Coordinape: Open for GIVEing

Coordinape: Coordinape is a web3-native compensation tool that spun out of the Yearn ecosystem. To quickly summarize, it’s a peer assessment-based tool where contributors can allocate “GIVE” tokens to their colleagues based on the amount of work they’ve done over some period of time. At the end of the round, users split the pool of funds pro-rata b... See more

Coordinape is a decentralized, pro-social recognition tool that moves recognition from leaders to teams. It works by allocating tokens to each participant, who award them to their peers during 'epochs'. At the end, an individual's proportion of tokens is converted into their proportion of financial rewards allocated from the treasury. There are man... See more

Coordinape is the darling of the ecosystem right now and rightly so - it represents many of the best elements of Web3, decentralization and is a true digital native solution.

Decentralized treasury spending lets contributors select team members they’ve worked with, allocate points to members, generate a contributor graph, and get paid based on their contributions. This is exactly how Coordinape from Yearn is designed to work. 

-Yearn started just doing grants or gifts for contributors after they did great work. Some studies have shown that financial incentives can inhibit creativity. Coordinape is based on the gift economy where every month there is a budget and the members receive give tokens which they can give to people and people receive compensation based on those g... See more