Grants Committee Agenda - 7/27/21
Attendance
Date
Jul 27, 2021
Last Edited Time
Feb 18, 2022
Last edited by
Note-taker
Recording
Multi-select
Agenda:
- Bank Future Valuation Discussion
- Iced would like to discuss valuation of BANK that the DAO would like people to request funding in.
- We should agree upon a future valuation of bank as a baseline around which to judge program and project funding requests.
- This enables people to account for their hours, as well as ask for funding in a reasonable amount while making sure the DAO has bank to work with.
- Term limit Discussion
- Previous discussion - To be discussed
- General member
- Term: 2 seasons? - No term limit?
- Maximum Consecutive term = 4 seasons?
- Joe's idea of increasing requirement for approval?
- Implementation?
- Grants Committee leader appointment
- To be elected per season?
- For the life of their term?
- Approving applications and funding
- 5 million for distribution
- No requests yet!
- Reviewing project apps and funding
Notes:
- No projects to fund yet
- Multisig or individual wallet?
- If funding is more than 100K BANK, then multisig
- Smaller funds can go directly to project champion
- Gas fees will not be reimbursed. Funding must account for gas fee
- KPI Bonuses
- Problem from Yves: People are dropping off or taking breaks without communication, meaning responsibilities are being dropped
- Tying compensation to actions may increase accountability
- Icedcool will meet with Yves to work through this
- Project Expectations
- Notion page
- Weekly / Biweekly meetings
- Clear communication between project participants
- Accountability
- Resourcing - OR LACK THERE OF
- Possible Project Updates as part of CC instead of Guild Updates?
- Problem with this is not all activities will be represented if we switch to projects. EG, research guild may not have project updates, but may have asks for the community to participate
- Lets try this for a few weeks and see how people feel
- Lucas to work on agenda
- Roles within guilds?
- Guild Organizer - Meetings, responsibilities, etc.
- Talent Organizer - Finding people to fill roles and projects
- Multiple time slots for CCs? Some members are not able to make 11am EDT on Fridays
- Grants committee providing a possible valuation for BANK to help members value their work
- 25 cents valuation at 250-300 BANK per hour