概要
SIPO DRepレビュー支援用の日本語作業訳です。正式な内容はHydra Voting上の英語原文を参照してください。
この提案は、PrismaとWadaが進めてきたhub-network型の地域チーム育成・publishing stackを、Revenue Participation Certificates (RPCs) による収益連動型金融プロトコルへ発展させるものです。Gateway onboarding、participation signalling、capital distribution、demand signal ingestion、revenue allocation、certificate redemptionの6段階をCardano上のon-chain/off-chain protocolとして設計・実装し、地域チームの実収益や需要信号を集約して、投資家へのredemptionまでを実証しようとしています。SIPOとしては、地域発の実利用、impact finance、Cardanoによる検証可能な需要信号という方向性は評価します。一方で、RPCの法的性質と投資家保護、実収益・surplus valueの検証、Cardano上で何が実装され何がoff-chainなのか、simulated teamsから実運用への移行、Treasury repaymentなしの公共財性、監査・規制対応、既存Wada/Prisma資金との重複を確認する必要があります。
英語原文を表示
**Prisma is launching on Cardano:** 2 years of co-design with one of the most reputable [Regenerative Design](https://www.regenerat.es) institutions in the field, 2 further years of validation with grassroots networks, and a proposal scoped to implementation alone, raising additional web2 funds for biz-dev and operations. This proposal leverages real-world parameters from past events to forecast a conservative **CAGR of 11.6%** from community-led venture development. Prisma has been delivering programmes that facilitate the formation of teams working on local systems-change, building on Cardano, since 2023. First in [Wales](https://www.one-tab.com/page/F3PY1cbqRwmOVx4rEwUU4A), then in Africa, with [Wada](https://wada.org/), now in Argentina, with [El Futuro Imposible](https://theimpossiblefuture.org/). These teams are leveraging Cardano for verifiable measurements of real-world impact. Cardano Africa Tech Summit proved the organising methodology and infrastructure can scale: 1100+ participants, 12 hubs, 10 countries, 110 teams - in 5 months. Now we're launching into the next stage of this journey. Prisma as an organisation has now built up enough experience manually organising these events to be able to focus on developing the underlying infrastructure for distributed event organising. This protocol will enabe hub-networks to be able to access institutional-scale sources of capital and distribute it to network edges. **Revenue Participation Certificates**, an existing contract instrument in traditional legal systems, are used to coordinate distribution pathways and redemptions, enabling institutional capital to reach and fund community venture development, safely. This funding would enable us to demonstrate liquidity across the full-stack, from hub-network gateway to on-the-ground teams and back. The scope of this proposal is to generate the first contract redemptions: revenue released to initial funders, from surplus value created at network edges.