Community fund on nns

Why does it have to be irreversible? Why was it deployed before explanation?

This all seems poorly executed

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@lara has responded back here

& i have asked for clarification there.

Any news on this? Documentation?

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Not really. You wil find some vague info, but there it ends for everyone.

At this point, I have to conclude that no one at Dfinity seems to know what the exact functionality is supposed to be ; with the possible exception of Dominic and Lomesh.

Dominic because he was the original tweeter & Lomesh because I read some reference to the community fund in one post.

For reference: the tweet from Dominic was on September 24, 2021. It’s amazing that nearly 4 months have passed since the time I got excited about this.

It might be useful for Dominic or Lomesh to detail the vision. It is also important to note that @lara stated in some other post that the change would be reversible even if the ui says that the change is irreversible.

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There is some misunderstanding. @lara said that before they finish setting up this function for community use, they will give the opportunity to reverse the decision for those who accidentally activated “Community fund” flag for their neurons. After that, the decision will be irreversible.

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Appreciate your question and your patience on this topic.

The key goal for the community fund is to enable neuron holders to help bootstrap the IC ecosystem. There is currently ~ $9 bn of value staked in neurons and we are exploring the opportunities to bring a subset of this liquidity to the IC ecosystem projects. We are deliberating multiple pathways where this could be possible. For instance, the community neurons could potentially be locked inside the liquidity pool and help contribute liquidity to a DEX or say participate in SNS decentralized auctions.

Over the next few weeks, as we get ready to submit a proposal on this topic, we will start collaborating more closely with the community and map out the most viable approaches for the community fund. Thank you again for your patience.

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@ld-dfn1 thanks…but what was this? I

Screenshot displays 145,462 ICP.

" ALSO: the DAO controlling the network now has a Community Fund that will swap ICP for the governance tokens of promising …dapps"

Sounds kind of cool? I think? Which are these promising dapps?

Can you link the proposal?

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When the reverse option for the community fund will be available to the people? It was said on this forum that there would be a reverse option, but no action so far i know.

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There is no date for this implementation. I’m also waiting for this. I’ve stopped merging maturity and topping up my neurons because of this. Hope it will be added soon.

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Thanks, the same thing happened to me. by accident I attached my neuron, when the decision can be reversed approximately. I appreciate your work and contribution to the paradigm shift.

We are currently working on how the community fund works and estimate that it will become active earliest in Q3 of 2022.
As already promised, if you have accidentally activated the flag, there will be a time period where you can revert this choice. Note however that currently having set the flag does not have any effect on your neuron: you can vote and get rewards as with any other neuron.

So to address your specific question: I am not sure yet when exactly the decision can be reverted, but this will be defined in time. As the actual change is still a bit away there is still enough time to allow users to make this change.

I am also happy to share that @bjoernek will lead this feature going forward!
So he will probably be the person sharing future updates and the best person to answer further questions!

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Thank you very much

Obtener Outlook para iOS

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Any news? I join with all my icp in the community fund

Do you have any clue what you have done? Beceause no one else knows exactly even the dfinity team what the community fund exactly wil do.
Not a smart move at all…

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I join into community fund, but no one know how work… also the team dont know nothing… im a icp maximalist… i hope news arrive

I hope for you and a lots of other people that made such a huge commitment to the internet computer for staking 8 years and so on, that they wil be treated like they deserve.

1.) Make the reverse option asap for those who want to exit.

2.) Give EXACT details what people can expect in return / what risc’s they are taking by committing to the community fund.

So simpel it can be, im committing my self to keep on complaining in the name of justice until Dfinity does the right thing. I have al the time in the world.

Adios

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Any progress yet for reversing the community fund? Its in a bit Q3 2022 and we are still being let down…

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i was also in need of undoing my ICP. I joined the crowdfunding for one of my Nerons. but then mistakenly clicked on the 2nd Neron so was hoping to get it back