[DRAFT 2] Season 5 Specification

:rotating_light: :rotating_light: :rotating_light: DRAFT 2 OF THE SEASON 5 SPECIFICATION CAN BE FOUND HERE. ALL CHANGES FROM THE SEASON 4 SPECIFICATION ARE HIGHLIGHTED IN GREEN. :rotating_light: :rotating_light: :rotating_light:

:arrow_right:With 100% of 63 voters approving the first draft of the Season 5 Specification, this post is largely a formality. But it is another opportunity to review for those who missed the first draft.:arrow_left:

Please flag any concerns you have in the comments below! No poll has been added as the previous draft was passed unanimously.

SUMMARY:

  • Season 5 will start on Monday, August 8, 2022
  • Season 5 will end on Sunday, October 30, 2022
  • Formal gap week will be on the week of October 31, 2022
  • Governance Solutions Engineers will have the ability to change or replace the Seasonal Specification, subject to forum and/or Snapshot voting in order to implement the BanklessDAO Constitution & Community Handbook
  • The Grants Committee will receive increased compensation funding starting in Season 5 (702K $BANK, increased from 400K $BANK in previous seasons).
  • Seasonal Automatic Guild Funding will be implemented pending discourse on appropriate measures and considerations.
  • The way BanklessDAO distributes contributor rewards through Coordinape will change starting in Season 5.
  • 11.5M $BANK allocated for the Grants Committee. 7M for inter-season funding and 4.5M for contributor rewards.

NEXT STEPS & TIMELINE:

  • Season 5 Specification Draft #1 goes up July 19th
  • Gap Week: July 30th - August 7th (including weekends)
  • Projects and guilds submit their budgets by July 13th
  • Grants Committee will work directly with applicants to finalize their proposals prior to the July 26th GC meeting.
  • Season 5 Specification Draft #2 goes up July 25th
  • :zap: Season 5 Specification snapshot goes live July 29th
  • Grants Committee to discuss any outstanding proposal issues during the July 26th meeting, and finalize prior to the July 29th Snapshot.
  • :zap: Project and Guild budgets snapshot goes live July 29th
  • :zap: Season 5 Specification snapshot goes live July 29th
  • :partying_face: Season 5 Starts on August 8th
  • BanklessDAO holds a twitter spaces event with BanklessHQ on August 12th
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