RootstockCollective In-Depth: Empowering Bitcoin Builders

RootstockCollective is the first DAO designed to reward builders and users of Rootstock, the leading and longest-standing Bitcoin sidechain. 

Historically, Bitcoin miners and holders were the primary beneficiaries of the network’s growth. RootstockCollective changes this by introducing a decentralized mechanism to share value between builders and their supporters, driving innovation and growth in Bitcoin’s DeFi ecosystem.

Stake your RIF and join RootstockCollective.

What Is RootstockCollective?

RootstockCollective is a new addition to the Rootstock ecosystem. It aligns builders and stakers on a shared mission – align builders and stakers to create a self-sustaining ecosystem on Bitcoin.

Participants are rewarded as follows:

1. Builders: Developers who create solutions on Rootstock earn RIF and RBTC rewards for their contributions.
2. Backers: RIF stakers who support builders receive a share of builder rewards, fostering mutual growth.

By empowering both groups, RootstockCollective democratizes value capture, ensuring everyone can contribute to the ecosystem’s success.

Foundation on Rootstock Blockchain

The Rootstock blockchain is known to be the first and longest-lasting Bitcoin sidechain. It leverages Bitcoin's proof-of-work security model via merge-mining , a mechanism that allows the same hashrate deployed on the Bitcoin blockchain to secure Rootstock. 

Additionally, Rootstock is EVM compatible, meaning that everything built on Ethereum can be easily ported to Rootstock to benefit from its robust security.

In terms of the governance token, the RIF token was chosen because it is one of the most widely available and easily accessible tokens on Rootstock. By linking governance power to the RIF token, community members can actively participate in decision-making through stRIF, which is minted by staking RIF .

This approach allows members to utilize a token they are already familiar with, ensuring a seamless transition into governance roles. Additionally, it strengthens the community’s influence over the future direction of Rootstock, as the DAO can integrate other RIF-enabled protocols, such as RifOnChain and RIF Name Service (RNS), and direct ecosystem revenue to support community-led initiatives.

Collective Rewards Program

The Collective Rewards program incentivizes innovation and engagement, benefiting both builders and backers.

For Builders:

• Builders develop projects on Rootstock and are approved by the community to receive rewards.
• Rewards foster sustainable growth by sharing a percentage with backers (i.e. supporters of builders), encouraging ecosystem support.

For Backers:

• Backers stake RIF to mint stRIF, which is used to vote for and back builders.
• Backers earn rewards based on the builder’s performance and their level of support.

This reward-sharing mechanism creates a virtuous cycle of innovation and collaboration.

Getting Started

For Builders:

• Submit your proposal to the community.
• Complete KYC verification.
• Set your backer-reward percentage and start earning rewards.

Become a builder.

For Backers:

• Stake RIF to mint stRIF.
• Use stRIF to back builders and earn a share of rewards.
• Monitor and claim rewards via the RootstockCollective dApp.

Become a backer.

The Future of RootstockCollective

With over $170,000 in RIF and $591,040 in RBTC already distributed, RootstockCollective has laid a strong foundation for decentralized governance. Future plans include deeper decentralization, Tally integration, and treasury growth through Rootstock network fees.

RootstockCollective is building the foundation for a thriving Bitcoin DeFi ecosystem. Institutions, developers, and stakers are invited to join the revolution.

This post is commissioned by Rootstock and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.