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Editing or Creating Product Creator Fees

About

When a product is created, the org. can set a Product Creator Fee. On a successful completion of a project with in a product category. The creator(s) are paid a fee. The fee represents an equity stake in the product that is paid out as passive income for creating a product. It's used to incentivise creating new products within Deep Work as an organisation, rather than 'going alone'.

Mechanism

We use 0xSplits to create one address for each product split when multiple users created a product. This address is added as a user in the Deep Finance application.

Current Fees

Product Design - Prototype

Creator Fee: 4%
Split:
  • Charlie Ellington - 50%
  • Andrej Berlin - 50%
OxSplit: 0x4b50107CCD93d467D79179d7A370452c424f453b

Product Design - Implementation Ready

Creator Fee: 4%
Split:
  • Charlie Ellington - 50%
  • Andrej Berlin - 50%
OxSplit: 0x4b50107CCD93d467D79179d7A370452c424f453b

Branding & Visual Identity

Applicable to Branding and custom Branding projects.
Creator Fee: 4%
Split:
  • Balint - 27%
  • Jesse - 25%
  • Andrej - 34%
  • Charlie - 8%
  • Christoph - 6%
0xSplit: 0xE30bc651185A5E1994e62E1E9bf2F69c8057cC8d

Research Article

Creator Fee: 4%
Split:
  • Bence Gulyás - 30%
  • Andrej Berlin - 30%
  • Colin Mortensen - 30%
OxSplit: TBC
Spreadsheet: Research Article

Creating a new split

E.g. for a new product
  • Use the DEEP token treasury Gnosis SAFE to create a new 0xSplit Using a SAFE adds an extra layer of security and allows for editing the split in the future.
  • Use the 0xSplit application within Gnosis SAFE - accessible within apps or via: https://app.0xsplits.xyz/split/
    • Recipients:
      • Enter the address and percentages of the users to receive the split of the creator fee.
    • Distribution Incentive:
      • Set to zero percent.
      • There is no need to set a fee return to the distributor in the system we use.
    • Split Type:
      • Mutable
      • Make sure the controller address is the SAFE address
      • This means the split can be edited in the future.
  • Update this documentation with a link to the new split and amounts (as above).
  • Update Deep Finance application with a new user:
    • Go to the Deep Finance application
    • Create a new user with the following details:
      • Ethereum address of the Split created above
      • Name: "Creator Fee - [Product Name]" - e.g. "Creator Fee - Branding"
      • This means when a project completes, the project owner can pay the creator fee to one address and the split we'll be automated.

Editing a Split

  • Follow the process above
  • Within the 0xSplits application, you'll see the option to edit an existing split when the correct wallet is connected.
  • Update the necessary spreadsheets and Grids (as above)

Deep Finance Application Users

Creator Fee
Email
Password
Wallet Address
Product Design Creator Fee
Password
0x4b50107CCD93d467D79179d7A370452c424f453b
Product Design Creator Fee
Password
0x4b50107CCD93d467D79179d7A370452c424f453b
Branding Creator Fee
Password
0xE30bc651185A5E1994e62E1E9bf2F69c8057cC8d