A quick post to share the latest on Liquid Funding! (More about the original concept here for those unfamiliar).
We’re not far away from launch and are working towards mid-November to go live We have a simple launch brief and marketing plan ready - we’re not initially targeting a giant audience but rather introducing the concept to our core group of followers.
The working name for our implementation of LF is Assemble, and it will have its own look and brand, i.e. it will be a distinct project from Status, not e.g. Status Liquid Funding nor Status Assemble.
Currently Assemble is on Ropsten and we are doing some final work to: a) make it seamless to fund projects using any token, and get funded in any desired token; as well as b) adding branding aspects to present the concept.
The idea with this v1 is that projects can seek funding, and funders can commit funds to projects - it’s a functional and basic MVP.
What don’t we have in this v1 and why? We haven’t yet figured out the delegate flow - the contracts support this functionality, but our first iteration doesn’t offer it because it’s complex and trying to display it in the UI in an easy-to-understand way turned out to be pretty challenging. More so than that, it’s a deliberate choice for v1 to be simple in order to get people comfortable with using it, and for those people to tell us what they would like to see in the next iteration.
We’ve set aside a small initial amount of funding from Status for trialling this out. We’re currently not looking to replace legacy services agreements that are in place with core contributors as it doesn’t make sense with the initial budget and scope of this first implementation, but the eventual aim will be to offer liquid funding as an alternative path to funding development of the Status Network.
Do you have any side projects you’d like to get funding for? Have a think and get ready to submit them for funding when Assemble launches! As a rough guide (numbers still TBC) - for core contributors and existing partnerships, funding requests for up to ~$5k will be considered, for community members, it’s ~$1k (these caps are in place while we figure out best accounting practices for how to make payments - it’s lower for community members simply because we don’t have KYC in place as we do for core contributors).
Also - if you want to act as a funder to any projects that are pitched, you’re more than welcome to do that too.
Once the trial run is done and our first tranche of funding has been allocated out, we’ll gather feedback and see how people found it, then use the feedback for Assemble’s roadmap.
Any questions? Drop them here. Cheers!