Grants Committee Weekly Jul 12, 2022
Attendance
Icedcool, links, rene, kouros, chuck, lion917
Date
Jul 12, 2022
Last Edited Time
Jul 12, 2022
Last edited by
Note-taker
Recording
Multi-select
Team Perspective
- Jameswmontgomery is on vacation this week
- Retrospective is next week July 19
Accounting
- Bank for the remaining of the season: ~1M left, but more with reconciliation
- Average BANK per week left :
- Grants Committee Funding tracking
Discussion
Project: Podcast Hatchery Supplemental S4 Funding for Making Bank Podcast
Forum post: https://forum.bankless.community/t/podcast-hatchery-supplemental-s4-funding-for-making-bank-podcast/3733
Speaker: Elemental #7854, Woon Tan#2967
Ask: 341,000 BANK
Started in S3 - initial podcast created by Podcast Hatchery
- creator of the show left the hatchery late in the season - left flat-footed for S4 budgeting
- the S4 budget ended up being low as a result
- the value of Making Bank: breaking down communication silos within the DAO
- by BanklessDAO for BanklessDAO
- profiles on DAO members, deep-dives into projects, important discussions of DAO-related topics, forum posts, and community call discussions
- more expansive discussions, allow people to get this content on their own schedules
- because they are an internal podcast, they are less concerned with self-sovereignty at the moment, BUT there are other interesting revenue streams other than sponsors
- more web3-native stuff, like patronage NFTs, subscription NFTs, but it’s quite early to see how this might work
- want to concentrate on creating quality podcasts
what kind of touchpoints do you have with your audience?
- working w/ WG to create synergies of newsletter content w/ podcasts (cross amplification)
- have forms to gather feedback directly from audiences, have previous hosts (first-time podcasters) and then they onboard them as contributors
- they have the benefit of being able to announce things on the community call, there is twitter
- they are looking at ways to increase their audience, they have a role on podcast hatchery that works towards this
do you have sponsors?
- not yet - it’s difficult with our audience who is mainly internal BanklessDAO
- sponsorship deals are in plan for S5
- as an internal BanklessDAO soapbox - perhaps this never needs outside funding? A point to think about later
Q: Should we split this in half?
- DECISION: disburse all the funding in one shot
KPIs
- Completion and publishing of 13 original podcast episodes during Season 4.
- 50% season over season audience growth (measured download and audience engagement numbers)
VOTE: Do you agree to fund 341,000 BANK as stated in the above proposal with the KPIs mentioned above?
- Yes: Icedcool, links, Kouros, Rene, Chuck, lion917
- No:
- Abstain:
THIS MOTION PASSES
Quorums: should we adjust our forum quorum based on latest forums numbers?
In terms of contributors, it feels that there are less active ones than there used to be. Therefore quorums may be high right now.
- The quorums on our procedures page mirror the one’s in frogmonkee’s post on Firming Up Governance
- But were those quorums voted out in the Quorum Removal Vote?
- And the original snapshot post for firming up governance didn’t pass its own quorum, which was part of the proposal “Vote to abide by the quorum, voting, education, and presentation guidelines set forth within this proposal.”
links’ opinions:
- I don’t think we actually have any DAO-wide quorum requirements
- The quorum requirements are useful from a Grants Committee perspective
- We should set some quorums for proposals to be reviewed, but need a consistent method to do so
Do we have forum quorums? How do we set forum quorums?
GSE may have some mechanisms to allow us to measure “DAO participation”
Are quorums a signal or a filter?
- i.e. signal - the community agrees with this, grants reviews
- i.e. filter - the grants committee will only review stuff that hit this point so as not to be flooded
Should L2’s be responsible for looking at proposals?
- Some would say it’s their responsibility
- Some would say that L2 is a badge of contribution, not governance
- Is it fair to expect you read EVERYTHING on the forum as an L2?
Maybe make quorum half of what it was before?
- it’s a bear market, less people are active
ACTION: links to figure out a % we should change the quorum and bring it back to the committee
Discussion: The way we are creating proposals in the S5 Spec
moved to async discussion: https://discord.com/channels/834499078434979890/996478322831802508
Discussion: 1000 BANK/hr
moved to async discussion: https://discord.com/channels/834499078434979890/996478653129039955