In our last blog, we covered some exciting new poidh developments. One of these was the poidh v2 smart contract:
While poidh v1 focused on 1-on-1 bounties, we've always discussed that the plan with v2 was to introduce "multiplayer" features that allow for anyone to contribute additional funds to a specific bounty.
With poidh v2 this is now a reality. Any user can now create an "open bounty" that allows anyone else to add funds. Doing so gives them voting rights to vote in favor or against any claim that the bounty owner eventually selects as the bounty winner.
We think that this open bounty functionality is a simple, yet powerful, new tool for onchain coordination. With this in mind, we wanted to provide an overview of how these bounties function, their features, and their limitations.
creating an open bounty
To create an open bounty, you will use the toggle switch found within the bounty creation form. By default, this switch will be set to "solo bounty". Fill out your title, description, and reward fields like usual, then turn "solo bounty" off to trigger an open bounty:
Double-check your information, then hit đ´ to pay your bounty creation transaction fee. After the transaction is confirmed, you will see the bounty card appear within the poidh bounty feed.
the contributor tab
Once you create an open bounty, the bounty page will look largely similar to a solo bounty. The main difference will be that there is a "contributors" tab and a "join bounty" button:
Clicking the "contributors" tab will allow you to see everyone who has added funds to the bounty, as well as how much they have added (this should show only 1 contributor, your address, to start).
Meanwhile, clicking "join bounty" allows users to add a specific amount of DEGEN to the bounty (or, in the future, ETH via our upcoming Arbitrum/Base deployments).
Once your funds are added, your wallet address should display under the contributors tab. From here, you'll want to keep an eye out for whether or not a claim has been selected for vote by the bounty creator. Remember, as a contributor, you will now have voting rights to potentially veto a claim selection you do not agree with.
withdrawing your contribution
Additional contributors to an open bounty (not the bounty owner) will see a button on the bounty page that says "withdraw". If for some reason you have lost faith that the bounty owner will be able to find a suitable claim for the bounty, or you simply need your money back, you can quickly withdraw your contribution:
Clicking this button and confirming the transaction in your wallet will allow you to withdraw the funds you contributed to the bounty. poidh takes no fees on withdrawals (but you will have to pay gas fees for your transaction).
Please note that withdrawals are only allowed when a bounty is not under vote. During voting periods withdrawals are locked. Furthermore, if a bounty claim is confirmed during a voting period, there will be no way for you to withdraw your funds (the resolve vote transaction will automatically send all bounty funds to the winning claim).
The only way to withdraw your funds following a voting period is if the claim is vetoed by a majority of voting bounty contributors. For more information, please read the "what happens when a vote fails?" section further down this page.
canceling an open bounty
If you are the creator of an open bounty, you will see a "cancel" button displayed on the bounty detail page:
Clicking this button and confirming the transaction will fully close out the bounty, with all contributed funds returning to their original addresses. No fees are taken by the poidh protocol on canceled bounties, but you will have to pay gas fees.
Please note that gas fees for canceling an open bounty increase based on the number of contributors that have added funds to the bounty. This is because you are paying for funds to be sent to many different addresses, instead of only one.
Open bounties can be canceled by bounty owners whether or not they have pending claims. All pending claim NFTs for canceled bounties are effectively "burned", as there is no way to unlock them from the poidh contract following cancellation.
Open bounties cannot be canceled during voting periods. They also cannot be canceled following a successful vote in favor of a specific claim. However, if a claim is vetoed during voting, bounties can be canceled. For more information, please read the "what happens when a vote fails?" section further down this page.
approving an open bounty claim with no contributors
If you create an open bounty and someone completes it sufficiently before anyone else adds funds, confirming the claim is as simple as confirming a solo poidh bounty. When you have your wallet connected as bounty owner, hitting the "accept" button on the claim card you want to reward will trigger a transaction confirmation in your wallet, and confirming that tx will transfer the bounty funds to the claim issuer and the NFT to you with no voting period:
Please note, due to our smart contract design, if an open bounty at any point has had contributors it is no longer eligible for automated completion. This means that, if a person adds funds to your bounty, then withdraws them, and you are once again the sole contributor, your bounty will still need to pass through the voting period before funds can be released.
This does not change which claim is rewarded the bounty (as your 100% vote in their favor will mean the vote is non-essential), but it does mean there will be a 48-hour period before the vote can be resolved and the funds released to the winning claim.
approving an open bounty claim with contributors
If your bounty has attracted contributors, accepting a claim will look a bit different. When you have your wallet connected as bounty owner, instead of seeing an "accept" icon over submitted claims, you will see a "submit for vote" button:
Clicking this button and confirming the transaction will start a 48-hour voting period đŗ.
During this voting period, all contributors will have the ability to vote either "yes" or "no" with their share of the funds contributed towards the bounty. Doing so is done by clicking either the "yes" or "no" button on the voting interface that will appear on the page during the voting period:
Voting is only available to contributors to the bounty. To vote, simply connect the wallet that you contributed with, click the corresponding button, and then confirm the voting transaction in your wallet.
Calling these functions will not work for anyone else. The "resolve vote" function will also not work until the 48-hour period has passed.
It's important to know that, as a bounty contributor, you do not need to add your vote after putting a claim up for a vote. Since you chose that claim, your share of the contributor funds will automatically be added to the "yes" count.
what happens when a vote is successful?
A vote is deemed successful for an open bounty if >50% of participating voters vote yes. Votes are weighted based on individual contributions to the bounty. Consider this situation:
There are 5 contributors to a 100 DEGEN bounty
Contributor A provided 40 DEGEN (40% vote share)
Contributor B provided 20 DEGEN (20% vote share)
Contributor C provided 15 DEGEN (15% vote share)
Contributor D provided 15 DEGEN (15% vote share)
Contributor E provided 10 DEGEN (10% vote share)
Contributors A & B vote "yes", while contributors C, D, & E vote "no"
The above voting scenario would result in the claim under vote being confirmed, even though only 2/5 voters voted "yes", because their 60% share would outweigh the 40% from "no" votes.
Remember, voters who do not participate are not counted in the equation. Let's consider a new scenario with the same voting share breakdown where contributors A, B, & C do not vote, while contributor D votes "yes" and contributor E votes "no". In this scenario, the claim being voted on would be approved, even though only 25% of voters participated in the process.
After the 48-hour voting period has passed and a majority consensus has voted "yes" on a specific claim, the "resolve vote" function can be called:
This function can be called by any wallet, not just contributors. This is because the function can only do one thing: execute the choice of the participants that voted. Calling the function in the case above would transfer the claim NFT to the original creator of the bounty, and all funds from the bounty to the winning claimant (minus the poidh contract's automatic 2.5% fee for completed bounties).
Please note, even if a contributor votes "no" on a claim (or refuses to vote at all), their funds in the bounty will still be passed to the winning claimant. There is only one way to keep funds from being sent to a claim, and that is if a vote fails.
what happens when a vote fails?
A vote fails when >50% of participating voters vote "no" during the 48-hour period:
In this situation, hitting "resolve vote" will not reward any bounty funds at all. The bounty will simply be reset to its base state from before the voting period was started.
There will be no change in bounty funds, but at this point, bounty contributors can choose to withdraw their funds (if for some reason they have lost faith in the bounty creator to choose a sufficiently suitable claim).
Bounty creators can also at any time call another claim (or the same claim) up to vote in hopes of a positive outcome. They also can simply cancel the bounty and return all funds to contributors if they no longer believe they will be able to find a suitable claim.
questions?
We believe open/multiplayer bounties via poidh are an exciting new crypto primitive and we can't wait to see the use cases they unlock! If you have any questions, or simply want to discuss your idea for a bounty, please feel free to reach out on Twitter via @kaspotz or @poidhxyz, or hit us up on Farcaster @kenny or in the /poidh channel.
we have a winner! đ 0x0E7f...0217 has accepted the claim by @divyav.eth đ¸ on Base Network bounty funds have been paid automatically đ° view bounty info and the winning claim via the frame below đ
đ´ Hey @kenny! Here is a simple guide frame I've created to help spread awareness about POIDH! I hope you like it! đ
this is so cool!! thank you! 1111 $DEGEN
You're welcome! I'm glad you liked it! Should I make a part two? Like how to create a bounty or something. Or maybe make a more detailed explanation on how to connect your wallet. What do you think?
a dive on poidh open bounties and how they are slightly different than "solo" bounties would be interesting! https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
Great idea đĄ
111 $DEGEN
imo crypto urgently needs a timeline warrior counterpoint to molly white, a ying to her yang. relentlessly posting about products, protocols, and adoption. pure optimism and good faith arguments, zero doomer vibes.
reject the frame
to be clear, not a twitter warrior to argue with mollyâs posts someone posting daily âweb3 is going greatâ content but for real
Content Guild and JurnoDAO
better frame: we need a Michael Arrington. when he started TechCrunch, it was all about highlighting interesting startups he met. we need the same energy for crypto projects.
yes exactly this
here's one of his very first posts from back in 2005. he talks about the team, their product, and ends: "Get in to the Riya alpha if you can. It's going to be a popular service." https://techcrunch.com/2005/10/26/riya-prepares-to-launch-alpha/
I used to enjoy reading her crypto critiques to help me be objective about some of the downsides to crypto. Over time as she became more popular, she has allowed her desire to shape a negative crypto narrative override accurate objective writing. If someone dedicated the time, it'd be pretty easy to mock much of what she writes now.
yeah, I donât think many of her critiques are in good faith at this point. I donât even think what Iâm describing needs to be in opposition to her posts, just posting good things about the industry on a daily basis https://warpcast.com/matthewb/0x72b4b6d7
need stories other than people gambling and making money maybe we could use something that, I dunno, let's people pool crypto in a simple way to accomplish real world tasks that matter funding cleaning up parks, accomplishing big athletic achievements, getting certain ppl to record podcasts together, etc could be big and generate the positive PR we need
who is building this???
/farcastle @publicnouns @giveth @gitcoin @octant @ethereal-forest
my reply is a joke because Kenny is describing the product heâs building, pics or it didnât happen aka /poidh but thank you for all of the examples!
tbh sounds like nouns
yes Nouns is probably the best project in crypto right now if you make this the north star the problem with Nouns is it's incredibly confusing how stuff gets done...like I've been in this industry a decade, have tried to understand Nouns on multiple occasions, and I still couldn't explain how it works to someone if I had to
no idea but big opportunity since the rest of the industry is convinced crypto will only ever be good for gambling
i am speaking to a journalist for a spots publication this friday for a story about wellness tech, wearables and specifically what im doing in crypto
*sports
exactly what's needed! btw this reminds me, would love to have you judge a /poidh focused on athletics if you'd be open to the idea! we've had people do bounties for football juggling, pushups, jump rope, even had a 50 pull up bounty (shoutout @keccers.eth) I'd be happy to fund any bounty idea you'd come up with if you're down to be the final judge of which claim wins
oh yea thanku would absolutley love to do this!! will get in touch once i come up with an idea
So youâre basically saying we need a crypto focused media company that highlights positive, and impactful stories of how crypto can help change the world. While also, being a place that brings opportunity, and incentives together, to accomplish some of these positive, and impactful things. Create and incentive positive action. And then report on it.
yes but needs to be done in a way that is only possible with crypto not just a web2 style company slapping some crypto fundraising on with a centralized address and doing nothing innovative make human collaboration tools that are impossible without crypto, use those to make an impact, and then we can brag
agreed. the web 2 thing wouldn't work here. the journaling, the video, the ad, whatever medium, it wouldn't highlight the right things, for the right reasons, likely failing to impact globally. sharing these stories is something i've been thinking a lot about
lets* not let's fucking autocorrect
Like the most simple crypto crowdfunding primitive that can be ported anywhere I like it I made a proof of concept thing for this, feel free to ctrl c ctrl v It is probably shite and insecure af but here it is The readme is incomplete, project is also incomplete, I havenât made an interface or anything as described in the readme https://github.com/csmit863/Eth-Crowdfunding
nice! have you checked out the poidh smart contracts? we've still only had about $30k of value flown through them but I think they're about as simple and bulletproof as you can get for legitimately decentralized crowdfunding https://github.com/picsoritdidnthappen/poidh-contracts
Omg I havenât this is awesome. Glad to see it is out there I will certainly have a look!! Cheers
thereâs a real need for consistent, optimistic voices pushing adoption and innovation without the doom (and gloom)
Ruthless optimism from some journalists could go a long way for mass adoption, I agree
Dear FarcasterFam, is there an account or channel where I can tip to help for the people in LA who lost their homes due to the wildfires?
I really feel like cashing it out and giving directly to vetted individual gofundmeâs is the best way to do this
Thatâs fine by me but I want to know who/where/how. I really want to help but I live in the EU and I donât know anybody in LA.
Here is one person I know personally who is close to their goal. The other is a list of Black and brown familiesâ gofund meâs vetted by afropunks and endorsed by people I trust Anything you can do is appreciated. Taking the effort to ask is appreciated. I know so many people who lost everything. Their needs vary wildly but these are two good starts https://www.gofundme.com/f/help-otilia-and-tony-banuelos-after-altadena-fire https://x.com/afropunk/status/1877767189391962340?s=46&t=jzCnndFlNSfiycPY1Hn4Rw
I know that @kenny âs /poidh can create an âopen bountyâ that others can contribute towards. A trusted individual could then sweep the proceeds over to an established nonprofit
indeed! anyone can start a poidh open bounty and use it as a fundraiser the perk of using poidh being that all contributors also received voting rights on whether or not the funds can be distributed if, for instance, whoever organized the fundraiser tries to sweep the funds to a new wallet without explaining to the group, there is a 48 hour voting period where the majority of contributors can veto that transaction more reading here: https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
Wowow this is great! I really hope that a Farcaster member in LA is going to do this so that I can tip.
@annelisa has been doing a lot to help people in LA, maybe check in on what she's doing? 5000 $HUNT
Thank you very much for the suggestion gfam! @annelisa can you create a fundraiser through @kenny âs /â poidh ? So I, and other Farcaster members can tip to help the people in LA who lost their homes?
sry for the last response!!! been running around all weekend. going to look into this tmrw - thank you!!!
No problem! I understand that you are very busy.
@elisabeth, you just received 5,000 applause from @gfam for being a based builder đ đ Current Rank: 34th đ Claps to Next Rank: 338 Hunt Town Grant is a monthly competition that selects the top three builders and awards them grants. Learn more at /hunt Allowance will be reset in 03:13:03 âī¸
poidh open bounties fix this crowdfund money for a specific thing and confirm that it got done without any single person controlling the funds contributors can withdraw funds at any point if they lose faith in the mission magic đĒ https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
ding ding ding we have a winner!
@kenny ok I'm probably being clueless but I'm not seeing how to pay out thje bounty?
Never mind figured it out. The button to pay out was *very* hard to see atop the claim image. I randomly moused over it and it became more visible.
Image... the light red outline there over "transaction hash" is what I had to mouse over to see & click. I thought it was just part of the underlying image.
argh I'm sorry! just added a github issue we'll be addressing ASAP: https://github.com/picsoritdidnthappen/poidh-app/issues/443
are you on the bounty page with your wallet connected that created the bounty? if so, you should see a "submit for vote" button on all of the claims just click that button, confirm transaction, and it will start the voting process for the claim you select! this bounty will have to go to vote because others have contributed to it more details here: https://paragraph.xyz/@poidh/poidh-beginner-guide https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
Just shared an image of what I saw. There was no "submit for vote" button visible until I accidentally moused over it.
Finally! Was about to save you haha.
would love to know who submitted the winning claim?!
I do want to know! I swear I was about to just before this. You made it so easy and basically handed it on a golden platter. ;)
stay tuned for mainnet, will be handing out free mints for those of you who engaged early!
Donât forget to release fundsđŦđ @betacuck @listen2mm.eth @kenny @spitfunkolips @daddysgotit.eth Ty @smokingfrog.eth for being first đĨ° đĢļ https://poidh.xyz/degen/bounty/731
yo sorry for not reaching out with how the open bounties work, as long as no one with significant DEGEN contributed votes "no" you'll get the funds no matter what! everybody doesn't have to vote, all that matters is ratio of "yes" votes to "no" votes at the end of the 48 hours: https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
wait what do I do?
You donât do anything Kenny does it
hmm well Kenny told me I had to go and vote yes
Oh interesting
just connect your wallet and vote "yes" on the claim in the voting area to be clear, it doesn't matter whether you vote or not tho, just make sure not to vote "no": https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
ok thanks i voted yes!
did it work?
yee looks like it, way more yes votes than before
How do I release funds?
just connect your wallet and vote "yes" on the claim in the voting area doesn't matter whether you vote or not tho, just make sure not to vote "no": https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
Ty
Let me know if u find out
Working on it. Might not happen tonight but I will get it done 100 $degen
I voted yes, đ¤đŧ
Oh thanks for the reminder, didnât know I had to do that. Voted!
I tried to vote but it won't let me connect a wallet successfully to do it đ
Hahaha only the ppl who donated to the rewards pool can vote, thatâs why
Ty for trying tho! đĢļ
a classic poidh prompt! show off your pet for a shot at the prize đļđ¸đĻ https://poidh.xyz/degen/bounty/739 also shoutout @mariel for making their first bounty đĨŗ
I'm hearing funds were raised for something in a centralized wallet people sent money to and now they aren't being sent out for the proper cause if only there were an app where you could pool money for a specific thing, but if the person who organized the fundraiser didn't come through and actually pay out the money, you could just withdraw your funds and send the money to the person you wanted to send to in the first place imagine
anyways here's the guide to poidh open bounties https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
The funds were raised via Party, not to an EOA, they still sit in the party wallet
ahh my mistake can you withdraw your contribution from Party at any time without getting approval from anyone else?
I think the party admin would need to enable the rage quit feature, which currently is turned off
https://media.tenor.com/CT8uDkMXPjwAAAAC/hot-fuzz
If only someone built a dappâĻ
or an accountability checkpoint that only allows for the right behavior and punishes otherwise
that's basically what the poidh open bounty veto mechanism does https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
nice!
afaik this isn't whats going on - just a delay in meeting the goal due (I assume) to people being very busy. I do love how customizable POIDH and how the flow aligns with achieving particular goals - perfect for so many usecases
ahh understood! but yeah I do think people are missing how powerful the basic design mechanics are behind poidh afaik there's no other tool on earth that lets you contribute to a specific cause WITHOUT actually losing control of your funds (since you can withdraw from the fund at any time before completion + you get voting veto rights for any paid out claims)
đ
Enter poidh.xyz !
junior knows ball
@kenny knows, I know, we gotta let them know bro lol
never knew we needed an app for common sense
Awareness is key, thanks for sharing. Important reminder to research before donating.
Imagine if honesty was also an app! đ¤đ¸ 50 â$DEGEN
That's why we have poidh for accountability and transparency
That'll be awesome. Do you have any of those apps in mind? @kenny
on an unrelated note here's the guide to poidh open (multiplayer) bounties https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
Youâre doing amazing fam. Grinding never complaining
the strategy is simple https://warpcast.com/kenny/0xa1640d6b
đđđđwas not expecting that lol
made my first bounty. https://poidh.xyz/degen/bounty/724
thank you!! I've added some more DEGEN to the pot and I'll repost now!
tnx sir.
so quick question, someone made a valid claim already, how do I confirm it?
so you login to the site with your wallet that owns the bounty, then go to the bounty page and there should be a "submit for vote" button on the claim the person submitted click that button, confirm the transaction, and the claim you selected will now be up for vote between you and me (the two contributors) you have already voted "yes" by selecting the claim, so you won't need to do anything else I trust that you selected a good claim, so I won't vote because there's no need and then in 48 hours when the voting period ends anyone can hit the "resolve vote" button and the funds will be paid to the winner! more details + vids of process here: https://paragraph.xyz/@poidh/poidh-beginner-guide
Hi fam ! One of the best things to come out of the new channel changes is Channel Banners! You know /pokemon has to have a banger banner to represent us properly. Thus, I'm calling on all the creatives in the Pokemon fam to participate in a fun competition. đĒđĩđŽđ: /đŖđŧđ¸đ˛đēđŧđģ đđŽđģđģđ˛đŋ đđŧđēđŊđ˛đđļđđļđŧđģ đđĢđĸđŗđ: đ,đđđ.đđ $đđđđđ To enter: 1. Create a banner w/ the right dimensions. Pokemon related. Maybe have it say /pokemon on farcaster or something along those lines. 2. Cast it in this thread and tag me. đđĸđĻđđ§đŦđĸđ¨đ§đŦ: đđđđ đą đđđ (đŠđą) đđđđđĨđĸđ§đ: đđ/đđ/đđđđ Once the deadline is over, we will vote on the submissions to pick a winner. Will figure out a way for us to do the voting so it does not get botted etc. Open to suggestions on how to best go about this.
Not my original work but looks fire AF! @0xgymleader Always had a soft spot for big G
@0xgymleader gg no re đđ¤Ŗ
đĨ
Make it an open bounty on @poidhbot for otherâs to be able to contribute some degen to paying the winner @kenny
ty ! will look into it
yo ty for the shoutout sir! @0xgymleader here's the breakdown on how these bounties work if you're interested: https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
yo ! yes this is awesome! will look into it today
sweet! pls lemme know if you have any questions
I should have used this resource to keep all of the submissions organized Poidh will be utilized by the Canyon next time I run something like this
awesome! please let me know if you have any questions also be sure to check out this guide as well https://paragraph.xyz/@poidh/poidh-beginner-guide
Great initiative I would like to take part but might be a bit late as it's 13h remaining
@0xgymleader
@0xgymleader
â¤ī¸
Yo this one goes hard đĨ
Fr
@0xgymleader i already made a cast were i dropped my banner submission in the /pokemon channel but i realized that the rules say i should reply in here to enter so i'm going to drop my submission again so stay in line with the rules
entered đ
Thank you ...when will the banner contest end
wednesday 10/16 midnight (pacific time)
Iâm down for this
I always quote casted this cast with my entry, I make it with a meme maker app (donât judge me lol)
Can it be designed with some PokÊmon pictures? My daughter is a fan of /pokemon
Cc @only1mega
What of those who donât have system ? Huh đĢŖ
Okay banger
real
happy saturday, Kenny đ if I'm not wrong, the bounty needs your vote đđģ https://poidh.xyz/degen/bounty/697
sorry, I have a question do I have to wait until the 7th?
yes sorry for missing earlier comment! no money is available until deadline passes it's all explained here https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
ohh tysm for sharing this post I read the previous one again, thinking I missed this part I'll go read it now đĨŗđĨŗ
đ¤Ŗđ¤Ŗđ¤Ŗ
Lmfao đ funniest one I've seen today! đ¤Ŗđ¤Ŗ
Hard agree
đ¤Ŗđđ
so since it was an "open bounty" with multiple contributors there will now be a voting period where contributors can vote to confirm or deny your choice: https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained but...since the only other contributor is me...and the winner is me...I think your safe from having your choice veto'd lol
https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained instructions here, but FYI someone already claimed the 5k DEGEN
one use case for these onchain pictures is crowdfunding you don't need complex tools; a simple post and those 30 cents might feel like nothing, but from thousands of users, it can make a big difference for any creator
now flip it on its head and crowdfund for someone to take a certain picture with /poidh
that would be a great experiment tho
it's why we made the open bounties so anyone can add funds on top of a bounty creator's bounty https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained if you make a bounty for a specific person to take a specific photo I'll promise $20 in Base ETH on top of whatever you throw down đ¤
đ
Is it too early to cast bounties for Halloween? https://poidh.xyz/degen/bounty/669 Excellent bounty number btw!
WOW. Already 5 entry claims for the skull bounty! Thank you: @jacque @baeshy.eth @hankmoody kaspotz.eth and the person with the claim id: 2251
Peep this gigantic, fierce looking skull in claim #2253. @kenny - do you have plans to pull FC account information and include it for each claim? I'd love to promote and cross-cast participation in /poidh bounties with FC ids and usernames.
yes! you actually were tagged by poidh bot (we just released the bot last week) if you didn't see the notification, try following the bot and they should come through! https://warpcast.com/poidhbot/0x67bc45a5
Cool, cool! I follow it. Must have missed my tag from the bot. I got a lot of notifications this past 20 hours or so.
ahh ok no worries then but yeah, I'm stoked to have something that finally ties warpcast accounts to bounties/submissions
2500 $DEGEN for the cool bounty btw!
Thank you so much! Is it possible to have other people join in and add $ to the bounty after it's been posted?
yup! but when you create the bounty you have to select that it's an "open" bounty whole process is explained here https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
I'm tipping: đx159 149 $DEGEN via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster
I'm tipping: 50 $UNITS 5 $HUNT đx20 via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster
I'm tipping: 8 $DEGEN via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster
I know one of you DEGENs has to have a photogenic cat this bounty from @helladj.eth is now at 4444 DEGEN (~$13) craft a necklace, take a pic, get paid via đ https://poidh.xyz/degen/bounty/670
I would 100% do this if I was home rn
bounty will be open till claimed, you may have time!
Not sure I would call this photogenic, but thereâs a DEGEN hidden amongst that fur lol
lol that's a little lion
other one is getting the win cuz necklace was supposed to say "poidh" but here's the runner up prize! 2222 $DEGEN
Haha, whoops. This DEGEN needs to learn to read đĢ
lol so many of the challenges have been for "DEGEN" stuff I don't blame you
Haha love it! 1000 $DEGEN
Thanks Ray!
Cute af tho
am i come late? đ¤
looks very handsome
real @helladj.eth
The real real - so do we all have to vote yes?
nope, you as bounty creator have sole discretion over selecting the winner contributors can only veto your selection, they have no influence over selecting the winner that gets voted on I have a feeling the contributors will not veto your selection
@helladj.eth @kenny đ
When will we get a dog POIDH!đ @kenny
so cool to see this happening poidh v2 has had the collaborative functionality for a while but we hadn't seen many "viral" bounties yet standpoint changed that in a few days đ¤ worth reupping this article for anyone who's wondering how the open/collaborative/multiplayer bounty dynamic works đ https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
Awesome đ
this isn't a simple pot of money either everyone who contributed has onchain voting rights and can veto the selected winner if there is a majority consensus their money also isn't locked, they can withdraw right back to their wallet if they lose faith in the bounty incentivizing IRL actions collaboratively while never losing control of their funds đĒ
It's really the best
crazy stuff i wonder how that works
10 winners 10k each will be good
probably but now you say it was it just gonna be one claim @kenny
Amazing kenny
Wow that's really great that you give freedom to the contributors, it's just that I don't know how the rules are so I make a claim for each tweet, whether it should be combined in one claim or separate
I want to add some of my degens to this bounty, how do I do it?
https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
my biggest issue with prediction markets rn is that they aren't actually decentralized
UMA cheated in the venezuela presidential winner bet too, never using @polymarket again after that
I'm not convinced they can be. The incentive to lie to get the money is just a bit less then the bet size and that makes things really complicated.
same thinking here, imo they mainly survive based off the regulatory arbitrage of betting markets being illegal in the US you get rid of betting market regulations in the US and a centralized competitor probably wins would love your opinion on the poidh open bounty design mechanism tho, trying to solve a similar problem of "how do you confirm something happened IRL" but without the oracles: https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
I would maybe have a minimum quorum required for the vote to pass. Check out curve's voting
so the thinking here is that most of the time people are going to trust the bounty creator to make the right decision which I think aligns with how human governance usually works, we give our money to people we think are going to get stuff done and generally trust them I want people to have the option to veto if things go egregiously wrong, but I don't expect it to be used often which is why there's no minimum vote requirement
Your concern about prediction markets not being genuinely decentralized is a significant point in the discussion surrounding these platforms. While many prediction markets strive for decentralization, there are often elements that can undermine this ideal.
This is so awesome! It is exactly what we all must do! Foster contribution to altruistic networks so as to meet people's needs. If you can't foster with monetary rewards as in this case, you can with praise and social status rewards or raise awareness about the benefits and importance of it. Excellent! đ
thank you for the highlight sir! you might enjoy learning about our "open" bounty system as well: https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained poidh bounties can be used to crowdfund!
This must be doneđđ¤
I miss you posts đĨē
this is an "open" bounty for anyone interested in helping a good cause + testing out the crowdfunding abilities of poidh! đ¤ if you want to add funds to help incentivize the mission, just make sure you have DEGEN on Degen Chain in your wallet and click "join bounty": https://poidh.xyz/degen/bounty/626
It was my first time bridging to degen chain Got to learn something, too đ¤
awesome, ty for your contribution! @jacek new concert đ¤
It was my pleasure Thank you for the wonderful bounty idea
đ
I had done it once for locking degen and forgot how to @kenny and his app have taught me alot by just using poidh.xyz tbh!
If this type of bounty could be extended to other countries, it would be a very good idea.
I'm I going to use Degen on base or Degen chain for testing?
Got it Degen L3 let me test it
đ¤
I tested the platform I want to contribute but should I have up to 13000 Degen before I can or I can contribute any amount? I try to click is not clickable
you need to connect wallet, then type in the amount you want to contribute any amount in DEGEN on Degen Chain works
Is there a maximum or minimum for this donation, Kenny?
I don't talk about it enough because silly bounties are more fun, but I view poidh as a solution to the bureaucratic waste of big DAOs raise money for specific things, not general causes, and confirm they were done in a truly decentralized manner đ https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
how can you use poidh to raise funds?
> create "open" bounty > get people to "join" open bounty by adding funds > when bounty mission has been accomplished, accept a claim on the page > bounty contributors now have 48 hours to use their voting shares (equivalent to their % contributed to the bounty) to veto the claim if they don't think it's legit (or vote in its favor if they think it is) > if 48 hours passes and 50%+ of voters have voted in favor of the claim, the money is released to whoever submitted the claim mechanism works if you want to incentivize someone else to do something OR if you want to raise money for yourself (submit the claim via a wallet you control)
Really cool, great trustless mechanism for use specific crowdfunding Will figure out a fun way to make one soon
sweet! you put out a good cause and I'm on board to add $100 in ETH or DEGEN, whatever it is
@kenny suggestion: allow users (provers?) to open a bet(?) and people who want to reward can put it on escrow - released when pic is uploaded đ¤or is this already possible?
@kenny im out right now, just thought about the possibilities, fun possibilities
def something I've thought about! no reason you couldn't have prediction markets on top of bounties that are triggered based on the result of what happens for now though, we do have the built-in functionality of "open bounties" that allow users to add more funds to a specific bounty, then receive voting rights on vetoing a claim if they don't like which one the bounty creator selects: https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
Hola amigos. Les traigo una actualizaciÃŗn en el sitio /poidh de @kenny: es posible crear una recompensa y dejarla abierta para que otros contribuidores participen de la propuesta. Luego de elegir al ganador, los contribuidores someterÃĄn a votaciÃŗn la propuesta elegida. Como siempre agradezco a @whatsgood-al y a @cryptowenmoon.eth por compartir sus conocimientos y generar la investigaciÃŗn en quien desea hacerla.
para mas informaciÃŗn se puede visitar: https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
30 $degen đ
Muchas gracias Moni đĢļ. Disculpa la ignorancia..que son las mascaritas?
Aquà te contamos https://cryptoconexion.com/descubre-como-funciona-masks-el-primer-token-social-en-optimism/
Gracias Moni, ni bien llego a casa me lo leo!!
Good morning @kenny, I hope you are well. I wanted to ask you a question: when creating a bounty, if we choose the "open bounty" option, then each contributor will reward with their own contribution, or is the entire decision in the hands of the bounty creator?
this blog explains the whole process: https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained TL;DR is this, the bounty creator is still the only person that can "choose" a winning claim, BUT that claim then has to pass a 48 hour vote, and if enough bounty contributors veto their choice, the claim fails and the bounty resets to its previous state contributors can then work with the bounty creator to choose a more suitable claim, or they can withdraw their individual funds if they feel the bounty creator can to longer be trusted to choose a suitable claim
Excellent!, thank you very much for the clarification and information!
glad to help!
đĸ poidh update đĸ we've added info to the bounty creation form to clarify: đ´ fees charged đ´ "open" vs "solo bounties" there has been a ton of confusion around "open" bounties so hopefully this sets the record straight "open bounty" does not mean that there can be multiple winners for your bounty (all poidh bounties can only have a single winner) instead, it means that anyone else can decide to add additional funds to your bounty to incentivize completion wanna learn more? check out our blog and learn about these "multiplayer micro DAOs" đ https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
Does "open" mean that the bounty can be increased further, while "solo bounties" are fixed to the initial prize?đ¤
yes! and anyone who adds more funds to open bounties also gets potential veto voting rights on whatever claim is chosen as the winner you can read more here https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
Can anyone, not just the host, increase the prize for open bounties?
yes! anyone in the world can pitch in to incentivize something they want to see completed important to note their funds are not locked either, they can withdraw their funds from the bounty at any time if they lose faith it will be completed
who else out here trying novel stuff with bonding curves, other social/attention gathering mechanisms? ie not just copy/pasting friend.tech, but innovating wanna form a little working/ideation group
Weâre trying out new stuff! Would love to join and jam on consumer crypto
/megapot looks interesting! Youâre in
not actively doing anything, but can I join the group
yessir
imo poidh "open" bounties are a novel attention gathering mechanism but I'm also biased https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
had you/poidh in mind đ
damn, I'm honored! and def down to join a group on this topic đ¤
interested!
đĢĄ
mystery meme baby
oh youâre obv in
mom I made it
Pls sir đ
yes pls itâs time for something new lol
you're always in. we need to create new scenius
down! Iâve been following the work of the Common Stack and their Augmented Bonding Curve research for a while and would love to talk shop on use cases and products
def an interesting take what's worse, memecoins that transparently promise nothing, or governance tokens that promise influence but in practice are not very useful? https://twitter.com/_tolks/status/1801087140677218610
iirc, this is mansion reference is for the founders of two distinct defi protocols. let's face it, both are a pretty crappy options. in either case the game is rigged to not be one where there's multiple stages & accidental discoveries. how harmful is demoralization to you?
I actually consider the memecoin option fine because it's transparent the promise is speculation, and they deliver on that speculation promising governance and higher-minded goals ropes in gullible investors though, and that's treacherous when the real goal is leveraging coins to buy yourself mansions
you're not wrong, governance has typically receded to better understanding. I just think that maybe there is a crucial need for decentralized stables & curve was effective, early, & memetically active. one could argue the macro, so if we apply memecoins, to what end?
as in what's the overall point of memecoins?
Governance tokens imo. Memecoins are just memes and vibes.
are there any popular apps where people go to report things in their local communities that can be improved? looking for a large public repository of trails that are overgrown with weeds, basketball nets that can be replaced, potholes that need to be filled, etc.
In Asia itâs pretty common for public facilities to post a WhatsApp number to which messages and photos can be sent. Much better to use that than a dedicated app that nobody will download
nextdoor maybe
Based Onchain coordination having irl impact on public good You're doing well Kenny
đ¤ we will convert the normies to crypto by showing them onchain programmable coordination systems are 10x better at improving their local communities than any archaic local government running on fiat and board meetings could ever be
I once ran project clean city, snap and upload an unkempt area in you environment, community members get it cleaned and upload before and after pictures And they're rewarded for honest work. But it was hard keeping incentive up to make them participate
yeah incentive alignment is tough, constantly working towards making the poidh experience stickier part of it I think is NOT having it totally focused on just community service that aspect is there, but you can also use it for fun, casual stuff
seeclickfix is one i've learnt about some years ago and basically marked a turning point in my career also check this recent thread out https://twitter.com/JonathanHillis/status/1789011144696562037
beautiful gonna start making /poidh bounties specifically for stuff listed on there
looking forward to see it! happy to discuss more/give feedback anytime if needed. i've been researching adjacent aspects for a while and also worked on somewhat of a theoretical abstraction of this application :)
sweet! would def love to get your opinion on what we're doing at poidh it's basically exactly what that Twitter person was asking for, an app to escrow funds for tasks to be completed then release them once the task creator thinks they're sufficiently well done (with photo proof, of course)
poidh v2 has an "open bounty" feature that lets any user add additional funds to a bounty in return, contributors receive voting rights regarding legitimate claims check out our blog to learn more about these "multiplayer micro DAOs" đšī¸ https://paragraph.xyz/@poidh/poidh-open-multiplayer-bounties-explained
this is dope! really cool direction to move in can you clarify how voting is weighted? Is it weighted by contribution size or not?
thank you! I realize now...that's a pretty bad example if I want to make it clear that voting is weighted by contribution size lol will update! but yes, point is that, say, if you and I contribute 30 DEGEN each, then someone else contributes 40 DEGEN, that we will each have 30% share and they will have 40% share
Let's say 4 people contribute 10 degen and 1 person contributes 60 degen (100 degen total). If the 4x 10d people all vote yes and the 60d person votes no, will the vote pass or fail? If weighted by person, it passes If weighted by contribution, it fails
section rewritten!
This is really cool 11 $degen
thank you! excited to see what people use it for
New blog post by @kenny introduces the new poidh v2 smart contract feature: "open bounties". Now, anyone can contribute to a bounty, gaining voting rights in the process. This exciting development simplifies onchain coordination and expands the world of crypto interaction.
good bot