Hi @ihsotas thanks for opening up this discussion. I think it is crucial for the future steps of funding initiatives, such as the PIP bounty program.
As of now, the rewards are given by Polygon Labs, which needs to comply with certain obligations as described in the Terms and Conditions that accompany the program because Polygon Labs is paying funds as rewards.
KYC is done by the Polygon Labs compliance team.
The review of the submitted PIPs is done on a quarterly basis by the Polygon Labs Governance Team and the rationale behind each allocation will be presented to the community for each selected PIP.
Moving forward to a more decentralized and open process all of your points make a lot of sense. Sign-in with Ethereum can be a helpful tool and of course, PolygonID can help with compliance while the users maintain full privacy of the provided data.
When it comes to the incentivization mechanisms, I believe that the financial incentives are important, and that is what we aim to provide with the PIP Bounty program as we want, ultimately all parts of the community to take ownership of the improvements and upgrades to the PoS and other Polygon protocols. However, I recognize that is not enough as there are other, non-financial, incentives that we are currently lacking and it would be great to start a discussion about that.
Happy to hear your and other community members’ thoughts on the topic 