Proposed by Ray Raspberry, Y-Foundry Contributor

Summary

Y-Foundry revolutionizes project funding and asset escrow through a trust-less, automated smart contract platform operated by the Y-Foundry community.

Approval of this proposal will provide funding to develop an expanded governance framework on the Y-Foundry platform allowing $LUNA to be used for Y-Foundry DAO governance on Terra. $LUNA holders will be able to participate as members of Y-Foundry using their $LUNA tokens.
Also included in the proposal is funding is business development support to mentor and on-board 15 projects / proposals through the Y-Foundry Community Support / Funding system on Terra from idea through the development phase.

Objective

To integrate the LUNA token within the Y-Foundry smart contracts and UI to allow $LUNA to be staked for Y-Foundry governance permissions and for participation of funding proposals on the platform.

Funds Breakdown

31,818 LUNA - 2.5 months Smart Contract Refactoring + Testing ($17,500 USD at $0.55 per 1 LUNA) 15,454 LUNA - 2 Month UI/UX Development ($8,500 USD) 13,500 LUNA - On-boarding and promotion support for 15 project proposals

Methodology

Token Whitelisting

Locked LUNA Funding and Governance Mechanism

Token Pool Monitoring

Milestones

Milestone details are available on Agora due to limitations of text in on-chain proposal submissions.

Detailed Summary and Deliverables available on Agora:

https://agora.terra.money/discussion/12187-yfoundry-dao-proposal-luna-integration-into-yfoundry-governance