Title: Vote to Ratify Transition Council Authority Authors: Hiro Kennelly, trewkat Forum Post: Transition Council Authority

SUMMARY

The Transition Council, which was established to guide our community through this period of change, is seeking BANK-holder ratification of its authority to implement a broad set of changes within the DAO, as described in this Forum post.

Six Transition Council members were appointed at the June 24, 2024 Governance meeting, per a tlBANK Snapshot vote. To date, the six appointed members have proceeded with work around purpose and branding, but before we move forward with officially implementing these changes and making additional decisions that will further shape our future, we believe it’s crucial to have the broader community’s formal and documented backing.

SPECIFICATIONS

If ratified, the Transition Council will have the authority to:

• Implement its selected new name and brand identity for the DAO (Black Flag DAO) across social media accounts and web presence.
• Decide on the role of the BANK token and issuance of new token(s) within the new Black Flag DAO.
• Change the Black Flag DAO membership requirements and organizational structure.
• Decide on the tooling necessary to operationalize these changes.
• Update DAO governance processes to reflect membership and/or token ownership rights.
• Produce a replacement Constitution that reflects these changes (and any others necessary to effectuate these changes). While the replacement Constitution will be written and implemented by the Transition Council with consideration of community feedback, the text will include a process by which members can later suggest and enact revisions to the new Constitution. (After community feedback, the language of this bullet point is slightly different than the Forum post).

DISCUSSION

Any discussion related to this Snapshot vote should take place on the Forum post.

POLL

Do you support the Transition Council’s authority to implement the changes listed under Specifications? This token-weighted Snapshot vote will run for seven days and requires ≥ 66% approval (Yes vote) to pass.

Title: Vote to Ratify Transition Council Authority Authors: Hiro Kennelly, trewkat Forum Post: Transition Council Authority

SUMMARY

The Transition Council, which was established to guide our community through this period of change, is seeking BANK-holder ratification of its authority to implement a broad set of changes within the DAO, as described in this Forum post.

Six Transition Council members were appointed at the June 24, 2024 Governance meeting, per a tlBANK Snapshot vote. To date, the six appointed members have proceeded with work around purpose and branding, but before we move forward with officially implementing these changes and making additional decisions that will further shape our future, we believe it’s crucial to have the broader community’s formal and documented backing.

SPECIFICATIONS

If ratified, the Transition Council will have the authority to:

• Implement its selected new name and brand identity for the DAO (Black Flag DAO) across social media accounts and web presence.
• Decide on the role of the BANK token and issuance of new token(s) within the new Black Flag DAO.
• Change the Black Flag DAO membership requirements and organizational structure.
• Decide on the tooling necessary to operationalize these changes.
• Update DAO governance processes to reflect membership and/or token ownership rights.
• Produce a replacement Constitution that reflects these changes (and any others necessary to effectuate these changes). While the replacement Constitution will be written and implemented by the Transition Council with consideration of community feedback, the text will include a process by which members can later suggest and enact revisions to the new Constitution. (After community feedback, the language of this bullet point is slightly different than the Forum post).

DISCUSSION

Any discussion related to this Snapshot vote should take place on the Forum post.

POLL

Do you support the Transition Council’s authority to implement the changes listed under Specifications? This token-weighted Snapshot vote will run for seven days and requires ≥ 66% approval (Yes vote) to pass.

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.

Summary

As per the changes to the Season 10 (S10) Seasonal Funding Process, guilds get a flat rate for S10 plus a bonus depending on DAO sentiment. This snapshot asks members of the DAO to signal their support of a guild via voting, which will then be used to award an additional 500,000 BANK for guilds to use to attract and retain talent.

Specification

Below you will find a list of guilds vetted by Grants Committee and receiving grants for Season 10. DAO members are asked to signal their support for guilds by allocating some of their token-weight to each guild. This functions almost exactly like a Grants Committee election - you can distribute your vote to as many guilds as you wish and also choose the weight of each vote.

Note: this is not retro-funding, it is a measure of DAO sentiment towards guilds. If you feel a guild is doing a good job and want it to get more resources, weigh your vote higher for that guild. To help make your choice, here are some links to the S10 grant requests from the included guilds:

• Project Management Guild
• Developer's Guild
• AV Guild
• Design Guild
• Writers Guild

Note: The last option is for those who don’t think any listed guild should get additional funds. If you select this option, you are effectively voting for the BANK above to stay in the treasury.

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

Summary

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,

• Details of this amount can be viewed in the Season 9 Seasonal Grant Requests Spreadsheet under “2nd Round Requests”

Specification

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

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.

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).

• Details of this amount can be viewed in the Season 9 Seasonal Grant Requests Spreadsheet.

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

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

SUMMARY

This is the finalized BanklessDAO Season 9 Specification.

Some Quick Reminders

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

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
  • Delegate Snapshot Proposal rights to Governance Dept
  • The Governance Department multi-sig has been granted Snapshot posting permissions

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)

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

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

bDIP-10: Revision to BanklessDAO Constitution

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

BDIP SUMMARY

• BanklessDAO’s Constitution lacks clarity and completeness.
• We have created a revision of the BanklessDAO Constitution which simplifies the language without making any changes to governance.
• This bDIP is to replace the entire existing Constitution with the entire revised Constitution. The revised text is available here .

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

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:

• BanklessDAO has earned on its full range Uniswap liquidity position. 2
  • ~1.1 million BANK
  • ~9.76 ETH
• This proposal is to pull these fees and deposit them into the BanklessDAO Multisig. 3

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

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:

• Rowan#3669
  • Application
• senad.eth 🏴#8782
  • Application
• Mr. V | mariokondo.eth#2771
  • Application
• jengajojo🏴#5896
  • Application
• Bananachain🏴 (Nanner)#6171
  • Application
• links🏴#7868
  • Application

The potential previous holder electees are:

• 0xLucas#3124
  • Application
• Above Average Joe#5427
  • Application
• Grendel#3875
  • Application
• Icedcool🏴#4947
  • Application
• Kouros#2107
  • Application

Multisig Holders stepping down:

• frogmonkee#6855
• RedVan🏴🍌#0611

Vote:

Token weighted voting

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
  • Bdip Template

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 6 bDIP-00: Seasonal Funding Process Clarification Went to Snapshot Ratified, All updates were put into place
  • Snapshot
• Season 6 Patch bDIP-01: Correcting Grant Proposal Requirements - Approved, Ratified, All Updates were put in place
  • Snapshot

Season 7 Business

• Season 6 - bDIP-02: Coordinated Timing Across BanklessDAO - Approved, Ratified, All Updates put in place
  • Snapshot
• Season 7 - bDIP-07: Set Season Length at 16 Weeks with Designated Downtime - Approved, Ratified, All Updates put in place
  • Snapshot
• Season 7 - bDIP-8: Selection and Election of BanklessDAO Vault Multi-Signature Wallet Signers - met quorum, approved, currently resolved snapshot and Approved
  • Snapshot Ended April 17, 2023, 12:00 AM

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 7 - [bDIP-N]: Expanding the Mandate of Governance Department - Proposal closed
• Season 7 - bDIP-N: Level update to include tlBANK - met quorum, up on snapshot
  • Snapshot
• Season 7 - Formal Proposal - Minor bDIP N- Format Change to Constitution & Community Handbook - has not met quorum

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)

Title: bDIP-9: Level update to include tlBANK Draft Authors: Icedcool, Ernest of Gaia, Sprinklesforwinners, Tomahawk Working Group: Tokenomics Squad Forum Post: Link

---

BDIP SUMMARY

This bDIP recognizes tlBANK as a component of L1 membership, and a core primitive of BanklessDAO.

BDIP BACKGROUND

As the utility of the BANK has evolved organically, the token itself has evolved beyond its original use to provide services within the ETH ecosystem. To keep up with these changes, it is imperative that the token itself evolve. tlBANK was first introduced on the forum here 5. Since then, we have seen support for the use of tlBANK grow. This can be seen in multiple forum posts that have obtained quorum. This can be seen here 5 and here 2. The use of tlBANK was ratified in this 2 snapshot vote.

BDIP SPECIFICATION

Recognize tlBANK as L1

|Current Text|New Text| | --- | --- | | L1 - Members | L1 - Members| |Full DAO members are those who have accumulated the requisite 35,000 BANK and are authenticated in the Discord server. The benefits of L1s include access to additional Discord channels and no longer needing to renew the guest pass.|Full DAO members are those who have accumulated the requisite 35,000 BANK and are authenticated in the Discord server. The benefits of L1s include access to additional Discord channels and no longer needing to renew the guest pass. DAO Members that mint the preset tlBANK will also be given L1 Membership with the included benefits. Only the tlBANK minting address receives the L1 access.|

EXPECTED IMPACT

• This will create secondary use cases for the BANK token by:
  • Allowing tlBANK to trade on any NFT marketplace.
  • Creating new areas of involvement and alignment of projects.
• UI will define lockup, but open ended on the back to allow projects different involvement.
• ONLY the minting address will receive the L1 Access to the DAO.

NEXT STEPS

• Upon ratification, go to snapshot
• Upon snapshot approval, modify CollabLand configuration to support tlBANK as an L1 level.

POLL

• Approve
• Abstain
• Reject

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.