Abstract

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Motivation

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Specification

The key words “MUST”, “MUST NOT”, “REQUIRED”, “SHALL”, “SHALL NOT”, “SHOULD”, “SHOULD NOT”, “RECOMMENDED”, “MAY”, and “OPTIONAL” in this document are to be interpreted as described in RFC 2119. TODO Remove

Definitions

Bounty Proposal

A high-level bounty idea that requires more work before it can be adopted by the GMC and made available to bounty hunters. The goal of the bounty proposal is to convince the GMC that this idea is worth the time and effort to adminster. Requirements for proposals are comparitively easy to meet, in order to encourage the community to submit their ideas. Bounty proposals are the 'quick and dirty' path for community members to suggest a bounty idea to the GMC.

Bounty Definition

A detailed and well defined bounty specification that can be adopted by the GMC and made available to bounty hunters. The goal of the bounty definition is to ensure that present the bounty deliverables to bounty hunters in a way that results in accurate, effective output taking place under terms fully understood by both parties. Bounty definitions may be delivered by community members alongside their bounty proposal or may be created by the GMC. Bounty definitions are the 'tick all the boxes' path for community members to get their bounty adopted by the GMC.

Bounty Hunter

A person or group that works to deliver the work specified by a well defined bounty.

Bounty Contact

An individual that has expressed willingness to act as a point of contact with bounty hunters for a given bounty. This may be the bounty proposal author, a member of the GMC, or another Rocket Pool community member. The goal of the bounty contacts is to support and liase with bounty hunters so that they are better able to deliver the work specified in the bounty definition. Bounty contacts are listed in bounty definitions.

Bounty Lifecycle

Statuses

Draft - Proposed - The bounty has been described and proposed to the GMC for adoption. The bounty is not yet eligible for adoption.
Draft - Defined - The bounty has been well defined and made ready for completion by a bounty hunter with the relevant skillsets if adopted by the GMC. The bounty is now eligible for adoption.
Draft - Rejected - The bounty has been rejected by the GMC at this time. The bounty is not eligible for completion.
Open - The bounty has been adopted by the GMC for completion and listed on relevant frontends. The bounty is now eligible for completion.
Closed - Completed - The bounty has been fully completed and paid out by the GMC. The bounty is no longer eligible for completion.
Closed - Expired - The bounty has met its expiration date. The bounty is no longer eligible for completion.
Closed - Withdrawn - The bounty has been withdrawn by the GMC. The bounty is no longer eligible for completion.

Bounty Incentive Levers

Bounty Incentive Levers are OPTIONAL incentives that the pDAO empowers the GMC to use to incentivise the generation and successful completion of bounty proposals.

Lever Incentives

• The incentive attached to each lever MAY be set by the GMC.
• Levers MAY have an absolute (fixed amount) component and/or a relative (percentage of total bounty payout) component.
• The payout of incentives for a given bounty MUST NOT reduce the bounty completion payout.
• When incentive levers are modified by the GMC, incentives SHOULD be paid out in such a way that ambiguity favours incentive recipients.
• The total cost of lever incentives is not fixed. The GMC SHOULD set lever incentives with caution when funds are limited.

Payout

• Bounty incentives SHOULD be paid out of the GMC budget.
• Incentive payouts SHOULD take place within the GMC's regular payout schedule.
• Incentive payouts MUST be denominated in dollars, and MUST be paid out in one of the GMC's accepted payout token options selected by the recipient.

Lever A: Proposal Incentive

The proposal incentive lever aims to influence the number of bounty proposals that are recieved by the GMC.

• This incentive MUST be paid to the proposal author for a bounty proposal that is adopted by the GMC.
• Individual incentive payouts for this lever MAY be reduced at the GMC's discretion based on proposal quality and completeness.
• Bounty definitions do not need to be included for a proposer to recieve this incentive.

Lever B: Definition Incentive

The definition incentive lever aims to influence the quality and completeness of bounty definitions accompanying bounty proposals.

• This incentive MUST be paid to the definiton author for bounty definitions provided alongside a bounty proposal that is adopted by the GMC.
• This incentive payout SHOULD be paid a maximum once per proposal, even if the bounty proposal is split into multiple definitions.
• Individual incentive payouts for this lever MAY be reduced at the GMC's discretion based on definition quality and completeness.
• This incentive SHOULD go to the proposal author unless an alternative is explicitly preapproved by the GMC adminitrator.

Lever C: Completion Incentive

The completion incentive lever aims to influence the quality and consistency of bounty work submitted by bounty hunters. It aims to do this by rewarding contacts that support, oversee and assist bounty hunters meet the requirements of open bounties.

• This incentive SHOULD be split equally between bounty contacts that meet the following conditions:
  1. The bounty MUST be completed to the satisfaction of the GMC.
  2. The contact MUST be publicly listed in the bounty definition of the completed bounty.
  3. The contact MUST NOT be affiliated with the completing bounty hunter.
  4. The bounty hunter does not comment negatively on the contact when asked by the GMC.
• Contacts SHOULD NOT assist the bounty hunter directly with the bounty work.
• Contacts SHOULD assist bounty hunters via feedback, direction and oversight upon request.
• Individual incentive payouts for this lever MAY be reduced at the GMC's discretion for any reason. Reasoning must be publicly stated by the GMC.

Initial Lever Recommendations

These are non-binding recommendations to the GMC for initial incentive lever settings. They are included as a starting point for discussions, and are not intended to limit GMC decision-making on the issue.

• For the first few months, levers SHOULD be set to higher levels, with the goal of reaching a meaningful number of open bounties.
• Lever A and B SHOULD NOT be zero unless unallocated GMC funds are low.
• Lever B SHOULD be higher than Lever A, in order to incentivize well defined bounty generation.
• Lever B SHOULD have a relative component, as higher-value bounties should be expected to have longer, more strict, and less ambiguous definitions.
• Lever C SHOULD be a focus for experimentation. It is difficult to know how useful or effective it will be without empirical testing.
• Relative values SHOULD be less than 10% of the total bounty value under normal circumstances.

Templates and Guidelines

Initial guidelines and templates have been provided to the GMC where not already present. The GMC will maintain these and ensure they are accessible to the community.

Links to the relevant documents are provided here for reference. These documents are not considered to be ratified by the pDAO, and can be modified by the GMC as required.

• Bounty Proposal Template + Guidelines (TODO ADD LINK)
• Bounty Definition Template + Guidelines (TODO ADD LINK)

Rationale

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Backwards Compatibility

Existing bounties have been given rough definitions already. Upon ratification of this RPIP, these rough definitions will be firmed up and their contents approved by the GMC.

Copyright

Copyright and related rights waived via CC0.

Citation

LongForWisdom, "RPIP-: Bounty Standards [DRAFT]," Rocket Pool Improvement Proposals, no. , January 2024. [Online serial]. Available: https://rpips.rocketpool.net/RPIPs/rpip-.