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tags: TEC

Hatch Run-Off Post

WE ARE ON THE HOME STRETCH OF THE PRE-HATCH PHASE.

Over the last month the community has come together to design the parameters of the Hatch. Economies were designed, debated and voted on producing excellent dialogue and iteration upon iteration of proposals. We saw the rise and fall of the Technocracy, Goldilocks Ascendant, and the looming shadow of the Zeptimus forks. We wrapped up the proposal process last week and you all voted on TokenLog, out of the many great Hatch designs it's all come down to a final run-off of the top 4 proposals. The names have been changed and the author's made anonymous. If you have Voting Power, now is the time to spend it!

The Proposals:

The Raw Data

Here is the data we used to generate most of the tables in this post.

We also pulled data directly from the Hatch Config Dashboard:

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Hatch Vote Run-off

Goals

These describe the minimum, maximum, and target funding goals for each proposal.

​​​​                Comparing the Proposals
Goal Proposal #80 Proposal #81 Proposal #82 Proposal #83
Target 1,000,000 3,000,000 2,888,888 3,000,000
Minimum 400,000 400,000 888,888 800,000
Maximum 15,000,000 7,500,000 8,888,888 14,000,000

Total Supply Minted for Backers (%)

Note: The Proposals refer to the the Total Supply held by Builders. Here we discuss the percent of the total supply of the Hatch tokens minted for the Backers.

​​​​                  Comparing the Proposals
wxDai Collected Proposal #80 Proposal #81 Proposal #82 Proposal #83
400,000 49.4 70.98 N/A N/A
1,000,000 56.23 73.1 69.77 75.55
2,000,000 64.26 76.03 74.05 78
3,000,000 69.81 78.39 77.28 80
5,000,000 76.96 81.94 81.8 83.08
7,000,000 81.37 84.49 84.82 85.34
10,000,000 85.53 N/A N/A 87.78
14,000,000 88.84 N/A N/A 90

Impact Hour Rate (wxDai/IH)

The Impact Hour Rate (wxDai/IH) sets the Minting Rate for Builders. If the Impact Hour Rate is 80 wxDai/hr, then having 1 Impact Hour will get the equivelent number of tokens as sending 80 wxDai into the Hatch.

​​​​                  Comparing the Proposals

wxDai Collected Proposal #80 Proposal #81 Proposal #82 Proposal #83
400,000 42.11 16.81 N/A N/A
1,000,000 80.00 37.81 44.53 33.25
2,000,000 114.29 64.79 72.01 57.97
3,000,000 133.33 85 90.65 77.07
5,000,000 153.85 113.27 114.33 104.66
7,000,000 164.71 132.09 128.75 123.62
10,000,000 173.91 N/A N/A 143.06
14,000,000 180.65 N/A N/A 159.82

Backer's RageQuit (%)

The Backer's RageQuit percentage is describing the amount of funds that Backers are able to remove during the Hatch Period. Each proposal offers a unique percentage of redeemable funds at each funding level.

​​​​                  Comparing the Proposals
wxDai Collected Proposal #80 Proposal #81 Proposal #82 Proposal #83
400,000 45.94 67.42 N/A N/A
1,000,000 52.29 69.45 64.19 74.04
2,000,000 59.77 72.23 68.13 76.44
3,000,000 64.92 74.47 71.1 78.4
5,000,000 71.57 77.84 75.26 81.42
7,000,000 75.67 80.26 78.03 83.63
10,000,000 79.54 N/A N/A 86.02
14,000,000 82.63 N/A N/A 88.2

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Control over wxDai in the Hatch DAO

The following charts illustrate the amount of redeembale funds controlled by the Backers (Yellow) and the Builders (Blue) at the minimum, target, and maximum goals for each proposal. The non-redeemable portion (Black) represents the Hatch Tribute (%) of each proposal and is consistent at each funding level.

Comparing Pie Charts

Support and Quorum

The Support Required (%) is the percentage of YES votes from the vote-total required for a proposal to pass.

The Minimum Quorum (%) is the percentage of YES votes from the total supply of TECH tokens that are required for a proposal to pass.

The Vote Duration (Days) is the number of days people can vote on porposal.
Support Required

​​​​                  Comparing the Proposals
Parameter Proposal #80 Proposal #81 Proposal #82 Proposal #83
Support Required (%) 80 80 88 88
Minimum Quorum (%) 10 4 8 8

Membership Ratio

Parameter Proposal #80 Proposal #81 Proposal #82 Proposal #83
Vote Duration (days) 4 3 4 4
Ragequit Delay (hours) 48 24 48 48
Time to Execute a Proposal (days) 6 4 6 6

Membership Ratio

The membership ratio determines how much wxDai Trusted Seed Members can send to the Hatch per CSTK.

The lowest CSTK score possible for Trusted Seed members is 1,125 CSTK.

For people who have not been actively contributing to the Commons Stack and Token Engineering Commons communities and have a low CSTK Score, if they want to send more wxDai into the Hatch then their score permits, they can increase their score by paying more membership dues to the Trusted Seed.

​​​​                  Comparing the Proposals
Parameter Proposal #80 Proposal #81 Proposal #82 Proposal #83
Membership Ratio (wxDai/CSTK) 50 4.5 8 10
Max Contribution (wxDai) at 1,125 CSTK 56,250 5,062 9,000 11,250
Extra dues needed to send 1000 wxDai more (Dai) 8 88.89 50 40

Troll Rate

The Vote Proposal Buffer is the amount of time that must pass between the start of subsequent votes, and the Tollgate Fee is the amount of wxDAI that is required to submit a proposal.

The Troll Rate (wxDai/hr) is the cost of spamming the Hatch DAO with proposals.

​​​​                 Comparing the Proposals
Parameter Proposal #80 Proposal #81 Proposal #82 Proposal #83
Vote Proposal Buffer (hours) 8 8 8 4
Tollgate Fee (wxDai) 5,000.00 800 1,888 1,000.00
Troll Rate (wxDai/hr) 625 100 236 250

Get to know the proposals better! Join us for a Debate!

Hatch Params Debate Party - Thursday 4pm NYC/10pm Berlin -

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Hatch Params Debate Party Friday 9am NYC/3pm Berlin -

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Hatch Params Debate Party - Friday 2pm NYC/8pm Berlin -

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Hatch Params Debate Party - Friday 3pm NYC/9pm Berlin -

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Hatch Params Debate Party - Saturday 12pm NYC/6pm Berlin -

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Hatch Params Debate Party - Monday 6am NYC/12pm Berlin -

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Hatch Params Debate Party - Monday 1pm NYC/7pm Berlin -

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Hatch Params Debate Party - Tuesday 11am NYC/5pm Berlin -

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Voting remains open until Tuesday, May 25th! "Your Economy; Your Choice" has never been more true than now. The whole TEC community has been hard at work, 'round the clock across nearly every time zone on the planet leading up to the Hatch Phase. WE ARE SO CLOSE! It's time to vote, make your voice heard and arm yourself with critical knowledge as we come ever close to the opening of the Hatch.

🗳 Know what you like best? Vote Now! 🗳

Not sure how Voting Works? Check out this forum post:

How to ROCK THE VOTE with Tokenlog’s Quadratic Voting

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