Q1 2024 in Review

DAO Steward(s): All types of the network stakeholders engage effectively in the $REGEN tokenomics development

Metric: QAU + breakdown by stakeholder type

Environmentalists / Eco Activists – I guess only these kinds of people participate in the group (~15-20 were active over a quarter), and recently we’ve got a person from epa.gov to apply (inspiring! haven’t seen any engagement though)
csDAOs – so far Bryan Weinberg (Foundation for Regeneration), Will Masters (Ogallala) and Berk Sohto (Earthist) participated actively. I’ve been on the csDAO program call, though the people I’ve spoken to weren’t csDAOs with stake. Having them is important as recently their reward had been ~50% slashed with an inflation params proposal passed
DApp Developers – we frequently have Jeancarlo (ex-SDK). Also sometimes reps from other Dapps in the group (like KlimaDAO), but not actively participating. I’d say the situation here is dire as I know no other developers interested in building on Regen. There were 2 suspects, 1 of them shared concerns with me regarding whether it makes sense.
Impact Investors – besides Foundation or RND (which are the biggest holders AFAIK), there’s also Cerulean which helped to kick off this group, but apparently are not finding the time to participate in free discussions (hence the proposal below). I’m also coming to https://katapultfuturefest.com/ to speak more with this kind of audience, also organizing an event there on regen/web3/refi is a possibility (pls indicate interest or support to join this)
Speculators (degens, market makers) – can’t say I know real degens here, nor I am myself. Their feedback might be interesting on how they are perceiving the opportunities around Regen Network. Probably there are more interesting altcoins, might be a reality check.

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Key insight – the format of the call does not fit the need to engage all stakeholders and there’s not much activity in chat or commonwealth. Potentially some stakeholders (like investors or regulators) should be engaged individually with a clear request. Public calls can be translated into open monthly calls and working groups dedicated to specific proposals.

Environmentalists: (eco-activists) associate $REGEN with public eco network/ledger and ecological health overall

Metric: $REGEN token mentions in x, conferences etc, sentiment

EthDenver – meetup results + what happened there? will be shared on a community call
X – There’re a few authors who love $regen, and say it is undervalued, but have low subs/reactions. Besides that – validators updates and faucet requests (like half of the feed). These are some tweets I’ve found curious

https://twitter.com/RayRaspberry1/status/1742941825315242242

https://twitter.com/marcusdruen/status/1755611541603487832

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Not sure how well X represents the target audiences, e.g. if eco-activists or impact investors follow $regen. Degens are there for sure and the feedback is mixed. Some people give suggestions but conversations are not getting a lot of traction. It’s good to see posts from Cerulean and csDAOs, but it’s a rarity.

csDAOs (as local, indigenous, academic communities): issue eco credits and attract resources

metric: # of methodologies/ $ funds acquired

New methodology https://medium.com/regen-network/indigenous-led-group-launches-cutting-edge-biocultural-jaguar-credits-ac981c74c37a

https://carbon-pulse.com/268344/

Untitled indicates around $55 in on-chain sales this year (if I counted correctly)

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I guess there might be more sales OTC, as Jaguar eco credits weren’t shown in the spreadsheet. Though numbers are very low compared to the market size, mostly we compete in niche credits long tail.

DApp Developers: launch complementary applications on the $REGEN ledger

metric: # of apps

2 apps managed by RND: Registry and Marketplace (AFAIK)
2 people pinging test tokens faucet
2 ledger forks https://github.com/regen-network/regen-ledger/forks?include=active&page=1&period=6mo&sort_by=stargazer_counts
2 suspects who could move to the platform, but are far from the materialization

Impact Investors: hold $REGEN as a part of their portfolio

metric: # of web3 funds with #REGEN in mix

I guess there were no updates on significant purchases

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with the price going from 9c to 5c this quarter the only favourable messaging about it – is it’s discounted and the network should be worth X times more than $5M. But no growth metrics could support that now.

Speculators (degens, market makers): lend to the $REGEN liquidity pools

Metric: liquidity pool capacity in the dollar value

$REGEN/$ATOM https://app.osmosis.zone/pool/22 – $20k, 2% APR
$REGEN/$OSMO https://app.osmosis.zone/pool/42 – $110k, 0.3-4.65% APR
All pools: https://info.osmosis.zone/token/REGEN
Not sure how to check the params at the start of the year, from memory there was ~$200k total, so it seems to have decreased significantly

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Even with inflation reduction the liquidity seems to be finishing soon. Then the $REGEN token will transform into a governance token without liquidity. APR % is lower than with staking rewards, not sure how that works.

Mar 2024

Proposal #41, regarding halving REGEN inflation, is adopted

Q1 2024 in Review report ready

Bioregional Development with Cooperative Banking let’s discuss

Feb 2024

Executive Summary (2024) received an update for this year, it includes improved goals and metrics. Budget and roadmap can still be improved – feedback is appreciated, also you can see and sort all projects we do by goal or type in the updated wiki homepage

Mark DeRugeriis has created a mapping the the tokenomics model and is seeking for feedback – check it out, leave comments or reach out to him directly.

After some discussions on Commonwealth Othman will be bringing an inflation reduction proposal on chain soon

Aaron, Robert, and others have been working on the burn function for service fees

Jan 2024

Updating Parameters: Lowering Inflation passed 🥳 – now inflation is closer to the market level and should decrease the pressure on the price of the token

– drafting now ideas for the year. What is 1 great actionable goal we should take?

$REGEN Tokenomics Research – 1 of 4 chapters “$REGEN Investor Foresight” is out, it explores different worlds or scenarios where ecological activists might use regen network. Based on this further “future checks” could be done for the decisions to be made

Regen Network analysis of collective value generation – request for comments. The task of drafting this brief stems from the concern of many stakeholders that current token pricing is reaching unsustainable points and reversing that trend is deemed an existential issue to secure network governance and security.

Easy way to buy $REGEN – appeared as a conversation on 1 on the calls, what comes to your mind?

We’ve Received a donation of 1M Regen and decided to stake 80% to Commons Hub, 20% to P2P, (maybe moving to 40:40:20 with Notional once they're back up). All serve as multisig stewards, difference is towards supporting smaller organisations.