Panvala Releases Alpha MVP with Slate Governance Model

Panvala Releases Alpha MVP with Slate Governance Model

This week, the Panvala development team announced the launch of its Rinkeby Alpha MVP, which is now available at app.panvala.com. This is the first publicly usable build of Panvala, being released for the purposes of demonstrating the system, increasing open-source contributions, and garnering user feedback.

Built by ConsenSys, Panvala intends to facilitate the funding of much of the work upon which the whole Ethereum community depends through a process called slate governance that’s similar to Token Curated Registries and other methods of decentralized governance. Panvala wraps the existing ecosystem of grant funders, corporate open source projects, and volunteers with a token that gives them all a shared incentive to find sustainable funding together.

Leading up to the launch of this system, Panvala has issued grants to teams like Gnosis, Status, and Level K for work they do that makes it easier to build secure systems, and helps the Ethereum network scale to its full potential.

We checked in with Jacob Cantele, VP of Product at Panvala, for some background on the release…

What is Panvala, and what does it do?

Panvala is a donation driven platform that helps fund the work that the whole Ethereum community depends on, typically work that furthers the security or scalability of Ethereum. Our donors contribute funds to a smart contract called the token capacitor. Each quarter, our token holders use their tokens to vote on which grant applications should be funded from the token capacitor.

Can you explain a little about slate governance? how does it relate to TCRs?

Panvala was originally built as a more traditional token-curated registry, before adopting slate governance as our model. Slate governance is an alternative to token-curated registries. Slate governance allows an individual or organization on our platform to curate a slate of proposals (a registry), and have that slate compete with other slates on the platform for the support of token holders. Slate governance is more similar to representation in a voting system, and solves the problem of low-voter knowledge of each individual proposal existing in a registry.

You can learn a lot more about Slate Governance in Niran Babalola’s ETHDenver talk on Slate Governance:

What kind of people should be checking out the Panvala Alpha?

Our main focus for the alpha is attracting members of the Ethereum community who would like to share their feedback. Panvala is also fully open-source, and we’d love to collaborate with other teams and hope our slate governance innovations can be a model for teams generally. Lastly, we’re very interested in talking to anyone who is interested in donating to the system, applying for a grant, or becoming a token holder.

How does the Alpha play into the long term vision for Panvala?

The alpha is an important step to validating the assumptions we’ve made so far, and we’ll be synthesizing all of the feedback we’re receiving from real users as we plan our next steps. Next, we’ll be releasing the second round of token grants and releasing a public beta that includes staking and our donation flow, while tracking towards our mainnet launch in August. Our donors appreciate knowing that Panvala’s token holders will be doing the work of identifying the best possible grant applications to be funded with their contributions.

Explore the Panvala Alpha MVP.

If you have any feedback or would like to receive test tokens for trying out the system, please send an email to [email protected]

What’s Included in the Panvala Alpha MVP:

  • The token capacitor, a smart contract holding all available tokens for grant allocation, and releasing them in declining numbers on a quarterly schedule.
  • Grant applicants are able to create a grant proposal. Grant proposals created on the platform are public and can be evaluated by the whole of the Panvala community.
  • Grant proposals can be selected by the platform’s token holders who curate lists of grant proposals they recommend to be funded. These lists of grant proposals are called slates.
  • Slates themselves can be viewed by the platform’s token holders and evaluated as a part of the platform’s quarterly ballot.
  • The platform’s ballot includes a ranked choice voting system that empowers the platform’s token holders to commit votes they feel confident in.
  • Token holders are able to connect their MetaMask wallet to complete all of the above.

Coming Soon

Other major items in our short-term roadmap include:

  • Platform governance slate creation, giving token holders control over governance parameters
  • Staking in order to create the necessary economic incentives around slate curation
  • Platform notifications to empower Panvala’s token holders to be actively engaged in the governance of the system
  • Vote logic and grant execution
  • Donations made directly through the platform to Panvala’s token capacitor

The Panvala Product Roadmap:

If you have any questions or feedback, would like to receive Rinkeby testnet tokens for testing, are interested in applying for a token grant, or would like to donate to support the security and scalability of Ethereum, please reach out at [email protected] For feature requests or bug reports, please open a GitHub Issue in the Panvala repo.

Published at Fri, 05 Apr 2019 16:03:58 +0000

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