DAOrayaki Reserach|Opolis — — The Employment Commons

DAOrayaki

9 min readNov 29, 2021

DAOrayaki DAO Research Grant：

Fund Address: DAOrayaki.eth

Voting Result：DAO Committee Yes

Grant Amount：120USDC

Category: Opolis, Trustee, Payroll Mining, Recipient

Contributor：julie@Daorayaki

Chinese Version:https://daorayaki.org/opolis/

Project Overview

Project Name： Opolis

Project Logo：

Token Details

Token Name:$WORK

Token Symbol:$WORK

Max Total Supply:There is no cap on the total amount of $WORK。

Token Contract Address:

·Polygon: 0x6002410dDA2Fb88b4D0dc3c1D562F7761191eA80

·Ethereum Mainnet: 0x1482295Df16e7761d128B9823B61785D43CA038B

·SuperWork (Polygon): 0x61a7b6f0a7737d9bd38fdeaf1d4160e16bf23043

Token Type:ERC20

Token Usage Description:

Governance and economic rights of $WORK are only available to the holder if they are also a Member of the Commons. In other words, all rights and properties of $WORK are unlocked based on Commons Membership, not the ownership of the $WORK token alone.

Members will be rewarded with $WORK for certain patronage activities (consumption, referrals, staking as part of a process called Payroll Mining) which are viewed to accrue value to the Commons.

No $WORK will be sold to the public or investors. Therefore there will be no implied price or value of a token determined by the Commons. Tokens will only be distributed as a reward for Member patronage of the Commons.

Token Usage:

All Members can:

·Earn $WORK for consumption of employment, payroll, and shared services from the Commons

·Stake $WORK to earn staking rewards (in the form of more $WORK)

·Earn $WORK by referring Employee Members to the Commons

In addition, Employee Members can:

·Earn enhanced governance rights by staking $WORK

Supply & Consensus Overview

Initial Supply ：

At launch, the Commons will mint and distribute 315,000,000 $WORK to Commons Stakeholders.

20% of the Genesis Allocation will be vested immediately except for Retroactive & Coalition Rewards which are 100% vested. The remaining will vest over a 4 year period. Vesting $WORK will be streamed to stakeholders via SuperFluid in real time. The vesting schedule is shown here:

The vested circulating supply directly following the Genesis Distribution is 27.08MM $WORK, or 8.6%. Vested $WORK held in Treasuries of the Commons or Trustee are not included in vested circulating supply.

Maximum Supply：

There is no cap on the total amount of $WORK which can be minted & distributed. However, as the Commons grows, distribution of new $WORK will diminish, based on the difficulty of reaching larger and larger % based growth milestones. $WORK is only minted and distributed when growth milestones are met.

There is no maximum amount that can be rewarded in total to any single Member for patronage.

Emission Type (General)：

Community：

52.38%, or 165,000,000 $WORK,of the Genesis Allocation is distributed to the Community. Breakdown is as follows:

·Commons Treasury: 143,300,000 $WORK. (20% Vested) $WORK held in the Commons Community Treasury All $WORK held by the Community Treasury are held in a multi-sig Gnosis Safe controlled by the Stewards.

·Stewards and Key Contributors: 6,700,000 $WORK. (20% Vested) Stewards and Key Contributors will be allocated 4.46% of the Commons Genesis Allocation.

·Retroactive & Coalition Rewards: 15,000,000 $WORK. (100% Vested) Genesis Commons Stakeholders will receive Retroactive Payroll Mining Rewards for Consumption and Referrals which occurred prior to the Genesis Distribution.

Trustee：

47.6% or 150,000,000 $WORK of the Genesis Allocation is distributed to the Trustee. The expected breakdown is as follows:

·45,903,000 $WORK to the Trustee Treasury (20% Vested)

·54,618,227 $WORK to the Founders & Team (20% Vested)

·2,697,000 $WORK to Contributors (20% Vested)

·46,781,773 $WORK to Investors (20% Vested)

Payroll Mining：

Payroll Mining is the process by which $WORK are minted and distributed to the Commons Members. As a Stakeholder Capitalism based framework, this allows for new possibilities in scaling value, as well as structural benevolence to support Member satisfaction, resulting in the long-term value of the Commons.

$WORK is minted based on the Periodic Commons Payroll Volume (PCPV) growth milestones set forth by the Commons Stewards. Growth milestones are set at $50k or 5% growth in PCPV, whichever is greater.

The initial epoch milestone is set at $200,000 PCPV, assuming $150,000 in PCPV is reached before launch.Following the Genesis Distribution, a fixed amount of 5,000,000 $WORK is minted and distributed per Payroll Mining milestone. The breakdown of stakeholder distributions for Payroll Mining milestones is:

·30% (1,500,000) Payroll Mining $WORK allocated to Employee Members for consumption

·30% (1,500,000) Payroll Mining $WORK allocated to Members for Employee Member referral consumption

·20% (1,000,000) Payroll Mining $WORK allocated to Members for staking $WORK between milestones

·10% (500,000) Payroll Mining $WORK allocated to the Commons Treasury

·10% (500,000) Payroll Mining $WORK allocated to the Trustee

Below is the $WORK distribution from launch to $1B in ACPV (~21,407 Employee Members) excluding the Genesis Distribution:

The Total $WORK Distribution, including Genesis Allocation at $20M in ACPV. Community allocation of $WORK grows to 58.9%.

Here is the total $WORK Distribution, including Genesis Allocation at $200M in ACPV. Community allocation of $WORK grows to 70.5%.

Here is the total $WORK Distribution, including Genesis Allocation at $1B in ACPV. Community allocation of $WORK increases to 74.7%.

For fun, at ~$8.3B in ACPV, 1 Billion $WORK will have been distributed in aggregate. Based on model estimates, this accounts for ~170,000 Employee Members.

Recipient Category:

·Employee Members：Employee Members are independent workers actively co-employed through the ecosystem

·Coalition Members：Coalition Members provide new Member referrals, technology and/or services to the Commons.Coalition Members must refer at least one Employee Member per year to remain active

Short description：

Opolis is a next-generation Employment Cooperative offering high-quality, affordable employment benefits and shared services to independent contractors, freelancers, digital nomads, solopreneurs and sole-practitioners.

Background：

The Commons is best described as a Digital Employment Cooperative (DEC) or Decentralized Employment Organization (DEO). The Commons provides benevolent technology-enabled administrative shared services (a.k.a. “back office services”) to its Employee Members.

These services currently include:

·payroll processing

·compliance

·tax withholding/remittance

·reporting, accounting,benefits provisioning

·administration, collective procurement, etc.

The core value proposition for joining the Commons as an Employee Member is that independent workers (solopreneurs, gig workers, contractors, etc.) have the opportunity to access low cost/high quality group health insurance, cheaper and more robust administrative services, and become an owner of the network.

Organizations and Team Member

Team Nember

l John Paller — — Founder

John is the founder of Opolis, an employment & talent acquisition industry leader & entrepreneur. He is a technology entrepreneur with almost 20 years in the talent acquisition, HR and employment space.

Twitter：https://twitter.com/pallerjohn

l Eddie Pastore — — Product Strategist

He has Extensive experience with rapid growth, VC backed company and Proven Strategic Finance & Operational Start-up experience.

Linkedin：https://www.linkedin.com/in/eddie-pastore-b330262/

Board Member

l Jonathan Kestenbaum — — Executive Director, Co-Founder & MD

Jonathan Kestenbaum has 4 current jobs including Adjunct Professor — Entrepreneurship at New York University School of Professional Studies, Executive Director, Co-Founder & MD at Talent Tech Labs, and Investor at Series Seed. Additionally, Jonathan Kestenbaum has had 2 past jobs including Founder/President at Right Fit Reading.

Linkedin：https://www.linkedin.com/in/jonathankestenbaum/

surrounding community

Governance Mechanism

Governance & Voting

As a baseline, the Commons follows a model of one Employee Member, one Employee Member vote. Employee Members can earn enhanced voting power privileges by staking $WORK. Coalition Members do not have governance rights, nor the ability to earn them. This is intentional to clearly align voting with the best interests of Employee Members and growing ACPV, while keeping the cost of services low.

In conjunction, initial governance of the Commons is overseen by a 7 person Board of Stewards (“Stewards”). In the near term, the Stewards will expand to 9 Employee Members. Stewards are appointed based on expertise and values alignment, in addition to the mandatory requirement of being an Employee Member. The initial 7 person Board of Stewards consists of John Paller (Opolis), Yev Muchnik (Launch Legal), Bill Warren (Pool-Party), Auryn MacMillan (Gnosis), Barry Goers (Merkle Mountain), Eric Arsenault (DAOstack) and Spencer Graham (Raid Guild).

Once the Commons reaches membership of 1,000 Employee Members, governance will begin to shift to the Employee Members, with limited powers remaining with the Stewards. Snapshot will be used to signal Employee Member preferences on governance proposals starting in late 2Q2021 post Genesis Distribution. Once implemented, quadratic voting will be used for Employee Member voting to ensure no sole economic voice controls the community.

Examples of proposals that may be voted on by the Members are:

·modifications to the Community Fees

·ACPV distribution schedule

·Payroll Mining Rewards, Trustee election

·Benefits selection, Feature requests

·Board of Stewards elections, etc.

OFF-chain Governance

Decentralized Employment Organizations (DEOs)

Opolis has pioneered the concept of Decentralized Employment Organizations (DEO), which combine established legal and technological frameworks. Verified members will have the freedom to participate in an infinite number of DAOs while only having to be part of one DEO. Members are vetted through employment verification requirements and will be able to operate, with KYC and AML compliance, pseudonymously throughout their entire work cycle.

Staking & Membership

Each DEO will have configuration capabilities whereby DEO founders can configure membership rules (staking, rules, voting, etc.). Staking can be calibrated to attract certain types of members and create exclusivity or openness. Staking will be done in denominations that are stable (i.e. DAI, USDC) to maintain stability of funds for members given the unknown timeline of staking. Staking may also come with rewards from the DEO depending on how the founders have configured the organization.

On-chain Governance

Voting & Governance

Voting within a DEO will exist as one member, one vote. DEOs will require that members are verified for employment via the Opolis Trustee acting as an oracle. This will rule out Sybil attacks common in anonymous networks. Opolis will also offer to DEOs integrations with existing Web3 governance protocols like Colony, Aragon and DAOStack for this implementation. As opposed to being prescriptive in governance structure, Opolis will allow for multiple variants for voting participation & governance at scale.

To ease members into decision making and to avoid voter apathy, Opolis will initially only configure voting to include proposals about:

1) benefits and features of a member’s DEO

2) constitutional changes

3) changes to the DEO<>Trustee relationship

The Opolis Trustee will initially utilize a combination of Web2 and Web3 technologies for its native technology. Over time Opolis will replace as much Web2 technology as possible with Web3 solutions.

As part of the native technology stack, key functions are:

·The Public Utility Opportunities Market

·Data Storage & Oracles

·Payroll Remittance

·Legal Services

·Shared Services

·Structural & Technological Benevolence

·Monetization & Sustainability