Octant is a platform for experiments in decentralized governance that reward participation. Stage one explores sustainable models for community-funded public good projects.
We are building Octant to advance the understanding and practice of decentralized governance, promote community engagement, and support public goods projects in the Ethereum and Web3 ecosystems.
Initially it is intended for the community of GLM token holders, but all are welcome. Note that GLM tokens are required for locking.
Lock at least 100 GLM with Octant to earn user rewards in ETH. By the epoch's end, your rewards will be determined by a weighted average: the longer your tokens remain with Octant, the higher your rewards. After the epoch, you can withdraw your earned ETH or allocate it to shortlisted public good projects. Donations are further boosted by matched funding, maximizing their impact.
No. You retain full control of your tokens.
Golem Foundation has staked 100,000 ETH from its treasury, allocating a portion of the staking yield to Octant.
The Golem Foundation’s mission is to bring value to the GLM ecosystem, and Octant is one project produced as part of that mission.
That might depend on your jurisdiction, but GLM is widely available on most exchanges, decentralised and otherwise.
Initially the Golem Foundation will take the lead by setting some basic eligibility criteria while seeking community input for project suggestions. Ultimately the process will be completely community-driven.
Octant will evolve in stages into a governance tool for decentralised projects. Wildland will probably be the first project to govern itself using the lessons learned for the Octant experiments.