Commons Stack
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Request funding app

User Stories / Fund Requester (Farmer)

Sign in or create a Ethereum account on Metamask/Frame/Mobile

… this should be glossed over in the narrative... but its needed by every user in the system

Use Giveth to Request Donations

  • Create a Campaign on Giveth (Done)
    • Pic
    • Title, description (e.g. Plant trees in Indonesia)
    • Reviewer
    • Sign a transaction submitting the Campaign data to IPFS and putting the Hashes on chain
    • The signer of this tx is the Campaign Manager
    • The Campaign can receive crypto donations from any person, DAO, Commons, etc
  • Create Milestone on Giveth (Done)
    • Pic
    • Title, description (e.g. Plant 10 Oaks by 01.06.19)
    • Amount requested (Fixed amount, e.g. 150 xDAI)
    • Reviewer
    • Sign a transaction submitting the Milestone data to IPFS and putting the Hashes on chain
    • If the Milestone was created by the Campaign manager, it shows up right away
    • If the Milestone came from the community, it must be approved by the Campaign Manager
    • The Milestone can receive crypto donations from any person, DAO, Commons, etc

Nominate Milestone for Funding by the Commons

  • Choose a Giveth Milestone to Nominate and copy the URL
    • Note: The milestone must be raising funds in xDAI and have a cap
  • Go to the conviction voting interface and click the Nominate button
  • Paste the URL into the input box, and make a comment if you want
  • X number of tokens are required to stake behind a milestone to nominate it
  • As long as at least that number of tokens is staked by the nominator or someone else, the milestone will remain visible, other wise it will be removed
  • The total amount of xDAI requested by the milestone and the amount of xDAI that the allocated conviction power represents is displayed to the Commons (by team 2)
  • If somebody donates to the Milestone directly, the total amount of xDAI requested from the Commons is reduced

Track progress of a Milestone (not done yet)

  • Have a Giveth profile
  • Go to the Milestone's URL in Giveth
  • Request to follow the Milestone
  • Get email notification when my Milestone got funded
  • See funds before the transfer
    • 50 xDAI from external donors
    • 100 xDAI from the Commons (tho this will turn into tokens)

Redeem funds after approval

  • If it triggers I get 50 xDAI and some # of Commons token (the equivalent of 100 xDAI)
  • The user gets directed to Team 1 UI for bonding curve, so he can burn tokens for xDAI.
  • If the user chooses to burn their tokens, they would get 98 xDAI and 2 xDAI would go to the Commons to be donated to other causes.
  • The only way xDAI exits the system is through the token bonding curve (Team 1)
Last modified 1mo ago