e2| Kc2/YZEelW^g.k bz#8P-n N lB)$h<z&8nKIa>|"pjI @ ` H7Y HCy |% X+ -fSM<!gQ\dAO |% X+ -fSM<!gQ\dAO |% X+ -fSM<!gQ\dAO |% X+ -fSM<!gQ\dAO @ ` D) ; r hr |6L\C%06^o" pd]Y D) ; "#K; ]kY5JlwSwb^G_D -xkE,b D) ; !*^ BrU7?LWJK pd]Y D) ; "#K; ]kY5JlwSwb^G_D -xkE,b !# RRC-36 Rumble.exchange - DAO Support Proposal
## **Abstract**
Rumble.exchange, the first meme coin-focused DeFi platform on Rari Chain, is seeking 10,000 $RARI tokens to scale its platform. The funding will be milestone-based, supporting development, infrastructure, and marketing initiatives aimed at driving adoption, community engagement, and ecosystem growth.
***
## **Motivation**
The Rari Chain ecosystem can benefit from the rising popularity of meme coin markets, which are proven drivers of community growth and user engagement. As the first meme coin-focused Launchpad on Rari Chain, Rumble.exchange creates a unique opportunity to establish a thriving niche and attract new users to the ecosystem.
***
## **Rationale**
Supporting Rumble.exchange aligns with the Rari Foundation's mission to foster decentralized innovation and community-led growth. By providing a platform for meme coin trading and NFT integration, Rumble.exchange increases the utility of $RARI while introducing novel use cases and strengthening ecosystem diversity.
***
## **Key Terms (optional)**
* **Bonding Curve Mechanics**: A pricing mechanism where token prices dynamically adjust based on supply and demand.
* **Launchpad/Dex**: Decentralized Launchpad/Exchange enabling peer-to-peer trading without intermediaries.
***
***
## **Timeline**
Implementation of proposed initiatives will begin immediately upon proposal approval, with first progress report delivered within 30 days.
***
## **Specifications**
**Platform Features**
* Standalone Launchpad utilizing bonding curve mechanics for meme coin trading.
* Integration of NFT functionality for launching and trading meme NFTs.
* User-friendly front-end optimized for seamless trading experiences.
**Technical Infrastructure**
* Scalable back-end architecture with enhanced security and server management.
**Marketing and Community Initiatives**
* Twitter giveaways, trading competitions, and AMAs to grow the user base.
* Educational content, video tutorials, and platform documentation.
* Organic growth strategy focused on attracting genuine users and avoiding short-term reward farming.
***
## **Steps to Implement**
To ensure transparency and accountability, Rumble.exchange will provide:
* Monthly progress reports on development, infrastructure, and marketing.
* Transparent updates on fund utilization and milestone achievements.
* Community AMAs to discuss progress, address feedback, and align on goals.
**Phase 1: Initial Development and Launch (5,000 $RARI - 50%)**
* Enhance trading features, improve UI/UX, and integrate meme NFT functionality.
* Cover infrastructure costs (server and maintenance).
* Launch marketing campaigns, including community engagement events.
**Phase 2: 3-Month Milestone (2,500 $RARI - 25%)**
* Release new features based on user feedback and KPIs.
* Expand marketing initiatives and user acquisition efforts.
* KPIs: 50+ Daily Active Users, $30,000 Monthly Trading Volume, and 2,500+ social media followers.
**Phase 3: 6-Month Milestone (2,500 $RARI - 25%)**
* Scale platform operations, security enhancements, and infrastructure upgrades.
* Host competitions and community-driven events to drive continued growth.
* KPIs: 100+ Daily Active Users, $50,000 Monthly Trading Volume, and 5,000+ social media followers.
***
## **Timeline**
* **Phase 1:** Start immediately upon approval (1 month).
* **Phase 2:** Complete 3-month KPIs and milestone report.
* **Phase 3:** Complete 6-month KPIs and final milestone report.
***
## **Overall Cost**
Total Requested: **10,000 $RARI**
* Phase 1: 5,000 $RARI (50% upfront)
* Phase 2: 2,500 $RARI (25% at 3-month milestone)
* Phase 3: 2,500 $RARI (25% at 6-month milestone)
***
## **Multi-sig policies**
* Assuming a 3-member squad, the multi-sig will be structured as 2 out of 3:
**(Forexus, Firefly808, Sidney)**
* Multi-sig address: 0xa110922a5E981e1442f2D519373f94CCd74a4B93
* 50% of the total funding will be allocated upfront to Rumble, while the remaining 50% will be deposited into a multi-signature wallet. Funds in the wallet will only be released upon achieving specified milestones, with approval required from both **Firefly808** and **Forexus**.
hB`<LM8eVK@kj)q^4;Lf N?d WX= R @As members of the Governance Working Group that shaped this CoC, StableLab supports its implementation. This document sets the grounds for a respectful and fair governance ecosystem for Rari.
hB`<LM8eVK@kj)q^4;Lf N?d >?Gx{tt}J/Y%Y+M ` @d+ AqK ` >?Gx{tt}J/Y%Y+M # RRC-35 DAO Code of Conduct
# **Abstract:**
This proposal introduces a Code of Conduct for RARI DAO delegates and community members to ensure a respectful and productive governance environment. It outlines expectations for delegate behavior and engagement policies, enforced by market forces and moderators respectively, and details consequences for violations.
# **Motivation:**
Implementing this Code of Conduct will help establish a respectful and professional environment within the RARI DAO. It ensures that both delegates and community members engage in meaningful and constructive discussions, aligning with the broader mission of decentralization and community-driven governance.
# **Rationale:**
The proposed Code of Conduct aligns with the mission of RARI DAO by promoting transparent, respectful, and informed decision-making. The expectations for delegates encourage professionalism, accountability, and empathy, which reflect the values of a decentralized autonomous organization focused on the collective good. The engagement policies aim to maintain a healthy community discourse, contributing to the long-term sustainability of the DAO.
# **Key Terms:**
* **Delegation market:**B A system where token holders delegate their voting power to trusted individuals, who act as their representatives within the DAO.
* **Conflicts of interest:**B Situations where personal interests may compromise the impartiality of a delegateb s decisions.
# **Specifications:**
The Code of Conduct consists of two facets and will be enforced by their own mechanisms:
### **Delegate Expectations (Enforced by the delegation market)**
These are b shouldb statements which are enforceable by the delegation free market but not directly by any elected or unelected committee. All delegates should abide by these expectations. If a delegate does not abide by these expectations, their delegators should consider re-delegating to a delegate who does abide by them.
* Be informed about the broader crypto ecosystem.
* Act and vote based on what they believe best serves the interests of the DAO.
* Review proposals professionally without bias and abstain if unable to do so.
* Provide constructive, well-researched feedback, avoid personal attacks, unsubstantiated claims, and use designated channels for discussions.
* Avoid conflicts of interest wherever possible and reduce the impact of these when itb s not possible to avoid them.
* Disclose potential conflicts of interest whenever possible.
* Do not vote for their own candidacy in an election. In cases such as multiple-choice voting, delegates may vote for themselves as long as they also vote for at least one other candidate.
* Be respectful of diverse options and demonstrate empathy towards other delegates or community members.
### **Policies for Engagement (Enforced by moderators)**
Using the Forum (Discourse), Discord, and Telegram.
* Treat everyone with respect, avoiding discrimination, harassment, and inappropriate language or behavior, especially in tough conversations.
* Contribute meaningfully to discussions by adding value, providing constructive critiques, and offering evidence for claims.
* Encourage respectful discourse and avoid personal attacks in all interactions.
* Uphold civility, common sense, and a positive attitude in all interactions.
* Stay vigilant against scams and phishing attempts. Reporting suspicious activity is encouraged.
To report a Policies of Engagement violation by any user one may flag the violation using tools provided by the platform on which it has occurred. These should be handled by moderators of various platforms in cooperation with the Foundation. If a delegate does not abide by the rules above, they will:
* Receive a warning, in minor cases.
* Receive a suspension for one month in severe cases.
* After that, a delegate may receive a six-month suspension for repeated violations.
* If a delegate continues to violate the above rules they may face permanent suspension from the DAO. Suspensions will apply to participation in community platforms such as the forum (Discourse), Telegram or Discord, not the DAO as a whole.
# Overall Cost:
There are no direct costs associated with the implementation of this proposal
y rl< '6Rbp&,Di K.d6(c x ct]JxK StableLab supports this proposal as it will add cutting-edge innovation to the Rari governance structure, increasing governance participation while incentivizing users to migrate and bridge RARI from the old contract in Ethereum to the new one in Rari Chain. The stRARI liquid token will also allow for composable uses for the token, creating potential synergies with further programs.
y rl< '6Rbp&,Di K.d6(c x lB)$h<z&8nKIa>|"pjI ` ?g @ ` |% X+ -fSM<!gQ\dAO |% X+ -fSM<!gQ\dAO @ ` @ @ D) ; ~`6Ts*>_ zx<P:No\ <OMWd D) ; F{P& U<^#mj p \
&'B=
-E# RRC-34: Enable RARI Staking
## Abstract
RARI governance is undergoing an upgrade via [turning on protocol fees (RRC 28) 4](https://www.tally.xyz/gov/rari-foundation/proposal/64443561092723928501818567121519051108693422626070463342810224372241233243885) and via [the token upgrade (RRC 30) 1](https://www.tally.xyz/gov/rari-foundation/proposal/85102068202527969889208024703113668965813715410446115075088330064807449302588). We believe turning on staking should be a third component of this governance upgrade.
We propose to unlock RARI utility and improve the governance and security of the RARI protocol by implementing RARI staking, without yet turning on fee distribution to token holders. Through RARI staking, token holders who delegate to active governance participants will be able to capture value. The proposal will also implement a liquid staked RARI token (stRARI) on Rari Chain via the [Tally Protocol](https://tally.mirror.xyz/Drw-uvqhUnJLRxg32sV-sqKZ785-AO85FBaCYeXqxhA) that enables any future rewards to auto-compound, is (re)stakeable, and is compatible with DeFi. Separately, we will work with the RARI DAO to decide how to fund rewards and how to split rewards between token holders and delegates.
## Motivation
Motivation to enable staking for RARI DAO is two-fold: (1) improve governance participation and (2) improve security of RARI DAO.
### Enable staking to improve governance participation
RARI token utility is low and as a result, the RARI token is struggling to accrue value.
* Governance power is the only source of fundamental demand for RARI, while there are multiple sources of new supply (unlocks, treasury spending, etc.).
* The ability to restake RARI or use it on DeFi is not compatible with governance. Voting power breaks when RARI is deposited into smart contracts.
Right now, ~12.4% of RARI (that which does not belong to b Holdersb on the below graph) is being used in the onchain ecosystem, meaning it cannot be used in governance. This robs the DAO of voting power that can be used to reach quorum and protect against malicious attacks.
[<img height="314" width="690" alt="Screenshot 2024-09-06 at 5.28.54 PM" src="https://forum.rari.foundation/uploads/default/optimized/1X/6418e51c9ebd0578af4f7f3849220351244a6e0a_2_690x314.png" />Screenshot 2024-09-06 at 5.28.54 PM1412C644 71.1 KB](https://forum.rari.foundation/uploads/default/original/1X/6418e51c9ebd0578af4f7f3849220351244a6e0a.png "Screenshot 2024-09-06 at 5.28.54 PM")
*From* [*CoinMarketCap*](https://coinmarketcap.com/currencies/rarible/#Analytics)
The RARI token is struggling as a governance mechanism. The veRARI token model deterred participation because it adds complexity and commitment, discouraging those who may not want to lock up their tokens. Without staking, the DAO is also disallows RARI token holders that want to use these tokens in DeFi from voting.
With the recent move from veRARI to RARI for governance voting, RARI DAO is looking to incentivise active governance participation. Delegation has tripled since DAO launch in 2020, especially with the help of the [Delegate Launchpad Proposal (RRC 9)](https://www.tally.xyz/gov/rari-foundation/proposal/4998212454959764411677761814601920941258702940035724218302264365950572124990), but more tokens have not been used in voting.
### Enable staking to improve security of RARI DAO
The strongest defense against attacks on a decentralized system is active governance participation and a broad, engaged delegate base. Staking plays a crucial role in achieving this by incentivizing users to commit their tokens and participate in governance. By turning on staking rewards and tying them to active participation in governance (via delegation to oneself or to someone else), the system can foster a more resilient and well-distributed decision-making process, which enhances overall security and stability within the DAO.
The RARI DAO treasury currently holds 4.67 million $RARI (worth over $7.19 million USD) from its initial allocation and will continue to generate revenue through the [new fee structure 4](https://www.tally.xyz/gov/rari-foundation/proposal/64443561092723928501818567121519051108693422626070463342810224372241233243885). The DAO has the flexibility to decide how to use this revenue, with one suggestion being to allocate a portion for staking rewards. Separate from this current proposal, the DAO could consider setting aside a dedicated pool to enhance these rewards and incentivise early participation since staking rewards may be low initially.
As a result, it is becoming economically attractive for a malicious actor to launch a governance attack on the DAO treasury. The potential profit of attacking the DAO treasury is increasing as more RARI accumulates in the treasury, while the cost of attacking the DAO through purchasing RARI for its voting power is not increasing proportionally to defend against attacks. A more developed version of this dynamic exists in the ENS which is actively fighting off governance attacks (documented [here](https://discuss.ens.domains/t/temp-check-enable-cancel-role-on-the-dao/19090/10)) and in Compound, which fell victim to this type of attack recently (documented [here](https://thedefiant.io/news/defi/compound-governance-attack-reveals-inherent-vulnerabilities-of-daos)). Had Compound enabled staking, which could have redistributed voting power to the DAO, it would not have been economically worth attacking the DAO because the increased cost of acquiring enough voting power through staking would have outweighed the potential rewards of the attack. Staking would have created a more robust defense by tying voting power to economic commitment, making it much more expensive and difficult for a malicious actor to gain control over governance decisions.
RARI Staking unlocks utility and aligns governance by creating a mechanism to stream future rewards from DAO-generated sources like protocol fees, token inflation, and treasury diversification to token holders who are delegated to an active governance participant. RARI Staking makes RARI usable in restaking and DeFi by returning voting power locked in contracts to the DAO.
## Specifications and Steps to Implement
### System architecture
RARI Staking enables RARI utility in Rari Chain while allowing the DAO to retain governance power. It includes a few modular components that come together to power the system. 
**RARI Staking via the Tally governance staking system**
* Has the power to distribute fees proportionally to token holders who have delegated voting power to an active governance participant.
**The DAO**
* Has the power to turn on fee distribution and send fees to RARI Staking
* Controls how voting power is distributed to delegates, including delegation strategies for unused voting power
**stRARI (Tally Protocol LST)**
* Auto-compounds potential rewards if they are turned on in the future
* Provides token holders a liquid position
* Returns voting power to the DAO when stRARI is deposited into restaking, DeFi, and centralized exchanges. The RARI DAO exclusively has the ability to determine how this voting power is distributed/redelegated via a governance proposal. The DAO will decide how to set up the initial redelegation logic for stRARI.
[<img height="500" width="521" alt="Screenshot 2024-09-06 at 5.32.51 PM" src="https://forum.rari.foundation/uploads/default/optimized/1X/4a911a145f4836cf1010a3d442b84039e67ff659_2_521x500.png" />Screenshot 2024-09-06 at 5.32.51 PM856C820 64.9 KB](https://forum.rari.foundation/uploads/default/original/1X/4a911a145f4836cf1010a3d442b84039e67ff659.png "Screenshot 2024-09-06 at 5.32.51 PM")
### Implementation details and eligibility for rewards
The Tally governance staking system builds on top of [Unistaker](https://github.com/uniswapfoundation/UniStaker). We will customize Unistaker for RARIb s [governance architecture](https://github.com/ArbitrumFoundation/governance/blob/main/docs/overview.md) and [fee collection mechanism](https://docs.arbitrum.foundation/fee-distribution) in Rari Chain. We will implement RARI Staking in such a way that it can accept arbitrary fee sources as rewards. We will also require that tokens be delegated to an active delegate.
We define an active delegate using Karma Score. The DAO will define the Karma Score requirement for being considered an active delegate. Karma Score is a combination of delegateb s Snapshot voting stats, onchain voting stats and their forum activity. To accurately calculate forum activity score, delegates are required to prove ownership of their forum handle by [signing a message](https://www.karmahq.xyz/dao/link/forum?dao=arbitrum) with their delegate address and posting on the forum. The current Karma score formula is below, which can be adjusted by the DAO going forward:
((100) \* ((Forum Activity Score \* 1) + (Off-chain Votes % \* 3) + (Onchain Votes % \* 5))) / (Sum of Weights times Max Score Setting \* 1)
Karma Score will be included in RARI staking via a smart contract that writes data onchain from the Karma API. We will include several guardrails to ensure that this aspect of the implementation is robust and decentralized:
* Users can verify Karma score calculations independently.
* The DAO will have the ability to block Karma Scores if it believes they are being calculated incorrectly.
* If Karma scores fail to arrive or the scores are blocked by the DAO, RARI Staking will distribute rewards to all stakers regardless of whether they are delegated to an active governance participant until the situation is resolved.
In the future, we believe it would make sense to integrate delegate incentives with RARI staking so that, instead of getting delegate incentive funds from the RARI treasury, they come directly from onchain revenue.
Tally will build RARI staking into our existing [RARI DAO platform](https://www.tally.xyz/gov/rari-foundation), so that users can easily stake and delegate in one place.
## Estimated Timeline
* Post proposal on forum for feedback: early September
* Post onchain proposal on Tally for funding: October
* Begin development: October
* Submit onchain proposal on Tally including full RARI Staking implementation: November
## Cost
Total funds requested: $110,000 USD in RARI token\*.
$100,000 USD in RARI of funding to cover the costs of development, including the following funding categories:
* $50,000 USD in RARI: Develop RARI Staking smart contracts
* Implement staking contracts
* Integrate RARIb s current and potential fee mechanisms
* Integrate Karma Score requirement
* Enable the DAO to block Karma Scores if it believes they are being calculated incorrectly
* $20,000 USD in RARI: Integrate RARI Staking into Tally.xyz
* $30,000 USD in RARI: Integrate Karma into RARI Staking
* Develop and deploy a smart contract to store key stats and Karma scores onchain
* Create a system to record stats onchain and store detailed delegate data off-chain (using Arweave or IPFS) for easy verification
* Continuously improve scoring algorithms to adapt to evolving RARI community needs
* Provide technical support to delegates experiencing issues with their statistics
* This is inclusive of a Karma integration valued at 15,000 USD/year.
\*$10,000 USD in RARI to buffer any potential price impact. Any remaining funds once $100,000 have been successfully sold into stablecoins will be returned to the treasury within 7 days of receiving the RARI tokens. 
### Disclaimer
This proposal should not be relied on as legal, tax, or investment advice. Any projections included here are based on our best estimates and presented for informational purposes only.
Contract