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
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:
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.
UXMcEal
coffee-crusher
anaphant
SpiritedF#7303
fabiancripto
No UXMcEal
No coffee-crusher
No anaphant
No SpiritedF#7303
No fabiancripto
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.
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:
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.
Project Management Guild
Developer’s Guild
AV Guild
Design Guild
Writers Guild
None of the above
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
Approve
Abstain
Reject
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,
Approve
Reject
Abstain
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.
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.
Approve
Abstain
Reject
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.
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.
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.
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.
There are no immediate costs associated with this proposal.
Revenue raised for BanklessDAO and its projects Voting weight
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
Abstain
Reject
Title: Grants Committee Election for S9 and S10 Author: raybankless.eth Forum Post: Governance Election: Season 9 - Grants Committee Election Submission
According to the BanklessDAO Constitution, there are three seats open for the Grants Committee for the next term (Season 9 and Season 10).
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:
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.
Paulitobankless
Ornellaweb3
Author: @daolexa Squad: Grants Committee
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.
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.
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.
Each member: 3,846 $BANK/week Leads: 6,250 $BANK/week
Approve
Abstain
Reject
Title: Season 9 Seasonal Funding
Proposal Champion(s): Links, Icedcool
Date: Aug 19th, 2023
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).
Approve
Abstain
Reject
Title: Season 9 Specification Proposal Champion: 0xZFI Date: August 21st, 2023
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.
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.
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.
If this proposal passes Snapshot, the following timeline will fall into place for Season 9:
DAO Operational Timeline [Notion link]
Approve
Abstain
Reject
Author: Icedcool🏴 Squad: Tokenomics Department
Challenge: In Optimism L2, there is currently no DAO-owned liquidity. L1 Gas costs are increasing, and BanklessDAO Subdao operations are growing on Optimism. To address this, we propose migrating 5 ETH and ~2.2M BANK from mainnet to establish a full range position on Uniswap V3, creating an initial liquidity pool of ~$20k. Additionally, an Arrakis dynamic ranged position will be implemented to support contributors interested in providing LP.
BanklessDAO lacks DAO-owned liquidity on Optimism. With BanklessDAO's expansion to Optimism's Layer 2 (L2), the need for liquidity has grown. To facilitate the utilization of BANK, the Treasury Department proposes migrating $20k of liquidity into a BANK/WETH full range Uniswap V3 position.
This proposal seeks approval from the DAO to implement this liquidity and support Optimism operations.
The implementation steps are as follows:
After implementation, the liquidity depth will be approximately $20k, facilitating initial Optimism liquidity. The Treasury Department will monitor and analyze the volume and usage. After 3 months, a decision will be made whether to maintain or further deepen the liquidity.
This vote will remain active for 7 days. Pending approval of this vote, it will proceed to snapshot for DAO-wide approval.
Approve
Abstain
Reject
Author: Jengajojo, Icedcool, Hirokennelly
Delegate Snapshot proposals to the BanklessDAO Governance Department to support governance.
This proposal seeks to grant the Governance Department of BanklessDAO rights concurrent with the BanklessDAO Vault multisig signers to post proposals on the DAO’s Snapshot. These rights would be delegated from the BanklessDAO Vault multisig, whose signers would retain ultimate authority to delete any proposals submitted by the Governance Department.
Currently, posting proposals on Snapshot is limited to the BanklessDAO Vault multi-sig, restricting the process to those seven signers. Extending posting rights to the Governance Department furthers decentralization, transparency, inclusivity, and operational efficiency.
Delegating Posting Rights: The BanklessDAO Vault multisig will delegate posting rights on Snapshot to the Governance Department, allowing them to create and submit proposals on behalf of the DAO. Vault multisig signers retain rights to delete proposals.
Proposal Review and Feedback: The Governance Department will gain consensus from the Vault multisig signers on proposal text, ensuring consensus and decentralization.
Transparent Proposal Publication: After review, the Governance Department will post on Snapshot and create an announcement for visibility.
Governance Dept. approval process:
Step 1: Ensure proper format and quorum.
Step 2: Edit text for accurate proposal language.
Step 3: Initiate multi-sig tx from Department wallet with 12-hour delay.
Step 4: Make a DAOwide announcement through communication channels.
Approve
Abstain
Reject
Title: GC Funding - Accruing value via RPGF3 Authors: Icedcool, Rowan, Links Squad: Grants Committee Date Created: 7/25/23 Date Posted: 8/3/23
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.
IMN Proposed the following list of KPIs:
GC requested the following additional KPIs:
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.
Approve Abstain Reject
Approve
Abstain
Reject
Title: Treasury - Withdraw idle USDC from deprecated GMI pool Squad: Treasury Department Date Created: 6/12/23 Forum Post: Link
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.
The steps would be as follows:
Approve Abstain Reject
Approve
Abstain
Reject
Author: @cryptodad @jengajojo @baer.eth Squad: DAOstewards
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.
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.
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.
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.
The DAOstewards delegation comprises max. five members who are vetted DAO governance participants.
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.
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.
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
Reject
Abstain
Author: Governance Department
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.
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.
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.
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:
Insert a link to the quorum threshold for this proposal.
Makes Forum quorum more dynamic and reflective of the latest activity in the DAO.
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 |
Governance Department
Approve
Abstain
Reject
Draft Authors: Trewkat, HiroKennelly, links, Ernest of Gaia Working Group: Trewkat, HiroKennelly, links, Ernest of Gaia
This work has been supported by the Governance Department with the dual goals being:
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:
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 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.
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 |
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.
n/a
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.
Trewkat, Ernest of Gaia, HiroKennelly, and links are long-time Level 2 Contributors.
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
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.
The steps would be as follows:
BDAO multisig 2 would submit a fee-collecting transaction 1 to collect accrued fees 2 from the UNIv3 liquidity position.
The fees that have been earned would then be deposited into the BanklessDAO multisig.
Approve Abstain Reject
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
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.
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.
Rowan#3669
senad.eth🏴#8782
Mr. V | mariokondo.eth#2771
jengajojo🏴#5896
Bananachain🏴 (Nanner)#6171
links🏴#7868
0xLucas#3124
Above Average Joe#5427
Grendel#3875
Icedcool🏴#4947
Kouros#2107
Title: Season 8 Seasonal Funding (corrected)
Proposal Champion: p8ul.eth
Date: May 10th, 2023
Per current operating procedures, Department, Guild, and Project funding requests were reviewed by the Grants Committee and were approved for a total of 19,431,151 BANK and 2,000 USDC.
With the Grants Committee Allocation and the Grants Committee Project fund included, the grand total is 27,133,151 BANK and 2,000 USDC.
Of this amount, 50% of Project Funding (5,756,989 BANK) will be held by the Grants Committee Multisig to disburse mid-season, based on KPIs being reported.
This proposal seeks to ratify the distribution of the budgeted allocations detailed below.
Approve
Abstain
Reject
Title: Season 8 Specification and Community-Indicated Direction Proposal Champion: Ernest of Gaia Date: May 2, 2023
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.
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.
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.
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!
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.
Approve
Abstain
Reject
Title: bDIP-9: Level update to include tlBANK Draft Authors: Icedcool, Ernest of Gaia, Sprinklesforwinners, Tomahawk Working Group: Tokenomics Squad Forum Post: Link
This bDIP recognizes tlBANK as a component of L1 membership, and a core primitive of BanklessDAO.
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.
|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.|
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
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.
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:
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.
Baer.eth#6344
Icedcool🏴#4947
Paulito#8869
Daolexa#0001
Links🏴#7868
LiviuC#7835
Steff#7452
Title: bDIP-08: Selection and Election of BanklessDAO Vault Multi-Signature Wallet Signers Authors: senad.eth#8782, links#7868, Trewkat#1933, HiroKennellyᵍᵐ#0001 Working Group: HiroKennellyᵍᵐ#0001, jengajojo#5896, links#7868, senad.eth#8782, thinkDecade#7181, Trewkat#1933 Scope: Minor Change
Based on the feedback received from the Swapping BanklessDAO Multi-Signers [Temp Check] , this bDIP seeks to modify the BanklessDAO Constitution to include text regarding the selection criteria, mandate, and election procedures associated with the role of a BanklessDAO Vault multi-signature wallet signer.
There is no mention of the BanklessDAO Vault multi-signature wallet signers in the Constitution.
[Text to be included immediately before the Grants Committee section of DAO Organizational Units]
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.
Vault multisig signers have the following rights and responsibilities:
|Rights (can do)|Responsibilities (must do)| | --- | --- | |Can create transactions for consideration by other signers.|Must work to ensure the perpetuity of the DAO’s existence in alignment with the DAO’s mission, vision, and values.| |Can approve or reject transactions at their own discretion.|Must sign and execute transactions in a timely manner.| ||Must vet all transactions to make sure that they align with agreed decisions.| ||Must validate the individual transactions of mass payouts to ensure they are legitimate.| ||Must monitor the vault multisig’s activity.| ||Must manage access and permissions to the multisig.| ||Must keep their own software and hardware secure and up-to-date.| |Can post proposals to the BanklessDAO Snapshot.org space.|Must vet Snapshot proposals to confirm compliance with established governance procedures.| ||Must steward the process of moving proposals to Snapshot.|
To be considered for selection and to retain the role, vault multisig signers must meet the following criteria:
Vault multisig signers can be removed if:
There is no term limit for vault multisig signers, however continuation in the role is subject to the community vote.
This change will mean the DAO has adequately documented procedural information about the role of a BanklessDAO Vault multi-signature wallet signer. It is anticipated that if enacted, this update will be followed with an election for a new team of BanklessDAO Vault multi-signature wallet signers.
After this bDIP is ratified, we hope to hold an election to increase active multi-signature wallet signers from 2/7 to 7/7.
Achieve Minor quorum to add bDIP to Constitution, then run an election.
HiroKennellyᵍᵐ🏴#0001 - Guild and project coordinator, BC Associate, contributor to various projects. jengajojo🏴#5896 - Contributor in governance and project management. links#7868 - L2 Contributor, PM Guild Coordinator, Bankless Card Champion, governance enthusiast. senad.eth 🏴#8782 - L2 Contributor, Member of the Grants Committee, ex-DAOlationships Guild Coordinator and Project Champion of B Labs. thinkDecade 🏴#7181 - L2 Contributor, GC member, project management. Trewkat#1933 - L2 Contributor in Writers Guild and several other projects and teams.
Approve
Abstain
Reject
Title: BanklessDAO Governance Department Instantiation
Proposal Champion: Jengajojo, Icedcool
Date: Mar 27, 2023
Forum Post: Link
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.
Approve Abstain Reject
Approve
Abstain
Reject