Title: BanklessDAO Season 5 Specification

Authors: Rowan, Rowan, Above Average Joe, 0xLucas, René

Copy Edits: Trewkat

Date: July 6, 2022

Forum Proposal: Draft 1, Draft 2

SUMMARY

This proposal introduces a specification for BanklessDAO Season 5. If this proposal passes Snapshot, the following details will fall into place:

• Season 5 will start on Monday, August 8, 2022
• Season 5 will end on Sunday, October 30, 2022
• Formal gap week will be on the week of October 31, 2022
• Governance Solutions Engineers will have the ability to change or replace the Seasonal Specification, subject to forum and/or Snapshot voting in order to implement the BanklessDAO Constitution & Community Handbook
• The Grants Committee will receive increased compensation funding starting in Season 5 (702K $BANK, increased from 400K $BANK in previous seasons).
• Seasonal Automatic Guild Funding will be implemented pending discourse on appropriate measures and considerations.
• The way BanklessDAO distributes contributor rewards through Coordinape will change starting in Season 5.
• 11.5M $BANK allocated for the Grants Committee. 7M for inter-season funding and 4.5M for contributor rewards.

SPECIFICATION

You can read the full specification here.

Title: Quorum Removal Vote Authors: samanthaj Forum proposals: [Proposal] Quorum Requirement: 36.84M BANK Voting Threshold: 77.64%

Summary

Background on the quorum requirement issue: Here.

For additional context, the quorum was set based on extremely high estimations of involvement, and despite having high involvement, we haven’t met them since for any vote.

This has left us unable to implement snapshot votes despite approval of the vote. Ex, got approval on the GSE vote(23M votes), but didn’t reach 36.84M BANK vote, so it didn’t pass.

Our plan is to abolish the quorum requirement with this vote, then re-propose the votes so that we can implement the GSE, then the GSE will re-propose a more researched quorum requirement.

The snapshot vote of this must reach the 36.8M BANK Quorum in order to be enacted.

Title: Governance Solutions Engineer Elections Authors: frogmonkee#6855 Date Created: December 16th, 2021 Date Posted: January 20th, 2022 Applications Quorum Requirement: Not Applicable Voting Threshold: Not Applicable (Weighted Voting)

⚠️The results of this election are conditional on passing the Governance Solutions Engineer Program which is concurrently being voted on Snapshot. If you have not voted for the program, please navigate to the previous page and vote there as well.

SUMMARY As proposed by the Governance Solutions Engineer (GSE) Program, the DAO is to elect 5 GSEs.

The submission period was held between January 5th and 19th.

Please read each applicant's response thoroughly and elect the 5 GSEs based on their qualifications and ideas. This is not a popularity contest. The decisions made here will have long-term implications for the DAO.

APPLICATIONS Please review applications here. Snapshot has a character limit that prohibits copying and pasting each applicant's submission here.

The voting mechanic here is weighted choice voting.

Each voter may spread voting power across any number of choices

Select and allocate your tokens to as many applicants as you would like. The top 5 applicants will be elected as GSEs.

Title: BalancerDAO’s collaboration with BanklessDAO (Newsletter Sponsorship, Polygon Liquidity Pool, Written content and Podcast) Link to forum post

Authors: @eagle, @grendel, @siddhearta, @Andrea BalancerDAO

Date: 13 January 2022

SUMMARY

BalancerDAO offers to sponsor one BanklessDAO newsletter for the entire 2022 in exchange for a strong economic incentive in BAL for the BANK/WETH pool on Polygon.

Moreover, Balancer is interested in awarding a grant to BanklessDAO for obtaining media coverage concerning its DAO and the aforementioned BANK/WETH liquidity pool on Polygon.

BACKGROUND

Balancer is a well-known DeFi platform, which recently decided to launch its DAO.

Balancer and BanklessDAO collaborated together in the last season. Balancer has awarded to BanklessDAO an educational grant and has launched a liquidity BANK/WETH pool 1 on Ethereum. Recently, Balancer has launched a BANK/WETH pool 3 on Polygon.

MISSION & VALUES ALIGNMENT

The mission of BanklessDAO is to help the world go Bankless by creating user-friendly onramps for people to discover decentralized financial technologies. Due to its characteristics, Balancer is the perfect example of a DeFi project which could help the world go Bankless, in allowing to create liquidity and to earn from assets which are deposited in the Balancer’s pool. Moreover, in launching its DAO, Balancer - in line with the more advanced web 3.0 culture - demonstrates the willingness of decentralizing its operations.

Moreover, this type of collaboration demonstrates that BanklessDAO has reached a mature status, where projects show up and demand for client services. In the future, sponsorships and paid services will make our DAO financially sustainable.

SPECIFICATION / BUDGET

1. Polygon BANK/WETH liquidity pool incentives and BanklessDAO Newsletter sponsorship

BanklessDAO is requested to deposit in the BANK/WETH 80/20 Polygon liquidity pool:

4M BANK

14 WETH

Balancer will grant for the entire 2022 a weekly reward of 300 BAL (apx. 5k USD) for depositors. It means that if, for instance, BanklessDAO holds 50% of the liquidity in the pool, a revenue of 10k USD in BAL will be granted to the DAO treasury on a monthly basis (as 1200 BAL per month have a value of apx. 20k USD).

As consideration of the pool incentives, BanklessDAO will host BalancerDAO as the main sponsor on the “Weekly Roll-up” newsletter or the “State of the DAOs” newsletter for the entire 2022. The precise collocation of Balancer’s sponsorship will be determined on a seasonal basis.

2. BalancerDAO’s grant for media coverage

BalancerDAO would like to award to BanklessDAO a grant of 7k USD in BAL for:

A medium post where the collaboration between Market and BanklessDAO will be announced (500 USD)

2 medium articles, which will be tweeted 2 times by the BanklessDAO account and that will be mentioned in the weekly roll-up. (2,500 USD)

Article 1: The Multi-chain Strategy of Balancer

Article 2: The Creation of the Balancer DAO (with a short version in the State of the DAOs DAO Spotlight section)

A Crypto-Sapiens Podcast where the founders will present the Balancer DAO (2,000 USDC)

A strong marketing campaign concerning the liquidity pools (4 tweets with graphics prepared by designers) (1,000 USD)

1,000 USD for the project champions

FINANCIAL IMPLICATIONS

In order to get the pool incentives on a yearly basis, BanklessDAO is requested to deposit in the BANK/WETH 80/20 Polygon liquidity pool:

4M BANK

14 WETH

:warning: Funding should be provided by the BanklessDAO treasury

As to the media coverage, Balancer will cover the entire costs.

BRAND USAGE

Every published item will present BalancerDAO and BanklessDAO logos together.

SUCCESS METRICS OR KPIS

Success will be evaluated from the number of views of the articles, the likes of the tweets and from the number of the participants at the podcast and at the workshop.

Moreover, Balancer will also evaluate whether the media coverage has brought an increment in the usage of the BANK/WETH liquidity pools.

NEXT STEPS

The proposal requires a snapshot vote.

In case of approval, the champion of the proposal will organize the teams to cover the planned work.

Writers’ Guild Client Services will organize the written content and the publication on Medium. BalancerDAO’s founders will be put in contact with representatives of Crypto-Sapiens in order to organize the podcast.

SQUAD BACKGROUND

@Eagle is the Legal Guild Coordinator and member of the Grants Committee. He is a Law Professor and Lawyer interested in blockchain technology, DAO governance and DeFi

@Grendel is the Translator Guild Coordinator and member of the Grants Committee. He is a IT entrepreneur who designs and implements fungible and non-fungible tokenization blockchain projects.

@andrea Balancer is a Balancer core contributor and marketing strategist

@siddhearta is the Bankless DAO Newsletter Coordinator.