[Draft 2] Season 2 Specification

Archive
1

:rotating_light::rotating_light::rotating_light: PLEASE READ THE GOOGLE DOCUMENT. ALL CHANGES FROM SEASON 1 ARE HIGHLIGHTED YELLOW. :rotating_light::rotating_light::rotating_light:

Summary

  • Season 2 will start on October 8th, 2021
  • Grants Committee will affirm projects funding requests going to Snapshot, keeping the total funding cap under 5M $BANK
  • Grants Committee will affirm guild budget requests going to Snapshot, keeping the total funding cap under 5M $BANK
  • Transfer 10.5M $BANK to the Grants Treasury for Season 1, with 3.5M for contributor rewards
  • 1.5M in monthly contributor rewards for L2. 1.5M in monthly contributor rewards for L1. 500,000 in seasonal contributor rewards for Guest Passes
  • Max budget for S2 = 20.5M

Next Steps

  • Formalize the project proposal workflow in Notion and Discourse
  • Begin the process of electing 7 multi-sig signers for the BanklessDAO treasury and phasing out those chosen at genesis by the LLC (original signers may apply)
  • Begin election process for three seats on the Season 2 Grants Committee
  • Transfer 10,500,000 $BANK to the Grants Committee multi-sig🚨

Poll

Move to snapshot (1 week voting period)

  • Yes
  • No (provide suggestions below)

0 voters

4 Likes
2

Reviewed few documents about upcoming proposals for season 2. Solid structure. How and where do we talk about potential impact of these projects?

3

How do you mean by potential impact? Project proposals are typically discussed in the forums.

4

Yes. That’s what I meant. Ok. Thanks!