[Reposting our earlier proposal here, as it’s more relevant!]
Protein is looking to build a web3 version of BCorp/MSCI to make it easier for ImpactDAOs to access funding, investment and other novel mechanisms to boost their impact. There is a need for impact investors and philanthropists to be able to synthesize due diligence, using the tools of web3 to escape the siloed and proprietary approach of legacy ESG initiatives.
A token curated registry (TCR) of ImpactDAOs with their validated impact / traction scores would create a key ingredient in a composable ecosystem to improve the collective impact of the web3 world.
Such registry is basically a curated list of impact DAOs, which enables discovery of impactDAOs for potential contributors, investors, funders. Each ImpactDAO receives an on-chain score from a validator, allowing for investment vehicles and other token mechanics / governance to be built on top. For example a tracker fund could invest in the 10 highest impact across all projects, or the 10 highest impact in solving the food crisis, or buy a crypto ETF based on the tokens of top DAOs across specific areas of impact (for retail investors). Alternatively, an active donor fund could use this list to adjust its recurring / streaming donation. Conversely, a certain score could be used for gating access to the list, e.g. on the Regen Stack for web3 orgs that want to address their impacts but are outside of their expertise: highly rated forestry might be recommended for offsetting, highly rated design for reuse featured for laptops equipment, etc.
The impact rating can be kept honest due to 1) crypto economic incentives for evaluation / challenging scores and adding / removing DAOs from the registry, 2) robust governance system that would ensure legitimacy of the process.
This grant would allow us to reach the goals of Stage 1:
- Develop the scoring mechanism v1 - impact values that validators would be attesting to. These could range from internal policies and processes through to verifiable impacts.
- Design the incentive structure v1 required to ensure all eligible ImpactDAOs are scored and that their scores are an accurate reflection (this would include arbitration mechanisms).
- Validate the demand from potential investors (consumers of the curated list)
What we need
- 35,000 USDC
- Support from RatingsDAO / access to talent from ICC/Gitcoin network (e.g. for game theory and token engineering)
Once Stage 1 is completed, we’ll look for additional support to:
- Prototype the investable TCR
- Build frontend for ease of navigation
- Train validators / evaluation agents to use our scoring mechanism
- Kickstart the ecosystem for decentralized validation of ImpactDAOs, incl. supplying it with the necessary liquidity
Who we are
Protein Community is a community DAO, building out the Good Growth standard and cultural / regenerative accelerator. We’ve just released our pilot cohort, supporting and funding projects that ‘bring under-represented communities into the new economy’. We are currently evaluating our approach before our next “recelerator” which focuses on supporting projects and their regen stack.
You can learn more about us on Twitter @protein