Try the app out at app.hedgey.finance/contributor-rewards

Over the last 3 months, we’ve been working with ShapeShift, DAOhaus, and Raid Guild to create a simple way for DAOs to include locked tokens as part of their monthly compensation to core contributors. Today, we’re making it available to everyone.

The problem:

Compensating contributors is typically done in one of two ways; contributors are paid in stablecoins, unlocked native tokens, or a combination of the two. Typically, paying contributors in stablecoins doesn’t drive long-term mission alignment. On the flip side, paying contributors in unlocked native tokens creates its own sets of issues, as senders and recipients are forced to navigate unclear expectations of how and when tokens should enter liquid markets.

The Hedgey Solution:

Hedgey lets DAOs add locked tokens to their token distributions. These tokens can be allocated to any wallet address, locked for any amount of time, and executed across multiple recipients in a single transaction.

With solutions such as Coinshift, Utopia, and Superfluid creating incredible systems to manage primary payments, we see an opportunity to integrate an extra layer of locked token compensation that can be paired with unlocked, streaming, and collaborative compensation models already in place. We believe the hybrid compensation model created by combining liquid payments with locked, earned tokens creates a powerful mix of short-term stability and long term mission-alignment from DAO contributors.

Why it’s more than just locked token compensation

As you see above, recipients of locked tokens receive NFTs that represent their ownership of locked token positions. These NFTs are redeemable for locked tokens anytime after the unlock date. They can be set to transferable or non-transferable, incorporate unique Snapshot voting strategies based on your needs, and grant recipients access to a multitude of NFT gating (i.e. Discord gating), permissions, and access.

As we’ve seen from ShapeShift and DAOHaus, locked tokens represented by NFTs create a unique culture for token communities. They act as a visual signal for a projects biggest supporters.

DAO Case Study

ShapeShift

• ~3.4M $FOX (>$225k)

• 31 contributors

• 143 NFTs

• on Gnosis Chain & Ethereum Mainnet

DAOhaus

• ~18k $HAUS (>$150k)

• 29 contributors

• 90 NFTs

• on Gnosis Chain

Want to explore adding Hedgey locked tokens to your compensation mix?

Reach out here through this form.

Or grab some time for a demo here.

Want to collaborate?

Our goal is to create a locked token layer that can help decentralized teams prosper. We’ve built to optimize integrations into other applications. If you are a payment solution, token distribution solution, treasury solution, or have an idea for collaboration, reach out to us and let’s build something incredible. Fill out this form and we’ll be in touch!