Austin Castellaw

In this third part, I’m going to cover utility. Utility is a subsection of the Demand side of the tokenomics equation. Even if a token has a great supply model, it still needs a good reason to exist and for people to hold it. Without those, there will be no demand for it, and no one will buy or hold it.

So what IS SourceCred?

- compensation is about incentivizing people and what we want the DAO to actually accomplish and then find the straightest line between the money and the motivation.

1) Reputation / professional networkingBy being in the flow of peer-acknowledged performance & compensation information, Coordinape gets closer to the ground truth on people’s actual skills, contributions, and expertise.

-A high value of yearn is having people take initiative and not having gated processes. An example of this is multiple private yearn telegram groups, but the problem is information was not trickling to the wider community

-Using coordinape as a performance evaluation tool and to reassess the expectations of member's contributions. DAOs can run into trouble knowing how available their members are especially if they are involved in multiple DAOs