Title: Legal Guild Funding Season 8
Authors; Editors: @Teresacd; @LiviuC
Date Created: April 4, 2023
Dated Submitted: April 7, 2023
Wallet surplus: estimated at 411568 BANK
Funds requested: 520432 BANK
Multisig: 0x984eC14dc726B75cA3eb6A94C64D165D37EA823e
Multisig signers: Lawpanda, LiviuC, Eagle, Teresacd, Kouros, Grendel
Table of Contents
SUMMARY
MISSION & VALUE ALIGNMENT
FINANCIAL IMPLICATIONS
GUILD MEMBERS
LINKS
NEXT STEPS
SUMMARY
Guild Description
The Legal Guild serves as a hub where crypto enthusiasts with an interest in the legal aspects of the field come together to provide the BanklessDAO community with pertinent and accessible legal information. In Season 7, we have revitalized our mission, shifting our focus from simply conducting research to actively leveraging our legal expertise to address the unique legal inquiries of the BanklessDAO community.
Past activities
We expanded our social media presence to include LinkedIn, alongside our existing Twitter and TW Spaces accounts (join us on Thursday, April 20 at 5 PM UTC for our upcoming TW Space event, where weâll discuss the legal landscape of crypto in Latin America).
We worked on improving the way we operate within the Legal Guild by reorganizing our roles and increasing transparency. Weâre researching the best practices for Web3 projects and creating easy-to-understand onboarding documentation to make joining our community much simpler.
As part of our Season 7 goals, we are excited to introduce âOffice Hoursâ - a new initiative aimed at connecting you with a licensed Web3 lawyer, from the Legal Guild or the Blockchain Lawyers Group, depending on the jurisdiction, who can provide valuable insights on the best path forward for your BanklessDAO project. With just a 45-minute call, you can gain crucial information to help propel your project forward.
The contribution to participate in this program is $75 USD in BANK. However, Guilds will have access to this service as a Public Good, completely free of charge (Typeform Office Hours - BanklessDAO Legal Guild).
MISSION & VALUE ALIGNMENT
At the BanklessDAO Legal Guild, we are committed to providing the BanklessDAO community with timely and accurate updates on legal developments in the crypto space and DAO governance. Although many of our Guild members are licensed attorneys, we warmly welcome anyone with an interest in crypto or DAO legal and regulatory issues to join us. Whether you are an attorney or not, you can be a valuable member of our community. We believe now with our Office Hours, the alignment to the BanklessDAO community will be even greater by providing more resources that will promote the growth of Web3 Projects.
FINANCIAL IMPLICATIONS
Budget Breakdown
Cost Item BANK per Season
Role Holder 552,000
Coordinape 140,000
Bounties 40,000
Funding for Internal Projects (Campaign Type A) 200,000
Season Budget 932,000
Expected Leftover 411,568
SEASON 8 NEEDED FUNDS 520,432
We have earmarked 260.000 BANK for two projects that will eventually pay out at the end of the Season 7, first project will be bDAO Legal Entity âWrapperâ bDAO Legal Entity âWrapperâ Research Proposal and the second one will be Legal Guild´s Website and Design. Discord . Also we have a 120.000 BANK reserved for Guild Coordinape and 100.000 BANK for miscellaneous. Role pay will be 273.000 BANK and also set up a 47.000 BANK for bounties.
| Projects | 260000 |
|---|---|
| Role pay | 273000 |
| Bounties | 47000 |
| Coordinape | 120000 |
| Miscellaneous | 100000 |
| Total to be spent S7 | 800000 |
| Balance as of 06.04.2023 | 1211568 |
| Remaning | 411568 |
| Weeks 1-4 | Weeks 5-8 | Weeks 9-12 | Weeks 13-16 | Season Total | Percentage of Overall Budget | |
|---|---|---|---|---|---|---|
| Role Remuneration | ||||||
| Guild Coordinator | 30,000 | 30,000 | 30,000 | 30,000 | 120,000 | 13% |
| Governance coordinator | 30,000 | 30,000 | 30,000 | 30,000 | 120,000 | 13% |
| Social media manager (2 members) | 30,000 | 30,000 | 30,000 | 30,000 | 120,000 | 13% |
| Treasurer manager | 16,000 | 16,000 | 16,000 | 16,000 | 64,000 | 7% |
| Onbording specialist | 14,000 | 14,000 | 14,000 | 14,000 | 56,000 | 6% |
| Notetaker and POAP manager | 14,000 | 14,000 | 14,000 | 14,000 | 56,000 | 6% |
| Notion Admin | 4,000 | 4,000 | 4,000 | 4,000 | 16,000 | 2% |
| Totals | 138,000 | 138,000 | 138,000 | 138,000 | 552,000 | 59% |
| Bounties, Coordinape, and Projects | ||||||
| Bounties & Cross-guild payments | 10,000 | 10,000 | 10,000 | 10,000 | 40,000 | 4% |
| Coordinape Rounds (rewards program) | 35,000 | 35,000 | 35,000 | 35,000 | 140,000 | 15% |
| Projects (budgeted at 200K Bank/season) | 50,000 | 50,000 | 50,000 | 50,000 | 200,000 | 21% |
| Totals | 95,000 | 95,000 | 95,000 | 95,000 | 380,000 | 41% |
| Total S8 Budgeted (BANK) | 932000 |
|---|---|
| Carryover from S7 (BANK) | 411568 |
| Requiered S8 (BANK) | 520432 |
GUILD MEMBERS
- The Legal Guild has the role of an onboarding specialist which is also developing a document for those looking to join the Legal Guild.
- Here is the list of Active Members based on our Governance Criteria. They have been active both in our Meeting/ Discord, and have also contributed in the Legal Guild projects/activitities/development this Season.
- Social media has also been a platform where we onboard new members, such as in the bDAO in Spanish Newsletter.
LINKS
NEXT STEPS
Our main focus for Season 8 will be the Office Hours, the roles are shifting their attention and work towards it, this will be a source of funding for the Guild from now on, and a benefit for other Guilds.
We will also continue with our Podcast, activity in Twitter, and Linkedin.
Setting up a WebPage to condense all the research activity and projects from the Legal Guild.
POLL