The first token streaming protocol on Cardano. Pay salaries, vest tokens, and distribute rewards โ slot by slot, every second, funds flow. ๐
DMs open!
Thank you @SIPO_Tokyo snd @JaromirTesar for your comments on our proposal.
As announced, can you please DM us your address to receive the incentives.
We really appreciate your time and commitment.
@Cerkoryn@DripDropz_io@TosiDrop Also to follow up on what our intern wrote:
Nula doesn't compete with DripDropz or TosiDrop, in practice, they could implement Nula into their product for specific use cases (where the distribution needs to be on-chain and auditable for any reason).
@mattpiz@Cerkoryn@DripDropz_io@TosiDrop (2/2) The rest of tasks includes off-chain infrastructure, such as Frontend, Ticker-bot and SDK. We have it all clearly broken down in the proposal. https://t.co/OuhvMqVeNJ
I know it's a lot for DReps, but we really appreciate all actionable feedback.
@mattpiz@Cerkoryn@DripDropz_io@TosiDrop (1/2) Thank you for the question!
We have estimated around 14 weeks for the development of the smart contract, this includes not only writing it, but also testing on testnets and be ready for the security audit (the contract won't be upgradable, so we cannot afford to rush it).
@Cerkoryn@DripDropz_io What we're trying to do is technically possible even without CIP159. We have a working prototype, this is not theoretical.
The added value is that the stream is on chain and without need for a custodian.
This is why we define a non-extractive proposal if the maintenance of the product or protocol costs less than $1k yearly (or is being funded by its operations) and doesn't need to approach the treasury to fund its continued operations.
@JBriggsLondon@IntersectMBO One thing Iโd love to see be considered in budgeting generally - once integrations are done whatโs the true cost of maintaining them. Natively, people get excited about hype of first news but then forget someone needs to continue servicing theseโฆ
All protocol fees flow back to the Cardano network. See the following calculator below to model expected daily and cumulative revenue, and how quickly a treasury investment in Nula potentially pays itself back through transaction fees. ๐ธ๐ซฐ
https://t.co/oMkevG6YDZ
๐๏ธ Introducing DRep review incentives
Reviewing treasury proposals takes real time.
To recognise the DReps who engage seriously with ours and help make it better, weโre giving 100 ADA to DRep whose feedback leads to a concrete improvement, paid at the end of the review period.
Don't forget to check out our FAQ, we're actively adding the community questions there.
https://t.co/jouC09yeC9
Thank you for engaging on this proposal, it helps us to make it better for the voting period.