MetisDAO Foundation 2nd Half Year Roadmap 2022

  • Smart Layer 2 — A solid, scalable, cheap, and decentralized technical infrastructure to act as the transaction layer, which is secure enough for everyone to use, smart enough to support the sudden increase of user flow, and robust enough to run and sustain DApps and the Web3 economy.
  • Reputation Power (RP) — The most fundamental and decentralized identity infrastructure in the Web3 world, to demonstrate each member’s credibility, trustworthiness, level of engagement across multiple chains/ecosystems/metaverses, and their social contribution to specific areas.
  • Decentralized Autonomous Company (DAC) — An individual-centric, decentralized framework to support and facilitate every person’s collaborations in the Web3 world, which will be on-chain, Reputation Power based, and open for community members to co-build and co-govern.

Decentralization and the Evolution of the Governance Model

  • The project team opens part of the decision making to the community. However, people have to “bribe” whales in order to pass proposals, and small token holders don’t actually have any say regarding the decision making process. In this way, this is still centralization.
  • Or a community completely owns the project, but most community members are only token holders not putting much skin into the project. Although it looks like everyone can participate in the project operations and governance, there is a lack of intrinsic care. Either the project’s efficiency is greatly compromised, or it loses direction as most community members only care about short-term returns. Some projects leverage delegation as a way to solve this issue, but there are no methods to define the criteria of a qualified delegate. Community members are hesitant to delegate their voting power to someone they don’t know or someone without a history of project contribution.

Commons

Eco Nodes

Procedure

  1. Common members can propose MIPs (Metis Improvement Proposals)
  2. MIP passes the voting threshold
  3. Eco Nodes cast their votes for final decisions
  • Smart Layer 2
  • Metis Web3 Identity: Reputation Power for Web2 and Web3 users
  • DEI (DAC Economy Initiative): build the DAC infrastructure to support the sustainability of the Web3 economy
  • Metis Studio: incubator for Web3 applications
  • Genesi DAC: the onchain investment DAC to provide funding for eligible teams within the Metis ecosystem

Technology Advancements

A Fully Decentralized Layer 2

Polis, the Gateway to Connect Web2 with Web3

Incubating Web3

Reputation Power, Decentralized Web3 Credentials

  • Credentials in Web3: Each member will start the Reputation Power journey by minting unique Social NFT Badges, which will serve as the medium to store all the member’s interactions in the multichain ecosystem
  • Achievement & Engagement rewards: All DApps can design and release NFT Badges. Each NFT badge can symbolize an achievement or acknowledgement of a member’s engagement. All members will need to meet the criteria set by each DApp to be eligible to claim an NFT badge.
  • Levels of Trustworthiness: Members can start to accumulate Reputation Power, which will be recorded in the Social NFT. This number can serve as a way to recognize the member’s contribution, community rapport, and engagement level in the ecosystem.
  • Matrix: the user interface to mint one’s own Social NFT and showcase social engagement and capabilities
  • Matrix Station: the frontend for DApps to distribute NFT badges to different users through their unique strategies
  • Polis: the backend for DApp developers to deploy NFT badge smart contracts and issue NFT badges

DAC v2.0: an Open, Decentralized and Onchain Collaboration Framework for Everyone

Moving Towards Mass Adoption

Builder Mining

Web3 Grants and Genesi DAC

Community Ecosystem Governance (CEG)

Evolution of Eco Nodes

  • Metis Web3 Identity
  • DEI (DAC Economy Initiative)
  • Metis Studio
  • Marketing specific Eco Nodes
  • Liquidity Provision specific Eco Nodes

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