memo.d.foundation / programs / icy / protocol-cheatsheetConnect

Programs/ICY and Dwarves+

Active program. Swap ICY on icy.so

Protocol cheatsheet

Quick reference guide with essential protocol information at a glance. This cheatsheet covers token economics, governance structure, earning opportunities, and key metrics for easy reference.

1🎯 Protocol overview

Vision: Transform traditional tech consulting into a decentralized, community-driven research protocol

Mission: Enable global developers and researchers to contribute to cutting-edge projects while earning tokens based on merit

Unique value: Research-focused DAO with permanent knowledge storage, dual-token economics, and structured governance


2πŸͺ™ Dual token system

ICY token (utility) 🧊

AspectDetails
PurposeDaily operations, contributor rewards, protocol services
SupplyDynamic: 100M start β†’ 1B max (2-5% annual inflation)
BackingBitcoin treasury provides dynamic value floor
EarningResearch (100-2K ICY), Code (50-500 ICY), Community (10-250 ICY)
Staking5-20% APY (flexible to 24-month lock)
NetworkEthereum (governance) + Base (operations)

DFG token (governance) πŸ—³οΈ

AspectDetails
PurposeProtocol governance, dividend collection, voting rights
SupplyFixed: 10M total (no inflation)
Distribution25% Community, 20% Core Team, 20% Public, 15% Early Contributors
Benefits70% revenue dividends, proposal rights, governance control
Requirements1K DFG for proposals, 100 DFG for chair voting

3🟠 Bitcoin treasury layer

Treasury management strategy

AspectDetails
Funding source10-15% of consulting profits β†’ BTC purchases
Purchase scheduleMonthly dollar-cost averaging
Treasury composition60-80% BTC, 15-25% stablecoins, 5-15% protocol tokens
Value backingICY tokens backed by Bitcoin treasury holdings
TransparencyPublic dashboard with real-time metrics

ICY buyback & burn mechanisms

Automatic triggers

  • Bitcoin growth: >20% monthly treasury growth β†’ 5-10% ICY buyback
  • Profit surplus: >150% average monthly profits β†’ 25% excess to buyback

Governance controls

  • Quarterly burns: DFG holders vote on 0.1-2% supply burns
  • Strategic burns: 60% approval for market stabilization (max 5% annually)

Public dashboard metrics

  • Bitcoin holdings: Current BTC amount, USD value, purchase history
  • ICY backing ratio: Dynamic value floor calculation
  • Treasury health: Composition percentages and rebalancing status
  • Burn history: Recent buyback and burn activities

4πŸ›οΈ Governance structure

Activity chairs (5 specialized committees)

  1. 🀝 Engagement & integration - Community building, onboarding, HR
  2. πŸš€ Delivery & consulting - Project execution, client services
  3. πŸ“š Learning & training - Education, skill development, mentorship
  4. πŸ“’ Marketing & communication - Brand building, outreach, content
  5. πŸ’Ό Sales & partnership - Business development, strategic alliances

Governance process

Proposal Creation (1K+ DFG) β†’ Chair Review β†’ Community Discussion (7 days) 
β†’ Voting Period (7 days) β†’ Execution

5πŸ’° Earning opportunities

Comprehensive activity earning guide

Activity CategorySpecific ActivityICY RangeFrequencyRequirementsVerification Method
πŸ”¬ Research & developmentResearch Publication100-2,000Per publicationPeer reviewed, originalPeer review + citation metrics
Research Proposal50-200Per proposalWell-researched topicActivity chair evaluation
Research Collaboration100-500Per projectMulti-contributor workTeam assessment
Technical Documentation25-150Per documentClear, comprehensive guidesCommunity usefulness score
Patent Filing500-1,500Per patentNovel technical inventionPatent office submission
πŸ’» Code contributionMajor Feature Development200-500Per featureSignificant code contributionPull request review + impact assessment
Bug Fixes25-150Per fixWorking solutionCode review + testing
Code Review10-50Per reviewTechnical expertiseReview quality score
Bug Bounty100-5,000Per discoverySecurity vulnerabilitySeverity level + fix verification
Open Source Contribution50-300Per contributionExternal project contributionCommit verification
Smart Contract Development300-1,000Per contractProtocol enhancementAudit + deployment success
πŸ‘₯ Community engagementCommunity Leadership25-250Per activityActive participationEngagement metrics + quality scores
Discord/Forum Moderation5-25Per sessionConsistent moderationModeration logs
Community Events50-200Per eventEvent organization/hostingEvent success metrics
Onboarding New Members15-75Per memberSuccessful onboardingNew member retention
Content Creation25-100Per pieceBlog posts, tutorials, videosContent quality + engagement
Ambassador Activities40-200Per campaignExternal representationReach + engagement metrics
πŸŽ“ Learning & trainingMentorship Sessions25-200Per sessionVerified mentoringMentee progress + feedback ratings
Training Delivery50-300Per sessionEducational content deliveryParticipant feedback
Tutorial Creation40-150Per tutorialStep-by-step guidesCommunity adoption
OGIF Participation20-50Per sessionActive learning participationSession contribution
Skill Certification Sharing30-100Per certificationProfessional developmentCertification verification
Workshop Facilitation75-250Per workshopInteractive learning sessionsWorkshop quality + attendance
🀝 Partnership & businessPartnership Development200-2,000Per partnershipDeal value + successDeal value + success metrics
Client Project Delivery100-1,000Per projectSuccessful completionClient satisfaction + impact
Business Development50-500Per opportunityLead generation/conversionOpportunity value
Strategic Planning100-300Per contributionBusiness strategy inputStrategy implementation success
Contract Negotiation150-600Per contractSuccessful deal closureContract value + terms
πŸ“’ Marketing & communicationMarketing Campaign100-400Per campaignCampaign developmentCampaign performance metrics
Social Media Management10-50Per post/dayConsistent postingEngagement metrics
PR and Media Relations50-250Per activityMedia coverage/relationsMedia coverage achieved
Brand Development75-300Per contributionBrand asset creationAsset adoption + quality
Conference Speaking200-800Per presentationIndustry conferencePresentation quality + reach
πŸ›οΈ Governance & qualityGovernance Participation100-500Per voteDFG token holderVoting participation
Proposal Creation200-1,000Per proposalWell-structured proposalsProposal quality + adoption
Quality Assurance10-100Per reviewTechnical expertiseReview accuracy + usefulness
Activity Chair Duties1,000-5,000Per monthElected chair memberChair performance evaluation
Dispute Resolution50-200Per caseFair mediationResolution satisfaction
🎯 Special activitiesHackathon Participation100-500Per eventWorking prototypeProject evaluation
Conference Speaking200-800Per presentationIndustry conferencePresentation quality + reach
Thought Leadership150-600Per article/postIndustry insightsIndustry recognition
Protocol Improvement500-2,000Per improvementSignificant enhancementImplementation success
Crisis Management300-1,000Per incidentEmergency responseCrisis resolution effectiveness

Activity multipliers & bonuses

Bonus TypeMultiplierRequirements
New contributor bonus1.5xFirst 3 months of participation
Consistency bonus1.2xActive for 6+ consecutive months
Quality bonus1.3xTop-rated contributions (>90% quality score)
Leadership bonus1.4xActivity chair members
Staking bonus1.1-1.5xBased on ICY staking tier
Bitcoin growth bonus1.1-1.2xDuring Bitcoin treasury growth periods
Innovation bonus1.5-2.0xBreakthrough contributions or novel solutions

Contributor progression path

Newcomer (10-50 ICY/month) β†’ Active Contributor (50-500 ICY/month) 
β†’ Domain Specialist (500-2K ICY/month) β†’ Activity Chair (1K-5K ICY/month) 
β†’ Core Team (Fixed DFG allocation)

6βš™οΈ Technical architecture

Multi-network strategy

  • πŸ”· Ethereum mainnet: Core governance, DFG tokens, high-value operations
  • πŸ”΅ Base network: ICY operations, rewards, frequent transactions (low cost)
  • 🌐 Arweave: Permanent storage for research, publications, protocol history

Security & infrastructure

  • Audits: Multiple security firms + $100K+ bug bounty program
  • Multi-sig: 5-of-7 treasury control with 48-hour time locks
  • Insurance: Smart contract coverage + operational insurance
  • Backup: Redundant infrastructure across multiple regions

7πŸ“Š Economic model

Revenue streams

  • Consulting services: Premium enterprise consulting ($10-20M target)
  • Research partnerships: Institutional research collaborations
  • Training programs: Professional blockchain education
  • Platform fees: Small protocol operation fees
  • Treasury investments: DeFi yield and strategic investments

Financial projections

MetricYear 1Year 3Year 5
Revenue$5-8M$25-40M$50-100M
Contributors200-300800-1,2002,000-3,000
Treasury$5-10M$15-25M$25-50M
DFG ROI15-25%25-40%20-35%

8πŸ—ΊοΈ Implementation timeline

Phase 1: Foundation (months 1-6)

  • βœ… Smart contract development & audits
  • βœ… Token launch & initial distribution
  • βœ… Basic governance & community formation
  • Target: 50+ contributors, audited contracts

Phase 2: Growth (months 7-18)

  • πŸš€ Full protocol launch & Base integration
  • πŸ“ˆ Feature expansion & Arweave storage
  • 🌍 Community scaling & partnerships
  • Target: 300+ contributors, $15-25M revenue

Phase 3: Maturity (months 19-36)

  • 🎯 Advanced features & full decentralization
  • 🌐 Global operations & ecosystem expansion
  • πŸ’Ž Self-sustaining economics
  • Target: 1,000+ contributors, $60-120M revenue

9🎯 Key differentiators

vs Traditional consulting

  • βœ… Global talent pool vs Geographic Limitations
  • βœ… Transparent rewards vs Opaque Compensation
  • βœ… Community ownership vs Corporate Hierarchy
  • βœ… Permanent knowledge vs Siloed Information
  • βœ… Merit-based access vs Credential Requirements

vs Other DAOs

  • πŸ”¬ Research focus vs General Purpose
  • πŸ—οΈ Structured governance vs Informal Organization
  • πŸ’Ύ Permanent storage vs Temporary Hosting
  • 🎯 Quality standards vs Open Contribution
  • πŸ’Ό Business model vs Token Speculation

10πŸš€ Getting started

1. Join the community:

  • Connect with us on Discord and Telegram
  • Follow our official announcements channel for updates

2. Explore opportunities:

3. Start contributing:

  • Select a task from the contribution board
  • Submit your work for peer review and earn ICY tokens
  • Participate in governance by voting on proposals

Need help? Visit our FAQ or ask in the community channels.

Dwarves Foundation memo. Written by the team and guest writers.Press [ or ] to move between headings