Hello, SHE followers. It has been a long time since our last blogpost. Let’s tell you what SHE is doing.
Outline
Weekly Huddles & Cutbacks
WTF has been happening?!
DAO Governance and Distributions
SHE Web3 App
Weekly Huddles
Every week we sit in Discord with Victor and Pretty Scone and talk about the SHE project. Everything from SHEiPs, to current events in sports, web3, and dathletes. We then distribute PRTCLE tokens to attendees! Stop by some time if you are interested in tokenizing action, DAOifying sports and challenging the status quo.
WTF has been happening?!
Cutbacks & hibernation
Let’s address the elephant in the room🐘.
Is SHE dead?
No, far from dead. Just hibernating through the bear.
In short, we have been in a bear market. With a bear market comes pressure, anxiety, and cutbacks. Therefore, the SHE core team has been cut back to its original founding members. SHE extends gratitude to past team members and wishes them the best. SHE still has funds in the treasury, however they are being used sparingly.
Here is some proof she is still alive!
Denver Beer Hike at MCON 2
Ranked #3 in the last Panvala PAN distribution
Pushups in the Challenge Feed
Among other things! We have so much we are ready to do to help athletes own their craft!
New Stuff!
New SHEiP proposal template
Victor put together a new template for making proposals to the SHEiP system using Githubs experimental form templates. This has 2 main benefits over the previous typeform.
Infinitely Extensible for Free
Typeform has a limit of 10 inputs in the free tier
Proposal writers maintain ownership of the proposal
The typeform submission would not be listed under the Github users account, making it difficult to be updated
Distributions
SHE recently minted 320,000 PRTCLE to distribute to the community for the past 16 weeks. Weekly distributions are not currently feasible, however there is active work developing a solution for this.
LP Rewards were cut to 1/3rd
SHE released Liquidity farming over a year ago. It has helped reward community members who monetarily give to SHE. The team felt the rewards were too high, so liquidity token contributions have been retroactively cut to 1/3rd of their previous weight, as we move to a new LP reward system.
PANTS DAO has launched on Moloch v3
Pants and the PANTS treasury are now controlled by PANTS DAO. All PANTS Bunrers have gained control over the PANTS protocol. Expect to see PANTS DAO making moves.
Ongoing Discussions
App Pivot
SHE has spent the last year developing a mobile app where athletes can stream their success. Check out the mobile app designs.
We have begun a short pivot away from the mobile app to focus on a competitive web app that better refines the SHE smart contracts. More to come on this.
LOOT Distributions
SHE members have been discussing the pros and cons of SourceCred powered DAOs. A solution for weekly distributions, treasury management, and community empowerment has been brewing.
Loot Distributions use Moloch DAOs Rage Quit feature to power up SourceCred Distributions. It’s simple.1 Earned PRTCLE = 1 LOOT
If this proposal happens, the DAO will start building a shared treasury with its members. It will be easier than ever for the members to collectively use their PRTCLE to benefit the DAO, while still maintaining ownership over their PRTCLE tokens.
Zksync 2.0
SHE devs have begun launching test contracts on zksync 2.0 testnet. With zksync 2.0 mainnet around the corner, there is a bunch of possibility for coordination. The big main change zksync 2.0 brings, other than security, is account abstraction. Read more about that in the zksync docs. This will help SHE achieve a gasless future with more reliability than using the GSN relayers.