The weekly SourceCred payouts are here! A hosted instance of SourceCred running on the Maker forum can be found here.
For details on opting in, see Opting in to Sourcecred/Wth is SourceCred?.
In this distribution, SourceCred funding has officially transitioned to the new tithing model. Previously, SourceCred (the project), was receiving a 5,000 DAI/month dev grant from the Foundation for support and new feature development. With the sunsetting of this program in March as part of the DAO’s decentralization, the GovAlpha Core Unit (CU) has taken over paying for SourceCred. As part of this transition, SourceCred proposed (and GovAlpha agreed to) switching from the flat 5,000 DAI/month amount to SourceCred’s preferred tithing model (used by SoureCred’s other partner communities), whereby SourceCred receives 5% of the total Cred generated while the tithe is active.
In addition, I (@s_ben) will be paid 2,000 DAI/month to continue providing priority support for Maker’s instance, as well as opting myself into payouts, as is standard practice in SourceCred’s other partner communities. At current distribution levels (~20k DAI/mo), this means Maker will be paying roughly ~2,500 DAI less per month than under the previous arrangement. If distribution were doubled, as proposed in a recent informal poll (worth a read!), from 20k to ~40k DAI/month, SourceCred’s tithe would equal ~2k DAI/mo, and total costs would likely be around 4.5-5k DAI/mo. We believe this aligns incentives well, as increased payouts increases the risk of gaming and other support costs. However, this is open to renegotiation as we forge into new territory. On a personal note, I requested to be opted into payouts so I would be incentivized to contribute here more. I’d like to post more on issues related to SourceCred, as well as decentralized governance, etc., and opting in alleviates the opportunity costs.
WARNING: Cred scores and payouts may see volatility in the coming weeks and months as we tweak the algorithm and payout parameters. We still have a lot of work to do before the system is optimized enough to “ossify”, producing predictable payouts. Hint: it may be changing soon;)
This week $5,000 worth of DAI was distributed to 91 contributors. Navigate to the DAI Accounts tab of the Maker instance to see your current DAI balance and total DAI earned.
Below is a chart showing total Cred created (a proxy for work). After ranging in the ~3,500 Cred/week range for the last couple months, it appears the uptrend has continued .
Below are the top 10 posts created last week, ranked by Cred generated.
Below are the top 10 contributors last week, ranked by Cred generated.
If you have any questions or concerns about the scores, data or presentation thereof, please don’t hesitate to ask!