WAX-RFP Flow

[rakeden]

Proposal Flow: Naive Proposal >> Request for Proposal >> Proposal Evaluation

A) Naive Proposal

• User-Story: "I want Feature X to be on WAX"
• Developer-Story: "This is possible to develop"

B) Request for Proposal

• Description of the Feature
• Go-To-Market Strategy explained (only relevant for Products)
• Product-Maintenance explained

C) Proposal Evaluation

1. Market Research

• Who is the target audience?
• Are there comparable on-chain metrics?
• ....

2. Proposal Objectives

• Wha does the proposal actually do?
• e.g. bringing new users, bringing new creators, increasing performance, etc

3. Only Open-Source projects

• Yields educative content
• No progress lost, if a project is abandoned
• Easy to review progress of proposal
• "Product-Maintenance" doesn't hard-fail

4. Incentive for the WAX ecosystem?

• What value does it hold for customers?
• How can this value be measured? e.g. Token-Burn, DAUs, TVL

5. Considerable size of proposal

• Is the project straight-forward built
• different projects tiers: A: <k5, B: <15k, C:<50k

Decision Flow (on WAX Labs)

1. initially resolve: Community Votes until threshold
2. 2/5 Votes => Guilds vote (1 guild, 1 vote - majority or 2/3)
3. 1/5 Votes => OIG vote (1 IG, 1 vote - majority or 2/3)
4. 2/5 Votes => WAX team votes (yes/no)