Permanent location of biz models - https://bitly.com/web3businessmodels
Kevin - excited by PoolTogether
Uses compound to generate interest
12% on Compound
PT - makes 10%
Lots of questions on money to be made
Compound is killing it
Good model for DEX traders no fees — having fees from holding Ether
If deposits are highly fluid
Require of DEX might require deposit first before using in order to make money
Would users be OK with this?
cDAI or rDAI — stake who the interest goes to — eg fund a charity
Kevin: interest works with staking / deposits
Makoto: ETH NYC staking $30 worth of ETH
Needs to be DAI
Calculated that $18,000 — $45 of interest
More ETH in a contract is a security risk
About 10% of people never get their Kickback returned
Could I have Kickback memberships which are perma-staked
Megan: DAO like a Foundation endowment — enDAOment
Lili: kind of fun - evolve into something that isn’t luck
Build business model on top of opportunity cost — pyramid scheme
Idea: DAO with a stated mission — interest is used to fund grants etc - reputation
Reputation in DAOstack
Sebastien: Pay for a service, privacy preserving — need someone to pay for gas
Even 10% might be enough to fund things
Marketplace - ownerships / inventory take a cut
Micro transactions — one way gas fee
Paying with compute — eg PoW
Data as Labour
Megan: how is NFT a business model?
Kevin: explains Gitcoin kudos
Artists makes $1 per mint
Boris / Megan: this is more like a marketplace model
Makato: secondary market is where lots of money is made ENS
Hadrien: with everything open source — what is the defensibility
Subscriptions: what is the current state of this?
Kevin: 1337 submitted — subscriptions using meta-transactions. Has a reference client.
Use it for Gitcoin Grants. Live and in production.
Next step: registry of people using subscriptions
Megan: Tried to integrate subscriptions into Veriledger, weren’t able to.
Idea - industry for profit closed source companies — percentage of revenue to open source projects.
Discourse blog post on how they give back to open source that they use: https://blog.discourse.org/2017/12/discourse-gives-back-2017/
Jamie: something like a patent
Where software is built, and it’s not open source, until the team is paid
Sounds like DRM that people also hate
Lili: will make an iteration slower?
Guy: Sounds like an ICO or a promise?
Boris: Hapi license for access to new versions https://hueniverse.com/on-hapi-licensing-a-preview-f982662ee898
Guy: what if Devs don’t open source?
Jamie: reputation or legal contract. Maybe slashing.
Noah: pay or contribute
Recommendations / curating — can you get paid by curating, affiliates
Boris: we’re back to shareware!
Bonding curves: Influencers in this generation. Every influencer can have tokens. Can unlock exclusive content.
Megan: Fairmint — (can’t find link?)
Kevin: Commons Stack —
Makato: Nexus Mutual — insurance — needed as part of their model.
Kevin: bonding curves for Kickback
Boris - Scalpback: primary - I hate Kickback — I’m an event organizer, I need money to pay for events
Kevin: frontier, not extractive, projects like compound — accelerate the development of new models
What is the list of funding sources?
_Probably shouldn’t live here, Boris started a page on the Ethereum Wiki _
ECF - don’t have money AFAIK
Dominance assurance contracts
Funding public goods - no one wants to be the only one funding something
When I cross the line — I get my money back
1559 - 150K cost to implement
Working Group - Rick Dudley
Annet: Filter for appropriate Grants
Kevin: was the grant used?
Who decides: daostack — transparent