Proposal summary:

This proposal aims to launch the first incentive epoch for the Realtoken DAO, with a 6-week lock, a 5-day subscription period, and a budget of 1000 USDC per week, totaling 6000 USDC in bonuses. The objective is to stimulate member engagement and test the incentive concept.

Motivation:

The activation of this first incentive epoch aims to:

1. Encourage active participation of DAO members
2. Increase engagement and loyalty of token holders
3. Strengthen the stability and growth of the Realtoken ecosystem
4. Test and demonstrate the incentive concept for future epochs

Specifications:

• Platform: Realtoken DAO incentive vault contract
• Epoch duration: 6 weeks
• Subscription period: 5 days
• Total budget: 6000 USDC (1000 USDC per week)
• Eligible tokens: Circulating REG (763,400 tokens)

Context:

1. Current distribution of REG tokens:
   • Polygon: 205.1 tokens
   • Ethereum: 1 token
   • Gnosis: 19,561,293.99 tokens
2. Detailed breakdown:
   • Marketing budget: 17,499,500 tokens (not in circulation)
   • GENESIS airdrop vault: 1,298,600 tokens (unclaimed, will return to the DAO treasury)
   • Tokens in circulation: 763,400 tokens
3. Annualized yield calculation:
   • Total tokens in circulation: 763,400
   • Total incentive budget: 6,000 USDC for 6 weeks
   • Yield for 6 weeks: 0.007859576 USDC per token
   • Annualized yield: 0.068116322 USDC per token per year
   • Annualized percentage: 6.487268762%
   • REG value used for calculation: $1.05/REG

Calculation details:

6,000 USDC / 763,400 tokens = 0.007859576 USDC per token for 6 weeks 0.007859576 USDC * (52 weeks / 6 weeks) = 0.068116322 USDC per token per year As a percentage: 100/1.05 * 0.068116322 = 6.487268762% per year Note: The annualized yield of 6.487268762% is calculated assuming all tokens in circulation are deposited in the incentive vault and there is a 100% participation rate in the period's votes.

Implementation Steps:

• Transfer funds from RMMv3 treasury contract to DAO Treasury (!!! 20% payment to AAVE DAO)
• DAO vote on this onChain proposal

Team:

The Realtoken DAO technical team will be responsible for implementing and monitoring this incentive epoch.

Budget:

6000 USDC, sourced from the DAO treasury

Financial implications:

• Direct cost: 6000 USDC
• Potential annualized yield for participants: 6.487268762%

Roadmap:

1. Community vote (7 days)
2. Queue period (2 days)
3. Activation of subscription period (5 days)
4. Locking of deposited REG (6 weeks)
5. Distribution of bonuses and possibility to withdraw REG

Timeline:

• Day 1-7: Community vote
• Day 8-9: Queue period
• Day 10-14: Subscription period
• Day 15 - Week 6: Lock period
• End of week 6: Bonus distribution and possibility of withdrawal

Objectives:

• Encourage active participation of DAO members
• Increase engagement and loyalty of REG holders (REG accumulation)
• Increase the attractiveness of the DAO
• Test and demonstrate the incentive concept for future epochs
• Collect feedback to optimize future epochs

Success metrics:

1. Vote participation rate
2. Percentage of circulating tokens deposited in the vault
3. Participation rate in votes during the epoch
4. Community feedback on the process

Alignment with mission:

This proposal aligns with the Realtoken DAO's mission by encouraging active member participation and strengthening the ecosystem of real estate asset tokenization.

Key terms:

• Incentive epoch: Defined period during which rewards are distributed to active participants
• Vault: Smart contract where tokens are deposited and locked
• REG: Governance token of the Realtoken DAO

This proposal aims to launch the first incentive epoch of the Realtoken DAO, serving as a test and demonstration for future epochs. The results and feedback from this first epoch will be crucial for adjusting and improving future DAO incentive strategies.

Proposal on the governance forum