The Hatch

General Questions regarding the Hatch.

What is the purpose of the Hatch?

The purpose of the Hatch is to launch a Commons whose members are aligned around the defined mission to advance token engineering and support the creation and funding of Token Engineering public goods.

What is the Hatch process?

The Hatch will happen in two parts and the length of the first phase, the Hatch, is one of the parameters that will be chosen by a community vote. The length of the second phase, the Commons Upgrade, which will be determined by members of the Hatch DAO.

TEC Hatch 2-phase approach

What is the final vision for the TEC?

The Commons Upgrade includes an Augmented Bonding Curve, Conviction Voting and Disputable Voting.

What type of tooling are you using for governance?

Communication Tools:

General communications are expressed on our Forum while the day-to-day operations are facilitated through our Discord.

Decision-Making Tools:

All decisions are informed through cadCAD simulations, publicly debated through our Communication Channels, and voted upon through many of our voting modules.

Voting Tools:

While we have many different methods of voting available, we place a strong emphasis on choosing the right voting methods for each type of decision being made. These methods will evolve over time as the development of Polycentric Governance becomes further tested and standardized.

What type of Governance Decisions will I decide on during the Hatch?

At the moment, there are three main types of governance decisions that are made within the TEC:

1. Community Governance - We utilize community polling via the TEC Forum, as well as quadratic voting via the TokenLog application to signal community preferences. This process of signaling will allow the community to decide on a set of parameters to be voted on in order to initialize the Hatch DAO.

2. Smart Contract Governance - We utilize Dandelion Voting as a method to upgrade our Smart-Contracts and modify the parameters of the Hatch DAO, and to initialize the Upgrade to the Commons.

3. Funding Pool/Treasury Governance - We utilize Conviction Voting as a method to provide continuous funding and resource allocations for project proposals after the Commons Upgrade is over.

How can cadCAD be useful?

cadCAD is one of many TE Public Goods at our disposal. It allows Token Engineers to validate their designs. Validating designs currently requires more time and resources than most projects can, or are willing to commit. However, due to the open source nature of cadCAD we hope that there will be more baseline cadCAD models being built so it becomes easier to use. That said, there are other simulators, like TokenSpice, that also are important for design validation. We are tool and platform agnostic and support the use of all well-designed modeling tools.

Have all the current Hatchers been involved from the start?

No. Many of the participating Hatchers have joined at various times since the Token Engineering Commons began to take shape. We encourage any prior members who may have withdrawn from participation to get involved once again, and any individuals who are interested in becoming members to get involved ASAP! Token Engineering is a transdisciplinary field, and we are looking for contributors and researchers of all kinds to take part in this process.

Is there a limit to how much wxDAI I can co-vest into the Hatch?

The amount of funds you can co-vest in the Hatch is based on your CSTK score, and the CSTK Ratio determined by the community. In our test Hatch, that ratio is set at 2 wxDAI/CSTK. That means that if you have 1000 CSTK Tokens, you can send up to 2000 wxDAI to the test Hatch.