# FIP-2 Reward for proposing a successful FIP **URL:** \ **Category:** FIPs\ **Created:** [May 16, 2021, 5:11am UTC](https://gov.frax.finance/t/fip-2-reward-for-proposing-a-successful-fip/32 "2021-05-16T05:11:44Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![Mark11](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/mark11/32/21_2.png) [@Mark11](https://gov.frax.finance/u/Mark11)\ **Post date:** [May 16, 2021, 5:11am UTC](https://gov.frax.finance/t/fip-2-reward-for-proposing-a-successful-fip/32/1 "2021-05-16T05:11:44Z")
#### Summary: Propose FIP-2 for the minimum 5 day discussion prior to being submitted for snapshot to vote. FIP-2 would require, if passed, that authors of successful FIP are granted a bounty of $500 USD worth of FXS. #### Background: Taking the time to make a proposals is costly to individuals or groups - deep thinking, seeking and engaging with feedback and putting social credibility on the line when making a FIP is valuable. Making FIP’s that the community agrees with and passes are vital to the continued existence of the protocol and should be encouraged. #### Abstract: It is proposed that the authors of each passing FIP (to begin after this proposal) be rewarded with a Grant of $500 USD worth of FXS from the community fund - the amount split between the authors if there is more than one author. It is also proposed that Hameed be retroactively rewarded $500 USD worth of FXS from the community fund for authoring FIP-1. #### Motivation: At present there is no incentive for making Frax improvement proposals - FIP-2 fixes this. _ **For:** _ Authors of passing FIP’s be rewarded with a bounty of $500 USD worth of FXS from the community fund (split between them if there is more than one) - and Hameed be retroactively rewarded $500 USD worth of FXS from the community fund for authoring FIP-1. _ **Against:** _ Do not create rewards for FIP authors at this time. ---
**Author:** ![Jony](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/jony/32/41_2.png) [@Jony](https://gov.frax.finance/u/Jony)\ **Post date:** [May 17, 2021, 6:47pm UTC](https://gov.frax.finance/t/fip-2-reward-for-proposing-a-successful-fip/32/2 "2021-05-17T18:47:23Z")
Make $500 a parameter that the community can easily vote on occasionally. ---
**Author:** ![hameed](https://avatars.discourse-cdn.com/v4/letter/h/f17d59/32.png) [@hameed](https://gov.frax.finance/u/hameed)\ **Post date:** [May 17, 2021, 7:41pm UTC](https://gov.frax.finance/t/fip-2-reward-for-proposing-a-successful-fip/32/3 "2021-05-17T19:41:08Z")
@Mark11 - thanks for taking the time to write this up. I am supportive of this. While I appreciate the retroactive reward, it’s unnecessary. We can keep this clean and do it on a going forward basis. ---
**Author:** ![Mark11](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/mark11/32/21_2.png) [@Mark11](https://gov.frax.finance/u/Mark11)\ **Post date:** [May 19, 2021, 5:13am UTC](https://gov.frax.finance/t/fip-2-reward-for-proposing-a-successful-fip/32/4 "2021-05-19T05:13:27Z")
What do you think of an NFT for example each author of a FIP proposal be recognised with a unique NFT bearing the FRAX logo and FIP-#? ---
**Author:** ![Mark11](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/mark11/32/21_2.png) [@Mark11](https://gov.frax.finance/u/Mark11)\ **Post date:** [May 19, 2021, 5:14am UTC](https://gov.frax.finance/t/fip-2-reward-for-proposing-a-successful-fip/32/5 "2021-05-19T05:14:37Z")
Hi Jony - this won’t lock the $500 amount in stone - it could be updated by the community at any time through a subsequent FIP ---
**Author:** ![brazy](https://avatars.discourse-cdn.com/v4/letter/b/5fc32e/32.png) [@brazy](https://gov.frax.finance/u/brazy)\ **Post date:** [May 21, 2021, 1:05am UTC](https://gov.frax.finance/t/fip-2-reward-for-proposing-a-successful-fip/32/6 "2021-05-21T01:05:31Z")
What is the definition of an FIP? Is every proposal that goes through a governance vote considered a Frax-Improvement-Proposal? ---
**Author:** ![Mark11](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/mark11/32/21_2.png) [@Mark11](https://gov.frax.finance/u/Mark11)\ **Post date:** [May 21, 2021, 8:12am UTC](https://gov.frax.finance/t/fip-2-reward-for-proposing-a-successful-fip/32/7 "2021-05-21T08:12:53Z")
Yes - this would reward every vote that is successfully passes