The Flashstake community has been coming up with ideas that require funding and approval. Not all ideas that the Flashstake community has may align with what the Blockzero community want, which can be frustrating to some Flashstake community members. Instead of being fully reliant on Blockzero governance for approval and Foundation tokens for funding, what if the Flashstake community could be more self sufficient and be able to get some things they want to see done by having their own pool of FLASH tokens to flashstake for funding?
This proposal might be the quickest, easiest, and most efficient way to get some funds and decision making power to the Flashstake community ASAP, to alleviate having to ask the Blockzero core or community for permission for the ideas they have, therefore helping remove some of the micromanagement and friction that currently exists. This could also allow a way for FLASH holders to be the primary decision makers with how these specific funds are used.
Questions for the community to refine this proposal regarding these FLASH Community Funds (“FCF”):
- How many FLASH tokens should be given as a one-time allocation from the Flash Funds to a FCF for this purpose?
- Who should control these FCF tokens? Should a multisig be created and if so who should have access to that multisig?
- How should these FCF be governed? Should they also use snapshot.org as we have used for $XIO voting?
- Should only FLASH holders/stakers/LPs be allowed to have a vote on how FCF is used?
- Should FCF only be allowed to be flashstaked and not transferred to other wallets?
- How do we ensure ideas align with the overall goals for Flashstake and does not go against the Blockzero brand or ethos?
- What do you like or not like about this proposal, is there anything you would want to add or change?
Note: we are only exploring this proposal as an idea at this stage and any feedback will help to structure it further. There is no commitment for this proposal at this point in time.
Feedback are eligible for #XIOfeedback credits.