{"id":216089,"date":"2021-04-01T02:29:01","date_gmt":"2021-03-31T23:29:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/yearn-finance-reveals-coordinape-decentralized-grant-distribution-platform\/"},"modified":"2021-04-01T02:29:01","modified_gmt":"2021-03-31T23:29:01","slug":"yearn-finance-reveals-coordinape-decentralized-grant-distribution-platform","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/yearn-finance-reveals-coordinape-decentralized-grant-distribution-platform\/","title":{"rendered":"# Yearn Finance reveals \u2018Coordinape\u2019 decentralized grant distribution platform"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a357e6e983b8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a357e6e983b8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/yearn-finance-reveals-coordinape-decentralized-grant-distribution-platform\/#Trusted_trustlessness\" >Trusted trustlessness<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Yearn Finance reveals \u2018Coordinape\u2019 decentralized grant distribution platform <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvZTdiN2U1Y2YtY2ZjNy00YmRhLWIxNmMtZTliOTdhMzU5N2E0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Yield vault protocol Yearn Finance has revealed today the details of \u201cCoordinape,\u201d a new platform for distributing the $40,000-per-month Yearn DAO community grants budget \u2014 just one initiative in a wider effort to further decentralize Yearn\u2019s governance.\u00a0<\/p>\n<p>Yearn founder Andre Cronje \u2014 who said in an interview with Cointelegraph that he no longer takes part in Yearn\u2019s \u201cday to day\u201d development \u2014 revealed the program in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/iearn\/decentralized-payroll-management-for-daos-b2252160c543\">blog<\/a> post this morning. <\/p>\n<p>Each Coordinape member will have a set quantity of \u201callocation points\u201d which they can distribute to other members who they worked with during a given month. Members with the most interactions and allocations will receive weighted portions of the grants budget. <\/p>\n<p>While there are other tools for programmatically distributing rewards, such as Colony, a recently re-released DAO platform, core Yearn operations member Tracheopteryx said that a in-house solution was necessary for Yearn\u2019s unique needs. <\/p>\n<p>\u201cWe have a monthly grants budget of $40,000 and dozens of active contributors. How do you decide how much to give each person? You could use a DAO to decide on the allocation for each person one by one, but that doesn\u2019t scale,\u201d he said. \u201cCoordinape let\u2019s each contributor allocate tokens to everyone they think brings value, then when you look at the total allocation across all contributors it\u2019s a pretty accurate and efficient way to assign asymmetric rewards. Nothing else out there does this.\u201d<\/p>\n<p>As first discussed in Cointelegraph Magazine, Tracheopteryx and others have been working on Coordinape since February. The platform is inspired by Teal, a school of organizational theory that advocates for worker self-management, as well as recent developments in computational <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> choice. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Trusted_trustlessness\"><\/span>Trusted trustlessness<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>According to Tracheopteryx, the ultimate goal of Yearn\u2019s governance structure is to \u201cmove more decision-making powers off of the multisig\u2019s shoulders and onto a network of autonomous and self-managed teams.\u201d<\/p>\n<p>At first blush, however, Coordinape\u2019s joint-reporting reward structure seems at odds with the wider cryptocurrency space. Users reporting one another\u2019s contributions could quickly and easily be <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>d through mild coordination, running contrary to the elegant economic incentives and security undergirding so many smart contract systems. <\/p>\n<p>However, Tracheopteryx says this trust at the social layer is key to Yearn\u2019s success.<\/p>\n<blockquote><p>\u201cWhen you work in crytpo sometimes you get so used to thinking about trustless systems, attack vectors, and adversarial environments that you can&#8217;t see anything else. But the reality of most creative teams is that they are highly collaborative environments. We needed a consensus mechanism that enhances that kind of energy. This can only work on top of a trustless blockchain, just like an orchid can only bloom from the physics of matter.\u201d<\/p><\/blockquote>\n<p>He noted that the \u201cincentives are pretty low\u201d to game the platform, and that by design it can\u2019t be manipulated \u201ccatastrophically.\u201d\u00a0<\/p>\n<p>As Cronje wrote in his blog post, much like Yearn itself Coordinape is a tool that \u201coriginate(s) out of a personal need, but can be <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ized to help any other organizations \/ DAO\u2019s struggling with a similar problem.\u201d The team will be releasing an open-source version of Coordinape as soon as possible, and are \u201cexcited to see how people add value and innovation.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/yearn-finance-reveals-coordinape-decentralized-grant-distribution-platform\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Yearn Finance reveals \u2018Coordinape\u2019 decentralized grant distribution platform &#8221; Yield vault protocol Yearn Finance has revealed today the details of \u201cCoordinape,\u201d a new platform for distributing the $40,000-per-month Yearn DAO community grants budget \u2014 just one initiative in a wider effort to further decentralize Yearn\u2019s governance.\u00a0 Yearn founder Andre Cronje \u2014 who said in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":216090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvZTdiN2U1Y2YtY2ZjNy00YmRhLWIxNmMtZTliOTdhMzU5N2E0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75186,74868,74891,71511],"class_list":["post-216089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-dao","tag-defi","tag-ethereum","tag-government"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/216089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=216089"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/216089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/216090"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=216089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=216089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=216089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}