Experiment Three: Conviction Voting & Grants Eligibility

Overview
This experiment proposes a framework to accelerate early-stage DeSci projects, which are often the most promising but also the riskiest.

Core Principles
1. Convertible Grants: Projects receiving grants pledge to replenish the treasury upon reaching maturity
2. Decentralized Eligibility: Through conviction voting
3. Continuous Distribution: Continuous grant distribution through Streaming QF

Token Economics: $MEGAPI

Initial Distribution
- Total Supply: 31,415,926,536 $MEGAPI (π × 10^6)
- Distribution Breakdown:
- 20% (6.28B $MEGAPI) → Liquidity Pool with ~0.15 ETH from current treasury
- 20% → StreamingQF distribution on course of 3 months
- 10% → Early builder subsidies
- 50% → Treasury reserve for future distribution

Community Participation

To nominate a project for grants via Gardens, a citizen must:

- Entry Requirement: 10,000 $MEGAPI stake + 1,000 $MEGAPI treasury contribution

- Target: 50 initial members
- Expected Total Stake: 500,000 $MEGAPI
- Treasury Contribution: 50,000 $MEGAPI

Treasury Sustainability
Projects receiving grants commit to treasury replenishment through:
- Direct treasury donations
- Adding liquidity pairs
- Other community-approved methods

Implementation Process

1. Citizenship Acquisition
- Stake 10,000 $MEGAPI
- Contribute 1,000 $MEGAPI to treasury

2. Project Creation
- Citizens can propose new projects
- Projects must reach %ELIGIBILITY_THRESHOLD for grant consideration

3. Grant Distribution
- Activation requires %MIN_PROJECTS (e.g., 5) reaching %ELIGIBILITY_THRESHOLD
- Distribution methods:
- Primary: StreamingQF
- Alternative: Gardens voting system with QF integration

4. Treasury Allocation
- Dedicated portions for:
- Project grants
- Marketing initiatives
- Community development
- Operational expenses

Background

- Gardens Popup Commons Experiment

Links
More on on GITHUB

SpaceCoin launched their first Crypto Satellite to Space!


https://cointelegraph.com/news/spacecoin-xyz-launches-first-satellite-in-outer-space-blockchain-network

1Hive runs an interesting experiment with Conviction Voting on Gardens:
- there's a treasury allocation Pool
- multisig election
- citizen's registry
- expense reimbursement funding pool

We have to decide on these parameters for eligibility signaling pool:

- voting weight system
- pool voting protection (if needed)
- arbitration settings
- conviction growth rate

Check here:
https://app.gardens.fund/gardens/100/0x71850b7e9ee3f13ab46d67167341e4bdc905eef9/0xe2396fe2169ca026962971d3b2e373ba925b6257

As always - any suggestions and feedback are much appreciated

PS Get ready for the experiment 3! It'll start soon!

Gm gm!

The guys from https://ipmf.ai are looking for serious space projects to support the launch of tokens on Solana 


A couple of days ago they e supported the launch of

Happy to introduce if anyone is interested

https://www.daos.fun/G9d1PgcUULzaoRKpWkJEjJEs5way8YNu8zaaVuBkn86V

Please a few more votes!

Choose your preferred chain!

https://news.1rj.ru/str/hyperdesci/195

1. Current treasury $0.015 ETH

2. We issues pi*10^6 $MEGAPI SuperchainERC20 on Optimism

3. 1k $MEGAPI = 0.015 $ETH

4. Governance via gardens, to join - stake 1k $MEGAPI + 100 $MEGAPI to treasury

5. First 10 participants can buy directly with a bonus of 10% $MEGAPI - cover the commission to join community

6. Then we decide how to distribute treasury in the most impact full, continues, and sustainable way (conviction voting for eligibility + streaming qf + bonuses, etc)


Any suggestions are much welcomed!

Also plz DM if you want to be get $MEGAPI in the first batch (min 0.015 ETH)

If you want get $MEGAPI at prelaunch dm to WL wallet address + planned contribution (min 0.015 $ETH)

Limited spots, first come first served

Fyi Draft WP for $MEGAPI is on GitHub :D

Waiting for feedback, posting it here tomorrow

Always DeSpace :D

Wen Moon? In 20 mins launch!

https://www.youtube.com/live/GLdH5OV7sLU?si=E1p0m8kl4AyRgq8E

Musk is looking for the best coders to create AGI (he call it everythingapp :D)

If you want to apply drop a message to: code@x.com

He'll get tons of applications, maybe we could onboard them into DeSpace?

Dropped them a message, proposing a collab :D

Things takes a bit more time, but we are getting closer to the launch:

1.Many experienced in web3/grants persons taken a look and didn't found any obvious flaws

2. Next Tuesday I'll be presenting it IRl, recording a video, explaining nuances

3. Enough people interested in the experiment to start it, multisigsigners and participants in governance



If you have questions feel free to dm me @ionrod

We need Base, as most of the desci people says DeSci is on Base.

Please vote for Base in Gardens poll on X to get it ASAP

https://x.com/gardens_fund/status/1880330476180894009

Interesting report about space investment activities

https://spaceambition.substack.com/p/market-overview-spacetech-deals-we-494

Will make tldr

Here is a presentation about CCGF/$MEGAPI

/Took around 1.5 hours to make with Cursor o_O


https://www.canva.com/design/DAGc0HNosGE/4ZPFzMLBtwHsd-m6L3sQQg/view

If you have a Giveth NFT plz nominate HyperDeSci

https://x.com/Giveth/status/1879577726295974212

Gm gm!

If you coming to EthDenver and want to meet with DeSpace folks - let me know @ionrod

Giveth QF round is LIVE!!!

Show some love to public goods, your $10 (a cup of coffee in a fancy place) to 10 projects will MAKE HUGE impact!

https://giveth.io/qf/all