe details:
- Address: 0x2a947049EC58BE1Bc08614101D0b3D43BA977f95
- Network: Ethereum
- Signers: 3
- Threshold: Bound to Snapshot
- Signing period: Automatic (SafeSnap)
- 0x0395dBF11151DfF453A17dCECdAb9116864fD1Ac (Discord: saulodigital)
- 0x8f10e24bc438d70f8749d688b100b8a76e3fa50a (Discord: dave_eco)
- 0x2c3021bbbe1a8d50c200f9489b557377ebecdf9a (Discord: mikeweb)
- Destination: Original address who submitted the proposal on Snapshot
Application submission process
This streamlined process combines voice discussions, asynchronous platforms, and voting tools to create an efficient and transparent proposal submission and review process for Layer 3 Ecollective. This approach guarantees that each proposal undergoes a thorough evaluation and benefits from contributions from participants in the Layer 3 Ecollective.
1. Idea Generation and Initial Discussion:
- Duration: 2-4 days
- Platform: Charmverse or Discord
- Process: Layer 3 members generate ideas and initiate discussions on Charmverse or Discord. Initial feedback is sought, and a temperature check is conducted.
2. Pre-Call Preparation (Optional):
- Duration: A couple of days before the general Layer 3 weekly call
- Platform: Charmverse or Discord
- Process: Ideas or proposals are added to the agenda for the upcoming weekly Layer 3 call. Members have time to prepare for in-depth discussions during the call.
- Duration: Until the feedback is addressed, or a reasoned opinion is given by the proposer as to why the feedback was not addressed.
- Process: The forum post evolves into a Charmverse proposal, entering the discussion stage. Any community member can suggest inline edits and provide global comments to enhance and refine the proposal. If the proposal develops within the Discord, the author needs to make a reasoned response to the feedback received. On both platforms, authors need to improve their proposals based on received feedback from other Layer 3 members.
4. Decide (Publish to Snapshot):
- Duration: Voting period - 3 days.
- Process: The final decision-making step involves pressing the “publish to snapshot” button within Charmverse, thereby initiating a Snapshot vote. A proposal can be sent to snapshot also manually if it was created and finalized as part of the Discord discussions.
This process encourages a thorough exploration of the application, promotes constructive dialogue, and ensures that the community has a chance to contribute to its improvement. The integration of Charmverse, with its ability to seamlessly transition from forum-style discussions to formal proposals, enhances the efficiency and transparency of the decision-making journey.
A detailed report on each marketing program conducted, as well as Culture & Vibes campaigns and the execution of the Reserve Fund - will be provided to the Eco Governance Forum (https://forums.eco.org/) after three months of receiving the funds in our Gnosis Safe.
The report will contain the stated success/failure criteria of all the projects and sections described in this EGP, their actual compliance with them, and a description of the beneficial effects for the Eco protocol and the community. Our own assessments of the prospects for certain initiatives, possible improvements, and recommendations to those responsible for implementation.
We will also give an overall assessment of our work as Layer 3 Ecollective, and highlight promising areas and areas that need improvement.
Also, we will provide a brief informal performance report at the end of each month since the funds have been received.
The Layer 3 Ecollective is a dedicated assembly of individuals deeply devoted to developing, maintaining, and growing the community associated with the Eco currency, the Eco protocol, and its accompanying products. Guided by the Eco nstitution and Builders Ecollective principles, our mission focuses on evangelizing, creating, onboarding, governing, and monetizing within the community.
The funding allocation request of 1.87M Eco tokens covers “Be Influential” and “Eco Community Experiences in Thesandbox metaverse” marketing programs, a Culture & Vibes initiative, and a Reserve fund. The comprehensive governance and reporting structure ensures transparency, accountability, and the active participation of Layer 3 members.
With a commitment to fostering community spirit and maintaining a vibrant ecosystem, the Layer 3 Ecollective seeks to contribute significantly to the growth and adoption of the Eco protocol, i.e. increase the number of real users of the Beam wallet, long-term holders of Eco and Ecox, strengthen the governance structure of the Eco protocol by increasing the number of active governance actors. The proposal reflects a strategic approach to funding allocation, incorporating targeted initiatives to fortify community engagement and ecosystem development. All unrealized funds from the programs and initiatives listed above will be returned to the community treasury.
If this proposal is successful, we also ask to be refunded the 10,000 Eco required to pay the onchain fees for sending this proposal, so the final total would be 1.88M Eco.