Cosmos Ecosystem Allocation

Back in our whitepaper, we stated the 3mm REGEN (wallet address here) would be allocated for “airdrop or work-lock” to ATOM holders. Our intention here has always been to reinforce mutual value with the Cosmos community and fuel the vision of the internet of blockchains. Earlier this year, 200,984 REGEN of this allocation went into an airdrop, but the rest have been reserved in case the community feels there is a better way that these tokens could be used. The space has shifted a lot since 2018 when we had said this, and there now are many other ways of getting tokens out to the community. We want to ensure the Regen community is engaged and these tokens are allocated in the most effective way to create a strong relationship between Regen Ledger as a blockchain dedicated to ecological assets and regeneration, and the Cosmos Hub, and perhaps other emerging chains as well (such as Osmosis).

In conversations with the community—and between RND, Inc. and Regen Foundation—the idea of shifting these tokens into the direct control of REGEN token holder governance feels like a good next step.

RND, Inc. and Regen Foundation both want to ensure we (as a community) are keeping faith with the spirit of the whitepaper in which this allocation was established. Therefore we propose that RND (the current steward of this wallet) makes a transfer over IBC to offer these tokens to the Cosmos Hub Community Pool, and we would add perhaps splitting this with the Osmosis Community Pool as well, in recognition of their support for the Regen LBP and their leadership in the ecosystem.

Once in control of those respective chains, those communities would be welcome to utilize and distribute these assets as determined by their community governance processes. One possible use that would be beneficial to all would be to be distributed as liquidity rewards for ATOM:REGEN and OSMO:REGEN pairs.

Other ideas are welcome that achieve the spirit of the whitepaper’s aspirations to benefit the broader Cosmos ecosystem with this allocation. What avenues might the community consider for these funds?

It should be noted that there are a few design constraints here—one primary one being that running KYC/AML for a massive number of addresses for this allocation isn’t feasible for RND, which is one reason porting this pool to Cosmos Hub and Osmosis is a compelling pathway.

This forum post is to create the space for proposals and discussion regarding how this allocation should be used, with the assumption that RND will be transferring these funds back to the community at which point a network governance vote would determine their ultimate use.

Slight correction:

When I look at that address regen1fe64cfja86k4rr8e2qrvc499dulfpxt3anuscs, I see that it has 2,799,974.509588 REGEN . So that means 3,000,000 to start (confirmed in genesis.json), then 200,025.490412 REGEN went to the airdrop and tx fees.

This could be done by putting those tokens into an LP gauge on Osmosis. Is that not feasible due to KYC/AML?

Correct. RND could not do this, but the Osmosis community could.

or maybe the Regen Network community could create a smart contract that puts tokens into Osmosis LP gauges, and then there could be a governance proposal to send these tokens to the smart contract. Then the community votes, and if it passes, those tokens get sent to the smart contract and from there to the LP gauges. Would that get around the legal issues?

Are these tokens legally the property of RND right now? Or is RND just holding the keys to the wallet, even though the assets don’t belong to RND?

or maybe there are useful uses besides giving all the tokens away…

to benefit the broader Cosmos ecosystem

Maybe some of this could go towards projects that make Cosmos and related projects more usable and more useful.

How about launching a grant programs ? Let’s divide this allocation in 3 waves of grants with 1mil each ?

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Hello, this is more something I was thinking about.
Or actually re-used the form with KYC and if you have already done it before you don’t have to do it again (just new snapshot).

But grant programs are more general in crypto.

Great idea. This can even be a combination of: grants, liquidity bootstraping etc…

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One thing worth remembering is that there already is a Community Spend Pool which is intended more broadly for community use (grants, spend proposals, etc.), governed via the token holders.

This fund has 2M Regen as well. You can query its balance via CLI like so:

regen q distribution community-pool

which shows 2160528 REGEN

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Thank you for pointing this out @corlock ! I’ve just created a new thread for discussion regarding what we’d like to fund via community grants.

A cautious legal analysis would consider this pool currently RND property.

Hey Everyone!

It does seem to me that adding some Regen to the Osmosis Gauge for REGEN / ATOM and REGEN / OSMO Pool would be a helpful move in tying together the community. I believe that no other project has added their own tokens to the Osmosis rewards gauge as of yet, and there are clearly plenty of Osmosis users that are not very familiar with Regen Network. I think this is pretty obvious when you look at the Osmosis Pool Launches we did…there was a vocal subsection of users in the Telegram and Discord groups that didn’t want to incentivize Regen Pools, and maybe even thought Regen was an outright scam.

Things mellowed out a bit with discussion and time, but this segment of Osmosis users were clearly unfamiliar with Regen Network, and unaware that Regen’s engineering team has been doing a lot of development on Cosmos itself.

I think being the first project to add their tokens to the Osmosis Gauge would be a strong move, and would stick in people’s minds, as well as just being a general gesture of goodwill.

Gregory and others did an excellent job of showing up and defusing the situation, but I believe there is a solid case for any kind of community support we can show to Osmosis, and Osmosis Liquidity Providers.

Full disclosure, I provide liquidity on Osmosis, as lots of us probably do. And I promised to do it for at least 8 months, regardless of any rewards. But I do believe it would be in the best interests of the whole community to be the first project adding independent rewards to the liquidity gauges.

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Really interesting Jared! I’m curious to learn more about this — can you share some links on this topic? I’d love to understand this better, perhaps there is some prototyping event we could run so more people can get involved…

I’m not sure there is anything written about the reward / liquidity gauges. Various members of the Osmosis team have mentioned them in chat channels at times, or otherwise spoken about them. So we know they exist, such that any Cosmos type token can be added as an additional reward to any of the liquidity pools on Osmosis.

You can see the object type definition in their github.

They don’t reference it at all in their medium articles. I just asked in Telegram now, to gain some clarity.

Have any third parties added their own token rewards to pools yet? Also, does the current frontend interface show third party tokens added to the gauge? Would it affect the APR number?

Were you interested in the gauges themselves? Or in the community perception of Regen Network? The gauges, while probably not documented anywhere, are well known to exist, and have been mentioned by Osmosis devs numerous times as being fully functional.

Obviously the social implications of adding to them are more subjective, but quite straight forward.

Okay, it looks like Akash Network has possibly added some rewards to their pools, but it doesn’t show up in the interface whatsoever is the response I’m hearing from Osmosis Telegram. Which means that any social awareness of us doing something like that would have to come from word of mouth, or us posting about it.

It’s unfortunate the interface doesn’t account for it yet, and we wouldn’t be the first people to do it, but it still would be a nice gesture towards Osmosis, and would likely get more people involved in providing liquidity for our token.

edit - One thing I’ll add, is it might be worth considering only adding rewards to REGEN / OSMO pool. I don’t LP there, so it doesn’t help me at all, but it does show a gesture of support SPECIFICALLY to the Osmosis community. And it would probably have a stronger social effect than adding rewards to both pools.

“And it would probably have a stronger social effect than adding rewards to both pools”
I don’t agree, Emeris is very important to the community, the value of the atom attracts investors all over the cosmos system, everything is linked. Emeris is a dex that should not be overlooked because osmosis is popular. Osmosis is excellent, but to drop Emeris is to shoot yourself in the foot.

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Hi CyberCygne! Welcome to the forum! I think we actually are on the same page here.

Emeris is very important to the community

Emeris is awesome! I’m super happy they exist, and to my knowledge, they don’t provide open reward gauges (yet?). Since the conversation was about adding Regen Tokens as rewards to community trading pools as a way of supporting the ecosystem, we were talking specifically about Osmosis. Since it’s public reward gauges are done, and open for being used. When Emeris / Gravity get to that point I think it absolutely would make sense to add Regen Tokens to their gauges as well.

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I use the pools on osmosis, but indeed when the reward gauges are activated on emeris I think that we need to have cash available to distribute them to them as well :wink::+1: