Stumbled upon UMA’s KPI Options, and I think it’s a great way to incentivize members
KPI Option Overview
WHAT IS IT?
Using UMA’s Expiring Multi Party (EMP) contract template, any project can create an incentive mechanism which offers rewards to their targeted community in exchange for the community’s support in helping them achieve their Key Performance Metrics (KPI).
At a high-level, KPI options are synthetic ERC20 tokens that can be redeemed , but only if the project hits it’s predetermined KPI targets before expiry…
Every community member airdropped these KPI options, becoming (literally!) vested in helping the project succeed on its Key Metrics, as the token grows more valuable as the target approaches. This provides powerful incentive alignment between the protocol and its community.
I could imagine a test with the #growth group - charge a KPI token with DOUGH, drop it to selected participants and let them work together to reach the goal. I don’t know the detail of the KPI token ie. could you also bind it to “new unique oven users” or some other more “softer” goals?
Anyways, yay or nay for more research on this one?
- Can’t spell KPI without PIE, Yay