KPI Process
Starting in S4, Grants Committee started a Key-Performance Indicator (KPI) process for projects who receive funding. This process has the following goals:
- To create a mechanism for Grants Committee to guide individual projects by participating in their goal-setting process
- To build a barebones accountability framework by publicly displaying KPIs for projects that receive funding
Table of Contents
Overview
Key Performance Indicators (KPIs) are metrics (numbers) that can be used to evaluate the health of a project. Just as your doctor can surmise your overall health by reading your blood pressure and pulse, the DAO can understand the health of a project based on tailored metrics for each project.
In Season 4, the Grants Committee started to collect metrics from every funded project and published them publicly () for accountability purposes. For any accepted grant, Grants Committee provides 50% of the grant amount up front, and 50% half a season later, provided KPIs are up-to-date. Projects who are up-to-date on reporting KPIs are also eligible for seasonal funding.
Project & Guild KPIs
To ensure the process runs smoothly, Grants Committee assigns Reviewers to each funded project. You can see the list of projects and reviewers on our . It is the reviewer’s job to solicit KPIs from projects, and it is the projects’ job to submit the KPIs as per the procedure below. Projects who do not submit KPIs are not eligible for grants.
Project List
Choosing KPIs
Projects propose 1-2 KPIs via their grant request forum posts. During the review process, Grants Committee members may request that projects change their KPIs (which the project may or may not accept). The Grants Committee then votes on whether or not to disburse grants given the KPIs that the project has submitted.
Some guidance on choosing KPIs:
- They should be measurable TODAY
- They should be understandable from an outside perspective; simpler metrics are usually more effective for early-stage projects.
- They should be broad enough so as not limit your team’s agility and specific enough to show change over one season.
- They should show progress on your impact (i.e. how you are pursuing the mission of BanklessDAO) and your self-sovereignty (i.e. how prepared you are to stand on your own).
Recording KPIs
When a project’s grants request has passed the GC , it will also be assigned a Grants Committee Reviewer. This reviewer will add the agreed-upon KPIs to the appropriate season’s .
Voting Procedures
Project & Guild KPIs
Once a month, the Grants Committee reviewer will reach out to Project Champions in their project thread under #grants-committee to solicit KPI measurements. Project Champions will response with KPIs, and the reviewer will record them in the appropriate season’s .
Project & Guild KPIs
In the event that the Project Champion does NOT respond with KPIs after several attempts, the GC Reviewer will mark the project as “Delinquent” in . Delinquent projects are unable to receive any additional BANK, including new grant requests. Delinquent projects may put themselves back in good standing by reporting previously unreported KPIs.
Project List
Example Workflow for Grant Reviewers
- Go to the BanklessDAO forum and search for the project’s S9 funding request to view their s8 KPIs
- Add the KPIs for your project to S8 Project KPI Measurements
- Find the Project Champion’s discord name in Project List
- Open a thread under #grants-committee and tag the Project Champion, asking for their KPIs
- i.e. “Hey @Icedcool, I’m your grants Committee Reviewer for Bounty Board. Can you please submit your KPIs for May and June? They were: - # of bounties claimed - # of sponsorship leads”
- Record the KPIs in this page: S8 Project KPI Measurements
- If the Project Champion doesn’t answer after being prompted 3 times, then you can mark them as “Delinquent” in Project List