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Davis Brains
@Davis_Brains
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Web3 Catalyst⚡• DeFi & ReFi contributor • Guardian @solflare_wallet • CM @blockchainrsu_ • Building with @huntersDAO_ • Obsessed with tech!
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Joined July 2022
𝗚𝗢𝗩𝗘𝗥𝗡𝗔𝗡𝗖𝗘 𝗜𝗦 𝗔 𝗧𝗛𝗜𝗡𝗚 𝗢𝗙 𝗧𝗛𝗘 𝗖𝗢𝗠𝗠𝗨𝗡𝗜𝗧𝗬, 𝗡𝗢𝗧 𝗔 𝗚𝗔𝗠𝗘 𝗢𝗙 𝗗𝗜𝗖𝗧𝗔𝗧𝗢𝗥𝗦𝗛𝗜𝗣. It marvels me most times when I see the power of decision-making being one-sided in some parts of the world. From top positions to even the grassroots level. Yeah, that's bad. The above scenario is not far from what we see in the web3 and DeFi ecosystem, where top projects and organizations make influential decisions that impact the community without actually consulting the community. Funny, right? Only a few projects in the space, prioritize the need for active community participation and still reward them for their input and contributions in supporting the vision of the project. @OctantApp is (I won't say lucky) because they actually earned it, to be part of the few that puts their community at the forefront when it comes to decision-making. 𝑶𝒄𝒕𝒂𝒏𝒕 𝒕𝒉𝒊𝒔, 𝑶𝒄𝒕𝒂𝒏𝒕 𝒕𝒉𝒂𝒕, 𝒘𝒉𝒂𝒕 𝒊𝒔 𝒕𝒉𝒊𝒔 𝑶𝒄𝒕𝒂𝒏𝒕? @OctantApp is a public goods funding platform, that relies on the power of governance via community-driven decision-making to support qualified projects that are in need of funding. Octant, which was developed by the @GolemFoundation, staked 100,000 ETH to financially support projects that have the potential to reach a wider audience and are building something of real-world value. 𝐇𝐨𝐰 𝐜𝐚𝐧 𝐈 𝐩𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞? This is where the $GLM token comes in, which is the ERC-20 token of Golem used for governance voting. Users who wish to participate in the governance process can do so by following the procedures below: ➡️ Purchase $GLM tokens from any CEX of your choice. ➡️ Head over to “ on your web browser. ➡️ Connect your EVM-compatible wallet. ➡️ Input the amount of $GLM you wish to lock. ➡️ Approve the transaction. Done! By doing so, you're now officially part of the Octant community and able to vote for your favorite projects during different epochs. It also makes you eligible for future rewards from the Octant pool. For a more detailed read about how the reward system works, you can refer to this thread: With Octant, it's a win-win. As a user, you get rewards via locking up your $GLM token and also have voting power in token-weighted pools. As a founder, you can submit your project proposal for funding. And the good news is that there's no limit to the number of times your project can get funded. As far as it makes it to the allocation window, you're good to go. In my next post about Octant, I'll be talking about the submission process for projects and the eligibility criteria. Make sure you turn on notifications. For more information about this amazing platform, check out their official links: DOCS: TWITTER: DISCORD: DAPP: Tagging a few of my favorite public goods projects: @BorderlessDev @Pizza_DAO @EVMavericks @KiwiNewsHQ Do well to check them out!
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