The Future of Reaper

Compensation

This is the first time the Reaper squad has formally discussed compensation, so I’ll start with that. These amounts will be flexible and based on performance, and will be paid out once per month after our first bi-weekly meeting.

Finance

Though we have plans to set up a value-cost-averaging system, we’re starting off with simple % treasury allocations to diversify and solidify our finances.

Upcoming

Now that Alpha is behind us, we can look toward the future. We’re excited to start Research & Development so that we can better fulfill our community’s financial needs. Here’s a list of items that we will be working toward in the coming weeks/months:

Reaper v1

We will add new crypts at a rate which will allow us to maintain our v2 workload. This means getting picky about whose projects we add, and each will be thoroughly vetted. Right now, we have plans to create Stableswap strategies in preparation for Hoop and Curve incentives, and are also excited to add Tomb and Aquarius support as soon as it’s reasonable to do so. Keep in mind none of these plans are set in stone until the crypts are live.

Reaper v2

We’ve begun specification of the Reaper v2 system and are coming up with many ideas. We need to spend a lot of time figuring out what it can/should do, as well as what it can’t/shouldn’t. After that, we’ll start designing interfaces and then build up functionality from there.

Governance

One of the big things we have on our mind is governance. Our goal is to be completely decentralized such that the entire team could be wiped out and Reaper will keep chugging along as if nothing happened. We don’t plan on reinventing the wheel, and will probably settle on some implementation of Compound’s Governor Alpha contract. Expect more detailed plans in the next bi-weekly update.

Conclusion

I hope this was helpful to you all!

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Justin Bebis

Justin Bebis

Smart Contract engineer focused on high-performance blockchain networks