Lobster DAO Collaboration Proposal

Lobster DAO Collaboration Proposal

CIA Officer
Source - lobsters.substack.com/p/lobsterdao-nft-3-propuesta-publica

What is Lobster DAO?

LobsterDAO is first and foremost a crypto community for technical and economic research and discussion, with a strong focus on DeFi. 

It is renowned for having extremely high signal: noise discussions and also the place that you will find the largest collection of founders, builders and influential DeFi heavyweights. It’s very likely that the creators of your favorite protocols are part of the Lobster community.

The origination was in the summer of 2018 during the heights of a two year bear market – via our main Telegram channel. The meme Lobster name comes from the Curve deployment during the DeFi summer of 2020 which you can read more about here as well as find pre-discussions here and here. Despite stricter than usual moderation to keep the signal high – the chat is open, friendly and always happy to discuss or help with technical questions.

Importantly, there is no direct marketing or any monetary involvement and we value being transparent with our audience. Our ethos is to remain impartial and focus on knowledge sharing while we, the admins, do our part to add value every day and we’re not going to stop.

Lobster DAO NFT

There are two very significant moments that stand out above others within the community. The first – when a member deployed open source code from the public domain and launched the Curve token contract into mainnet, meaning Curve.fi’s CRV token was born in Lobster DAO.

The second was when LobsterDAO created a commemorative art NFT drop to honor those that participated, contributed and were ultimately responsible for creating such a valuable community over the many years. The collection contains 6751 pieces and was created by Klibansky, a famous contemporary artist. These NFT’s are available to purchase on the secondary market and predominantly purchased by people with the most faith in the continued success of the community, including the aforementioned founders. 

As such, the current list of LobsterDAO NFT holders is a very strong proxy for a pool of the most intelligent, well-known, value-generating and well-funded individuals in all of DeFi each with deep crypto knowledge. To capture the attention of these developers, founders and DeFi power users – we propose that projects incentivize these individuals. To get friendly eyes on a project, we believe its better to engage with the community through a channel that participants trust and are well-disposed to.

What can Lobster DAO offer..?

We propose hosting an introductory event in a Telegram or Twitter  audio chat, where known members of the community would host the project's representatives in a friendly conversation about the project, its plans and its value proposition.

The event would be widely advertised among the related communities in advance, providing outreach without damaging the team's reputation through random shilling. After the project is initially introduced, if it engages with the community, there would be further interest and questions from the community members. We can offer hosting periodic Q&As among community members to maintain interest and engagement.

A number of experienced DeFi users would be asked to participate in the beta testing of the protocol, including:

  • Testing of UI for usability and bugs;
  • Testing of typical smart contract interactions, reporting the problems. E.g. lock tokens into the contract, give a loan, take a loan, etc.
  • Covering wider and more realistic use cases than what an internal QA team could do.

In our vision, holders of at least 1 LOBS NFT are provided with beta access. A document is drafted where the desired outcome of their testing is described, e.g. bug reports and complaints in a certain place in a certain format. Holders are given the document and asked to chip in and report problems. 

After beta testing is done, if the project is found to be working and useful, there is a big probability that members of the community would further engage with the released product.  Among community participants, there is a substantial number of well-funded individuals and teams, capable developers, experienced DeFi users and various other kinds of specialists. Some things such participation is expected (but not guaranteed) to bring:

  • Increased TVL;
  • Worth-of-mouth marketing;
  • Detailed public reviews of the product;
  • Software infrastructure around the product, e.g. running liquidation bots, nodes, creating API clients and so on.

…And what does it want in return?

If the first two stages go well, the LobsterDAO community is ready to offer cross-promotion opportunities. E.g. its beta testers can compile a list of testing results. Its writers can compile them into periodic blog posts which will report on the progress of the project. These reports would be circulated among the 15,000+ members of LobsterDAO-related communities. The community would appreciate any friendly mentions of it by the project on their social media. 

The proposals outlined above would create a flow of curious DeFi participants into the project’s Discord, etc, thus enriching the community of the project itself. Lobster DAO would appreciate mentions of it in the project’s community channel as its partner.

LobsterDAO does not necessarily expect an airdrop from every partnership, the community is very open to all forms of incentives however they might be structured - the key is that any incentives provided as part of a partnership should aim to generate excitement and momentum for the partner project. The initial list of the distribution very strongly represents active and knowledgeable users, fully anonymized.

As such, that list is quite valuable as a snapshot of DeF-native users who are active. Perhaps, cool teams like DegenScore can implement this as an extra gateway of powerful users, or other teams can decide to use this list for retroactive protocol airdrops.

Is it better to use NFT list or initial list? It makes more sense to use an NFT holder list at the time when you are using this idea because (i) some members became active post-distribution (ii) there could be future distributions. Therefore, using initial list-only is not going to cover all current-active members, many of whom you might not want to leave out - see an example.

Projects that have already collaborated with Lobster DAO:

How can I suggest a collaboration with my project and Lobster DAO?

To offer your project for cooperation - contact one of the administrators of the Lobsters chats. Then, you'll want to compose a proposal document (the administrator will show you examples) which will later be posted on Governance Step 1, which in the Lobster DAO is a GitHub issue with a full description of the proposal.

| Governance Discussions (step 1): github.com/lobster-dao/overview/issues 

Then post a link to your suggestion in the collection chat and ask the community for comments. This process usually takes up to two-three weeks on average and you will be in touch with a DAO representative during the process. Once the discussion has passed and it is clear that the community is in favor of the collaboration, we can begin to implement it. All ambiguous points will be resolved during the second step which is a snapshot voting.

| Governance Voting (step 2): snapshot.org/#/10b57e6da0.eth

To avoid possible confusion, let's talk in more detail about how voting works. Snapshot page can be used together with multisig in order to decide what to do with NFTs or any other assets in the multisig. The collection or the NFTs have no governance over chats, rules, or anything else related to people. 1 LOBS NFT = 1 vote. Currently, 3 NFTs minimum threshold to create a proposal. This can be changed later. The process is as follows: create an ISSUE to discuss something and then make a snapshot proposal after some time of discussions taking place.

If you have any questions left unanswered or faced an issue, please contact a member of the Lobster Kingdom chat Admin team - we're looking forward to your messages! 


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