14 posts tagged with "protocol"

Project creators can now use rich text formatting in their project descriptions. This means that you can add style and organize your description using basic formatting like bold and italics, headings, links, adding images, and more.

You can learn more about these updates in this article, or this walkthrough by Brileigh on JBDAO YouTube:

Step One: Connect Wallet and Manage Project​

So, first things first, make sure your wallet is connected and head over to the project that you control on juicebox.money. We’re gonna use The Juicecast on Goerli as an example. From here we’re gonna click on Manage project in the top right.

Step 2: Basic Details​

Next, we’ll go to Basic Details under General. Here you’ll see two new fields under your project name. You can add a tagline, where you can add a brief one-sentence summary of your project. And below that, we have the project description where we can add a more detailed summary of what this project is about, why you should contribute, and add some links and images for context.

Step 3: Introduce yourself​

You can start from scratch in the editor or copy and paste some text you already have. Start with an introduction either about who you are or what the project is about. This where you can tell your story to connect with your audience. Here are some tips to consider:

• Use headings like H1 or H2 to help organize the structure of your summary. This is especially helpful for long project descriptions so that potential backers can easily skim through your text to find what they want to know about you and your project.
• When referencing subjects in your summary, it’s a good idea to hyperlink text so that people can know more about something if they’re interested. This is also a great way to build trust if you want people to know more than what your wallet says about you or the project.

Step 4: Add images to break up text​

Adding visuals to your project description is really important because it helps break up text, especially if you have a long description. To add the image, click on the image icon and upload the photo. Examples of images you could include are:

• Photographs (if you have hosted IRL events or have a product you want to showcase)
• Infographics (to explain complex aspects of your project)
• Brand materials (logos, typefaces, anything you want to show off that you think will resonate with people)

Examples of different images you can add to your project

Step 5: Tell people your “Why”​

Once you’ve explained what your project is about and how it works, consider adding reasons why people should contribute to your project. Whether you’re on Juicebox or another platform, it’s important to think about why someone would want to contribute to your project, what they might receive in return. You can add more images if this helps contextualize what you’re seeking funds for and why.

Step 6: How can people find you and get involved?​

Good contact information helps build trust and makes you more accessible. Adding links for contract information or how to get involved in a Discord is great way to make your project more inviting to potential supporters. You want to make it easy for people to find you if they want to.

Step 7: Save project details​

Once you’re finished editing your project description, scroll down to the bottom and click Save Project Details. This will prompt a transaction that you’ll need to confirm in your wallet. This could take a minute to save and update on juicebox.money. Once it’s done, you can click on the X in the top right and it will bring you back to your project page. Simply refresh your project page, click on the About tab and you’ll see you’re new fully stylized project description! And that’s it!

Conclusion​

If you have any questions or need help along the way, jump into the Support channel in Juicebox Discord If you want some one-on-one help setting up your project, reach out at juicebox.money/contact. And if you want to stay on top of the latest news, features, and trending projects in the Juicebox ecosystem, make sure to subscribe to our weekly newsletter Juice News.

Relevant links​

🐦 Follow Juicebox on Twitter: @juicebox_money

📬 Subscribe to Juice News, our weekly newsletter

💬 Join the Juicebox Discord

🚀 Trending projects on Juicebox

📚 Project Creator Docs

📹 YouTube Tutorials

🎙️ Listen to an episode of The Juicecast

Project Pages on juicebox.money now have a dedicated Updates tab to keep your community informed on the latest news. This can be used for announcements, new milestones, events, partnerships, or any new developments that relate to your project.

You can learn more about these updates in this article, or this walkthrough by Brileigh on JBDAO YouTube:

For this example, we’ll be using The Juicecast project on Goerli. If you aren’t already familiar, The Juicecast is a series of conversations with builders and creators in the Juicebox ecosystem and beyond. In this example, We’ll post an update informing the community about our new NFT collection that lets supporters sponsor an episode.

Step 1: Connect Wallet & click on the new Updates Tab​

The first thing we’ll do is connect our wallet. On your project page, you’ll notice a new tab that says Updates.

Step 2: Add project update​

In this section you’ll see a button that says Add project update, click it and it will prompt a signature request. This is so that the update can be verified by your wallet. No charges or gas fees will be made against your wallet.

In the pop-up window you can add a title and message for your update. Make sure that your message provides enough context and clearly conveys what you want to communicate to your community. You also have the option to add an image that’s relevant to your update. Keep in mind that this will be cropped to a horizontal rectangle ratio of 288px x 566px.

Step 3: Post Update​

When you’re done, click Add update to post your update.

And that’s it, all done! The page should refresh automatically or you can refresh it yourself, and you’ll notice a number next to the Updates tab that keeps track of how many updates have been posted. The update will also include the date it was posted as well as the wallet that signed the message.

Reasons to use Project Updates and tips​

Keeping your community in the loop is one of the best ways to ensure your projects' success. The more your community hears from you about what you’re working on, the stronger the trust will build and increase the likeliness of getting more funding from both new and old supporters.

Here are a couple tips for posting updates for your project:

• Don't make vague statements that could mislead your community. Posting updates is all about building trust with your supporters: don’t overpromise and make sure that your message is crystal clear.
• The more active your project, the better. Being consistent means finding a balance so that your community isn’t spammed with updates or on the other hand left wondering if the project is still active months later.

Keep your eyes peel-ed for more features like markdown formatting and images in project descriptions as well as the ability to subscribe to project updates via email.

Relevant links​

🐦 Follow Juicebox on Twitter: @juicebox_money

📬 Subscribe to Juice News, our weekly newsletter

💬 Join the Juicebox Discord

🚀 Trending projects on Juicebox

📚 Project Creator Docs

📹 YouTube Tutorials

🎙️ Listen to an episode of The Juicecast

Project pages on Juicebox have been revamped including a new layout, new checkout experience, and bookmark feature. These updates were made possible thanks to PeelDAO, the front-end team managing juicebox.money, user interviews, and feedback from JuiceboxDAO. You can follow along in this article, or this walkthrough video by Brileigh on the JBDAO YouTube:

For this example, we’re going to look at WAGMI Studios: the creative studio behind all of the juicy art on juicebox.money.

Artwork by Sage Kellyn from WAGMI Studios

We’ve simplified the layout and added a new section with key project stats that give you a sense of a project’s activity. You can see how many payments have been made, total volume in ETH, and a trending percentage for the last 30 days.

We’ve added tabs to help navigate different aspects of a Juicebox project like Activity, About, NFTs, Cycles & Payouts, and Tokens. You can also click on the Cycle block to get to the Cycles tab, or click on NFTs to get to the NFTs tab.

One of the biggest changes that you’ll notice is the new cart experience when paying a project: you can add things to your cart and review a summary before submitting your transaction. As you add or remove NFTs, the summary will keep track of what is in your cart. If you click anywhere on the summary bar you can get a more detailed view with both the NFTs added to your cart and the project tokens you’ll receive.

You can also pay a project without choosing any NFTs using the pay bar at the top. For example, if you pay 1 ETH to Wagmi Studios and click on Summary at the bottom of the page, you’ll get a message saying “You are eligible for 3 rewards,” which are the NFTs. You can click “add rewards” to include them, or if you change your mind, simply click on the trash icon to remove them. This gives you the option to opt-in or opt-out of receiving NFTs when contributing to a project.

You’ll also notice a new block in the top-right with a live countdown of the project’s current Cycle. Click and it’ll bring you to the Cycles & Payouts tab where you can see current, upcoming, and past Cycles as well as any Payouts that have been configured.

If you’re browsing a project and want to come back to it later, you can bookmark it to save it to your Saved Projects in My Account. To do this you’ll need to have your wallet connected, click the Bookmark button on a project page, and sign with your browser wallet. You can then hover over your wallet in the top-right, click My Account, and then go to the Saved Projects tab.

That’s all for the project page for now. Keep an eye out for more new features like Project Taglines, editing descriptions with markdown and the ability to post updates about your project. Drop into the Discord to let us know what you think about the new Project Page. Please report any issues in ⁠the Bugs channel or request a feature here.

🐦 Follow Juicebox on Twitter: @juicebox_money

💬 Join the Juicebox Discord

🚀 Trending projects on Juicebox

📚 Project Creator Docs

📹 YouTube Tutorials

New website just dropped for the Juicebox Protocol

After countless workshops, discussions, and pull requests, the website for juicebox.money is now live featuring the new homepage, About page, and Success Stories, as well as some exciting new features like improved search and project tags. The new website was made possible by PeelDAO, the front end team building and maintaining juicebox.money, and WAGMI Studios, whose juicy artwork is featured throughout.

You can follow along in the video below or in this article.

The Homepage​

Let’s get started with the homepage. At the top we’ve got a call-to-action: create a project and Fund your thing. And right below you can see a few trending projects built on Juicebox, so you can browse what creators are building and find some projects that align with your values and interests.

Hero: Fund your thing, trending projects

You’ll also notice some categories at the top like DAO, NFT, and Fundraising. Those are a new feature: Project Tags! So for example, if you click on DAO you’ll be able to find projects that have added that tag. You can also use tags to filter your searches. Keep in mind that this is a new feature and not too many projects have added tags yet. Give it a try next time you’re browsing projects.

Explore Projects​

Once you’re on the Explore page, you’ll also notice that search has been completely revamped so it’s now way easier to find specific projects or browse to find new ones. Looking for projects by Krause House? Try searching terms like “NBA”. If you’re feeling nounish you can search “nouns” and find projects in the Nouns ecosystem like SharkDAO.

Explore page

Mental Models for Juicebox​

So going back to the homepage, you’ll see a few examples of the different types of projects that you can build with Juicebox. Whether you’re starting a DAO, crowdfunding for a cause, launching an NFT project, or building something else, you can manage the funds transparently with your community.

Mental models for Juicebox

Introducing Success Stories​

If you’d like to know more about past projects that have been successful, we’ve created a new Success Stories section which tells the story behind projects like ConstitutionDAO, MoonDAO, SharkDAO, and StudioDAO. Each case study will tell you how the project got started, how they set-up their project on Juicebox, and how they found success.

Success Stories

How, What, and Why you should Juicebox​

Back to the homepage, next we have a quick summary of how Juicebox works, including setting up your project with rules to build trust, managing your treasury onchain, and building your community with token and NFT issuance. You can also find a link to the docs if you want to learn more. Next we have a section highlighting some of Juicebox’s core strengths. Juicebox is:

• Community owned
• Reliable and transparent
• Trust minimized
• Flexible
• Extensible

What is Juicy Picks?​

After that we have the Juicy Picks section, which is a new section of curated projects on Juicebox that really stand out from the crowd. These projects will rotate on a monthly basis and will be chosen by the Juicebox community. Below this section you’ll find a number of categories you choose to find a project that’s right for you.

Juicy Picks for May 2023

New FAQ​

If you still have some questions, make sure to check out the FAQ section near the bottom of the homepage.

How to get in touch​

Last but not least, you’ll see a button at the bottom to contact onboarding. So if you’d like more personalized assistance while setting up your project, reach out via the contact form or join the Discord.

Shoutout to Sage Kellyn from WAGMI Studios for the amazing art and illustrations throughout the website. Juicebox really wouldn’t be the same without it.

New hero illustration for juicebox.money by Sage Kellyn

Banny, along with a fruity assortment of new characters have been reimagined to embrace Juicebox’s new brand identity. Paired with a slick sans serif Agrandir, a font that “celebrates the beauty of being imperfect,” the Juicebox brand update keeps the protocol fresh while acknowledging its punk origins.

New About Page​

Under Resources in the top navigation bar you’ll find a new About page for Juicebox. Here you can read about our mission statement, goals, learn about about the protocol and Juicebox DAO, the contributors at Juicebox, as well as our values.

Sections of the new About page on juicebox.money

The Juicebox protocol has grown a lot since its launch in July 2021. From contract versioning and audits to feature developments like tiered NFTs, to metaverse concerts at the Juice Lounge, countless members of Juicebox DAO have shaped what it is today through its active governance. Juicebox doesn’t drink from the kool-aid, it leverages the power of collective action through its community to help passionate creators and builders successfully launch and scale projects, openly on the Ethereum blockchain.

Screenshot of old version of juicebox.money

What are you waiting for, anon? Come explore the world of community-owned DAOs, fundraisers, non-profits, and other projects running on Juicebox today.

🐦 Follow Juicebox on Twitter: @JuiceboxETH

💬 Join the Juicebox Discord

🚀 Trending projects on Juicebox

📚 Project Creator Docs

📹 YouTube Tutorials

Got JBX? This guide is for you!

Juicebox V3.1 contracts are now live and the V3 JBX token has been deployed to mainnet. If you hold V1 JBX or have unclaimed tokens from the Juicebox V2 project, you can now migrate to the V3 JBX token.

V1 JBX token address: 0x3abf2a4f8452ccc2cf7b4c1e4663147600646f66

V3 JBX token address: 0x4554CC10898f92D45378b98D6D6c2dD54c687Fb2

Before you start​

Here are a couple things to keep in mind before starting:

• The migration process will ask you to submit 3 or 4 transactions
• This process can take 15 minutes or longer
• You can migrate your tokens over time

The following guide assumes the following:

• you have V1 JBX and/or unclaimed Juicebox V2 tokens
• you use Metamask as your browser wallet

Your steps may vary depending on your situation. If you have questions, please visit the Support channel in Juicebox Discord.

Step 1: Navigate to the JuiceboxDAO project​

Connect your wallet and navigate to the JuiceboxDAO project: https://juicebox.money/@juicebox.

Step 2: Tokens tab​

Select the Tokens tab and refer to the Legacy tokens section. If you have JBX from JuiceboxDAO's V1 or V2 project, you should have legacy tokens. Click Migrate tokens.

Step 3: Grant permission for V1 tokens​

Click Grant permission for your V1 JBX and confirm the transaction in your browser wallet.

This transaction grants the V3 JBX contract permission to transfer your JBX on your behalf. If you have V1 JBX, this step is required for migration.

Step 4: Grant permission for V2 tokens​

Click Grant permission for your V2 JBX and confirm the transaction in your browser wallet.

This transaction grants the V3 JBX contract permission to transfer your Juicebox V2 tokens on your behalf. If you have Juicebox V2 tokens, this step is required for migration.

Step 5: Approve migration and set spending cap​

This transaction approves the V3 JBX contract to spend your V1 JBX on your behalf. If you have V1 JBX, this step is required for migration.

Click Approve and in Metamask select Use Default. This will approve the spend of your total claimed V1 JBX balance.

Click Next to proceed and then Approve to confirm the transaction.

Step 6: Migrate all approved tokens​

Click Migrate all approved tokens and confirm the transaction in your browser wallet.

This transaction migrates all approved V1 JBX and unclaimed Juicebox V2 tokens to JBX V3.

Step 7: Success!​

Refresh the page and revisit the Tokens tab. Be sure to verify the following:

• Your balance: should be greater than zero
• Legacy balance: should be zero

That's it! If you have questions, please visit the Support channel in Juicebox Discord.

JuiceboxDAO is running final tests on an updated/forked version of its Terminal contract. Once deployed and approved by JuiceboxDAO, projects will be able to voluntarily migrate their funds and accounting parameters from the V1 terminal that is currently being used to this new V1.1 Terminal with just one transaction.

There are many broader changes being developed in a V2 release scheduled for the coming months. V1.1 is a simpler change that still manages to provide crucial utilities and fixes for projects operating on the protocol.

Here's why a project might want to migrate to V1.1:

Features​

• Pause - Projects will be able to pause contributions to their treasury as well as subsequent token issuance on a per-funding cycle basis. Any new transactions – or pending low-gas transactions in flight – that settle after a paused funding cycle has started will fail.
• **Mint - **Projects will be able to allow itself to mint more of its own tokens on a per-funding cycle basis. During a funding cycle where minting new tokens is allowed, the project owner can submit a transaction to increase the token supply and send this new supply to a beneficiary of its choice.

Currently projects can only mint new tokens before receiving a first contribution.

• **Burn - **Anyone will be able to burn their tokens by redeeming them, even when there is no overflow.

Currently tokens are only burnable when there is some amount of overflow that is being reclaimed through the redemption.

• **Off-protocol redemption value - **Projects will be able to supply a contract to their funding cycles that tell the protocol how much value it is holding off-protocol, like in a multisig wallet or yielding vault. Projects can use oracles in this contract to convert the value of any other asset it owns into ETH for the protocol to use when calculating redemption values.

Currently redemption values are calculated only with the ETH the project has locked in the Juicebox Terminal contract.

• Fee cap - The protocol fee is capped at 5%. JuiceboxDAO can adjust the JBX fee from 0% - 5%.

Currently there is no fee cap.

Bug fixes​

• Fixed bug that prevents a project from updating its reserved token tracker when the reserved rate is set to 0%. This bug prevented the project from reconfiguring from a 0% reserved rate to any other value without inadvertently creating an extra reserved token supply inso-doing. See this postmortem.
• Fixed bug that prevented overflow from being viewed correctly when a funding cycle rolls over before it has had its newly available funds distributed.

Other adjustments​

• The contract is now directly Ownable instead of using an ownable Governance contract proxy. The JuiceboxDAO will own the contract, which allows it to set the fee, and allow other forked Terminal contracts for projects to migrate onto.

Communities using Juicebox can leverage their reserved rate decisively when they want to make it more difficult for new members to join. Funds can still be received, but more of the newly minted tokens will be owned by the project itself. The current project members can use this to decide how they will manage their subsequent growth on a per-funding cycle basis.

When the project wishes to make membership more accessible again, members can do so by lowering the reserved rate.

There's currently a discussion happening in JuiceboxDAO deliberating if it might be wise to move its reserved rate from 35% to 50%.

The reserved rate can also be useful for other purposes, this is just one possible metaphor that can be used to guide decision making.

In its first funding cycle, each project issues 1,000,000 tokens for each 1 ETH received.

Level 0​

In its simplest form, a Juicebox project can be configured to fundraise and provide refunds.

Example: I pay 5 ETH into a treasury and receive 5,000,000 tokens, and you pay 5 ETH and receive 5,000,000 tokens. There are now 10 ETH in the treasury and 10,000,000 tokens total. Since I own half of the tokens, I can redeem them to get half of the treasury's total – in other words I can get a refund. You can do the same.

Level 1​

A reserved rate can be added which will allocate a percentage of the minted token supply to a preprogrammed list of addresses.

Example: The project sets a 10% reserved rate that goes to the DAO's multisig address. I pay 5 ETH into a treasury and receive 4,500,000 tokens, and you pay 5 ETH and receive 4,500,000 tokens. The DAO's multisig now has access to 1,000,000 tokens. Because of the reserved rate, I can no longer redeem my tokens to get a refund – I will only get 90% of what I paid.

At a reserved rate of 100%, no tokens go to new contributors.

Level 2​

A funding cycle target can be set which blocks off some funds from the treasury that can be distributed by anyone to a set of preprogrammed addresses.

Example: The project sets a target of 1 ETH. I pay 5 ETH into a treasury and receive 5,000,000 tokens, and you pay 5 ETH and receive 5,000,000 tokens. The treasury now has 10 ETH –  1 ETH is within the target, and the other 9 are considered overflow. I can redeem/burn by tokens to receive my proportion of the overflow, which is 4.5 ETH. The 1 ETH target is still distributable to the project and not accessible to token holders.

Level 3​

A redemption bonding curve can be added which reduces the amount of the treasury that can be reclaimed by redeeming tokens.

Example: The project sets a 50% bonding curve. I pay 5 ETH to the treasury and receive 5,000,000 tokens, and you pay 5 ETH and receive 5,000,000 tokens. Because of the redemption bonding curve, I will only receive ~2.5 ETH if I redeem my tokens. The rest is left to share by those who are holding, so you could now redeem your tokens and get the remaining ~7.5 ETH.

Level 4​

A discount rate can be added to decrease the rate of tokens that are minted and distributed when contributions are received over time.

Example: The project sets a 10% discount rate and a 14 day funding cycle duration.  I pay 5 ETH to the treasury and receive 5,000,000 tokens on day one during the first funding cycle. Fourteen days later during the second funding cycle, you pay 5 ETH and receive 4,500,000 tokens.

Level 5​

It is important to note that a project can change its reserved rate, target, redemption bonding curve, and discount rate on a per-funding cycle basis. Some projects might choose to have no funding cycle duration for the most flexibility, meaning they can reconfigure the project on demand. It is really important to trust the owner of the project because they have a lot of control to shape the tokenomics.

A project can also set a ballot contract in its funding cycle to create conditions according to which all proposed reconfigurations must abide.

Example: The project sets a 3-day delay ballot contract. If the project owner wants to reconfigure any funding cycle property, the transaction to do so must be sent at least 3 days before the end of the current funding cycle. If the reconfiguration was made within the 3 days, the next funding cycle will instead be a copy of the current one, and the reconfiguration would be eligible to take effect after that one.

People can build arbitrary ballot contracts as long as it conforms to IFundingCycleBallot.

Before you start a project on Juicebox V1 or contribute funds to one, understand the following inefficiencies. These are shortcoming of V1 that have imperfect work arounds for now.

1. There is no pause button. The best you can do is configure the reserves rate to 100% if you do not want to give new contributors any tokens. You can set an address responsible for burning tokens as the reserved token recipient.

2. When a project's reserved rate starts at 0% and is then reconfigured to be higher than 0%, a new token supply will become available to distribute to the preconfigured reserved token recipients according to the rate chosen. For example, if moved to 100%, the total supply will double. Again, you can set an address responsible for burning tokens as the reserved token recipient. This inefficiency was discovered on August 18th. Here's more.

3. There is no direct burn transaction, but tokens will be burnt when redeemed. Therefor in order to burn, reconfigure your target such that there is overflow, then redeem tokens and then inject the overflow back into the treasury.

From the original post:

The simplest option would be to just deploy the same Juicebox protocol in each EVM compatible L2 environment. This forces projects to choose which they would like to operate on, or manage their own complexity if they would like to operate across many. I'm guessing most projects would prefer to operate everywhere, if only it were easy to do so.

What if the simplest option was the best option?

Although deploying the same Juicebox protocol in each EVM compatible L2 environment forces projects to choose which they would like to operate on, it might be most reasonable to pass along this choice and complexity to each project while suggesting thorough operational strategies to weave these isolated environments together at the DAO/social/governance layer.

Here are some potential operational guidelines, using JuiceboxDAO as an example:

• Juicebox protocol is deployed identically on several L2s and side chains. JuiceboxDAO creates a project on each one where fees will be collected and contributions accepted.
• JuiceboxDAO will have different tokens on each chain. JuiceboxDAO membership is composed of a strategy that take each of these tokens into account. Members are responsible for managing the entirety of the DAO's treasury across all chains.
• JuiceboxDAO submits treasury reconfigurations to each chain independently. Each chain can have funding cycles that operate on different schedules, have different token issuance rates, and different ETH distributions. This flexibility can be used to orchestrate arbitrary multi-chain treasury designs, although also introducing management overhead. Extend to new environments responsibly.
• JuiceboxDAO can move its ETH/tokens between environments adhering to the constraints of each chain, leaning on existing and upcoming generalized bridging infrastructure.
• It can deploy converter contracts if it wishes to support conversions between each of its membership tokens.

Any other project could choose to operate on one or many environments where the Juicebox protocol has been deployed. If they choose to operate on many, they would have to manage the complexity of doing so. Once projects have begun experimenting and settling on effective patterns, I'd hope a playbook would emerge as a reference for future projects.

Leaving multi-layer coordination for the social layer introduces some operational overhead and risk, but also keeps the protocol layer flexible and simple.