Summary of Jango — Allocating Treasuries

00:00:00 - 00:30:00

Django discusses the Juice Box Protocol, a system for allocating treasury funds for decentralized projects. He introduces the concept of "soul-bound tokens" and argues that over-indexing on this strategy can lead to legal issues. He also shares his thoughts on the JuiceBox community and how great it has been so far.

• 00:00:00 In this video, Django discusses the benefits of Juicebox Protocol for projects that want to quickly fundraise money. Django also introduces herself and talks about her work on Juicebox Protocol.
• 00:05:00 The Juice Box Protocol allows projects to allocate treasury tokens in order to rebate users who contribute ETH. These tokens can be used to pay for costs associated with running the project, such as server and database costs, and future growth is incentivized by keeping prices low for users. If a user no longer wishes to support a project, they can request their excess tokens be refunded.
• 00:10:00 The Juice Box Tao video discusses how the Juice Box protocol can be used to allocate treasury resources. Discord users are encouraged to watch the video to learn how to allocate treasury funds effectively. The Juice Box protocol has three levers that determine how funds are allocated. These levers are adjustable on a per funding cycle basis, and both the issuance rate and the discount rate should tend towards neutrality over time. Education is important for newcomers to the ecosystem, and projects should communicate risks and rewards to contributors.
• 00:15:00 The video provides an articulate explanation of how the dao's immune system works, which is the willingness of current contributors to accept new contributors and encourage new contributors while also flaring up and becoming inflammatory when there is something new to be dealt with. This explains how the wag me studios project, which is a project that runs on the juicebox protocol, was able to manage payments to three people, including Mios Sage and Bertulla, who created the banny character and do a lot of the cultural elements that we've come to associate with juicebox. However, because juicebox is a customer of the dao, juice box dowd was not obligated to own the banny brand and instead allowed it to become known as juicebox. This leaves room for others to come in and create similar aesthetics that build off of what's currently there, as was the case with the front end contributors and the community management contributors. The video concludes with a question about how the dow decides who gets funded, and it doesn't always work out as expected.
• 00:20:00 The video discusses how Juice Box, a decentralized autonomous organization, allocates treasury funds in a governance cycle that matches the time frame of its funding cycles. Shadow contributor Jiggly Jams and PHillip helped to automate the process.
• 00:25:00 Jango discusses the pros and cons of using soul-bound tokens in order to avoid legal issues. He argues that over-indexing on this strategy can lead to a "fever" that is not necessary and that lawyers are not understanding the core thesis of the soul-bound theory.
• 00:30:00 In this video, Django talks about how the novel types of organizations that will be created due to some of the simple rules that JuiceBox makes will be an opportunity as well as a problem. He emphasizes the importance of transferability and reminds the audience that there are trade-offs with any new technology. He also shares his thoughts on the JuiceBox community and how great it has been so far.