$300M+ on Bounties, Grants & DAOs
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$300M+ on Bounties, Grants & DAOs

Harmony is driving blockchain adoption by building bridges to all networks. Our recent blogs "Harmony’s $1M Hackathon & DAO" and "Here’s to The ONEs Who Build" call for working together with builders and communities. Below are the strategies and the execution plans for growing Harmony Ecosystem with our $300M+ treasury fund.

Our thesis on Harmony Ecosystem Fund is

  1. Build – generous pay for developers and creatives toward impacts;
  2. Play – small budgets but many experiments in short timeframes;
  3. Talk – strong guidance and peer feedbacks in open forums.

12-Month Overall Budgets: 2021Q4 – 2022Q3

CategoryQuantityPer ItemBudgetDuration

DAOs

100

$500K-$1M

$50M

1 year

Bounties

1000

$10-200K

$30M

3-12 weeks

Partners

10

$3-5M

$30M

6-12 months

Ports

100

$50-250K

$20M

4-8 weeks

Launches

500

$25-50K

$20M

8-12 weeks

Investments

50

$250K-1M

$20M

1-3 years

Hackathons

10

$50K-1M

$10M

1-6 weeks

TOTAL BUDGET

$180M

1 year

[Treasury Reserve]

$200M

3 years

[TOTAL FUND]

$380M

4 years

Moreover, we will continue to engage other platform partners such as Gitcoin Kernel, DeFi Alliance, DAOhaus, University of Wyoming, and HashKey.

🏗️$1M Hackathon & DAO on Building Bridges🎶Here’s to The ONEs Who Build

6-Month Bounty Budgets: 2021Q3 – 2022Q1

AmountQuantityBudgetHourly RateMen * Weeks
$10,000

500

$5M

$111

1 * 3

$25,000

100

$2.5M

$139

1 * 6

$50,000

25

$1.25M

$139

2 * 4

$100,000

10

$1M

$139

3 * 8

$200,000

5

$1M

$185

3 * 12

TOTAL BUDGET

$10.75M

Effectively: maximum 30 hours per week, involving (500 + 100)*1 + 25*2 + 10*3 + 5*3 = 695 developers in 6 months, or about 2100 in 1 year with a $30M budget.

🛠️Open Bounties & Tasks🍠Aaron Li: 1Wallet & Social NFT

Below are a few examples of DAO tag lines and mandates – memorable enough to fit in a tweet! See Stephen's talk harmony.one/talk-dao for details.

  1. Wallet DAO – Fearless wallet for everyone
    • Security: promote social recovery & one-time-password authenticators for on-chain fund
    • Impacts: create basic income & wealth from fixed-rate or high-yield investments
    • Adoption: open millions to self-custody assets & collectibles without hardware, password or hack
  2. Research DAO – Bring best results to production
    • Cryptography: deploy succinct proofs for privacy & performance
    • Security: use mechanical verification for audits, strongly typed languages for prototyping
    • Decentralization: scale transactions across protocols, on-chain staking & delegation across light clients
  3. Community DAO – Open Consensus with Radical Fairness
    • Growth: onboard users on missions and culture, pollinate values across communities
    • Engagement: amplify content of roadmap and milestones, creative campaigns of products
    • Diversity: solicit voices and votes in forums, reinforce strong governance participation
  4. Validator DAO – Diverse participation for vibrant network
    • Decentralization: bootstrap thousands of elected validators, grow diverse validator profiles
    • Security: support high staking rate, promote security practices and tooling
    • Participation: facilitate protocol upgrade proposals, recruit votes for improvements
  5. Developer DAO – Builders First & Friendly
    • Support: resolve daily issues on forums & channels, drive weekly meeting agenda
    • Bounties: prioritize bugs & features with task management  & contributor retention
    • Advocacy: hold workshops & events, content marketing with talks & blogs
  6. Basic DAO – Basic Income for At-Will Contributions
    • Timesheets: help contributors track work hours & deliverables in public
    • Payrolls: setup paid challenges, wallets, streaming payments & tax
    • Reviews: follow up performance feedback for bonus or penalty, rage quits or kicks
  7. Matching DAO – All for ONE with Love
    • Humans: spotlight our builder, artist.. or stranger
    • Stories: write editorials of appreciation, curate moments of retroactive significance
    • Bonds: layer 1-to-1 edges among billions, bring meanings to everyday endeavor toward a shared mission
👩‍🚀Research DAO – Bring Best Results to Production💰$20M Grants & Bounties on Wallets👫Why & How to DAO on Harmony?

3 Themes & 12 Tracks

Below are some structure and labels to help allocations – see Stephen's talk harmony.one/talk-build for details.

  1. Cross-Chain with Trustless Bridges
    1. liquidity – aggregation, arbitrage, fixed-rate
    2. middlewares – index, analytics, names
    3. applications – assets (DeFi), collectibles (NFT), clubs (DAO)
    4. platform – network, protocols, bridges
  2. On-Chain with Wallet Security
  3. Cross-Border with Fintech Integrations
    1. gateways – fiat, credit cards, exchanges
    2. corporate – accounting, privacy, payrolls
    3. regional – over-counter services, retail shop loyalty, commerce logistics
    4. impacts – social changes, mechanisms design, radical markets
💰$20M Grants & Bounties on Wallets💎$13M Grants & Bounties on NFT

Success Metrics

2021-10-16 (at $0.215848 per ONE)

2021-09-29 (at $0.148952 per ONE)

2021-08-24 (at $0.102146 per ONE)

👩‍👧‍👧Reference: Grants of Other Base Protocols

Key Targets

  1. Mirror is an on-chain DAO with writers. Toward an open creator economy, its publishing platform is running on smart contracts with blockchain-native middlewares such as domain names, content storage, tokenized crowdfunding. Mirror compresses content revenue splits with Merkle proofs like Uniswap exchange’s airdrops and embeds reserve auctions for collectible editions with Zora marketplace’s timed mechanism. The “Splits” feature that routes funds continuously is a primitive for authorship attribution, patronage rewards as well as funding public goods like Gitcoin and ETHGlobal. Mirror’s weekly campaigns for inviting new writers are gated with its native token, attracting millions of votes and thousands of candidates. Beyond individual creators or writers, Mirror also supports building crypto-native communities and businesses collaboratively via joint publication as media DAO.
  2. Yield Guild is a social DAO for gamers. Yield’s community buys virtual lands together as investment, plays game together to earn assets, and rents items to each other to share profits. Yield is also scaling on-chain staking, reward claims and NFT lending.
  3. Timeless is a curator DAO for moment NFT. True fans, tastemakers and patrons can bond over animated 3D models as mementos of real-life events. Like NBA Top Shot for iconic games, Timeless captures the memories of your life, your clubs or your metaverse as NFT. Timeless hosts on-chain auctions for event tickets, boosts incentives for engagement in DAO, and monetizes exclusive access or conversations. A time wallet with beautiful calendars and crypto integrations, defining the next million subcultures on blockchain.
  4. Frax is a fractional-algorithmic stablecoin with under-collateralized assets and its governance tokens. Buybacks from asset interests and redemption fees keep collateral ratio low. Algorithmic market operations such as reinvesting, lending collaterals, vesting yields, and volatility hedges further improve Frax’s monetary policies for robustness. Its on-chain price index can soon denominate the standard of living better than stablecoins.
🚀Apply for Grants or DAO👩‍🚀"ONE to Earn" for Builders & Creatives