changed 2 years ago  
Published Linked with GitHub
  • Nance as a revnet?
  • L2s?
  • "Revenue generating"
    • paying clients other than JBDAO :heavy_check_mark:
    • investors other than JBDAO

What is a revnet?

  • bizmodel based on network effect, over time, where newer participants acknowledge contributions from prior participants.

  • its a jb project owned by a contract that enforces 3 specific rules:

    • ETH or USDC treasury?
    • price ceiling created by the issuance rate (i.e. 100 $NANCE / 1 ETH)
    • price ceiling's increase rate (2.5% every 28 days) [discount rate]
    • price floor's tax intensity [redemption rate]
    • boost [reserved rate], 20% of $NANCE issuance to nance.eth multisig for first 3 years, 10% $NANCE issuance for the next 10 years.
    • boost operator (zeugh.eth). can reroute the boost percentage at time to various splits. change the boost operator.

Tuning a revnet for $NANCE

current NANCE budget ~ $12k / 2 weeks
(eth is \(2k/1) (\)NANCE issuance is 1,000 \(NANCE / 1 eth) (\)NANCE issuance is 1,000 $NANCE / $2k)

so, 6,000 $NANCE per jbdao payout

Active needs to incentivize:

  • api dev
  • web dev
  • biz dev

40% boost for 1st year
2,400 $NANCE to nance.eth multisig each cycle.

30% for 2nd year
20% for 3rd year
10% for 4th year

Revnet strategy

(nance.eth multisig / project owner) <–––-> (outside world, constributors)
(REVNET)

Talking to moondao:
Either:
1. charge X ETH paid into the REVNET. As a result, boost will get $NANCE, and moondao will get $NANCE. if moondao wants a rebate on their purchase, they can redeem the $NANCE.
2. charge X $NANCE. they have to go to the REVNET and get it and give it to you.
- or Y <othercurrency> which the system will convert to $NANCE once they get it.
3. ?

Ecosystem strategy

  • $NANCE revnet will run on $NANA
  • $NANA is a $JBX fork (fork of juicebox protocol, projectId #1 issues $NANA. charges 2.5% fee on payouts and redemptions)
  • $NANA runs revnet
  • juiceboxDAO will be preminted a lot of $NANA.
  • testnet end of month

Bananapus

https://bananapus.eth.limo

  • cross-chain payments (pay a project on L2, funds end up on L1 with L1 token issuance.)
  • cross-chain incentives (stake token on chain1 and be aligible for periodic (weekly) reward claims on chain1, chain2, etc)
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