Founders & DAOs, some seafood? 🦞
Founders & DAOs, some seafood? 🦞
LobsterDAO is first & foremost a community for technical and economic research and discussions focusing on DeFi. Although, here are some things we can do together! Remember, this is not a PR proposal!
There is no direct marketing or any monetary involvement. Moreover, this is not a PR proposal in any way. There are no KPIs to promise or other boomer shit you buy from media packages. Leave that at home, that’s not it. Open up your mind.
Our ethos is to remain impartial and focus on knowledge sharing while we, the admins, do our part to add value every day and find cool opportunities for the DAO.
This article will give you a glimpse of what you can expect as a founder, what are some of the ideas we can work on together, and a bit of experience so far. You can catch up with the original idea in the previous substack, if you want more context.
“Who is the audience?” - 1.5K+ of smart & loyal degens
LobsterDAO is known for having extremely high signal-to-noise discussions and also the place that you will find the largest group of founders, builders and influential DeFi heavyweights. It’s very likely that the creators of your favorite protocols are part of the lobster community. That is, unless people are shitposting which happens…
The current list of LobsterDAO NFT holders is a very strong proxy for a pool of the most intelligent, well-known, value-generating and well-funded individuals in all of DeFi each with deep crypto knowledge. To capture the attention of these developers, founders and DeFi power users – we propose that projects incentivize these individuals. To get friendly eyes on a project, we believe its better to engage with the community through a channel that participants trust and are well-disposed to.
Again, this is not a PR proposal since we are just helping the incentives get right to the users. And don’t think of “budgets” or KPIs. Leave that for the blabla agencies.
If you want to see some of the stats, here is a cool Dune dashboard:
If you are wondering who some of these people are, check the initial minter list too.
“What can I potentially get?” - anything, if you are worthy
Think of it this way: you are getting access and direct connection to some of the craziest and wealthiest degens out there. So, be creative and also forget about fucking $50 airdrops. Give tha to your dog, this is not some bs airdrop agency. Now get your brains to work…
We can do an introductory event in a Telegram or Twitter audio chat, where known members of the community would host the project's representatives in an extremely-unfriendly way grilling your ass. Then we can get to initial community questions so you’d be able to lay down your thesis & vision for the product, as well as explain it. We can offer hosting periodic Q&As among community members to maintain interest and engagement, if you have something worthy to show. We can collaborate on some market research and show verifiable data w̶h̶i̶c̶h̶ ̶w̶e̶ ̶s̶k̶e̶w̶ ̶o̶u̶r̶ ̶w̶a̶y̶ ̶t̶o̶ ̶s̶h̶i̶l̶l̶ ̶&̶ ̶g̶e̶t̶ ̶r̶i̶c̶h̶
A number of experienced DeFi users would be asked to participate in the beta testing of the protocol, including:
Testing of UI for usability and bugs;
Testing of typical smart contract interactions, reporting the problems. E.g. lock tokens into the contract, give a loan, take a loan, etc.;
Giving feedback on the product traction and composability routes;
Connect to other projects and DAOs to once there is clear work potential;
What else would one want? Name it, let’s think!
After beta testing is done, if the project is found to be working and useful, there is a big probability that members of the community would further engage with the released product (duh!). Among community participants, there is a substantial number of well-funded individuals and teams, capable developers, experienced DeFi users and various other kinds of specialists. Some things such participation is expected (but not guaranteed) to bring:
Increased TVL;
Word-of-mouth marketing;
Detailed public reviews of the product;
Software infrastructure around the product, e.g. running liquidation bots, nodes, creating API clients and so on.
“What do you want from me?” - airdroooop… jk, be creative!
Suggest! In our vision, holders of at least 1 LOBS NFT are provided with beta access, for example. Or a liquidity mining multiplier. Or some exclusive access to something else. It should be worthy, or you simply won’t get degens interested.
LobsterDAO does not necessarily expect an airdrop from every partnership, the community is very open to all forms of incentives however they might be structured - the key is that any incentives provided as part of a partnership should aim to generate excitement and momentum for the partner project. The initial list of the distribution very strongly represents active and knowledgeable users, not airdrop hunters.
Is it better to use NFT list or initial list?
It makes more sense to use an NFT holder list at the time when you are using this idea because (i) some members became active post-distribution (ii) there could be future distributions. Therefore, using initial list-only is not going to cover all current-active members, many of whom you might not want to leave out - see an example.
Projects that have already collaborated
GearBox: exclusive testing access + minting ceremony whitelist
CoinList: karma drop as a way to get into the biggest sales
Ambire: liquidity mining multiplier to farm more
Your bag: suggest how you wanna get seafood engaged!
How can I suggest a collaboration with my project and LobsterDAO?
To suggest an idea for cooperation - throe a message into Lobster Kingdom chat. Then, you'll want to compose a simple rough proposal (don’t stress, we can help) which will later be posted on Governance Step 1, which in the Lobster DAO is a GitHub issue with a full description of the proposal.
Governance Discussions: github.com/lobster-dao/overview/issues
Then post a link to your suggestion in the collection chat and ask the community for comments. This process usually takes like a week and you will be in touch with DAO helpers during the process. Once the discussion has passed and it is clear that the community is in favor of the collaboration, we can begin to implement it. All ambiguous points will be resolved during the second step which is a snapshot voting.
Governance Voting: snapshot.org/#/10b57e6da0.eth
To avoid possible confusion, let's talk in more detail about how voting works. Snapshot page can be used together with multisig in order to decide what to do with NFTs or any other assets in the multisig. The collection or the NFTs have no governance over chats, rules, or anything else related to people. 1 LOBS NFT = 1 vote. Currently, 3 NFTs minimum threshold to create a proposal. This can be changed later. The process is as follows: create an ISSUE to discuss something and then make a snapshot proposal after some time of discussions taking place.
AND THEN → LFG 🦞
If you have any questions left unanswered or faced an issue, please just throw a message into Lobster Kingdom chat - community & DAO working group will help!
And for fun, look at this cool stuff! Pretty f awesome :)
DAO treasury isn’t doing too bad either , granted hype hasn’t started. Cool to see!
That’s it for today. As always, we are mostly Telegram deep sea dwellers, so find us there. Here is the channel with all the relevant links for you to check.
Happy swimming!