Grants Committee Weekly May 3, 2022
Attendance
Date
May 3, 2022
Last Edited Time
May 3, 2022
Last edited by
Note-taker
Recording
Multi-select
Action Items from Previous Meeting:
Icedcool to spearhead async KPI flow
- pretty close to complete, need to get GC feedback
links to write snapshot proposal for guild/project funding
Icedcool to make an announcement in announcements channel
Accounting:
We are still between seasons, so this section will be skipped
- Bank for the remaining of the season:
- Average BANK per week left :
- Grants Committee Funding tracking
Discussion:
PM Guild reloaded
It was brought to our attention that there was some confusion about what was being voted for last season.
- some GC members thought they were voting to instantiate a PM guild with no funding
- some GC members thought they were voting on the forum proposal above (with financial implications of 220,000 BANK)
As a result, links has drafted up a document on GC Voting Procedures:
Voting Procedures
all grants committee members to weigh in on voting procedures
VOTE: Do you agree to fund a Project Management Guild as stated in this proposal? https://forum.bankless.community/t/founding-a-project-management-guild-2-0/3251
- Yes: Icedcool, jameswmontgomery, lion917
- No: Chuck
- Abstain: Rene, links
THE PROPOSAL PASSES
Retroactive funding?
- does this need to be voted on? it was voted on by previous Grants Committee and we are simply honouring their agreement
- DECISION: this funding does not need to be voted on, it should be disbursed
Grants committee quorum
Issue: Seasonal specs on snapshot show us having a quorum of 5, but the Grants Committee has operated in the past with a quorum of 4
- wat do?
- Iced opinion - Forum post, acknowledging our short coming and ask for acceptance from the DAO. If disputed, we fix it.
- quorum and vote passing
- quorum = the amount of people present
- vote passing = the amount of people it takes to pass proposals
- What is simple majority?
- UN = 50% of all votes cast +1
- Westminster = 50% of (all votes cast - abstention) - 1
- What about abstention?
- if too many people abstain, it goes to snapshot
- how many is too many? 3
PROPOSAL: Vote clarifications
- If a member of Grants Committee is a named role holder, they must abstain
- 3 or more abstentions means that the proposal must go to Snapshot
- We have a quorum of 5 people - which means 5 people must be present to conduct business
- We use simple majority to pass votes (>50% of all votes, not including abstentions)
VOTES
- Yes: Icedcool, Rene, links, jameswmontgomery, lion917, Chuck
- No:
- Abstain:
THE PROPOSAL PASSES
Proxy voting?
- we need some verifiable way to ensure that the proxy is valid
Async Voting
jameswmontgomery has a draft async voting workflow: https://docs.google.com/document/d/1HBqBcv8dSgQXfADqdBBW6XYMXoBr_8Efc-UBnPSY814/edit
Question: should we use async voting?
- async voting could change our committee drastically
- we’re following a parliamentary system - we have some sort of discussion, etc
- so this could be a big change of our system, perhaps less democratic
- concern: voting should happen after discussion
- we will continue to have weekly discussion
- discussion could happen on the forums as well - Grants Committee should be reading proposals
- don’t want to rob ourselves of the opportunity to discuss things in a synchronous, transparent way
- IDEA: How about we set any poll that has dispute goes to sync discussion?
- IDEA: How about having a poll option to discuss, and that will be sent to sync discussion?
- proxy voting: a poll gated by role would allow us to accomplish this
- in fact it allows ALL votes to be captured in text form
- concern: would it make the live meetings useless?
- concern: would it cause people to “mail it in” i.e. not do a good job?
- it’s important to vote in person in public
- proxy voting and async voting remove accountability from this committee
- proposals are strengthened by context - this is of benefit to the DAO
- our contributors deserve to have their day - a live audience
- Accountability is important, but does meeting synchronously = accountability?
- We are stretched as a committee - 30+ proposals a season and 1hr/wk is not enough
- we need to figure out ways to increase our capacity = async tooling
Rene to make a thread on this for async discussion
james to get the document ready to vote on next week
grants committee members to weigh in on the doc