Allocating public goods funding recevied via Octant

Governance
21

I love the idea of using EAS, although we need to create a schema, likely just for BanklessDAO.
More discovery needs to be done for us to get clear on the usecase.

1 Like
22

maybe we could use some other measure until discourse infrastructure is up

something like - to be able to vote, your discourse account has to be 30 days old, and have xy posts/comments/likes or similar

2 Likes
23

this doesnt answer my question, but i will forego the question for now.

i get the point behind the idea, and the reasoning why youā€™re doing this, and thatā€™s fine.

but there needs to be a bit more vetting behind this entire process to solidify the application, the groups, and the budget.

also, there should be an option to vote for none, or add your vote in the comments, or anything that gives a member a chance to express their opinions.

24

also, arent IMN, Nacion Bankless, and Global Events somehwat tied together?

and this is a small issue, but iā€™m becoming more concerned with the amount of profiles and proposals that have picture-less profiles. Not always an issue, but iā€™m not fully convinced that there arent sybils in this process.

essentially, this needs to be vetted more before using this as canon.

25

True, I think the same, it is very interesting what Octant is doing, but at the moment of voting I feel that you could do it with ā€œseveral restrictionsā€ because that way anyone could vote and what we are looking for is that more people vote, but also interested people, and it would be nice to make a ā€œfilterā€ about the people who should vote as having tlBANK or something like that.

1 Like
26

Can you clarify this for me?

1 Like
27

Yup. One of my favorite dreams about bDAO itā€™s someday we would be so sustainable that we wonā€™t have any inflation in the BANK token because itā€™s needed to continue the driving process of coordination

3 Likes
28

This is an issue that we have been discussing regarding this vote in the gov dept.
@Icedcool has noticed several sybil attempts already.

yeah, but they are separate projects with independent deliveriables

This is the best we could come up with given the time constrains. You are welcome to join the weekly gov syncs to give more real time input on how such decisions should be handled.

2 Likes
29

I understand, unfortunately due to my irl work constraints this is the best I can do for now.

30

Transcends the price you mean?

31

Sure! Use it like a vote and not for only pay the bills =)

32

so funny story right,

i was under the impression that this was the way to do this (so i at first was under the impression that tlBANK was a separate tool to liquid bank) but its instead just a locked up version.

its pretty clear how upset i am about the GroDAO situation if you look at my twitter, but it seems like the lock up for bank would benefit a mechanism like the gro rewards vesting contract (minus the rewards because that was a hot mess)

but yeah, i think perhaps @Jengajojo efforts towards these grants will eventually help towards this goal.

1 Like
33

Final allocation calculation:

Project Address Votes Allocation
Bankless Africa 0xCA27C5813c314586434512ab139Cad96F6b71750 44 18%
International Media Nodes 0x09cA8B48A2b4d468daC43806751e2e3a1Fc08A31 42 17%
Bankless Academy 0xf80Cd14ec747b2AdF7B1A9911b38c65a885dAeeA 35 15%
Bankless Publishing 0xf15414F8f8684F0C80866E074b8DF53d098689db 34 14%
Global Events 0x94D879812bd3f831F4Ad1F82452c58352d3d0596 33 13%
Bankless in Spanish 0x8e3B0600C06bb4b99F5Eab33D3a25E338818fbe2 32 13%
Creator Economy and Moloch Traps Podcastsā€¦ 0xE2D721c126150BeEE3C56A1AD71A2E0E29A411F0 26 10%
7 Likes
34

Thanks to the people that believe that our projects should be funded and supported.
We are still in flight and itā€™s and honor to be part of this.

2 Likes