Reimagined Hypha Milestone proposal!

Building Bridges To Be “Ready for Growth”

Samarans are facilitating a conversation around Milestone 3 & beyond and helping the Ecosystem engage in this process.

Their goal is to collectively submit a multi-party milestone proposal that has widespread support from Hypha, Samara, and others to the co-op before new moon (Aug 8) .

The goal is not to figure our everything about Milestones by then, but:

  • Take a few steps towards alignment on what ‘Ready for Growth’ means to the Ecosystem.

  • How we can take a collective step to remunerate the work that’s already been done towards this.

The idea of splitting Milestone 3 into 3A (work already done) and 3B (work to be done) feels very resonant to many as a framework. This can help us simplify our approach to multi-party milestone contributions now, while building towards something more inclusive and participatory for the future.


For Reference - SEEDs Distribution (in million seeds)
Community Campaigns 35% (Slow Release) 1090
Hypha Milestone Completion 5% (Public Sale) 157
Hypha Members 20% (Locked) 628
Organization Partnerships (allies) 12% (Locked) 376
Ambassador Commissions / Referrals 8% (Locked) 251
Seeds Bank (D-Market Making) 20% (Locked) 628

Comments

Currently the main routes for liquid seeds to enter circulation are as follows:

  • Hypha sales
  • Coop campaigns
  • Peer swaps
  • Marketplace

There have been indications due to evolving nature of our ecosystem, where our motherly Hypha with maturing Samara and infant Explorer, wishes to distribute seeds / fiat reserves equally to allow diverse pattern to emerge, from the distribution, further tokenization and sales, that multi-party collective shall receive from next milestone.


This is actually an excellent proposition for following reasons:

  1. Hypha continues to provide technological, currency and treasury services.
  2. Samara starts sharing responsbility for fiat liquidity by evolving its capacity as treasurer, while supporting pilots and regions.
  3. Explorers get taste of this responsibility as experimental alchemist and architects pursing integrity in the game.

Suggestions

Though this effort can be further supported with push for stratgic liquidity in following areas:

  1. Giving option to seedizens, residents, visitor, intersted in liquidating half of their planted seeds.
  2. Interested alliances an option to liquidate tenth of their seeds.
  3. Hypha members an option to liquidate fourth of their seeds.

By allowing seedizens, alliances and hypha members to liquidate the seeds, shall allow liquidity to be further decentralized, with a hope these individuals shall put them into regenerative circulation, by experimentation, supporting regenerative projects and regenerators on the ground with their liquid seeds.

While token sales (from multi-party token pool) shall continue to supplement collectives fiat reserve (hypha, samara, explorer), which will ensure trust, reliablity in peer swap remains strong in terms of fiat liquidity and seed price, despite strategic liquid push.

This additional liquidity shall stimulate new transactions, use cases, gifting patterns to emerge around information and knowledge services that alliances could leverage, or could offer to seeds members, as well as liquidity with peer for supporting regenerative projects thus beginning a new round of engagement, experimentation, gifting etc.


Please share your thoughts, insights, contribution to this discussion on how to push liquidity to foster circulations, transactions which will create meaningful engagement on the ground!

This was the Milestone Proposal presented today. (Recording)


Some of the key words that sticks out for me are as follows:

  • Participation
  • Budgets
  • Rounds
  • Revenue
  • Tokens
  • Roundtables
  • Alignment
  • Gratitude

Comments

To have a productive conversation around Milestone 3 & 4 (39 million seeds each), we must put some numbers in prespective. Starting with following:

Hypha Growth & Treasury Burn Rates
Liquid Treasury (HUSD) $844,401
Monthly Expense (HUSD) $326,219
Months Remaining 2.59

Above table (21st June 2021) indicates Hypha is burning through cash reserves at rapid rate and current reserves can support it only for a quarter. Meanwhile Hypha Members during this duration, through their contributions and assignments have earned approximately 215 million seeds, which are locked in escrow.

Thus for the viablity of the entire ecosystem, we must take a serious look at not only 78 million from Milestones, but also 215 million seeds in Hypha members Escrow, followed by considering more daring proposition of Great Reset:

  1. With lower cost of seeds.
  2. Lower amounts each individuals can buy each month.

This should ensure we distribute liquidity amongst as many people as possible and at a price point they can afford, offsetting inequity that has built up.


Previous Fund Raising and Seeds Issuance Cycle

Each round was for 1,000,000 seeds, issued by Hypha, which they had received from their Milestone (1&2) distribution upon seedizens vote. Below is the table demonstrating how much USD was raised during each round respectively. From rough calculation it appears $2,487,483 was raised over 65 rounds.

Rounds USD/seeds seeds/USD Issue Date Closed In AmountRaised
01 $0.011 90.9091 08/05/20 21 $10,999.999
02 $0.011 88.0049 08/26/20 12 $11,363.004
03 $0.012 85.1935 09/07/20 17 $11,737.985
04 $0.012 82.4720 09/24/20 6 $12,125.327
05 $0.013 79.8373 09/30/20 2 $12,525.474
06 $0.013 77.2868 10/02/20 5 $12,938.820
07 $0.013 74.8179 10/07/20 6 $13,365.785
08 $0.014 72.4278 10/13/20 3 $13,806.853
09 $0.014 70.1140 10/16/20 1 $14,262.487
10 $0.015 67.8742 10/17/20 13 $14,733.139
11 $0.015 65.7059 10/30/20 1 $15,219.333
12 $0.016 63.6069 10/31/20 5 $15,721.565
13 $0.016 61.5749 11/05/20 10 $16,240.384
14 $0.017 59.6078 11/15/20 1 $16,776.328
15 $0.017 57.7036 11/16/20 14 $17,329.941
16 $0.018 55.8602 11/30/20 0 $17,901.834
17 $0.018 54.0756 11/30/20 13 $18,492.629
18 $0.019 52.3482 12/13/20 1 $19,102.854
19 $0.020 50.6759 12/14/20 16 $19,733.246
20 $0.021 47.4898 12/30/20 4 $21,057.153
21 $0.022 45.9727 01/03/21 3 $21,752.040
22 $0.022 44.5041 01/06/21 1 $22,469.840
23 $0.023 43.0824 01/07/21 6 $23,211.335
24 $0.024 41.7061 01/13/21 7 $23,977.308
25 $0.025 40.3738 01/20/21 1 $24,768.538
26 $0.026 39.0840 01/21/21 8 $25,585.918
27 $0.026 37.8354 01/29/21 1 $26,430.274
28 $0.027 36.6267 01/30/21 6 $27,302.487
29 $0.028 35.4566 02/05/21 1 $28,203.494
30 $0.029 34.3239 02/06/21 6 $29,134.218
31 $0.030 33.2274 02/12/21 6 $30,095.644
32 $0.031 32.1659 02/18/21 2 $31,088.824
33 $0.032 31.1383 02/20/21 3 $32,114.791
34 $0.033 30.1437 02/23/21 4 $33,174.428
35 $0.034 29.1807 02/27/21 4 $34,269.226
36 $0.035 28.2485 03/03/21 3 $35,400.110
37 $0.037 27.3461 03/06/21 3 $36,568.286
38 $0.038 26.4724 03/09/21 4 $37,775.192
39 $0.039 25.6267 03/13/21 5 $39,021.801
40 $0.040 24.8080 03/18/21 3 $40,309.578
41 $0.042 24.0155 03/21/21 8 $41,639.774
42 $0.043 23.2483 03/29/21 5 $43,013.898
43 $0.044 22.5056 04/03/21 3 $44,433.385
44 $0.046 21.7866 04/06/21 6 $45,899.773
45 $0.047 21.0906 04/12/21 0 $47,414.488
46 $0.049 20.4168 04/12/21 9 $48,979.272
47 $0.051 19.7646 04/21/21 2 $50,595.509
48 $0.052 19.1332 04/23/21 4 $52,265.173
49 $0.054 18.5220 04/27/21 6 $53,989.850
50 $0.056 17.9303 05/03/21 4 $55,771.515
51 $0.058 17.3575 05/07/21 5 $57,611.983
52 $0.060 16.8030 05/12/21 1 $59,513.182
53 $0.061 16.2662 05/13/21 7 $61,477.174
54 $0.064 15.7466 05/20/21 0 $63,505.773
55 $0.066 15.2437 05/20/21 6 $65,600.871
56 $0.068 14.7567 05/26/21 1 $67,765.828
57 $0.070 14.2853 05/27/21 6 $70,002.030
58 $0.072 13.8289 06/02/21 3 $72,312.331
59 $0.075 13.3871 06/05/21 7 $74,698.777
60 $0.077 12.9594 06/12/21 6 $77,164.066
61 $0.080 12.5454 06/18/21 0 $79,710.491
62 $0.082 12.1446 06/18/21 6 $82,341.123
63 $0.085 11.7566 06/24/21 7 $85,058.605
64 $0.088 11.3810 07/01/21 9 $87,865.741
65 $0.091 11.0174 07/10/21 - $90,765.516

Reference

Hypha Budget Sensing Dashboard
SEEDs Master Economic Mapping

  • 200 Accounts hold 50000+ seeds
  • 300 Accounts hold 25000+ seeds
  • 500 Accounts hold 10000+ seeds

While majority 6000+ accounts hold less than 10000 seeds, unable to find out the average holdings amongst those accounts.

image

Questions:

  • What is the seeds distribution pattern currently in the ecosystem?
  • What does that mean in terms of circulatory transactions?
  • What should economic participation look like?
  • What is truly decentralized bottom up economy?

Reference:

Token Seeds 500 Top Accounts