Bread Wiki==TLDR; We’re inviting aligned individuals and organizations to mint a minimum of 10,000 BREAD to help bootstrap the Breadchain ecosystem. Your contribution will enable us to build essential infrastructure and applications for a post-capitalist Web3 and you / your organization will join the first Angel Minter’s cohort. This mint is low risk and always fully backed==—your xDAI can be reclaimed anytime, while helping to accumulate low-risk, stable funding for the ecosystem through sDAI. You can think of it as a ==lossless donation.== 🍞 ⛓️
==In summary:==
- The deadline is to mint at least $10k by end of 2024 in order to join this first cohort as an organization or individual 🤝
- Only the monthly yield from the underlying sDAI is distributed to the network of projects and Breadchain Commons based on a monthly vote (Crypto Commons Association, Citizen Wallet, Symbiota Coop, LaborDAO, and more) 🏴
- Your funds are safe and always 100% backed, with minimal risk 🤑
Bake BREAD
Bread Crowdstaking
Bake and burn BREAD.
https://app.breadchain.xyz/
What is Breadchain?
Breadchain Cooperative is a collective federation of decentralized cooperative projects looking to advance a progressive vision for blockchain and its effect on society. We aim to do this by building and utilizing what we call ==solidarity primitives== - development tools which help to forge solidarity between individuals and collectives.
The first ==solidarity primitive== created by the Breadchain Cooperative is the ==index== community token created through the Bread Crowdstaking Application built on Gnosis Chain. Users give xDAI and receive BREAD at the same amount. The xDAI held in the contract is then converted to sDAI to generate a yield that is distributed based on a monthly vote.
The primary infrastructure being built at Breadchain is to ask ourselves ==what if progressives had their own index and index====? Where would we decide to put resources towards to build a post-capitalist economy?==
The yield to be distributed based on BREAD holders’ votes every 30 day voting cycle comes from the ==DAI Savings Rate on Gnosis Chain==. BREAD holders’ voting power in each cycle is based on their average holdings over the course of the previous cycle.
index you can find more detailed information on the various parts of the project.
Why Breadchain?
At the moment, the ==status quo of crypto is the domination of venture capital==, which at least most people can agree should not be the only option for funding in the space. Projects who are building products that are not investable by venture capital have a stark disadvantage for funding and ones that do have the difficult choice to make a fraught deal.
==Traditional grants programs can be a mixed bag== depending if the project aligns with the needs of granting organizations. They are good for boot strapping a project but are seldom sustainable in the long term for projects that have wages to pay or are too busy doing the actual work they do. Grants programs that don’t have limits on projects with venture capital end up favoring projects already with funding since they have the funding to pay someone to fill in applications and market themselves.
==A post-capitalist alternative to funding not based on pure donations did not yet exist until now.==
Taking inspiration from the ==local currency and credit union movements== as financial institutions that historically have been created for underserved communities to keep wealth within their locality, Breadchain’s infrastructure mimics certain aspects of these in order to keep wealth for building post-capitalist projects and initiatives. It is the credit union for funding the post-capitalist web3 space, letting supporters voice how they would like the yield generated to be prioritized among the options.
We use the term ==solidarity primitive== to describe this mechanism because it is similar to financial primitives in the crypto space in that its parts can be abstracted to build on top of but the relations it facilitates are ones of solidarity not financial speculation. And solidarity is what we need in order to fight the current system while creating a new one. In practical terms, this looks like collectivizing efforts and available capital as workers did in the past by putting their savings from wages in their local credit union rather than a giant bank. 🤝
What have we accomplished so far?
Here are some of the accomplishments we’ve had over the past year of building in relative stealth:
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Transitioned and deployed our Crowdstaking App from Polygon to Gnosis Chain (switch to sDAI yield)
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Breadchain Launch Event in Berlin (feat. endorsement from Vitalik)
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Reached ==over $380k in TVL==
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Added new projects like Symbiota and Citizen Wallet
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BREAD integration in Citizen Wallet, Dandelion, and Giveth
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Completed over 4 successful voting cycles with no issues ==distributing over $20k to projects using a novel mechanism==
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Sponsored 4 different alternative crypto events
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2nd place in the Gnosis Pay track at the ETH London hackathon
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==Received a 30k OP grant== from Optimism Collective to build our app for OP builders
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Raised thousands for Eth Evacuations during ETH Berlin
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Updated and improved our original UI and branding
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Regular ==weekly community calls== featuring guests from Gnosis Chain, Sensorica, Tech Workers Coalition, and more
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Mention in the books Blockchain Radicals, and Kevin Owocki’s Onchain Capital Allocation v2, Other Internet research on solidarity primitives, Coin Telegraph and several podcasts
https://x.com/TBSocialist/status/1831348973057024444
You can read our roadmap in depth here.
How does Breadchain scale?
The main way we see Breadchain being able to scale to a million+ users, millions in TVL and an ecosystem of well-funded post-captialist projects in the network is through the ==Gnosis Pay debit card in order to allow BREAD holders to make everyday purchases in BREAD==. This is our next major application to develop using a likely tech stack combination of the tools below.
Our draft spec includes a mobile wallet solution like Citizen Wallet Breadchain member project) or others where users can integrate with their Gnosis Pay debit card or Monerium IBAN bank account with PowerPool or Gelato which will automate the movement of BREAD<>EURe/GBPe into their account when purchases are made facilitated by our [https://curve.fi/#/xdai/pools/factory-stable-ng-15/deposit](Curve Pool). This will allow anyone who is not crypto native to be able to earn their wages in their crypto linked IBAN and/or debit card, set the amount of BREAD they would like automatically minted, and transfer their BREAD to EURe in their debit card account whenever a purchase is made. 💳
The Ask
Our ask is simple and straightforward.
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Take part in the ecosystem as you want via voting, join our Guild, discord
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If you want, let us know if you would like to be mentioned in public announcements about who has already supported Breadchain and post-capitalist web3
Not sure how to bake BREAD? ♨️ 🍞 👇
How to Use the Bread Crowdstaking Application
Note: This is the most up to date version of how to use the Bread Crowdstaking Application now that we have completed our migration to Gnosis Chain.
https://breadchain.mirror.xyz/NG3tllGpS7Rok8CCHNffM7UL8RAW7XEr55sPsA0r4rw
What do I get for this?
First and foremost, besides all the benefits that already come with owning [[wiki/about/bread-token/index|BREAD Marketplace]] the ==satisfaction of knowing that you are not succumbing to nihilism== about the state of the world and contributing to a real collective fighting for an alternative. ✊
Second, the details are not confirmed, but in one of our next major updates we will be creating a framework for ==voting boosts== for specific actions done or specific tokens held by people on Gnosis Chain. We would like to thank those who believed and contributed to us early with a special voting boost token to commemorate their contributions. 🏅
And finally, your BREAD will be usable for every day purchases! We see this through the Gnosis Pay debit card although this could potentially be extended towards other crypto debit cards that come out. We expect this to be facilitate by swaps through our [https://curve.fi/#/xdai/pools/factory-stable-ng-15/deposit](Curve Pool) which means you can ==earn yield by providing liquidity== there. 💦
For organizations that mint BREAD to their treasuries, we consider it the start of a solidaristic partnership. We can offer to ==showcase your logo and website in the gallery of organizations that have minted BREAD into their treasuries Patron Hall of Fame== We will also announce our partnership across our network to share your own work if wanted.
What kinds of people / organizations would do this?
You may be asking yourself, “am I or my organization a part of Breadchain’s target audience?” The short answer is if you’ve made it this far then probably yes! But here is an incomplete list of the kinds of profiles of individuals and organizations we think would be aligned with this initiative:
- crypto enthusiasts who want to support the building of an alternative to the status quo for dual power
- supporters of alternative economic and democratic structures
- impact investors / impact investment funds
- those who want to see crypto helping those working on the ground for change
- organizations that want to support democratic socio-political experimentation
- lovers of solidarity
You may not fit squarely in any of these profiles, but that’s ok! Everyone’s situation is different and that’s what makes us stronger. If you’re still unsure, then feel free to Contact Us to discuss!
I really like what you’re doing but I can’t do 10k, what else can I do to help?
No worries, we understand that not everyone has the ability to take part in this specific initiative but there are plenty of other ways to help out / get involved! Here are some suggestions.
- ==Mint as much BREAD as you’re comfortable with.== Just because you can’t do 10k doesn’t mean you shouldn’t at all. The vision of the project is to allow a way for everyone to contribute however they financially can without losing any funds. Every BREAD minted counts!
- Sign up to ==contribute to Breadchain with your skills==. There’s plenty of work to do and we can use both technical and non-technical help. Fill out this form to get in touch with our team to see how you can best contribute. Or read our Contributor Onboarding Guide to learn more.
- ==Apply your organization to become a part of Breadchain.== You can learn more about what our expectations are of member projects on How to Become a Member Project. You can start the application process here.
How to get assets to Gnosis Chain?
We recommend using Jumper Exchange in order to move assets from other EVM chains to get xDAI on Gnosis Chain.
We can also recommend using Monerium to receive an IBAN if you’re in a supported country to make a bank transfer that will automatically and for free create crypto stablecoins in your wallet on Gnosis Chain.
If you have other non-EVM crypto you’d like to move, Sideshift is a good option to get your assets on an EVM chain which can then be moved to Gnosis Chain with Jumper.
Another option is Hop Exchange in case Jumper doesn’t work for you.
Otherwise you can use your preferred centralized crypto exchange.
Currently supporting institutions
15k BREAD minted
PowerPool Grant - $20k
~200k BREAD minted
Optimism Collective Grant - 30k OP
If your organization or one that you have contacts at you think would be interested in taking part in something like this to diversify their treasury or give out a grant, then feel free to share this page and/or make a connection! We will gladly make a promotion post on social media to share with our network.
Member Projects in Breadchain
Below are the current options for projects that BREAD holders can choose to help fund through in the ongoing voting cycles in our governance page. We are also always reviewing applications for new projects to join who apply here.
More Resources
Breadchain Cooperative
A community of decentralized, cooperatives projects building solidarity primitives for a post-capitalist web3.
https://breadchain.mirror.xyz/
Breadchain Cooperative
Breadchain Cooperative is a collective of decentralized cooperative projects looking to advance a progressive vision for blockchain and its potential to transform society.
https://www.youtube.com/@BreadchainCooperative
breadchain cooperative (@breadchain_) on X
A network of projects building solidarity primitives.
https://x.com/breadchain_
Breadchain Cooperative
A collective of decentralized cooperative projects building solidarity primitives funded by our digital community currency BREAD.
https://guild.xyz/breadchain
Breadchain Cooperative (UK) - Open Collective
Breadchain is a cooperative of blockchain projects working to advance a progressive vision for the technology and its effect on society.
https://opencollective.com/breadchain-cooperative
Presentation at Funding the Commons Bangkok 2024
https://www.youtube.com/watch?v=h1oiG2gnAjQ