Today, Moai Labs made a preliminary proposal to Epoch Island. It outlines three primary objectives:1 → Launch Funding Streams 🌊2 → Generate Revenue/Buybacks for $EPOCH ⌛3 → Introduce $ISLAND 🏝️Let's dive in ↓🗿 🗿 🗿The original Epoch Island Manifesto outlined a seven-phase process to becoming a Network State. 🔗 https://t.co/51ttYeAp4WIn less than 6-months, four of these phases have been accomplished. Here's a quick refresher on our short history.Phase One: Establish Governance ⚖️The vEPOCH governance system is live today with over 177 voters and 93.00% active participation from LPs.🔗 Source: https://t.co/o3VWIBY1hgPhase Two: Deploy the Currency 💱The EPOCH token is live with over 1703 holders and a $5M+ market cap.🔗 Source: https://t.co/Bh2SrzA5FbPhase Three: Nominate the Elders 🗿Over 36 Elders have been nominated with dozens of more in waiting.🔗 View the Elders: https://t.co/i6oTaEPxbTPhase Four: Establish Funding 💸Epoch Island hosted the first-ever Initial Time Offering which sold out in less than 33 minutes.🔗 Source: https://t.co/Yi2bGS4lKP🗿 🗿 🗿So, what's next?Today, Moai Labs made a preliminary proposal to move Epoch Island into Phase Five: Generate RevenueThe primary purpose of this proposal is to attain feedback from the Islanders in hopes of moving Epoch Island one step closer to Network State status.If successful, Moai Labs believes these three initiatives can combine to help jumpstart Epoch Island into a billion-dollar onchain economy.Let's break each of them down in more detail.As a reminder, everything you are about to read below would first need approval from the Islanders to move forward. Nothing is finalized. Let your voice be heard.🗿 🗿 🗿Objective #1: Funding Streams 🌊To build a Network State, you need people.But Epoch Island isn't composed of just any people.Since the beginning, our focus has been recruiting the top innovators and investors from around the decentralized world.With founders involved from Balancer, Shapeshift, Aerodrome, and many others -- we are off to a great start, but we have a long way to go.In the same way, Silicon Valley was able to attract web2 startups, Moai Labs believes Epoch Island needs a foundational product to attract onchain builders for decades into the future.This is where "Funding Streams" come in...Funding Streams aim to be the flagship product of Epoch Island that fund and fuel the next generation of onchain builders and projects.Through a permissionless and yield-based protocol, Funding Streams are the fastest and most efficient way for builders to get early-stage capital and find their first fanatical supporters.However, unlike the scam-ridden era of ICOs, Funding Streams give ultimate protection to backers by securing 100% of the original capital at all times.Here's how it works...Step One → StakeAnyone can find a builder, project, or cause they want to support and stake crypto into their Funding Stream.Step Two → YieldThe stake is put into a yield-generating protocol like @Aave or @Rocket_PoolStep Three → EPOCH100% of the yield generated is sent to the Epoch Island treasury where it can be used to purchase EPOCH.Step Four → FundingAll EPOCH purchased from the market is then redistributed to the builders, projects, and causes with active Funding Streams.Step Five → ISLANDIn return for staking, supporters will receive ISLAND 🏝️ which can range from $500-$50,000 based on the success of Epoch Island.More on 🏝️ later...To recap the benefits and advantages of Funding Streams for builders and backers:Benefits for Builders→ Fast: With one simple onchain proposal, builders can create a “Funding Stream” and get a steady flow of capital within minutes.→ Signal: This also allows builders to find early signal of demand for their product/service and recruit initial users.Benefits for Backers→ Stable: Instead of risking their ETH or USDC, backers can stake their crypto to get upside in builders. The yield generated from their crypto funds the builder.→ Liquid: At any time, for any reason, the backer can unstake their capital — staying 100% liquid and exposed to their favorite assets.For all the reasons stated above and more, we believe Funding Streams can provide Epoch Island the flagship product to drive the next generation of builders and innovators into our growing economy.🗿 🗿 🗿Objective #2: Generate Revenue for $EPOCH ⌛While the Funding Stream product may sound promising, how does this actually drive value back to Epoch Islanders and EPOCH holders?When any individual makes a stake, 100% of all yield generated is used to purchase EPOCH tokens off the market (pending DAO approval).This generates steady, aligned, and predictable reoccurring buy pressure on EPOCH as the product scales.More stakers = more yield = more buybacks for EPOCH. Simple as that.Below are a few calculations of potential outcomes based on the adoption of Funding Streams.Assuming the price of ETH is $3500 with 3.5% APY10k ETH TVL → $1.22M ARR100k ETH TVL → $12.25M ARR1M ETH TVL → $122.5M ARRAdditionally, if we include stablecoins like USDC which are generating 10% APY at the moment$10M USD TVL = $1M ARR$100M USD TVL = $10M ARR$1B USD TVL = $100M ARRThere are of course many higher APY tokens we can integrate over time.To reiterate, the above numbers are not meant to be taken as a prediction of future revenue. Only to show potential EPOCH demand based on TVL and APYs.🗿 🗿 🗿Objective #3: Introduce $ISLAND 🏝️At its core, the Funding Streams product is a marketplace between builders looking for funding, and backers who want to support them.While marketplace business models have very nice network effects at scale, they are somewhat difficult to get off the ground.You need builders to get backers, and you need backers to get builders.To overcome this classic chicken and egg paradox, Moai Labs proposes the introduction of ISLAND tokens.What is 🏝️?ISLAND is a KPI-based rewards token that offers an incentive for early users who stake capital into Epoch Island.This, in return, gives early adopters upside and ownership in the success of Epoch Island.Unlike traditional “point” systems, ISLAND tokens are onchain with the real economic backing of EPOCH.What's the value of 🏝️?Moai Labs proposes that ISLAND tokens share ownership in a pot of (up to) 50M EPOCH.As the price of EPOCH increases, ISLAND can be redeemed for more and more EPOCH.$0.10 EPOCH → $500 per 🏝️$1.00 EPOCH → $5,000 per 🏝️$10.00 EPOCH → $50,000 per 🏝️While Moai Labs proposes to collateralize ISLAND with 50M tokens, EPOCH only gets unlocked if the price increases over time.Less than $0.10 → 0 redeemable EPOCH$0.10 → 500k redeemable EPOCH$1.00 → 5M redeemable EPOCH$10.00 → 50M redeemable EPOCHMade possible by @UMAprotocol KPI tokens, Islanders can set the threshold of prices.Here's a public calculator you can use to evaluate the value of ISLAND:🔗 https://t.co/sj1m52RpQnHow does 🏝️ work?1 → Find a builder, project, or cause you want to support2 → Stake ETH or USDC into their Funding Stream3 → They earn EPOCH. You earn ISLAND.The more you stake, the more funding you generate for builders, and the more ISLAND you earn.🗿 🗿 🗿Want ISLAND 🏝️ ?To test the demand and interest for ISLAND, Moai Labs has created an Islander Waitlist.Pending approval by the Islanders, individuals who join the Waitlist will be the first to get their hands on ISLAND. Join Waitlist: https://t.co/OI8eRRuNNs🗿 🗿 🗿Have questions/feedback?We expect this preliminary proposal will have many questions, and rightfully so. The next phase of Epoch Island is a big one, and we need to get it right to continue our current momentum.If you have additional questions or feedback, please leave them in the sentiment check thread on Discord.https://t.co/2Smdi04sto