Regen Network: �Insights and Proposals- �request for feedback� � Tokenomics WG

May 7, 2024

Prepared with input from:

Juan Carlos Ramos, Jeancarlo Barrios, Juan Fernando Ramos and Brian Weinberg

Objectives

• Share the insights and proposals from the taskforce

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• Request feedback in document and proposals shared

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• Begin process to finalize proposal

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Agenda

1. Context
2. Assumptions
3. Challenges
4. Insights
5. Main proposal
6. Next steps in process

Gratitude to Regen Stewards

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• Discussing governance proposals in this open-access way is an INCREDIBLE testament to the fundamental and paradigm changing work that Regen PBC and network actors have already activated.

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• Strengthening decentralized networks and systems-work are emergent opportunities to enact serious change and there is no blueprint.

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Gratitude to Regen Stewards

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• Developing decentralized public goods infrastructure to build on as a broader community and redefine natural assets is something we are seeking to support in this process.

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• Building a broader community foundation and aligned economic design built for governance and regeneration is a beautiful experiment we want to support and this is why we have engaged this process.

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• We thank you for holding the space.

Context of Taskforce and Proposals

• Efforts began in Jan 2024 to inform tokenomics, economic design, and stabilize token prices through a network analysis

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• The taskforce held meetings to develop a foundational understanding for economic design and agree on approach

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• Interviews and outreach were conducted across various DAOs and key stakeholders in attempt reduce information asymmetry and explore opportunities for value generation across the network.

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Assumptions

• Economic Participation: Enhanced information access and adequate incentives are necessary to attract economic actors and investors to the network and its services.

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• Economics before Tokenomics: Understanding current economic activities and incentivizing future ones is essential for effective monetary policy, akin to federal policies on inflation and employment.

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• Regen Network Valuation: Identifying utility and value generation within the decentralized network is crucial for economic design and price stabilization.

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• Utility Expansion: Beyond eco-crediting, the network's utility includes various natural capital valuations, MRV-use cases, and investment instruments.

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Key Pillars for Economic Design

1. Sales
2. Growth (network use)
3. External Communications & Community Leadership
4. Developer Contributions
5. Project Development Support & Science Development

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These pillars are critical for enhancing the network's growth, sustainability, and impact within its ecosystem and beyond.

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Challenges

• Network actors has no defined protocol for sharing information or for how to access it

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• Assumptions of roles and network health not a shared understanding across actors

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• Information access and sharing across the Regen Network currently limited or unavailable

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• Time availability of voluntary taskforce

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Insights

• Decentralization Challenges
• Leadership Vacuum During Transition
• Inadequate Public Metrics and Shared Understanding
• Fragmented Direction, Unclear Incentives & Lacking Processes
• Engagement of actors outside the Web3 space and institutional players.

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Proposal:�Establish a Regen Network Council & Develop Constitution

• Council Formation
• Interim council, formalized until the constitution is drafted and approved

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• Accountable to token holders as mandated in constitution for network health

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• Foundational responsibility to steward constitution development and approval based on current state of network and opportunities for improving utility and usage of Regen Network as a whole.

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Proposal:�Establish a Regen Network Council & Develop Constitution

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• Responsibilities and Vision
• Responsible for understanding and tracking network's value generation as basis for crafting a strategic roadmap for implementation

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• Clear, transparent control and responsibility map for the council

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• Improve information sharing and public access to network state across stakeholders

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• Manages strategic tension between using current tools and executing a long-term vision with wider network use

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• Monetary policy to be approved and stewarded through council as a key way to align incentives and technocratic decision making

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Proposed Council Structure (for discussion)

• Proposal for Council Structure
• Five members elected by token holders

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• One-year renewable terms

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• Full control as multi-sig or group account holders over parameters

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• Existing policy documents approved via a signaling governance proposal

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Important of sequence in this proposal

• Foundational analysis of network, stakeholders and use-cases is key for how constitution is stewarded and drafted to be forward thinking.

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• Understanding the current economic state of the network is essential before developing new strategies for investment or growth – as this is the foundation for any ‘pitch’ to investors or network users.

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• Defining the avenues for better economic policy is based on better data

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• Shared understanding of longer-term objective can align stakeholder coordination and economic incentives for governance to strengthen

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Next steps

1. Feedback into proposal text

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• Meeting to discuss and align

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• Finalize proposal

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• Publish on Commonwealth