Golem Foundation announces they are staking 100,000ETH and new dapp that rewards public goods

The project is called Octant: A community-driven platform designed for decentralized governance and funding experiments.

Our motivation is that the decentralized governance ecosystem lacks a diversity of approaches, so we created Octant to test new governance mechanics and broaden the pool of active participants.

Our other primary focus with Octant is to support Ethereum infrastructure and public goods . We plan to stake up to 100,000 ETH, and user participation is rewarded via ETH staking returns. We aim to incentivize users to donate part or all of their rewards to outside causes.

We see this as a great testing ground for new ideas in governance, providing opportunities to experiment with poll mechanics, delegation frameworks, and other governance components. We believe that the best ideas come from the community, which is why we are driven by community submissions. The best part? Our testing ground uses real resources, ensuring experiments are as close to real-life scenarios as possible.