RootstockCollective is the only DAO on a Bitcoin L2 with a built-in mechanism designed to reward and champion innovation on Bitcoin. As part of this mechanism, today the Collective Rewards have been launched offering builders a unique opportunity to receive recurring incentives while gaining support from a decentralized community.
What is the Collective Rewards program?
The Collective Rewards program aims to create a decentralized and community-driven mechanism to reward builders. It is launching in two versions – the first version launching today, and the second coming soon after.
Version 1.0 will introduce the new concept of “Activated Builders” which are developers who are members of the RootstockCollective, and who have been approved by the community to be added to a whitelist and receive Collective Rewards. Basically, whitelisted builders will be called “Activated Builders”.
Version 2.0 will introduce another concept: Backers. Backers being RIF stakers in the RootstockCollective ecosystem who choose to support certain “Activated Builders” and get a share of the builders’ rewards.
In this article, we explore how developers can benefit from becoming a builder in the Collective Rewards in both V1.0 and V2.0.
What happens now?
V1.0
With the launch of Version 1.0, builders will be able to apply to get “activated” and community members will choose who gets activated.
All builders who are activated by the community receive an equal share of rewards from the RootstockCollective Treasury.
This model ensures that every project receives recognition and resources to continue building on Bitcoin’s EVM-compatible layer.
V2.0
In the upcoming Version 2.0, the rewards system becomes even more dynamic. Builders will be able to increase their share of rewards by engaging with the community. In a nutshell, the percentage that each builder gets from the growth treasury is based on the percentage of votes received from the community. So for example, if builder A receives 10% of the votes, and builder B receives 5% of the votes, builder A will receive 10% of the rewards pooled, whereas builder B will receive 5%.
In this model, builders can offer a portion of their rewards to backers who vote in their favor. This incentivizes collaboration between builders and their supporters, creating a more democratic and community-led system for funding innovation.
| V1.0 | V2.0 | |
| Who gets the rewards | Builders only | Builders and Backers |
| How are the rewards distributed | Equally among activated builders | According to the percentage of backers’ votes |
Builders’ guide to joining the Collective Rewards
The following steps explain how builders can apply to be a part of the Collective Rewards by submitting the proposal off-chain, then on-chain, and then applying for KYC:
Step 1: Submit your proposal to the community on Discourse.
Check this step-by-step guide to submitting a grant proposal here.
Step 2: Submit your proposal on-chain.
Go to the Builder Activation Proposal.
You can access it in 2 ways:
Via the Proposal screen of the RootstockCollective dApp
- Click on ‘Create a Proposal’: https://app.rootstockcollective.xyz/proposals
2. Select the Builder Activation Proposal type from the dropdown
Via the Become a Builder button in MyCollective screen
- Once you are in the Builder Activation Proposal, please fill in the following sections
- Proposal Name: Follow this rule for Proposal Title: [YYMM Builder Activation] MyProtocolOrdAppName
- Builder Name: This is the Name of your Builder Project as you’d like it to appear in the dApp: in the Rewards leaderboard and the builder card.
- Description of the proposal: Include the link to the Proposal in the Discourse
2. Press Continue and fill in the Address fields in the Actions section
Include the address that will be used to identify you as the Activated Builder and the address where you will receive your rewards. Those could be the same address.
Make sure you have provided the correct address and data. Press Publish to finish the process.
Note: These screenshots are taken from the testnet version of Collective Rewards.
Step 3: Submit your KYC
Submit a KYC application form with the requested documents to the RootstockCollective Foundation for review and approval.
Join the Collective Rewards and harness the collective support of RootstockCollective to bring your project to bigger success with guidance from the community and Builders Rewards.
Recommended reading
If you’re just getting started with RootstockCollective, you’ll find these resources helpful: