Introduction
MaiaDAO has recently launched Hermes V2, introducing new features and improvements to their ecosystem. To support the growth and expansion of the Hermes network, AraFi is introducing the ARAFI x HERMES GAUGE BOUNTY PROGRAM.
This initiative aims to engage the community in contributing to the expansion of the Hermes ecosystem. By incentivizing dedicated community members to help acquire new partners, we hope to foster continued growth and development within the Hermes network.
Objective
To leverage the existing community in expanding the Hermes ecosystem by incentivizing the addition of quality gauges to Hermes V2.
Program Details
- Funding: 1000 ARA donated by AraFi to the MaiaDAO BD treasury
- Reward Structure: Up to 200 ARA per additional gauge added to Hermes V2
- Duration: 1 month
- Participant Cap: 5–7
Application Process
- Community members submit a short application demonstrating
- Understanding of the MaiaDAO and Hermes ecosystem
- Communication skills and alignment with MaiaDAO branding
2. Selection criteria: MaiaDAO BD
3. Selected members gain access to a private Discord channel
Program Structure
- Onboarding:
- Provide educational resources on effective partnership outreach
- Guidelines for approaching and vetting potential partners
2. Tracking and Attribution:
- Implement a system to track member contributions
- Attribute successful gauge additions to specific members
3. Reward Distribution:
- Tiered reward system based on impact and complexity of added gauges
- Distribution at the discretion of the MaiaDAO BD team
Quality Control
- Emphasis on quality-driven protocol interactions
- Alignment with MaiaDAO communication and social branding
- Proper vetting process for potential partners
Metrics for Success
- Number of new gauges added
- Total Value Locked (TVL) increase
- Bribe APRs
Community Engagement
- Regular updates to the broader community on program progress
- Community voting on proposed partnerships / gauges
Future Scalability
- Potential for additional ARA rewards for future programs
- Expansion of participant numbers based on success
Risks
Community outreach is below standard and could negatively affect MaiaDAO eco branding and positioning
