Redesigning the TEC Reward System

Weekly meeting: Wednesday 8 PM CET / 2 PM EST

You can find us on Discord Channel:  Reward System discord chat.

Doc owner/OWG Community Stewards: Kristofer + Livia

Discord handles: kristofer#1475 + liviade#1387

👇🏽 What is this about?

The last two months we have been running a project for upgrading the TEC rewards system, making it ready for prime time after the Commons Upgrade. We have also been planning to start a Rewards Committee responsible for managing the rewards budget, facilitating the bi-weekly quantifications, etc.

We believe it is a good idea to merge these two efforts and place them under the umbrella of a Rewards WG.

Note: The Working Group Manifesto is a live document, as the working group evolves (e.g. people join the working group) this document should be updated to reflect these changes. This is important so that there is an updated single source of truth for onboarding new working group members.

⭐️ Mission

The intention of this Working Group is to design, implement, maintain and continuously improve the TEC reward system.

The models from this Miro board are being developed into a dashboard.

The dashboard will:

• Host quantifiers
• Randomly pair them with praise sets
• Quantifications will be performed there
• Quantified sets will be analysed after every quantification round.

The TEC Reward System is composed of Praise and SourceCred. Praise takes care of the qualitative and subjective contributions. See Rules of Praise and Quantification. SourceCred captures more objective contributions and is linked to Discourse, Github, Twitter and Discord only for meeting attendance.

The configuration and maintenance of these two systems requires a team to be involved in it.

We currently have the technical team working on the development of the dashboard, identity solution and analysis development and the Reward Board which is/will be responsible for:

• Submitting proposals to the DAO to cover the rewards distribution.
• Sending the wxDAI received from the proposal to the bonding curve to get TEC tokens; send TEC tokens to the Reward DAO.
• Set up SourceCred parameters and describe them to the community
• Recruit quantifiers and add them to the dashboard
• Onboard quantifiers
• Distribute funds to contributors via Reward DAO.
• Pay close attention to analysis reports and propose changes to the reward system when needed.
• Evaluate the metrics being used in the analysis and how well they are measuring the system's health.

🌱 How will this working group benefit the TEC community according to its mission

A comprehensive reward system provides insights on the values being produced in the community. This information is essential for the maintenance of the TEC’s long term mission alignment and economic sustainability.

The TEC is a pro-social community, it is fundamental that contributors feel rewarded and have degrees of their needs being met. Reward systems are also at the core of token engineering and the experiments from this process are relevant for this field and discipline.