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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


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


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.

3M votes
3 months ago

Swap FEI into USDC

Squad: Treasury Department


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.


  • 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

3M votes
5 months ago

Season 9 Seasonal Funding - Late Items

Title: Season 9 Seasonal Funding - Late Items Proposal Champion(s): Links, Paulito Date: Sept 20th, 2023


For the Season 9 Seasonal funding round, 2 projects and 1 guild missed the initial seasonal funding snapshot. The BanklessDAO Grants Committee requests 1,659,200 BANK to be transferred from the BanklessDAO Vault Multisig (eth:0xf26d1Bb347a59F6C283C53156519cC1B1ABacA51) to the Grants Committee Multisig (eth:0x12BD9048b419838e25046040Dcd297aB16850280) to fund these DAO units for Season 9, as per Section 7.1 of the BanklessDAO Constitution,


Guild Funding = 459,200 BANK

  • Project Management Guild = 459,200 BANK

Project Funding = 1,200,000 BANK

  • Global Events = 900,000 BANK
  • Making Bank = 300,000 BANK

Grand Total: 1,659,200 BANK

2M votes
7 months ago

Tokenomics - Approve DAI Capital Efficiency Strategy

Squad: Treasury Department Date Created: 12.06.2023


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


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]


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.

2M votes
7 months ago

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