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Contributor Access Bundle DBs
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Decide on splitting from FDD funding for Q4

Decide on splitting from FDD funding for Q4

Proposed By
Essential Intent
Outcome
PASSED
Proposal Date
Oct 19, 2021
Meeting Notes
Type
Budget
Last edited time
Jul 25, 2022
Meeting Notes:
Outcome: Passed ✅
Outcome Summary
This proposal passed with Option 1 as the selected outcome. FDD will continue administering the funding (Not governing it) and submit budget proposal for full amount to support all DAOops & community streams it is currently supporting.
Proposal
Proposal 1: Decide on splitting from FDD funding for Q4
  1. Option 1 - Have FDD continue administering the funding (Not governing it) and submit budget proposal for full amount to support all DAOops & community streams it is currently supporting
    1. INFO - DAOops Governance squad determines amounts and splits for DAOops, TBD for community but I'd imagine a multisig as oversight
    2. INFO - FDD would then transfer funds to stream multisig when it is ready to spin out
    3. PRO - Buys us time making sure streams are collectively agreed on without rushing
    4. CON - Requires trusting the FDD multisig board to release stream funds
  1. Option 2 - Have each stream (or some of the streams) apply for q4 budget directly to the DAO or start up a new stream to cover all these expenses
    1. INFO - Would require deciding which streams to spin out, agreeing to governance representation, and submitting & passing proposals to get contributors payments after 11.1.21
    2. PRO - FDD won't have "too much"
    3. CON - Might not be able to get funds to pay contributors
    4. CON - If FDD isn't supported in procuring the funds, then they won't have the extra available to step in to support this time
  • Tension: FDD wants to submit its budget proposal and has written the following on it on a blog post that will be published following this meeting.
  • Proposal: Align behind the model proposed in the above excerpt or decide to apply for the streams separately.
  • Clarifying questions:
    • Ryan: not entirely sure option two is feasible - joe agrees
    • Kris: is that budget already defined? coming up in the chat, 2 more weeks
    • Kyle: how much of your Q3 budget is remaining - 258K will be spent, barely over budget
    • Kyle: price range - will do 20 day moving averages for future
    • Kyle: fixed allocation amounts to reward in gtc vs fiat, currently in gtc? joe: no dollar amounts are being used
    • Kyle: what percentage went to DAOop, Community, & User Support streams: 40% went to this
  • Reactions
    • QZ: good that budgets can get approved fast. (we should set this in a timeboxed fashion)
    • Ryan: a timeline for q1 would be good
    • Kris: I think it would be great to do this with funds coming from FDD to keep things easily
    • Kyle: We could also take it from other budgets. Whatever has the easiest way to get approved gets my go.
    • Joe: If we took from other budgets we would still need someone to administer it. That is what FDD is proposing to do.
    • Philip: We could have some funding come from ours.
    • Ryan: Priority is to continue the funding, +1 on what kyle said
    • Kish: Go for option 1 for now
  • Integrated proposal
    • Post our updated proposal today/tmrw.
    • Proposal (Option 1) passed
🗃️
Contributor Access Bundle DBs
/
Decide on splitting from FDD funding for Q4

Decide on splitting from FDD funding for Q4

Proposed By
Essential Intent
Outcome
PASSED
Proposal Date
Oct 19, 2021
Meeting Notes
Type
Budget
Last edited time
Jul 25, 2022
Meeting Notes:
Outcome: Passed ✅
Outcome Summary
This proposal passed with Option 1 as the selected outcome. FDD will continue administering the funding (Not governing it) and submit budget proposal for full amount to support all DAOops & community streams it is currently supporting.
Proposal
Proposal 1: Decide on splitting from FDD funding for Q4
  1. Option 1 - Have FDD continue administering the funding (Not governing it) and submit budget proposal for full amount to support all DAOops & community streams it is currently supporting
    1. INFO - DAOops Governance squad determines amounts and splits for DAOops, TBD for community but I'd imagine a multisig as oversight
    2. INFO - FDD would then transfer funds to stream multisig when it is ready to spin out
    3. PRO - Buys us time making sure streams are collectively agreed on without rushing
    4. CON - Requires trusting the FDD multisig board to release stream funds
  1. Option 2 - Have each stream (or some of the streams) apply for q4 budget directly to the DAO or start up a new stream to cover all these expenses
    1. INFO - Would require deciding which streams to spin out, agreeing to governance representation, and submitting & passing proposals to get contributors payments after 11.1.21
    2. PRO - FDD won't have "too much"
    3. CON - Might not be able to get funds to pay contributors
    4. CON - If FDD isn't supported in procuring the funds, then they won't have the extra available to step in to support this time
  • Tension: FDD wants to submit its budget proposal and has written the following on it on a blog post that will be published following this meeting.
  • Proposal: Align behind the model proposed in the above excerpt or decide to apply for the streams separately.
  • Clarifying questions:
    • Ryan: not entirely sure option two is feasible - joe agrees
    • Kris: is that budget already defined? coming up in the chat, 2 more weeks
    • Kyle: how much of your Q3 budget is remaining - 258K will be spent, barely over budget
    • Kyle: price range - will do 20 day moving averages for future
    • Kyle: fixed allocation amounts to reward in gtc vs fiat, currently in gtc? joe: no dollar amounts are being used
    • Kyle: what percentage went to DAOop, Community, & User Support streams: 40% went to this
  • Reactions
    • QZ: good that budgets can get approved fast. (we should set this in a timeboxed fashion)
    • Ryan: a timeline for q1 would be good
    • Kris: I think it would be great to do this with funds coming from FDD to keep things easily
    • Kyle: We could also take it from other budgets. Whatever has the easiest way to get approved gets my go.
    • Joe: If we took from other budgets we would still need someone to administer it. That is what FDD is proposing to do.
    • Philip: We could have some funding come from ours.
    • Ryan: Priority is to continue the funding, +1 on what kyle said
    • Kish: Go for option 1 for now
  • Integrated proposal
    • Post our updated proposal today/tmrw.
    • Proposal (Option 1) passed