Nym Squad League: Spring season report

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The Spring season of the Nym Squad League has just ended and the community has achieved a lot over the past three months!

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Nym Squad League sets out missions for the community and broader ecosystem. These missions contribute to fixing the broken internet by enabling privacy. Community members are rewarded for completing missions from the Squad Wealth Fund (community treasury).

With the Spring season now over, it’s time to take a look back at what has been achieved and assess the state of the community treasury.

Spring season achievements

The Spring season missions had four key objectives for the community. Let’s take them in order and see how we did!

1. Prepare mainnet for the NymVPN Launch

• Governance proposals: four on-chain proposals were discussed and voted on. These determined a minimum profit margin, as well as the distribution of rewards across layers in the Nym network.
• Node testing and upgrade: 365 Nym nodes were upgraded (smooshed) to improve the network.
• The core team and node operators worked closely to boost network reliability and performance.
• Community program of operator mentorship was expanded, with more experienced operators teaching new ones all about running Nym nodes.

2. Test NymVPN with different audiences

• Community Testing: Nym community continued testing the NymVPN Alpha release across four different continents, providing valuable feedback through 150 bug reports and feature requests.
• Global Outreach: the NymVPN was showcased at 15 events and workshops worldwide, reaching audiences from Vietnam to Brazil.

3. Build new tools for the Nym ecosystem

• CRM System: Improvements were made to the community-developed CRM system to enable the Nym Delegations Program. .
• Mixplorer.xyz: This community-built explorer for the Nym network is seeking further development funding.

4. Grow and strengthen the Nym community

• New Members: 250 new members joined the Nym Squad League, with most staying active.
• Increased Contributions: Contributions grew from 22 to 52, with members taking on roles like community management and translations.

To find out more about these achievements, download the full Spring season report here.

State of the Squad Wealth Fund

The Nym Squad League takes rewards generated from the official Nym Nodes Delegations Program and puts it into a community treasury called the Squad Wealth Fund. Rewards are redeemed and distributed from this treasury to the Nym ecosystem on a quarterly basis for outstanding contributions.

Squad Wealth Fund spending increased from 150k to 260k NYM compared to the Winter season. This is because the Squad League grew a lot! In fact, 250+ new participants registered and over twice as many notable contributions were submitted this session.

The Nym treasury delegated 29,750,000 NYM tokens this season. The fund earned 490k NYM and ended with a positive balance, leaving over 530k NYM in the Nym community’s warchest for future use:

Looking Ahead to the Summer season

The Spring 2024 season of the Nym Squad League was a success, with significant community growth and achievements.

As the league prepares for the summer season, the focus remains on fostering innovation, improving the network, and engaging the community.

Various improvements are in the pipeline for the Squad League framework. The Summer season objectives for the Nym community will be:

1. Advancing the Alpha, boosting the beta of NymVPN
2. Strengthening and optimizing the Nym network
3. Developing tools and apps on the Nym mixnet
4. Growing the global Nym community

The community treasury already has 530k NYM to support these objectives, with more rewards being accrued over the next season. The full list of Summer season missions will be announced next week.

Get involved, visit the Nym community forum and check out the full Spring Season report.

Join the Nym community and contribute to enable privacy for all of humanity!