Discussion : Purpose of Grants Committee

Per the constitution: 

bankless-dao-constitution/bdao-constitution.md at main · BanklessDAO/bankless-dao-constitution

Version 1.0 This document represents BanklessDAO's values, mission, structure, processes, and governance according to the best of our community's ability to capture it. It is the codification of our community operating system and is meant to serve, rather than constrain its members.

https://github.com/BanklessDAO/bankless-dao-constitution/blob/main/bdao-constitution.md#grants-committee

bankless-dao-constitution/bdao-constitution.md at main · BanklessDAO/bankless-dao-constitution

This committee is responsible to vet groups seeking midseason funding and consequently ensure funded entities provide ongoing transparency into the state of their development.

The grants treasury will be used to fund projects that are ready to start mid-season and can’t or shouldn’t wait for the next season for funding. The treasury can also fund projects that don’t align with the current DAO priorities but align with its mission and values and warrant funding.

Grants Committee consists of 5-7 members along with a multisig with all committee members as signers. The Committee has a quorum with five members but is otherwise responsible for its own operations. The Committee cannot change the application process to be a Committee member without a snapshot vote and is encouraged to accept the DAO’s proposal template. The Grants Committee is required to be transparent and communicative with the DAO, such as access to Committee meetings and an opportunity to voice opinions and feedback.

Grants Leads are key individuals responsible for organizing the program and ensuring that things move smoothly and efficiently. The lead will likely dedicate a significant amount of time to the program. There are two Grant Leads to ensure there is not a single point of failure. Grants Leads serve a 6-month term and can resign at any time. The committee will elect two Leads from within the group of 7 reviewers.

Grants Reviewers process applications, weigh in on discussions surrounding budget planning, ensure that the lead is acting in good faith and is effective in their role, and will operate a 4 of 7 multisig which disburses funds to grantees. The reviewers will also hold the program accountable to its goals and objectives and return any excess funds to the Bankless Treasury. Reviewers are likely to dedicate a smaller amount of time to the program. Grants Reviewers serve a 6-month term and can resign at any time.

Discussion : Purpose of Grants Committee

Per the constitution: 

bankless-dao-constitution/bdao-constitution.md at main · BanklessDAO/bankless-dao-constitution

https://github.com/BanklessDAO/bankless-dao-constitution/blob/main/bdao-constitution.md#grants-committee

This committee is responsible to vet groups seeking midseason funding and consequently ensure funded entities provide ongoing transparency into the state of their development.

The grants treasury will be used to fund projects that are ready to start mid-season and can’t or shouldn’t wait for the next season for funding. The treasury can also fund projects that don’t align with the current DAO priorities but align with its mission and values and warrant funding.

Grants Committee consists of 5-7 members along with a multisig with all committee members as signers. The Committee has a quorum with five members but is otherwise responsible for its own operations. The Committee cannot change the application process to be a Committee member without a snapshot vote and is encouraged to accept the DAO’s proposal template. The Grants Committee is required to be transparent and communicative with the DAO, such as access to Committee meetings and an opportunity to voice opinions and feedback.

Grants Leads are key individuals responsible for organizing the program and ensuring that things move smoothly and efficiently. The lead will likely dedicate a significant amount of time to the program. There are two Grant Leads to ensure there is not a single point of failure. Grants Leads serve a 6-month term and can resign at any time. The committee will elect two Leads from within the group of 7 reviewers.

Grants Reviewers process applications, weigh in on discussions surrounding budget planning, ensure that the lead is acting in good faith and is effective in their role, and will operate a 4 of 7 multisig which disburses funds to grantees. The reviewers will also hold the program accountable to its goals and objectives and return any excess funds to the Bankless Treasury. Reviewers are likely to dedicate a smaller amount of time to the program. Grants Reviewers serve a 6-month term and can resign at any time.