From 198eff36aaa638d0723534d227c515a12c07de70 Mon Sep 17 00:00:00 2001 From: ZKJew <106914330+ZKJew@users.noreply.github.com> Date: Fri, 9 Aug 2024 16:53:58 -0400 Subject: [PATCH 1/3] LIP-30.md MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 8bit LIP-30: Treasury Reorganization title: description: author: < (@zkjew), > discussions-to: status: Draft type: category: created: <(2024-08-09) > --- ## Abstract ## Motivation ## Specification and Rational ## Backwards Compatibility ## Copyright Copyright and related rights waived via CC0. --- LIPs/LIP-30.md | 37 ++++++++++++++++++++ LIPs/lip-template.md | 81 -------------------------------------------- 2 files changed, 37 insertions(+), 81 deletions(-) create mode 100644 LIPs/LIP-30.md delete mode 100644 LIPs/lip-template.md diff --git a/LIPs/LIP-30.md b/LIPs/LIP-30.md new file mode 100644 index 0000000..281fcd8 --- /dev/null +++ b/LIPs/LIP-30.md @@ -0,0 +1,37 @@ +--- +title: +description: +author: < (@zkjew), > +discussions-to: <(https://orb.club/p/0xdd33-0x08f1-DA-9703d62f)> +status: Draft +type: +category: +created: <(2024-08-09) > +--- + +## Abstract + + + +## Motivation + + + +## Specification and Rational + + + +## Backwards Compatibility + + + +## Copyright + +Copyright and related rights waived via CC0. diff --git a/LIPs/lip-template.md b/LIPs/lip-template.md deleted file mode 100644 index 37e0748..0000000 --- a/LIPs/lip-template.md +++ /dev/null @@ -1,81 +0,0 @@ ---- -title: -description: -author: , FirstName (@GitHubUsername) and GitHubUsername (@GitHubUsername)> -discussions-to: -status: Draft -type: -category: # Only required for Protocol. Otherwise, remove this field. -created: -requires: # Only required when you reference an LIP which is also dependent on this to work. Otherwise, remove this field. ---- - -## Abstract - - - -## Motivation - - - -## Specification - - - -## Rationale - - - -TBD - -## Backwards Compatibility - - - -No backward compatibility issues found. - -## Security Considerations - - - -Needs discussion. - -## Copyright - -Copyright and related rights waived via CC0. From 6b75f02e0d349c923ccd11e39c933bdd14e0ac96 Mon Sep 17 00:00:00 2001 From: ZKJew <106914330+ZKJew@users.noreply.github.com> Date: Fri, 9 Aug 2024 17:12:44 -0400 Subject: [PATCH 2/3] LIP-30.md --- LIPs/LIP-30.md | 18 ++++++++++-------- 1 file changed, 10 insertions(+), 8 deletions(-) diff --git a/LIPs/LIP-30.md b/LIPs/LIP-30.md index 281fcd8..d8a0053 100644 --- a/LIPs/LIP-30.md +++ b/LIPs/LIP-30.md @@ -11,26 +11,28 @@ created: <(2024-08-09) > ## Abstract - +< +Lens protocol has undergone a vast amount of growth over the past year. This is showcased in Lens’s treasury holdings which boast over $500,000 dollars in value accrued from mainly Lens profile and handle mints. The goal of this LIP is to foster discussion and a layout a plan for proper treasury management. +> ## Motivation - +< + Currently, the majority of Lens’s funds have been stored in MATIC as it is the gas token for the polygon POS chain that Lens currently inhabits; however, Lens’s current V3 visions will see a migration away from polygon to “Lens chain” and will need various different payment tokens that is not just matic. In addition, matic has been seen to be a less than satisfactory investment when compared to its competitors. Furthermore, treasury diversification should be done in order to support Lens’s long term needs in terms of subsidies of gas for high quality users. + > ## Specification and Rational - +> ## Backwards Compatibility - + > ## Copyright From 71bfe6c77355894d8c9d1ae9baf463f24e67098f Mon Sep 17 00:00:00 2001 From: ZKJew <106914330+ZKJew@users.noreply.github.com> Date: Wed, 14 Aug 2024 11:50:39 -0400 Subject: [PATCH 3/3] [LIP-30] Lens Treasury Management and Revenue Back Stimulation Campaigns.md --- LIPs/LIP-30.md | 39 ------------------- ... and Revenue Back Stimulation Campaigns.md | 39 +++++++++++++++++++ 2 files changed, 39 insertions(+), 39 deletions(-) delete mode 100644 LIPs/LIP-30.md create mode 100644 LIPs/[LIP-30] Lens Treasury Management and Revenue Back Stimulation Campaigns.md diff --git a/LIPs/LIP-30.md b/LIPs/LIP-30.md deleted file mode 100644 index d8a0053..0000000 --- a/LIPs/LIP-30.md +++ /dev/null @@ -1,39 +0,0 @@ ---- -title: -description: -author: < (@zkjew), > -discussions-to: <(https://orb.club/p/0xdd33-0x08f1-DA-9703d62f)> -status: Draft -type: -category: -created: <(2024-08-09) > ---- - -## Abstract - -< -Lens protocol has undergone a vast amount of growth over the past year. This is showcased in Lens’s treasury holdings which boast over $500,000 dollars in value accrued from mainly Lens profile and handle mints. The goal of this LIP is to foster discussion and a layout a plan for proper treasury management. -> - -## Motivation - -< - Currently, the majority of Lens’s funds have been stored in MATIC as it is the gas token for the polygon POS chain that Lens currently inhabits; however, Lens’s current V3 visions will see a migration away from polygon to “Lens chain” and will need various different payment tokens that is not just matic. In addition, matic has been seen to be a less than satisfactory investment when compared to its competitors. Furthermore, treasury diversification should be done in order to support Lens’s long term needs in terms of subsidies of gas for high quality users. - > - -## Specification and Rational - -< - -Lens protocol should diversify its treasury into the following basket of assets ETH (50%) to pay for DA gas on ethereum and as a better store of value comparatively to matic, additionally 10% should be held in LINK to pay for CCIP bridged data to Lens chain. Also, 10% should be held in AR to store posts on areweave, 10% should be saved in MATIC for profiles that prefer to use Momoka, 10% should be held in ZK in order to allow for Lens to scale high throughput interactions using zkporter, and 10% should be allocated to buying and supporting Lens’s main currency $BONSAI through burns, airdrops, or other incentives like liquidity provisions or burnt liquidity. To manage this, Lens will DCA into these holdings when the revenue meets a certain benchmark for all new profile mints and will retroactively DCA the old mints in a responsible manner. -> - -## Backwards Compatibility - -< - No backward compatibility issues found. - > - -## Copyright - -Copyright and related rights waived via CC0. diff --git a/LIPs/[LIP-30] Lens Treasury Management and Revenue Back Stimulation Campaigns.md b/LIPs/[LIP-30] Lens Treasury Management and Revenue Back Stimulation Campaigns.md new file mode 100644 index 0000000..4f83882 --- /dev/null +++ b/LIPs/[LIP-30] Lens Treasury Management and Revenue Back Stimulation Campaigns.md @@ -0,0 +1,39 @@ +--- +title: +description: +author: < (@zkjew), > +discussions-to: <(https://orb.club/p/0xdd33-0x08f1-DA-9703d62f)> +status: Draft +type: +category: +created: <(2024-08-09) > +--- + +## Abstract + +< +Lens protocol has undergone a vast amount of growth over the past year. This is showcased in Lens’s treasury holdings which boast over $500,000 dollars in value accrued from mainly Lens profile and handle mints. The goal of this LIP is to layout a plan for proper treasury management. +> + +## Motivation + +< + Currently, the majority of Lens’s funds have been stored in MATIC as it is the gas token for the polygon POS chain that Lens currently inhabits; however, Lens’s current V3 visions will see a migration away from polygon to “Lens chain” and will need various different payment tokens that is not just matic. In addition, matic has been seen to be a less than satisfactory investment when compared to its competitors. Furthermore, treasury diversification should be done in order to support Lens’s long term needs in terms of subsidies of gas and incentives for high quality users. + > + +## Specification and Rational + +< + +Lens protocol should diversify its treasury into assets for the following needs when revenue is produced: It should have an allocation to buy data availibility as a validium or layer 2. It should have an allocation to purchase data bridging services from Chainlink as proposed in Lens's V3 vision. It should have an allocation to pay for permanent storage of data like on Arweave. Some matic should be saved to continue to fund transactions on the old infrustructure (Momoka). Some should be allocated to giving Lens a stake in ZKsync's governance which is where Lens Chain will be hosted. And finally, a certain portion should be allocated to holdings of Lens's defacto currency "Bonsai" to stimulant the Lens Economy via airdrops to incentive new users to join and reward current high quality users. A "test" of this could be conducted on Lens's V3 launch to see if it's effective in directly stimulating growth. To manage this, Lens will DCA into these holdings when the revenue meets a certain benchmark for revenue produced by all old profile mints and will retroactively DCA revenue for all the new mints in a responsible manner. +> + +## Backwards Compatibility + +< + No backward compatibility issues found. + > + +## Copyright + +Copyright and related rights waived via CC0.