![Grants Committee Funding Requirements [deprecated]](/_next/image?url=https%3A%2F%2Fwww.notion.so%2Fimage%2Fhttps%253A%252F%252Fwww.notion.so%252Fimages%252Fpage-cover%252Fmet_william_morris_1875.jpg%3Ftable%3Dblock%26id%3Da6bc585e-1726-4015-8a1f-45fc0b4be354%26cache%3Dv2&w=3840&q=75)
Grants Committee Funding Requirements [deprecated]
Last updated: 12/6/21
Grants Committee funding pertains to:
- Individual projects funding
- Additional guild funding
Grants Committee Exception:
- Grant committee decisions with sufficient conflict of interest go to snapshot. (eg. cannot achieve majority vote) [1] [2]
Requirements for GC decision making and funding:
- Forum Time Requirements
- At least 7 days in proposal
- Not more than 30 days old.
- Forum Quorum Funding Gates:
- <50k BANK
- 25 votes
- 80% majority
- 50k - 250k BANK
- 30 votes
- 80% majority
- 250k - 500k BANK
- 40 votes
- 80% majority
- 500k - 1m BANK
- 50 votes
- 80% majority
Snapshot Reference:
- Seasonal Project and Guild funding [1] 1
- Tokenomic changes [1]
- Extending budget
- Emergency vote / “Break glass” scenario