0xffD1f7a0E01c947bA1006f162AC9C16b1745115A

0xffD1…115A

0xffD1…115A

Past Votes

20

Grants Committee Election for S10 and S11

Title: Grants Committee Election for S10 and S11 Author: paulitobankless Forum Post: Governance Election: Season 10 - Grants Committee Election Submission

SUMMARY

According to the BanklessDAO Constitution, there are six seats open for the Grants Committee for the next term (Season 10 and Season 11).

Members stepping down

  • Ornellaweb3
  • Icedcool
  • links
  • baer.eth

Election:

You can get more information about this election and see all applications here: Governance Election: Season 10 - Grants Committee Election Submission

In summary these are the 5 candidates by their Discord handle:

  • UXMcEal
  • coffee-crusher
  • anaphant
  • SpiritedF#7303
  • fabiancripto
  • No UXMcEal
  • No coffee-crusher
  • No anaphant
  • No SpiritedF#7303
  • No fabiancripto

The voting system is weighted voting. You can distribute your vote to as many candidates as you wish and also choose the weight on it. There is also a No vote for each candidate. If you feel any of the candidates are not eligible for the GC role you can do a No vote.

Note: If a candidate has more weight on their no vote they won't be admitted as part of the S10 and 11 GC.

2M votes
23 days ago

Swap FEI into USDC

Squad: Treasury Department

Summary:

BanklessDAO treasury has 1,935 FEI, we need to swap out of this stable into USDC to reduce risk BACKGROUND BanklessDAO treasury received some FEI as part of a research grant. In order to reduce the risk on the DAO treasury, we suggest getting out of this position.

SPECIFICATION

  • The treasury dept has approved this swap

  • If approved via snapshot, the follow transaction will be initiated

  • BDAO multisig would submit a swap transaction to swap 1935 FEI into USDC

Approve
2M votes
2 months ago

Tokenomics - Approve DAI Capital Efficiency Strategy

Squad: Treasury Department Date Created: 12.06.2023

TLDR:

BanklessDAO treasury has 14,693.416 DAI sitting idle Deposit DAI in BanklessDAO’s Rari Fuse pool and earn 6.53% APY

BACKGROUND

After migrating DAO liquidity to Uniswap V3 in early 2022 [here 1], the DAO was able to create a Rari Fuse pool to enable BANK holders to borrow against their BANK.

What is Rari Fuse?

Winverse wrote a nice piece about it in the 4th June, 2022 issue of the Weekly Rollup(here), but in short Rari Fuse allowed the DAO to create its own money market. [link]

SPECIFICATION

If approved, the follow transaction will be initiated

BDAO multisig would submit a deposit transaction into the rari fuse contract

The treasury department will monitor this position and submit a proposal to withdraw when it is no longer feasible to earn yield from this strategy.

This proposal grants the Treasury Deptment the right to deposit the aforementioned funds into the Rari pool from, and the right to decide and execute the withdraw of such funds back into the DAO multi-sig when judged to be appropriate and necessary for economic or risk considerations.

Risks and disclosures:

  • As with anything in DeFi, this strategy is vulnerable to smart contract risks
  • The strategy is also vulnerable to loss of value resulting from by high slippage trades triggered by high volatility black swan events
  • The rari front end may go down, although this can be mitigated by interacting with the smart contracts directly. The Treasury Department will monitor this and be prepared to exit.

Approve
2M votes
5 months ago

Seasonal Meta-governance delegation to DAOStewards.eth

Summary:

This proposal seeks to renew DAOStewards as the official meta-governance group of BanklessDAO for Season 9, enabling the BanklessDAO Vault Multsig to delegate eligible governance tokens to DAOStewards upon request. DAOStewards will report back to the DAO at the end of each season and propose to renew the delegation.

Background:

Bankless DAOStewards is a meta-governance group formed in late 2022, with the goal of representing BanklessDAO in the governance of other DAOs. Through effective governance, the reputations of DAOstewards and BanklessDAO grows, which translates into revenue for BanklessDAO and its projects.

Since inception, we have helped BanklessDAO and its projects earn over 130,000 OP via Optimism, claim 701,275 Collab.Land tokens, and have otherwise helped steward $30,000 to DAO-related projects and affiliated contributors via public good projects such as Gitcoin, DAO Drops, and clr.fund.

We hold delegated voting power from both the Vault and the DAO’s contributors, and have actively participated in the governance of multiple DAOs, including Optimism, Arbitrum, Safe, and Uniswap. Our voting rate remains over 80% and we always communicate our voting rationale via our Notion page 1.

Mission & Values Alignment:

DAOStewards have a proven track record of helping BanklessDAO projects earn revenue, thus enabling contributors to be focused on the mission of helping the world #goBankless.

We lead with Bankless, our members are among the most value-aligned contributors in the DAO. In the coming season we will incorporate tlBANK as a requirement for our governors, thus further aligning our relationship with BanklessDAO and its values.

Scope of Work:

In practise this will have the following implications:

If ratified, DAOStewards will receive delegation of all delegatable governance tokens for Season 9.

DAOStewards will regularly report its voting activity and other wins during the weekly Community Calls.

DAOStewards will post a report of its activities at the end of each season and seek renewal of delegation from the DAO.

If the proposal gains consensus on Forum, DAOStewards will receive delegation of all possible governance tokens for S9 and the consequent implementation will be included in the seasonal spec subject to community approval each season

DAOStewards will incorporate tlBANK into its membership and compensation structure.

Financial Implications:

There are no immediate costs associated with this proposal.

Success Metrics or KPIs:

Revenue raised for BanklessDAO and its projects Voting weight

Squad Background:

Current active contributors of DAOStewards include:

Baer.eth : L2 member, Project champion: Bankless wallet, active governor at SAFE, 1inch

Links: L2 member, Project champion: Bankless Card, active governor at SAFE

HiroKennely: L2 member, Project Champion: Bankless Publishing, active governor at Optimism, A

Thinkdecade: L2 member, Project champion: Bankless Africa, Active governor at Optimism, SAF

LiviuC: L2 member, Active governor at Arbitrum

Jengajojo: L2 member, Project Champion: IMN, Global Events, DAOStewards, Governance Dept coordinator, Active governor: SAFE, Optimism, Arbitrum, Gitcoin, 1inch, AAVE, VITA

Approve
2M votes
6 months ago

Season 9 Specification

Title: Season 9 Specification Proposal Champion: 0xZFI Date: August 21st, 2023

SUMMARY

This is the finalized BanklessDAO Season 9 Specification.

Some Quick Reminders

The Seasonal Specifications are simply general operational specifications that allow organizational units to plan for the following season. While the Operations Department will manage the specifications we want as much input from DAO Members as possible so as to make decisions that align with members.

Operational/Governance Changes

These changes have been proposed and have independently passed a vote on the Forum during the current season and their details are to be implemented upon their passage or in upcoming weeks. The vote on this Seasonal Specification will not impact the results of these previously-passed proposals.

  • bDIP-10: Revision to BanklessDAO Constitution
    • Snapshot
    • The BanklessDAO Constitution has been revised to simplify the language and add clarity without making any changes to governance.
    • This bDIP replaces the entire existing Constitution with the entire revised Constitution. The revised text is available here.
  • BanklessDAO Multi-sig Wallet Election
    • Snapshot
    • The Banklessvault.eth multi-sig was refreshed after a year, which allowed inactive members to step-down and active contributors to step-in
  • bDIP-11: Dynamic Forum Quorum for bDIPs
    • Snapshot
    • A formula-based dynamic quorum will be adopted for bDIPs in order to better adapt to the DAO’s evolving membership and reduce the impact of voter apathy. The quorum threshold will be updated each month by the Governance Department according to the formula stated in this proposal.
  • Delegate Snapshot Proposal rights to Governance Dept

Community-Indicated Direction

These temp-checks have been posted on the Forum for discussion and voting, but their details are not ready for immediate implementation. This list indicates new experiments and directions the community is considering taking, but specifics are still being worked out. The vote on this Seasonal Specification will not impact the results of these discussions.

  • TEMP CHECK - Sybil Resistant Forum
    • TEMP CHECK - Sybil Resistant Forum - #7 by BueMetaforo
    • Discussion still open, feedback welcomed
    • From the Governance Department’s S9 Funding Request:
      • “Citing the recent Sybil attacks, we have kickstarted the process to integrate Gitcoin Passport on forum. We are currently waiting for the Passport team to finish the integration so we can deploy this feature in Season 9.”
    • 92%/8%/0%; Yes, No, Maybe (poll still open)
  • DAO Next Season Goals Survey
    • DAO Next Season Goals Survey
    • Survey closed; analysis in progress
    • From the Governance Department’s S9 Funding Request:
      • “The department collected feedback from the community on the direction we should take as a DAO via the DAO Goals survey. We will follow this up with a SWOT analysis of the DAO and create next steps towards alignment in S9.”

If this proposal passes Snapshot, the following timeline will fall into place for Season 9:

Season 9 Operations Timeline

DAO Operational Timeline [Notion link]

  • September 4 : Season 9 begins
  • Week 1 or 2 : The Season 9 Kick-Off Event will be held on Twitter
  • November 11 : All funding requests from guilds, departments, and projects to be posted to the Forum for the Grants Committee to review
  • November 12 - 25 : Grants Committee to work with groups to review funding requests
  • November 19 - December 2 : Draft 1 of the Season 10 Specification to be posted to the Forums
  • November 26 - December 9 : Grants Committee to work with groups to finalize funding requests
  • November 26 - December 9 : Season 10 Grants Committee Election applications accepted
  • December 3 - 9 : Draft 2 of the Season 10 Specification to be posted to the Forums
  • December 10 : The Season 10 Grants Committee election will be posted to Snapshot
  • December 10 : The Season 10 Specification will be posted to Snapshot
  • December 10 : The Season 10 Budget Request will be posted to Snapshot
  • December 17, 2023 : Last day of Season 9
  • December 18 - January 1, 2024 : Annual Break (15-day gap)

Approve
1M votes
6 months ago

Season 9 Seasonal Funding

Title: Season 9 Seasonal Funding

Proposal Champion(s): Links, Icedcool

Date: Aug 19th, 2023

Summary

Per Section 7.1 of the BanklessDAO Constitution, BanklessDAO Grants Committee requests 23,446,772 BANK and 2000 USDC be transferred from the BanklessDAO Vault Multisig (eth:0xf26d1Bb347a59F6C283C53156519cC1B1ABacA51) to the Grants Committee Multisig (eth:0x12BD9048b419838e25046040Dcd297aB16850280).

Specification

Department Funding = 3,944,952 BANK + 2,000 USDC

  • Governance Department = 577,500 BANK
  • Operations Department = 1,518,337 BANK
  • Education Department = 296,115 BANK
  • Treasury Department = 285,000 BANK + 2,000 USDC
  • Marketing Department = 1,268,000 BANK

Guild Funding = 2,947,140 BANK

  • AV Guild = 86,700 BANK
  • Translators Guild = 520,500 BANK
  • Writers Guild = 930,000 BANK
  • Developer's Guild = 220,500 BANK
  • Research Guild = 533,120 BANK
  • Design Guild = 656,320 BANK

Project Funding = 12,665,000 BANK

  • Bankless in Spanish = 960,000 BANK
  • Bankless Publishing = 4,000,000 BANK
  • DAOStewards = 886,000 BANK
  • Bankless Africa = 1,604,000 BANK
  • Infosec Team = 628,000 BANK
  • Podcast Hatchery = 263,000 BANK
  • The Rug = 1,370,000 BANK
  • International Media Nodes = 2,954,000 BANK

Grants Committee Funding = 3,889,680 BANK

  • Contributor Compensation = 789,680 BANK
  • S9 Project Fund = 3,100,000 BANK

Grand Total Seasonal Funding Request: 23,446,772 BANK + 2,000 USDC

Approve
1M votes
6 months ago

Approval for additional weekly funding [Grants Committee]

Author: @daolexa Squad: Grants Committee

SUMMARY:

In view of the recent changes and the extended duration of the season, the Grants Committee is seeking additional funding to cover contributors’ compensation related to the tasks that will be undertaken by the Committee members. We are asking to approve additional weekly funding for the Grants Committee members.

BACKGROUND:

The mandate of the Grants Committee (as stated in the Constitution):

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. Seasonal funding is distributed to Guilds and Departments paid from DAO Multisig, and Projects are paid from GC Multisig after the funding approval has been granted. Before new seasons begin, all previously funded guilds, departments and projects must submit a funding proposal to the forum for the Grants Committee to review. Funding proposals that pass the Grants Committee review process are packaged together in a single seasonal budget Snapshot vote. Organizational units seeking funding over the course of a season will be directed to the Grants Committee upon successfully passing their Forum proposal. The Grants Committee is responsible to evaluate these requests and has the liberty to accept or reject these requests for funds. Organizational units seeking funding over the course of a season will be directed to the Grants Committee upon successfully passing their Forum proposal. The Grants Committee is responsible to evaluate these requests and has the liberty to accept or reject these requests for funds. During the last weeks of Season 7, the Committee had to address internal matters and underwent a change in its membership. As a result, the request for additional funding was not considered a priority at that time.

GOALS FOR SEASON 8:

The Grants Committee acknowledges the previous communication and other issues that have arisen between the Committee and other Guilds. Therefore, we are fully dedicated to finding solutions and improving communication with Guilds and projects. Additionally, we aim to establish streamlined processes that will enhance the efficiency of our work and funding procedures.

Moving forward, the GC will maintain its weekly meetings with projects every Friday at 1 PM UTC. We will also keep the DAO updated on any internal changes and modifications to our processes.

FUNDING REQUEST:

Additional funding requested is:

Each member: 3,846 $BANK/week Leads: 6,250 $BANK/week

Abstain
1M votes
6 months ago

Grants Committee Election for S9 and S10

Title: Grants Committee Election for S9 and S10 Author: raybankless.eth Forum Post: Governance Election: Season 9 - Grants Committee Election Submission

SUMMARY

According to the BanklessDAO Constitution, there are three seats open for the Grants Committee for the next term (Season 9 and Season 10).

Members stepping down

  • raybankless.eth
  • daolexa
  • p8ul.eth

Election:

You can get more information about this election and see all applications here: Governance Election: Season 9 - Grants Committee Election Submission

In summary these are the 2 candidates by their Discord handle:

  • Paulitobankless
  • Ornellaweb3

The voting system is weighted voting. You can distribute your vote to as many candidates as you wish and also choose the weight on it.

1M votes
6 months ago

GC Funding - Accruing value via RPGF3

Title: GC Funding - Accruing value via RPGF3 Authors: Icedcool, Rowan, Links Squad: Grants Committee Date Created: 7/25/23 Date Posted: 8/3/23

Summary

The Grants Committee reviewed the funding proposal for Accruing value via RPGF3, a funding project that is overseen by IMN, Nacion Bankless, and Bankless Africa. The GC conditionally agreed to funding based on additional KPIs for the events.

Because this funding request was for more than was available for the Grants Committee to distribute this season, we are proposing this to snapshot for the DAO to approve.

Pending the approval of this snapshot, the funding will be sent to GC to be distributed half up front, and half upon review and verification of the KPIs.

SPECIFICATION

IMN Proposed the following list of KPIs:

  • Number of events >= 30
  • Number of wallets created >= 600

GC requested the following additional KPIs:

  • Number of verified events (verified means they have the following documentation)
    • 3 pictures from the event, with at least 1 image which includes everyone attending the event.
    • 1 short interview from one of the event attendees with the following guidelines:
      • Interviews can be performed with two phones, one for video and the other for audio.
      • Shorts compatible vertical video recording.
      • Max. 2 mins long.
    • A list of wallet addresses of all participants which have performed on-chain TXs.
  • Number Emails collected (to their respective mailing lists)

FINANCIAL IMPLICATIONS

Distribute 3,950,000 BANK to Grants Committee Gnosis Safe to manage distribution to the groups new multisig, of which half will be distributed up front, and half will be distributed after meeting the KPIs for the events.

POLL

Approve Abstain Reject

Approve
1M votes
7 months ago

Treasury - Withdraw idle USDC from deprecated GMI pool

Title: Treasury - Withdraw idle USDC from deprecated GMI pool Squad: Treasury Department Date Created: 6/12/23 Forum Post: Link

TLDR:

  • BanklessDAO has 2,306.9623 USDC in a deprecated Index Coop contract.
  • This proposal is to pull these funds and deposit them into the BanklessDAO Multisig

BACKGROUND

The Bankless Indices project has launched the GMI 2 index on IndexCoop in season 3 (link)

Since then IndexCoop deprecated the GMI pool due to “not found product market fit or accumulated significant TVL” and flipped everything into USDC (link 1). Since then we have 2,306.9623 USDC sitting idle in a deprecated Index Coop contract.

SPECIFICATION

The steps would be as follows:

  • BDAO multisig would submit a ‘withdraw’ transaction 1 to collect all the USDC from the deprecated GMI contract
  • The USDC would then be deposited into the BanklessDAO multisig.

NEXT STEPS

  • This proposal has passed Treasury Department’s temp check as seen here 3
  • Get approval on the forum proposal ✅
  • Take to Snapshot for final ratification.

Vote

Approve Abstain Reject

Approve
1M votes
7 months ago

Delegate VITA Tokens to DAOstewards.eth

Author: @cryptodad @jengajojo @baer.eth Squad: DAOstewards

TL;DR

This proposal suggests delegating VITA token voting rights to DAOstewards.eth to improve BanklessDAO’s participation in VitaDAO’s governance. It aims to build on top of the treasury swap we did with VITADAO last year and create mutual collaboration, which can solidify the DAO position as a leader in the web3 space.

Background

BanklessDAO holds various other DAOs’ governance tokens, which grants BanklessDAO voting rights in participating in these DAOs’ governance processes. It is crucial for BanklessDAO to actively participate in the governance of these DAOs and provide value to them. However, it can be challenging for average BanklessDAO members to timely and efficiently follow what happens in these DAOs and participate in the governance process.

To mitigate this issue, DAOstewards is a meta-governance group formed in Season 61 for BanklessDAO, consisting of dedicated BanklessDAO members with competence, discipline, and bandwidth to participate in the governance process. Since then, DAOstewards has been assigned to vote for SAFE token held by BanklessDAO.

In Season 5, BanklessDAO acquired VITA tokens via token swap1 but was not able to actively participate in the governance of VitaDAO. This proposal aims to assign VITA token voting rights to DAOstewards to improve governance participation in VitaDAO.

Mission and Value Alignment

By actively executing voting rights and participating in governance processes, BanklessDAO can provide valuable input and contribute to the success of VitaDAO. This, in turn, can increase the value of the VITA token, benefiting both VitaDAO and BanklessDAO.

Through its active participation in the governance of other DAOs, such as VitaDAO, BanklessDAO can set an example and encourage those DAOs to participate in BanklessDAO’s own governance. This mutual collaboration can create more value for all parties involved and foster a more robust web3 ecosystem.

Active governance participation can also be a powerful tool for BanklessDAO to increase its influence and promote initiatives that align with its mission. By engaging with other DAOs, BanklessDAO can leverage its expertise and resources to advance important projects, expand its network, and solidify its position as a leader in the web3 space.

Specifications

The VITA token is the governance token of the VitaDAO ecosystem, which aims to develop and commercialize cellular and gene therapies. To increase participation in VitaDAO’s governance, we propose that BanklessDAO delegate its voting power to ‘daostewards.eth’.

DAOStewards will act as the delegate of BanklessDAO to make proposals, give feedback, and vote in VitaDAO’s governance. To carry out this duty, DAOStewards will form a dedicated group of individuals with competence, discipline, and bandwidth to participate in VitaDAO’s governance process.

VITA Delegate Pod Structure

The DAOstewards delegation comprises max. five members who are vetted DAO governance participants.

Selection Process of Pod Members

DAOSteward’s core team has onboarded the following governance talents:

Jengajojo Cryptodad Thinkdecade

Thanks to the VitaDAO and Metropolis Pod smart contracts, delegate membership is fluid; the Membership is represented as ERC721 access tokens, the DAO or the initial cohort of delegates can add or remove members if a member is inactive or not value-aligned. The exact process of removal should be fleshed out.

Historical Voting of BanklessDAO in VitaDAO None, The current voting power of BanklessDAO in VitaDAO is 16,046 VITA. The expected voting power after the snapshot is also 16,046 VITA.

Financial Implications

The delegation of tokens requires no new or unexpected expenses. Delegation and voting on-chain require gas, which is covered by BanklessDAO’s gas refund policy.

Success Metrics or KPIs

The success of the delegation of VITA token voting rights to DAOstewards will be measured based on the percentage of all proposals voted on and communication of the rationale behind votes, and revenue/perks generated for BanklessDAO.

Approve
1M votes
7 months ago

bDIP-11: Dynamic Forum Quorum for bDIPs

Author: Governance Department

BDIP SUMMARY

This proposal suggests adopting a formula-based dynamic quorum for bDIPs in order to better adapt to the DAO’s evolving membership and reduce the impact of voter apathy. The quorum threshold will be updated each month by the Governance Department according to the formula stated in this proposal.

BDIP BACKGROUND

Quorum was defined in the Constitution at a time when there were many more active contributors. The challenge with a static threshold is that it is unlikely to reflect the number of active contributors in the DAO at any given time; attention to governance matters can vary significantly between bull and the bear market phases.

BDIP SPECIFICATION

How can we address this challenge?

We can either update thresholds manually via the bDIP process — a large administrative burden — or we can adopt a formula-based approach which can dynamically update thresholds based on current Forum activity.

How will dynamic quorum work?
  • The Governance Department will make a Forum post each month setting the Forum quorum requirements based on the below formula. bDIP proposers should refer to the latest available forum update for the appropriate quorum requirement.
  • All governance proposals posted in that month will need to meet that quorum threshold to proceed to Snapshot.
  • All governance proposals need to insert a link to the Forum quorum post for the relevant month to enable accurate record keeping.
Changes to the governance procedure

This proposal will modify the quorum table in the Constitution as follows:

| Governance update | Forum quorum | Approval % | Timeline | |-------------------|------------------------------------------------|-------------|----------| | Major | 30-day Average + (0.2 x 30-day Average) | 70% | 1 week | | Minor | 30-day Average | 70% | 1 week | | Patch | 30-day Average - (0.2 x 30-day Average) | 70% | 1 week |

The following text shall be added to the Constitution:

  • All Forum quorum calculations are rounded to the nearest whole number
  • Any poll which has been live for at least 7 days will be used to calculate the quorum threshold.
  • If a Forum post includes more than one poll, each poll should be considered a separate datapoint
  • 30-day Average formula = Sum of votes / number of independent polls
  • The Governance Department is responsible for updating the quorum thresholds at the beginning of each month via a Forum post. bDIP proposers should refer to the latest available forum update for the appropriate quorum requirement
The bDIP proposal template will include the following update:

Insert a link to the quorum threshold for this proposal.

EXPECTED IMPACT

Makes Forum quorum more dynamic and reflective of the latest activity in the DAO.

ANALYTICS

Here is an example of the Forum post that the Governance Department will make:

Quorum Threshold for the month of ‘x’:

| Title | Value | |----------------------------------------|-------| | Major | 50 | | Minor | 41 | | Patch | 33 |

Calculation:

| Date posted | Post title | #votes | |-------------|---------------------------------------------------------|--------| | 02-12-2022 | Snapshot voting - Implement Shielded Voting | 53 | | 14-12-2022 | Weekly rollup recap video series | 38 | | 12-12-2022 | Purpose Driven Guild Funding | 29 | | 06-12-2022 | Proposal to re-create the Education Guild Organizational Unit within the DAO | 29 | | 25-11-2022 | Marketing Department Season 6 - Content Coordinator Re-election | 58 |

NEXT STEPS

  • Update Constitution
  • Update bDIP Format

WORKING GROUP BACKGROUND

Governance Department

Approve
1M votes
8 months ago

bDIP-10: Revision to BanklessDAO Constitution

bDIP-10: Revision to BanklessDAO Constitution

Draft Authors: Trewkat, HiroKennelly, links, Ernest of Gaia Working Group: Trewkat, HiroKennelly, links, Ernest of Gaia

BDIP SUMMARY

BDIP BACKGROUND

This work has been supported by the Governance Department with the dual goals being:

  • to update the wording of the existing Constitution so that the information is presented in clear and concise language within an intuitive, numbered structure.
  • to document information about existing governance practices which were not included in the existing Constitution.

The goal for this round of work has NOT been to introduce new governance principles or practices, except where there was concurrent work happening and its inclusion made sense.

Notes from the Temp Check This bDIP follows a Temp Check which included polling on various aspects of the proposed revision.

As a result of Poll 1, the following section of the proposed version has been updated, as follows:

  • 4.6.4 Grants Committee Election Process “… any Level 1 Member may self-nominate … “

The Constitution currently states “anyone may self-nominate”, but 89% of Poll 1 voters were in favour of changing this language to reflect current practice.

Text referred to by the other polls in the Temp Check was already included in the proposed document and this text was accepted by the majority of voters.

  • Poll 2 resulted in 100% of votes in favour.
  • Poll 3 resulted in 84% of votes in favour.

Poll 4 asked whether the proposed revised Constitution is ready to proceed to a bDIP in its current form, and resulted in 91% of voters in favour.

Lastly, as a result of the recent tlBANK proposal passing Snapshot, Section 3.2 of the proposed version has been updated from what was first referenced by the Temp Check to incorporate language about tlBANK. Note the added text does not match the text approved in bDIP-09 but retains the intent.

Vote Time! It’s now time to vote on whether the proposed revised Constitution should replace the existing BanklessDAO Constitution in its entirety, remembering that no changes to governance rights, responsibilities, or processes are enacted by this new version.

BDIP SPECIFICATION

Rather than include the full text of both documents in this proposal, the relevant links can be accessed below.

|Current Form|Proposal| | --- | --- | |BanklessDAO Constitution & Community Handbook |BanklessDAO Constitution |

EXPECTED IMPACT

We anticipate that if the revised version of the Constitution is implemented it will clarify our current governance practices and establish the foundation for future governance revisions.

ANALYTICS

n/a

NEXT STEPS

We expect this to be designated as a Major change; although it does not make changes to governance, it is a substantial revision to the existing document. Therefore, the following governance proposal thresholds must be met on Forum before the bDIP proceeds to a Snapshot vote:

|Governance Update|Forum Quorum|Approval %|Timeline| | --- | --- | --- | --- | |Major|63|70%|1 week|

Snapshot proposals run for seven days and require ≥66% approval. If the bDIP proceeds to Snapshot and is approved, the Governance Department will be prompted to update the Constitution.

WORKING GROUP BACKGROUND

Trewkat, Ernest of Gaia, HiroKennelly, and links are long-time Level 2 Contributors.

POLL

Do you support this proposal for the revised Constitution text to replace the existing BanklessDAO Constitution in its entirety?

  • Approve
  • Abstain
  • Reject

Approve
1M votes
8 months ago

BanklessDAO Multi-sig Wallet election

Title: BanklessDAO Multi-sig Wallet election Authors: Editors: senad.eth#8782, links#7868, Trewkat#1933, HiroKennellyᵍᵐ#0001 Forum Date: 3/22/23 Relevant Links: Forum Post, bDIP-8 Election and Selection of BanklessDAO Vault Multi-Signature Wallet Signers


BanklessDAO Vault Multi-Signature Wallet Election

The BanklessDAO Vault multi-signature wallet (vault multisig) is the holder of DAO funds, and disburses BANK to DAO Organizational Units. It is managed by a team of seven BanklessDAO members, and requires four of the seven members to sign in order for any transaction to be executed.

Multisig Wallet Election Process

This election contains the new electees from this forum post, and to ensure that the multisig always hold enough members the previous holders are available for re-election unless they step down.

The potential new electees are:

The potential previous holder electees are:

Multisig Holders stepping down:

  • frogmonkee#6855
  • RedVan🏴🍌#0611

Vote:

Token weighted voting

1M votes
9 months ago

Deposit fees from the UNIv3 liquidity position to the multisig

Title: Deposit fees from the UNIv3 liquidity position to the multisig Squad: Icedcool, Tomahawk, Ernest of Gaia, Sprinklesforwinners Date Created: 1/26/23 Forum Post: Link

TLDR:

BACKGROUND

The snapshot vote Tokenomics - Migrate DAO-Owned Liquidity to Uniswap V3 1 pulled the liquidity acquired from OlympusPro Bonding, owned by the treasury, and migrated that over to Uniswap v3 as a full-range position. This was sought in order to have a price oracle that could integrate with RARI (which now no longer supports borrowing) or other DeFi platforms in the future. The UNIv3 position has additionally benefited us by consolidating the BANK-ETH liquidity, driving the majority of the volume to Uniswap and improving fee revenue to the DAO treasury.

Uniswap offers a 1% fee pool for smaller market cap tokens with higher volatility (perfect for BANK), and this pool is now where the majority of the existing liquidity lives. Making Uniswap v3 the primary source of liquidity for BANK has shown to be a clear benefit, supporting the majority of transaction volume and maximizing fee revenue to the DAO treasury.

SPECIFICATION

The steps would be as follows:

  1. BDAO multisig 2 would submit a fee-collecting transaction 1 to collect accrued fees 2 from the UNIv3 liquidity position.

  2. The fees that have been earned would then be deposited into the BanklessDAO multisig.

POLL

Approve Abstain Reject

Approve
1M votes
9 months ago

Season 8 Specification and Community-Indicated Direction

Title: Season 8 Specification and Community-Indicated Direction Proposal Champion: Ernest of Gaia Date: May 2, 2023

SUMMARY

The beginning of this document includes a summary report of bDIPs and a suggested Draft 1 of the BanklessDAO Season 8 Specification. Hopefully the schedule allows for a smooth season transition for everyone.

  • Season 8: Mon, May 15 - Sun, August 27 (15 weeks)
  • Gap Week: Mon, August 28 - Sun, Sept 3 (1 week)

That break is important and I wanted to ensure our operational timelines were aligned to accommodate Gap Week by default. Notice the Gap week is technically between the seasons.

Please review the proposed timeline for Season 8 and provide any feedback regarding the adjustment of dates. If a change in dates is desired for any of the Season 8 milestones, please open discussion in the comments so that any updates can be reflected in a second draft.

Author’s Introduction

Hello! I am Ernest of Gaia, and I have been stewarding the Season 8 transition. The processes around season transitions have been adapting to changes in governance, so I’d like to offer some context on the current state of the season transition process.

Some quick reminders:

  • Seasonal Specifications are not to handle funding requests. Any organizational unit requesting funding should go through the Seasonal Budget Request and be reviewed by the Grants Committee.
  • Any changes to governance would need to be proposed with their own individual bDIPs

The Seasonal Specifications are simply general operational specifications that allow organizational units to plan for the following season. While the Operations Department will manage the specifications we want as much input from DAO Members as possible so as to make decisions that align with members.

This process is evolving and is not without flaws. Suggestions for improvements are welcome. Thank you for your active participation in BanklessDAO governance. Let’s make 2023 up-only!

Remaining Season 7 Operations Timeline

  • May 1: The Season 8 Specification will be posted to Snapshot
  • May 1: The Season 8 Budget Request will be posted to Snapshot
  • May 8-14: Gap Week
  • May 14: Last day of Season 7

“State of the bDIPs” - Community-Indicated Direction and Operational Governance Changes

BDIP Template 1

Constitution and BDIP Standard Discussion & Proposal Part 2

These changes have been proposed and have independently passed a vote on the Forum during the current season and their details are to be implemented upon their passage or in upcoming weeks. The vote on this Seasonal Specification will not impact the results of these previously-passed proposals.

Old Business

Season 7 Business

Unresolved business

  • Season 6 - bDIP-03: Dynamic forum quorum for bDIPs Met Quorum.
    • Next steps: Finish getting revision approval and submit to Snapshot.
  • Season 6 - bDIP 04 : Departments Has not met quorum, is not approved, nor gone to snapshot.
  • Season 6 - bDIP 05 adjustments to member based funding - abandoned in Temp Check stage, Taxonomy is Retired.
  • Season 6 - Temp Check bDIP - 6 - Code Of Conduct Change - This proposal has been closed, keep an eye out for discussions in the DAO discord.

New Business

Season 8 Operational Timeline - 15 weeks

  • May 4th: 2nd Year DAO Birthday
  • May 8-14: Gap Week
  • Mon, May 15th - Season 8 Begins
  • Week 1 or 2: Season Kick Off Event
  • July 9th - 22nd: All Seasonal funding requests to be posted to the Forum for the Grants Committee to review.
  • July 23rd - August 5th: Grants Committee to work with groups to review funding requests
  • July 30th: Draft 1 of the Season 9 Specification to be posted to the Forums
  • August 6th - 19th: Grants Committee to work with groups to finalize funding requests
  • August 6th - 19th : Season 9 Grants Committee Election applications accepted
  • August 20th: The Season 9 Grants Committee election will be posted to Snapshot
  • August 20th: The Season 9 Specification will be posted to Snapshot
  • August 20th : The Season 9 Budget Request will be posted to Snapshot
  • Sun, August 27th: Last day of Season 8
  • Gap Week: Mon, August 28th - Sun, Sept 3rd (1 week)

Approve
1M votes
10 months ago

Grants Committee Election for S8 and S9

Title: Grants Committee Election for S8 and S9 Author: p8ul.eth Quorum Requirement: Not Applicable Voting Threshold: Not Applicable (Weighted Voting) Forum Post: Governance Election: Season 8 - Grants Committee Election Submission


SUMMARY

According to the BanklessDAO Constitution, there are four seats open for the Grants Committee for the next term (Season 8 and Season 9). One spot remained empty in S7.

Additionally, one extra seat is available for half a term (Season 8 only) due to bananachain stepping down.

Members stepping down

  • sprinklesforwinners
  • Senad.eth
  • thinkDecade
  • bananachain

Election:

Due to the limitation of characters that Snapshot imposes, it is not possible to have the full applications in this page.

You can get more information about this election and see all applications here: Governance Election: Season 8 - Grants Committee Election Submission

In summary these are the 7 candidates by their Discord handle:

  • Baer.eth#6344
  • Icedcool🏴#4947
  • Paulito#8869
  • Daolexa#0001
  • Links🏴#7868
  • LiviuC#7835
  • Steff#7452

The voting system is weighted voting. You can distribute your vote to as many candidates as you wish and also choose the weight on it.

The 4 candidates with the most tokens will be elected as Grants Committee members for the next two seasons.

The candidate with the 5th most tokens will be elected as a Grants Committee member for the next season only.

1M votes
10 months ago

BanklessDAO Governance Department Instantiation

Title: BanklessDAO Governance Department Instantiation

Proposal Champion: Jengajojo, Icedcool

Date: Mar 27, 2023

Forum Post: Link


SUMMARY

This Snapshot is a vote to formally instantiate and recognize the Governance Department at BanklessDAO.

This Department is focused on facilitating and stewarding the development of governance processes and procedures at BanklessDAO.

Based on the Forum proposal here and Grants Committee discussions here.

Upon approval by this vote, the Governance Department will be a formally recognized department of BanklessDAO.

POLL

Approve Abstain Reject

Approve
852,407 votes
1 year ago

Season 7 Seasonal Funding, Final Budget Items

Title: Season 7 Seasonal Funding, Final Budget Items

Proposal Champions: Grants Committee

Date: March 16, 2023


SUMMARY

This additional budget package is to authorize the disbursement of: 3,187,000 BANK for Season 7 funding to DAOlationships Guild, Legal Guild, Infosec and Bankless Academy.

Historically, these budget items would have been included in the Seasonal Specification. Due to outstanding questions in relation to budgeting, these items were unable to be included at the time that the Season 7 Specification went to Snapshot.

SPECIFICATION

DAOlationships guild = 430,000 BANK Legal Guild = 683,000 BANK InfoSec = 734,000 BANK Bankless Academy = 1,340,000 BANK

Total Final Seasonal 7 Funding Request: 3,187,000 BANK


POLL

Approve Abstain Reject

Approve
943,207 votes
1 year ago

bDIP-07: Set Season Length at 16 Weeks with Designated Downtime

Author: Trewkat Working Group: Trewkat, links, HiroKennelly Date: February 13, 2023 6:00 AM


BDIP SUMMARY

To date, the DAO’s practice is to set the exact dates for each upcoming Season during the final weeks of the current season, which are then ratified by the community via Snapshot. This has shown to be an error-prone and inefficient practice which negatively impacts planning in teams across the DAO.

This bDIP seeks to set season length at 16 weeks and designate formal downtime between each, to commence in 2024 following two adjusted seasons for the remainder of 2023.

BDIP BACKGROUND

In February 2022, the Forum proposal titled The Super Season: Proposing a 6-month season between April and October 2 suggested a one-off, six-month ‘super season’ to address perceived issues associated with a three-month season, specifically that budget planning “ four times per year … expends tons of bandwidth that could be going toward working on and in the organization.”

While there was general agreement for the concept of a super season, with 52% voting in favour and a further 26% voting for “maybe, with edits”, there was also positive support (10 likes) for a comment suggesting a 16-week season instead.

In March 2022 the original proposal author created a new proposal titled 4-Month Season Proposal: SuperSeason Revisions 2, which stated that “Based on discussions in the #seasons channel and feedback from many contributors, a four-month season (16-weeks) seems to be a happy medium.” Despite 93% of the 30 voters being in favour, no action was taken.

It’s possible that inaction was due to the timing of the proposal which suggested implementation within a few weeks’ time. These proposals occurred prior to the existence of the DAO Constitution and during a period of confusion around Forum and Snapshot quorum thresholds, which may also be a contributing factor in the lack of progression.

BDIP SPECIFICATION

|Current Form|Proposal| | --- | --- | |Section: DAO Cycles - Seasons 1|Section: DAO Cycles - Seasons 1 |Seasons are funding cycles (typically 3 months) intended to align the DAO’s collective energy to key objectives. These objectives are in the form of funded initiatives BANK token holders vote on before each season.|Seasons are funding cycles (each set at 16 weeks) which are intended to align the DAO’s collective energy to key objectives. These objectives are in the form of funded initiatives voted on by BANK token holders before each season. Between seasons, the DAO schedules designated ‘Gap Weeks’ and an ‘Annual Break’ in order to respect the need for contributors to rest. |Section: DAO Organizational Units - Grants Committee 2: | Section: DAO Organizational Units - Grants Committee 2:| |Grants Leads serve a 6-month term and can resign at any time.| Grants Leads serve a 2-season term and can resign at any time.| |Section: DAO Organizational Units - Grants Committee 2: | Section: DAO Organizational Units - Grants Committee 2:| |Grants Reviewers serve a 6-month term and can resign at any time.|Grants Reviewers serve a 2-season term and can resign at any time.|

The textual change to the Constitution is minimal in terms of word count but high-impact in terms of operational change. However, given that this change does not alter the DAO’s activities or priorities, only the way in which our time is allocated, it is therefore designated as a Minor change.

Further, it should be noted here and in any subsequent Snapshot vote that the update to the Constitution will only truly reflect DAO practice from 2024, due to the suggested adjustment period to cover the remainder of 2023.

Therefore this bDIP seeks not only a change to the Constitution wording in two places (as specified below), but also community consensus to specify season dates for the remainder of 2023 and thereafter as listed below. This is to ensure that the DAO can commence the 16-week season structure from January 2, 2024.

Although the Constitution will not specify season dates for 2023, 2024, or subsequent years, the intention of this proposal is to gain consensus to commence Week 1 of the relevant season on January 2 (UTC) of any year, regardless of what day of the week that falls. The season dates do not need to change thereafter, only the days of the week on which they fall will change.

As a global organisation that promotes work-life balance and flexibility for contributors, the DAO does not need to stick to the traditional approach that all working weeks begin on a Monday.

Beginning in 2024, and starting each year from January 2, the seasons would run for 16 weeks, with a one-week designated Gap Week between the first and second seasons, and another Gap Week between the second and third. Between the third season and the first season of the new calendar year there would be a 16-day designated Annual Break.

The Gap Weeks and Annual Break are opportunities to pause official events and encourage contributors to take a break. Teams within the DAO will have the ability to plan for budgeting and operational needs for these periods and may decide for themselves which activities should continue through breaks, if any.

The dates below provide a plan for the remainder of 2023 and the dates for 2024. Thereafter, each DAO year will start on January 2 and the season dates will be the same. The dates are intentionally omitted from the proposed Constitution wording because constitutions should capture high-level principles, not operational details. Please understand that if you vote to approve then you are signalling your approval of the dates as well as the Constitution change.

The Plan

According to the Snapshot vote titled Season 7 Specification and Community-Indicated Direction 1, Season 7’s designated Gap Week finishes on Sun, May 14, 2023.

Proposed Season Dates for 2023 (Seasons 8 and 9)

  • Season 8: Mon, May 15 - Sun, August 27 (15 weeks)
  • Gap Week: Mon, August 28 - Sun, Sept 3 (1 week)
  • Season 9: Mon, Sept 4 - Sun, Dec 17 (15 weeks)
  • Annual Break: Mon, Dec 18 2023- Mon, January 1 2024 (15 days)

Season Dates for 2024 (based on the specification detailed above)

  • Season 10: Tues January 2 - Mon April 22 (16 weeks)
  • Gap Week: Tues April 23 - Mon April 29 (1 week)
  • Season 11: Tues April 30 - Mon Aug 19 (16 weeks) - Week 1 would incorporate bDAO anniversary
  • Gap Week: Tues Aug 20 - Mon Aug 26 (1 week)
  • Season 12: Tues Aug 27 - Mon Dec 16 (16 weeks)
  • Annual Break: Tues Dec 17 - Wed January 1 2025 (16 days)

2025 seasons begin on Thurs Jan 2.

2026 seasons begin on Fri Jan 2.

… and so on.

EXPECTED IMPACT

As noted above, the textual change to the Constitution is minimal but this is a highly impactful positive operational change for the DAO. It is anticipated that hundreds of hours will be saved through the designation of set seasonal dates, particularly in workstreams associated with:

  • Guild and Department role elections and budget planning.
  • Project budget planning.
  • Seasonal budgets assessment and approval (Grants Committee).
  • Seasonal planning (operations).
  • Season launch planning (marketing and design).

In addition, teams will be better able to plan contributor coverage for operational needs during Gap Weeks and Annual Breaks, whilst also recognising that contributors may also decide to take personal time away from the DAO at any time of the year. Having set dates for the year ahead enables productive discussions at team level about appropriate time away.

ANALYTICS

The DAO-wide sentiment survey could be used to collect feedback on the change.

Poll

Approve Reject Abstain

Approve
943,207 votes
1 year ago

© 2024 BanklessDAO

Powered by

NodeBlocks

Incubated by

CityDAO