FC#65 Town Hall A

Jan 2, 2024 at 00:00:00

JuiceboxDAO Town Hall Meeting Summary

Main Discussion Topics:

  • Transition to project-based budgeting and its impact on small improvements.
  • Future plans and updates regarding Juicebox.Money (JBM) and associated projects such as Bananapus, Defifa, and RevNet.
  • Strategies for better communication of project branding and ensuring clarity among community members and potential users.
  • Reassessment of reserved rate allocations in light of the buyback delegate.
  • The potential role of JBX governance token in future JuiceboxDAO activities.
  • Ideas for community engagement, particularly around airdrops.
  • Discussion about project branding, particularly the distinct branding of Bananapus and Defifa versus an overarching Juicebox branding.

Detailed Discussion Summaries:

Transition to Project-Based Budgeting:

  • Members discuss the positives and challenges of project-based budgeting.
  • The process favors larger, encapsulated project funding over smaller, continual improvements.
  • Suggestions on how to accommodate smaller updates within a project-based framework.

Future Plans for JBM and Associated Projects:

  • Updates on the progress of Bananapus and RevNet, including development and planned activities.
  • Bananapus is seen as an experimental version of the Juicebox protocol with a distinct name to allow risk-taking and innovative use.
  • RevNet is mentioned as having the potential to become a significant narrative within the Juicebox ecosystem.
  • Discussions on how to best showcase the projects built with Juicebox.

Reserved Rate Allocations and JBX Token:

  • Considerations on how reserved rate allocations should be managed with greater funds flowing through the buyback delegate.
  • Debate on whether reserves should be strategically used or whether proposing a direct allocation of JBX from the multisig could work better.
  • The potential of veJBX as a tool for mitigating risks related to governance power concentration.

Communication and Branding Strategies:

  • Concerns about the possibility of confusing new users with multiple brands like Bananapus and Defifa.
  • Suggestions to leverage the established Juicebox brand for better clarity while still allowing project individuality.
  • The specific naming of Bananapus and its relation to Juicebox branding is discussed in depth.

Community Engagement and Airdrops:

  • Ideas on using airdrops as an engagement tool.
  • Discussion on how to effectively use the reserved JBX for community rewards.
  • The potential benefits and drawbacks of distributing JBX directly to those who participate in governance votes.

Project Branding:

  • Bananapus is internally recognized as the equivalent to Juicebox v4, operating on L2 with added features.
  • Defifa operates as a standalone project and can be presented with or without direct association to Juicebox branding.

Merchandising Proposals:

  • Possibility of creating Juicebox-themed merchandise as a means of promotion and engagement.
  • A practical demonstration of setting up a store connected to Juicebox for dropshipping.

Closing Thoughts:

  • The need for a centralized communication strategy to effectively promote Juicebox and its associated projects.
  • Encouragement for contributors to engage on social platforms for narrative building.
  • Suggestions on future steps for developing and marketing Juicebox-themed merchandise.

Conclusion:

The town hall touched on several important aspects regarding the future of Juicebox and related projects. There's general consensus on the potential benefits of project-based budgeting and the need for strong communication and branding strategies. The role of JBX as both a governance and economic token was repeatedly underscored, with discussions on leveraging airdrops and merchandise as means of community engagement and promotion.