Season 9 brought a slew of changes to the BanklessDAO Grants Process. This Transparency Report is meant to be the first of a regular seasonal output of the Grants Committee (GC), allowing the DAO to have a look inside the grants process and to give space for the DAO to give feedback.
Season 9 Information
The Grants Committee is (2 empty seats):
- Baer.eth (lead)
- Icedcool
- links (author of this post)
- Ornellaweb3
- Paulitobankless (lead)
- Seat - Empty
- Seat - Empty
Season 9 started on Sept 4, 2023 and ended on Dec 17, 2023 (15 weeks)
Top-Level Metrics
From the BanklessDAO Constitution, it can be seen that the Grants Committee “is responsible for vetting all funding proposals and ensuring funded organizational units provide ongoing transparency”.
Our top-level metrics are:
- Funds disbursed: 20,475,852 BANK and 2,000 USDC
- Proposals reviewed: 20 (7 mid-season, 13 seasonal)
- KPIs collected: 9 projects for Sept/Oct (none collected for Nov/Dec)
From the Grants Committee Accounting Sheet, it can be seen:
- GC received 23,446,772 BANK and 2,000 USDC from the BanklessDAO Vault
- GC disbursed 20,475,852 BANK and 2,000 USDC to 26 DAO groups
- 5 Departments, 7 Guilds, 13 Projects, 1 Committee
- 725,949 BANK was disbursed to GC contributors from S8
This information can be verified on-chain: https://app.safe.global/home?safe=eth:0x12BD9048b419838e25046040Dcd297aB16850280
From GC Meeting Notes, it can be seen:
- 7 proposals were reviewed
From the S10 seasonal Grant Request Spreadsheet it can be seen:
- 13 Proposals were reviewed
From the S9 Project KPI Measurements sheet, it can be seen:
- GC collected metrics from 9 projects
- No KPIs were collected for November or December
Noteworthy Grant-Related Events
- Grants Committee took a TEMP CHECK of the DAO for a major reform to the grants process
- This resulted in changes to the S10 Seasonal Funding Process and a bDIP (in progress) for updating the purpose and quorum
- Grants Committee took a TEMP CHECK to make updating the DAO via the Community Call a requirement for continued funding
Poll - How did the Grants Committee do in Season 9?
- 1 - very poorly
- 2
- 3 - acceptable
- 4
- 5 - amazing work!