Grants Committee Weekly Aug 23, 2022
Attendance
lion917, p8aul.eth, jengajojo, rene, links, jameswmontgomery, ap0ll0517.eth
Date
Aug 23, 2022
Last Edited Time
Aug 24, 2022
Last edited by
Note-taker
links
Multi-select
Action Items
Accounting
(Ap0ll0517.eth to fill in)
- Bank for the remaining of the season: 4.95 million BANK ~ $72,600
- Average BANK per week left :
- Grants Committee Funding tracking
Discussion
Discussion - Async Project Voting
- Grants lead creates the thread for project submissions
- We use the existing async voting workflow
- How long does it take?
- 7 days for discussion, 7 days for poll?
- When should the poll go up?
- right away? after 7 days?
- if you have it up right away, you could have 4 yeses and then… you have less incentive to look at it
- if we put the poll up right away, the “happy path” could be as fast a single day
- even if you put the vote up, you can change people’s minds
- When do polls conclude?
- both a time limit and 7 votes have been collected
- links is worries that it’s going to take a lot more time to process the new projects list
- currently it takes about 2 mins/project, there will be more overhead with this process (create thread, create poll, ensure poll ending it tracked)
- can we assign reviewers who create thread, etc?
- jameswmontgomery would like to create some ability to automate this
ACTION: jengajojo to update the Proposal Review Workflow as per the above
ACTION: links and p8ul.eth to start assigning reviewers to projects as they come in
- reviewers will create threads, create polls, clean up polls, etc
Discussion - S5 KPIs for Projects
KPI Process for Projects was started last season…here’s what each Grants Committee member has to do to keep it up this season:
- Check out which projects you’re responsible for on Project List
- For each project above…
- Check whether or not the multisig is recorded in the Project List
- Check whether or not their KPIs are filled in for S4 here: S4 Project KPI Measurements
- Check whether or not they have KPIs defined for S5: S5 Project KPI Measurements
- For the info that is missing for your projects, find or create a thread under #grants-committee for the project and tag the project champion to get the info we need
- Ensure all of the info is updated in the docs mentioned above (S4/S5 KPI Measures and Project List)
Current Projects missing Reviewers:
- Bankless Loans
- bDAO Legal Entity Wrapper Research
- First Quests
Current projects that are missing S4 KPIs:
- Bankless Brasil (
)
- bDAO Legal Entity Wrapper Research (?)
- Crypto Sapiens (
)
- International Media Nodes (@ap0ll0517.eth)
- Website Project (@james Montgomery)
Some notes on S5 KPIs
- can you try to make the KPIs on separate rows? counterexamples: infosec team and podcast hatchery have multiple KPIs on the same row
Project: Tokenomics Leveling Up initiative
Speaker: 0xBlockBoy 🏴#8972
Ask: 62,150 BANK
0xBlockBoy requests that this project goes through our async discussion workflow, if it’s ready
KPIs?
- mission_KPI
- self-sovereignty_KPI
VOTE: Do you agree to fund 62,150 BANK as stated in the above proposal with the KPIs mentioned above?
- Yes:
- No:
- Abstain:
THIS MOTION PASSES/FAILS
Project: DAO Dash
Speaker: RunTheJewelz#7931
Ask: 850,000 BANK
KPIs?
- mission_KPI - # of unique users
- they don’t have this capacity to do this yet, but they can make it this season
- amount of BANK being paid by BanklessDAO entities to DAO Dash
- links says that Grants Committee has a use case
VOTE: Do you agree to fund 850,000 BANK as stated in the above proposal with the KPIs mentioned above?
- Yes: lion917, p8ul, ap0ll0, jengajojo, rene, links, jameswmontgomery
- No:
- Abstain:
THIS MOTION PASSES
Project: The Rug
Speaker: MW#4059
Ask: 700,000 BANK
KPIs
- mission_KPI?
- reach?
- self-sovereignty_KPI?
- website % completion?
- revenue?
VOTE: Do you agree to fund 700,000 BANK as stated in the above proposal with the KPIs mentioned above?
- Yes: p8ul.eth, jengajojo, rene, links, jameswmontgomery
- No:
- Abstain: Ap0ll0
THIS MOTION PASSES
Project: DomainDAO Partnership
Forum post: https://forum.bankless.community/t/domaindao-x-banklessdao-bankless-dao-url/4078
Speaker: NF Thinker🏴#2814
Ask: 0.1 ETH
KPIs
- mission_KPI
- steps towards bankless.dao domain completed? (i.e. 4/4)
- self-sovereignty_KPI - not needed as this is a one-off
VOTE: Do you agree to fund x as stated in the above proposal with the KPIs mentioned above?
- Yes:
- No:
- Abstain:
THIS MOTION PASSES/FAILS
Project: GM Bus and Green Pill Trailer - Season 1
Speaker: Yalor#8008, Crypto Bushi#7859, Sinjun#0283
Ask: 357,000 BANK
KPIs
- mission_KPI?
- Social media enagagement.
- Communities reached.
- DAO’s created.
- self-sovereignty_KPI - is this an ongoing project?
VOTE: Do you agree to fund 357,000 BANK as stated in the above proposal with the KPIs mentioned above?
- Yes:
- No:
- Abstain:
THIS MOTION PASSES/FAILS