Grants Committee Weekly Jul 5, 2022
Attendance
links, Rene, Kouros, lion917, Icedcool, Chuck
Date
Jul 5, 2022
Last Edited Time
Mar 25, 2023
Last edited by
Note-taker
Recording
Multi-select
Team Perspective
- jameswmontgomery is off 7/5 and 7/12
- retrospective booked for July 19
Accounting
- Bank for the remaining of the season:
- Average BANK per week left :
- Grants Committee Funding tracking
Note: When we distributed the funds to projects that have met KPIs we did it from the GC instead of the Bankless DAO Multisig
Discussion
S4 Second Disbursements
- reminder: projects must have KPIs accepted AND recorded to get second half of funding
- list of projects that have met requirements and are ready for funding is here
- S4 Part 2 Disbursement
- It would appear the following projects are not yet ready for disbursement:
- Bounty Board (Rene) - confirmed by René, this one is open.
- First Quests (Icedcool)
- Bankless Indices (Icedcool)
- Bankless Brasil (Icedcool)
- Crypto Sapiens (lion917)
- Bankless Africa (Kouros)
- Podcast hatchery (lion917)
- Website project (links)
S5 Planning - what do we need to do?
- Timelines: https://docs.google.com/document/d/1gph-D8xUiUYIscGXR6PeQjpG44Twg3j0w1JxKc-akC8/edit
- July 4-8 source content for community vote (seasonal spec)
- ACTION:
to set up a draft document on Grants Committee compensation changes
- accounting bounty
- coordinape addition
- July 4-11 - GC elections on Snapshot -
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- July 6-11 - GC provides feedback to guild/project proposals
- potentially have 1-2 Grants Committee members to review each proposal rather than have every Grants member read EVERY proposal
- there seems to be consensus on this
- July 14 - Projects submit revised proposals to GC
- July 20 - Seasonal funding goes to Snapshot
- structure of Grants Committee (in seasonal spec)
- include bounties for accounting?
- could be like 25K, since that’s how much “Extra” leads get (in this case, one lead is coordinator and another lead is the accounting)
- what about bounty-ing the project KPIs to Grants Reviewers?
- i.e. something like 5K BANK /project you ensure KPIs for
- i.e. something like 2K BANK/wk for accounting
- coordinape for Grants Reviewers?
- i.e. a portion of salary goes into a coordinape
- could be within Grants Committee
- could have L1/L2 GIVE to Grants Committee
- but will the rest of the DAO understand the work that is being done?
- ^ but maybe that is a good thing, it will force us to be more transparent
- in general it feels that the Grants Committee compensation is low - perhaps the coordinape experiment should be above and beyond
- it’s not healthy to take on too much work - should we be incentivizing this?
- maybe more ROLES on the grants committee w/ some more definition + compensation on each
- Reviewing proposals
- do we want to push towards moving to auto-guild funding?
- how about ad-hoc project funding?
- maybe timing isn’t right?
- people are doing their seasonal proposals now, so maybe it’s late
- it’s going to change internal guild governance, so that’s also something that needs to take time
- it’s a really big post - maybe break some pieces out to vote on?
Should we up the BANK price to more than 1000 BANK/hr?
- maybe something in the seasonal plan?
What is the purpose/mandate of the Grants Committee?