[GOVERNANCE PROPOSAL] SubDAO Formation [draft]
A Synthesis of Governance Frameworks for Crypto Sapiens
Created: 6/28/22 by Flowscience
Last edited: 7/14/22
Contributors: Flowscience, …
What is the purpose of our community?
- To highlight the stories of builders and changemakers in web3. We do this by featuring guests and the projects they have contributed to on our podcasts and even invite community members to take lead in organizing these discussions. This requires a steady flow of capital to support the production of these shows and the governance of the community at large. Our community must therefore be self-sustaining in the ability to generate income and distribute funding to community initiatives.
How Crypto Sapiens Can Generate Income
- Donations and grants
- Bankless DAO, Gitcoin, Giveth, Panvala, and numerous project ecosystems
- Revenue through creating value for others
- Content Sponsorships (e.g. podcasts, newsletter, etc.) and Collaborations
- Products (e.g. merch, art, etc.)
- Merchandise (hats & apparel)
- Pending proposal for partnership with UltraSound Merch
- Two Contributors to Crypto Sapiens are heavily involved with USM
- Membership
- Services (e.g. event production either virtual or IRL, workgroup consulting to outside groups by marketing, design, AV, research, etc.)
Membership: Who Are Crypto Sapiens?
A) Standard Requirements: NFT holders, other requirements?
B) How To Become A Member
- Genesis NFT mint
- Soulbound?
- Airdrops?
- Raffle-style mint
- Total supply?
- Premint allocation?
- Premint rules, terms and conditions?
- Premint start/end times?
- Ongoing daily Nouns-style auction mint
- Contributor pathway to become a member without buying auction?
Governance of Income
Governance of income-generating activities can be managed by the projects and individuals who propose community initiatives and receive funding. The ability of projects to be self-sustaining, either through their own initiatives or by plugging into existing community initiatives (e.g. workgroups, merch, grants, etc.) should be evaluated in their proposals and funding requests.
Governance of Spending
Governing the distribution of funding is deeply interconnected to the membership structure we choose to implement. Two well-known and prominent governance frameworks we have considered to date are the Moloch DAO governor and the Nouns DAO governor. We can also do simple token based governance using either a fungible (LP) token and a minimum holding requirement, or by holding an NFT (either transferrable or non). The specific applications of each for our community are explored and considered critically below.
- LP Token Governance
- wen stuff?
- Single Token NFT Based Governance
- Transferrable tokens or non-transferrable tokens (NTTs)?
- Freely mintable or issued by a permissioned system?
- Reputation requirements and feasibility of potential integrations?
- Frequency and amount to mint?
- Moloch DAO
- Nouns DAO
- Custom Solution(s)
- Multi-Token NFT Based Governance (e.g. various roles/tiers/badges)
- Combined LP Token and NFT Governance
- Reputation-based model using Orange Protocol 🍊