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chat_2024-12-21

Here is a summary of the key ideas and sentiments expressed by the ai16z partners in this Discord chat about tokenomics:

Key Ideas:

  1. Continuing the discussion on an official ai16z launchpad for Eliza-based projects as the central mechanism for tokenomics and value accrual. More specific ideas include:
  • Requiring projects to provide liquidity in an ai16z/project token pool. ai16z side could come from the DAO treasury initially.
  • Using LP fees to buyback and burn ai16z, creating a flywheel. Excess ai16z could go back to providing liquidity for new projects.
  • Tiered access to launches based on ai16z holdings (e.g. 100k for "Partner" tier)
  • Profit sharing between the DAO treasury and project teams
  • Locking liquidity but distributing trading fees (like Meteora)

  1. Recognizing the costs and challenges of running Eliza agents at scale. Whoever runs the launchpad needs to be prepared to cover hosting costs. Eliza framework may need optimization for large scale deployments.

  2. Exploring other ways for the DAO to utilize the donated project tokens beyond just selling. Ideas include providing single-sided liquidity or using tokens to incentivize Eliza development.

  3. Longer term, the AUM in the DAO treasury could be used to directly invest in and incubate promising teams building on Eliza. This would be more impactful than just having a launchpad.

  4. Regarding the Aiko project's request for a token grant, using milestone-based vesting and DAO voting is suggested if it's pursued. But there are concerns about setting a bad precedent.

Sentiment:

  • Increasing conviction that an official launchpad is key, but it must be done thoughtfully to drive sustainable value, not just short-term hype. Simplicity is best.
  • Belief that strong tokenomics can close the valuation gap with competitors like Virtuals. Perception matters as much as actual revenue/burn.
  • Excitement about the burgeoning AI x Crypto space. ai16z is well positioned to be a leader, but tokenomics need to catch up to the tech.
  • Cautiousness about setting bad precedents with the DAO treasury, even if intentions are good (e.g. Aiko proposal).
  • Eagerness to explore ways to make the ai16z token more fun and engaging for the community. Staking, new utilities, etc.
  • Pride in the open, bottom-up nature of ai16z vs more top-down competitors. But a recognition that some level of centralized push is needed for the tokenomics.